AVPVP, SBA Loan Officer

People Drive Our Success

Are you enthusiastic highly motivated and have a strong work ethic If yes come join our team! At Cathay Bank we strive to provide a caring culture that supports your aspirations and success. We believe people are our most valuable asset and we proudly foster growth and development empowering you to achieve your professional goals. We have thrived for 60 years and persevered through many economic cycles due to our team members drive and optimism. Together we can make a difference in the financial future of our communities.

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GENERAL SUMMARY

Following established policies and department procedures responsible for screening/interviewing SBA loan applicants underwriting closing and servicing SBA Express Cap Line and EWCP as well as SBA 7(a) 504 loans and State guarantee program

ESSENTIAL FUNCTIONS

• Screening and Loan Pre-Qualification
  
  • Conduct thorough initial assessments of SBA loan applicants including evaluating their eligibility based on SBA and bank guidelines.
  • Perform necessary field visits to gather firsthand knowledge of applicants businesses and operations.
• Financial Analysis and Documentation
  
  • Collect and analyze detailed financial statements including income statements balance sheets and cash flow projections.
  • Spread financial statements into the banks financial analysis software to evaluate creditworthiness.
  • Review and verify supporting documents such as credit reports appraisals business plans and personal guarantees.
• Loan Underwriting and Approval Presentation
  
  • Prepare comprehensive SBA loan credit presentations (CCRs) that outline the risk analysis loan structure and repayment capacity.
  • Present loan recommendations to the banks internal credit committee for approval ensuring compliance with SBA policies and SOP 50 10 requirements.
• Loan Packaging and Submission
  
  • Prepare detailed SBA loan packages ensuring all required documentation and certifications are included.
  • Submit complete packages to the respective US SBA Department for approval maintaining open communication to address any follow-up requests.
• Portfolio Management
  
  • Monitor and manage a portfolio of SBA loans ensuring timely repayments adherence to covenants and resolution of any delinquencies.
  • Identify potential risk exposures within the portfolio and recommend proactive solutions to mitigate risks.
• Loan Servicing and Closing Support
  
  • Analyze and prepare SBA loan servicing requests such as modifications deferments or extensions in accordance with bank and SBA guidelines.
  • Collaborate with the loan closing team to ensure timely and accurate loan disbursements while adhering to SBA requirements.
• Customer Relationship and Collections
  
  • Maintain ongoing communication with borrowers to provide guidance and support throughout the loan lifecycle.
  • Contact customers for payment collection and proactively address any potential repayment issues to minimize delinquencies.

QUALIFICATIONS

Required Qualifications

• Bachelors degree in business Finance Accounting Economics or related field or equivalent work experience.
• Strong analytical communication and organizational skills.
• Ability to analyze financial statements and cash flow.
• Ability to manage multiple assignments and meet deadlines.
• Proficiency in Microsoft Office applications.
  Preferred Qualifications (Not Required)
• Previous SBA lending underwriting commercial lending or credit analysis experience.
• Knowledge of SBA 7(a) SBA Express SBA 504 or SBLGP programs.
• Experience with commercial real estate and business lending.
• Familiarity with loan origination systems and banking operations.
• Bilingual skills (English Mandarin or Cantonese) are a plus.

OTHER DETAILS

AVP: $87900 $100100 / year

VP $118700 - $ 130000

Pay determined based on job-related knowledge skills experience and location.
This position may be eligible for a discretionary bonus.

Cathay Bank offers itsfull-timeemployees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes coverage for medical insurance dental insurance vision insurance life insurance long-term disability insurance and flexible spending accounts (FSAs) health saving account (HSA) with company contributions voluntary coverages and 401(k).

Cathay Bank may collect personal information from potential job candidates and applicants. For more information on how we handle personal information and your applicable rights please review ourCalifornia Job Applicant Privacy Policy.

Cathay Bank is an Equal Opportunity and Affirmative Action Employer. We welcome applications for employment from all qualified candidates regardless of race color ethnicity ancestry citizenship gender national origin religion age sex (including pregnancy and related medical conditions childbirth and breastfeeding) reproductive health decision-making sexual orientation gender identity and expression genetic information or characteristics disability or medical condition military status or status as a protected veteran or any other status protected by applicable law.

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Required Experience:

Exec