SBA Construction Specialist

Description

Join us today as a SBA Construction Specialist!
First Business Bank is a Top Workplaces USA company, learn more here. 

At the heart of First Business Bank, we believe success comes down to putting people first. Our people are our priority — they embody ambition, experience, and client focus. The result is extremely engaged employees who provide unmatched client satisfaction. With comprehensive total rewards to support our team members, a commitment to valuing each other’s differences, and a focus on improving our communities, we are confident you’ll find the experience is your advantage. We’re delighted you’re considering joining us! 

SBA Construction Coordinator works closely with relationship managers, portfolio managers and SBA closing team to ensure construction/leasehold conditions are met prior to closing.  Monitors and maintains post-closing disbursements, while adhering to the Standard Operating Procedures of the SBA. 

Work Model: Remote

Construction Loan Support & Servicing

• Creates, manages, and monitors draw process and procedures for all SBA construction and leasehold improvement projects
• Reviews pre-closing due diligence as it directly relates to project needs. Including, but not limited to:  construction contracts, plans & specs, budgets and timelines.
• Responsible for submission of thorough and accurate draw packages for approval and funding.
• Ensures all necessary project inspections are scheduled, and inspection reports are received, reviewed and filed appropriately.
• Works with title companies and/or the bank’s third-party monitoring companies to fund approved draw requests, collect lien waivers, endorsements and certifications as needed.
• Manages disbursements for equipment purchases, inventory, soft costs and working capital as required.
• Works with portfolio manager to memorialize the loan file as material changes arise (i.e. reallocation of use of proceeds, extension of interest only period, etc.)

Customer Service

• Serves as an essential point of contact post-closing, for the borrower, general contractor and third-party monitoring company.
• Creates a sense of ownership with each project, while presenting a joint-effort approach to the deal for borrower.

Position Requirements:

• 3-5 years experience in SBA Lending required
• 1+ year construction draw experience required
• Basic knowledge of construction contracts
• Excellent time management and multi-tasking skills and ability to set goals, prioritize work and handle interruptions while maintaining focus on results and quality.
• Ability to identify and define problems, collects and evaluates data, draw valid conclusions and make sound independent judgements and decisions.
• Ability to communicate clearly and concisely with excellent writing and speaking skills.
• Proficient in Excel

First Business Financial Services, Inc. is committed to providing equal employment opportunity to all applicants and employees regardless of their race, creed, color, religion, gender, age, national origin, disability, military service, protected veteran status, genetic information, sexual orientation, gender identity, transgender status, or any other characteristic protected by federal, state or local law. We are strongly committed to this policy and believe in the concept and spirit of the law.