What are the responsibilities and job description for the SBA Loan Specialist position at Stifel?
Summary
The SBA Loan Specialist completes and verifies all documentation and settlements for 7(a) Loans, Pools, and all other SBA Secondary Market items. This position ensures all SBA Loan standards are being met and maintains spreadsheets with financial information.
Essential Duties and Responsibilities
- Complete and file required documentation for 7(a) Loan Pool Assemblers and all other SBA Secondary Market Program Licensing.
- Verify, upload, and confirm daily SBA trade activities to ensure all trade information is complete and accurate.
- Process and coordinate settlements for 7(a) Loans, Pools, and all other SBA Secondary Market items.
- Review and organize all SBA Loan documentation from clients for accuracy.
- Ensure SBA standards are being met throughout the process in order to reach settlement.
- Maintain spreadsheets containing key financial information regarding SBA Loans.
Qualifications
- Understanding and ability to comply with all regulations, including the Community Reinvestment Act, Bank Secrecy Act, Fair Credit Reporting Act, etc.
- Organized and detailed self-starter who understands and carries out processes in a team environment.
- Knowledge of SBA Loan standards and requirements to perform due diligence reviews.
- Ability to utilize professional communication skills and provide top quality customer service to external clients and internal cohorts.
Education and Experience
- Minimum Required: 1 related experience
- Minimum Required: High School Diploma or Equivalent
About Stifel
Established in 1890, Stifel is one of the nation’s leading full-service wealth management and investment banking firms. Stifel serves clients from more than 400 offices across the United States and ranks as the nation’s seventh largest full-service investment firm in terms of number of financial advisors. We are also a leading provider of investment banking services to the middle market, a top-ten municipal bond underwriter, and home to one of the industry’s largest research franchises. In addition our Stifel Bank subsidiary provides a comprehensive range of banking services.
Stifel Bank is an affirmative action and equal opportunity employer. All candidates will be considered without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, marital status, veteran status, genetic information or any other protected characteristic under applicable law.
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Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)
