Senior Portfolio Manager - SBA

Remote

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When you work with us you are empowered, engaged and encouraged to collaborate because every voice matters, every person counts!

Job Summary

Hanover Bank is looking for a Senior Portfolio Manager - SBA. The Senior Portfolio Manager is responsible for maintaining and monitoring existing SBA loan portfolio They are expected to maintain close contact with these clients and leverage the relationship to identify and bring in additional new business opportunities, both in loans and the Bank’s other products and services.

Essential Job Duties and Responsibilities

• Manage SBA Past Dues up to 60 days; then work with the workout manager to transition the file to work out.


• Process SBA servicing actions requested by clients following SBA SOP.


• Manage Daily Fielding of loan advances/payments and appropriately respond to issues in accordance with SBA SOP guidelines.


• Monitor overall portfolio health and financial ticklers and track project and financial reporting requirements for loans in accordance with loan documents and bank policy.


• Complete underwriting for annual reviews on borrowing relationships in accordance with Bank Policy.


• Assess risk grades, servicing actions, and communication with SBA on credits.


• Review financial statements and conduct financial analysis.


• Work directly with customers and third parties to obtain information needed to perform annual reviews, modifications, tickler item collection, post-close documentation exception management, and completing servicing actions.


• Reporting (Quarterly).


• Interface with loan review, regulators, and/or auditor as required, including follow-up on cited loans.


• Work closely with all members of SBA Originations, Credit Administration, and Loan Servicing with all facets of the loan process.


• Review client's accounts and portfolios to identify, evaluate, and determine the appropriate course of action on potential credit quality issues in order to maximize SBA guarantee and underlying collateral.

Education and Experience

• 5+ years’ experience in the SBA lending department.


• Bachelor's degree in business and/or equivalent experience preferred.


• Strong Accounting skills.


• Excellent verbal and written communication skills.


• Excellent negotiation skills.


• Strong analytical skills.

Skills and Abilities

• Knowledge of SBA 7a and USDA programs.


• In-depth knowledge of SBA Standard Operating Procedures including servicing SOP.


• Promote a teamwork environment and actively participate as a team player in the ability to solve problems independently.


• Communicate effectively and constructively with attorneys, underwriters, brokers, portfolio managers, and borrowers effectively to enable the loans to close efficiently.


• Ability to work in a goal-oriented, fast-paced environment with the ability to meet deadlines.


• Strong verbal and written communication skills with the ability to communicate with all levels internally and externally.

OUR BENEFITS:

• Medical, Dental, and Vision (including HSA, FSA & Commuter Benefits)


• Company-paid benefits to include life insurance and AD&D plus long-term disability


• Voluntary Benefits (including additional life insurance and AD&D insurance for yourself, your spouse, and/or your dependent children, Voluntary Short-Term Disability, Pet Insurance, and Legal Services)


• Supplemental Health Benefits (including Accident Insurance, Hospital Indemnity Insurance, and Cancer Care)


• Retirement- 401(k) with Company Match


• Paid Personal Time Off (PTO) & Paid Company Holidays


• Annual Bonuses


• Annual Increases


• Employee Events and Contests

Salary: $93,000 - $114,000

Hanover Bank is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender, national origin, disability or protected veteran status.