Job Description

Job Summary
The Small Business Loan Associate’s focus will be to support the SBA Loan Specialist in documenting compliance with the Small Business Administration’s SOP (Standard Operating Procedures), and to assist in underwriting Small Business Loans. In addition to those listed below, responsibilities include helping internal and external clients understand the requirements of the SBA and how to properly document the requirements to ensure compliance.

This is an entry-level position and no knowledge of commercial banking or the Small Business Administration is required.

Primary Responsibilities
• Thoroughly reviewing loan materials and documentation for accuracy, SBA compliance, and completeness.
• Maintaining digital files with all items required for SBA compliance.
• Drafting and preparing loan materials for SBA Loan Specialist review.
• Drafting and maintaining SBA loan checklist and initiate communication with staff regarding loan status updates, current priorities, and deadlines.
• Serving as a liaison to the Borrower and Bank in preparation of an SBA-compliant loan application.
• Interacting with Small Business Lending team in analyzing client financial data.
• Managing underwriting process from start to finish for Small Business Loans up to $500,000.
• Maintaining an up-to-date Pipeline report.
• Assisting with special projects related to SBA Programs or Small Business Lending.
Responsibilities of all team members include:
• Being an active participant in team meetings.
• Exercising discretion in handling sensitive and confidential information.
• Understanding their role and their team members’ roles in risk mitigation.
• Identifying solutions for areas of improvement.
• Having open and honest communication that serve to improve our team.
• Other Duties as assigned.

Required Skills/Abilities:
• Must be proactive, organized, process-oriented, analytical, and highly engaged with their work, their team members, and their internal and external clients.
• Successful team members are detail-oriented, effective communicators and are successful in handling multiple priorities in a fast-paced environment.

Education and Experience
• Bachelor’s Degree with Business-related major is preferred.
• Experience within finance, accounting or analytics is a plus.

Supervisory Responsibilities:
• None. May assist with training new team members.

Physical Requirements:
• Prolonged periods of sitting at a desk and/or working on a computer.

This job description is not designed to cover or contain a fully comprehensive listing of activities, duties or responsibilities that are required of the team member. Duties, responsibilities, and activities may change or be assigned at any time with or without notice.

This position will comply with all BSA compliance laws and regulations including the Bank’s BSA policy and procedures.

Additional Information
Department: Loan Operations • Reports to: Loan Operations Leadership • Travel: N/A
Classification: Non-Exempt • Employment Type: Full-time • Supervises: None

“Oxford Bank is an equal opportunity employer and is committed to providing equal employment opportunities and an environment free of discrimination and harassment. All employment decisions at Oxford Bank are made without regard to age, race, color, religion, gender, sexual orientation, gender identity, national origin, veteran or disability status.”

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