SBA Eligibility Officer

Amherst, MA - USA

Yearly Salary: $ 71000 - 122000

Posted on: Yesterday

Vacancies: 1 Vacancy

Job Summary

Location:

4224 Ridge Lea Road Amherst New York

ABOUT THE JOB (JOB BRIEF)

SBA Eligibility Officers are responsible for reviewing Key Banks Small Business applications for adherence to the SBAs requirements assuring that the agency guarantee can be enforced. The position will serve as a subject matter expert on the SBAs Standard Operating Procedures (SOP) and a point contact for the underwriting and closing teams. Additional responsibilities include ensuring that all required loan conditions are sufficient and properly documented and in compliance with SBA and bank policy.

ESSENTIAL JOB FUNCTIONS

Responsible for reviewing new credit application packages for adherence to credit policy and SBA requirements and determination of appropriate due diligence necessary to ensure proper eligibility compliance
Review financial statements and all other relevant financial analysis as well as non-financial data to develop a concise and focused analytical foundation for a credit decision
Collaborate with underwriters bankers and credit partners to drive the efficiency and effectiveness of the credit process to meet client expectations
Ability to review high volumes of applications in a timely manner to develop a concise focused foundation for SBA eligibility decisioning
Decision loans within delegated authority or recommend decision to appropriate credit partner
Monitor and identify risks within the existing portfolio
Identify and escalate material issues or trends in a timely manner
Coordinates with internal partners to drive efficiency and effectiveness in the application process to meet client expectations
Serves as mentor coach and trainer for the analyst and underwriting staff as it relates to credit and SBA requirements
Ability to manage application workflow
Maintains comprehensive knowledge of SBA policies and lending programs and remains up to date with changes
Provides on-going training to Key Banks Small Business teams on SBA eligibility lending programs and policies.
Support and participate in SBA special projects as needed. Examples could include process improvements implementing change across credit and the line of business etc.

REQUIRED QUALIFICATIONS

Bachelors Degree with a preferred focus on business course work or equivalent work experience.
Prior business commercial or related credit underwriting experience with preference of at least 3 years to include experience working with the SBA loan programs.
Extensive knowledge of the SBAs Standard Operating Procedures (SOP) and eligibility guidelines
Satisfactory understanding and knowledge of commercial credit policies procedures and loan systems.
Familiarity with and understanding of commercial credit underwriting/approval methodologies and their use.
Ability to work well individually as well as part of a team.
Proven leadership abilities
Accomplished self-starter and well-organized in thought and action.
Possess a process improvement mindset.
Strong organizational skills ability to set priorities in a multitask environment.
Commitment to core values; Teamwork Respect Accountability Integrity Leadership.

COMPENSATION AND BENEFITS

This position is eligible to earn a base salary in the range of $71000.00 - $122000.00 annually. Placement within the pay range may differ based upon various factors including but not limited to skills experience and geographic location. Compensation for this role also includes eligibility for incentive compensation subject to individual and company performance.

Please click here for a list of benefits for which this position is eligible.

Key has implemented an approach to employee workspaces which prioritizes in-office presence while providing flexible options in circumstances where roles can be performed effectively in a mobile environment.

Job Posting Expiration Date: 12/31/2025 KeyCorp is an Equal Opportunity Employer committed to sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race color religion sex sexual orientation gender identity national origin age genetic information pregnancy disability veteran status or any other characteristic protected by law.

Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing

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Required Experience:

Unclear Seniority

Location:4224 Ridge Lea Road Amherst New YorkABOUT THE JOB (JOB BRIEF)SBA Eligibility Officers are responsible for reviewing Key Banks Small Business applications for adherence to the SBAs requirements assuring that the agency guarantee can be enforced. The position will serve as a subject matter ex...