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Loan Specialist

Company: Highlight Technologies
Location: Birmingham
Posted on: November 22, 2021

Job Description:

Overview:We are looking for a Loan Specialist to support the Small Business Administration (SBA) in Birmingham, AL. You must have thorough knowledge of the financial and credit factors related to business, commercial, and/or home loans including business practices and financial structures, pertinent statutory, regulatory, and administrative provisions. The position requires the application of extensive experience and seasoned judgment together with a broad knowledge and understanding of business systems, elements of good management, financial organization and management, the economic climate for small business, and earning potential of the business enterprise involved. It also requires knowledge and skill in analysis, evaluation and problem solving to identify and define financial management problems and assist in the development of workable solution.Responsibilities:

  • Perform a variety of tasks depending upon the division to which the individual is assigned including processing, origination, servicing, guaranty purchasing and/or liquidating; but the majority of the time (not less than 60%) is spent on loans which are considered to be more "complex" or problematic because of specific conditions or of their nature. Reviews assigned loan file to become acquainted with the characteristic requirements, collateral, and terms of the loan.
  • Review and analyze requests from direct borrowers or requests from participant lenders in relation to servicing, liquidating or purchasing loans depending upon the division to which is assigned. Independently determine what data is needed in order to analyze/evaluate the request. Analyze these requests in terms of financial condition of the borrowers and their effect and implication they have on the interest of SBA if they are approved. Make independent recommendations on these requests to supervisor/team leader.
  • Analyze financial statements (using cash flow projections and ratio analysis) as necessary to detect trends in the financial condition of the business and to initiate appropriate corrective actions.
  • Provide extensive servicing, purchasing or liquidation of the more complex delinquent loans or potentially delinquent loans. Analyze the underlying problems and causes of the delinquency and develops the solutions to protect the interest of the Agency and the survival of the small business.
  • Conduct interviews with borrowers and lenders and counsels them on SBA's practices. Assess borrower's or lender's need for assistance from other sources and counsels accordingly.
  • Participate in the training of new personnel in loan servicing or purchasing or liquidation work; explaining procedures, techniques, and policy. Work closely with new personnel to acquaint them with the functions of the division.
  • Maintain up-to-date entries in all appropriate required systems (LLTS, GPTS, DLCS HATS and MasterTrak) to ensure integrity of the data and Center efficiency.
  • Conduct research necessary to assist lenders in answering inquiries regarding recently submitted actions or inquires.
  • Review and associate trailing documents with their respective loan files or transfers files / documents to the appropriate SBA office.
  • Analyze and make recommendations on transaction requests in accordance with existing Agency SOP's or guidelines.
  • Utilize various software programs to perform daily tasks including Microsoft Word, Excel, Access, and Outlook. Also utilizes SBA software programs such as Qterm and Guaranty Purchase Tracking System (GPTS) to input or research information.
  • Performs other loan processing, servicing, purchasing, liquidation or other transaction activities as needed to support the office operation.Qualifications:
    • U.S. Citizenship.
    • Public Trust eligibility.
    • Associates degree or higher from an accredited institution.
    • Five (5) years of relevant experience.
    • Commercial lending work experience is required.
    • Comprehensive knowledge of the substantive programs of Small Business Administration and they relate to loan administration functions.
    • Knowledge of duties, priorities, commitments, policies and goals of the office sufficient to perform assignments such as telephone requests and other inquiries.
    • Practical knowledge of standard procedures in loan administration requiring extended experience to perform such work as preparation of the more routine modification of loan terms and conditions.
    • Knowledge of financial statements, credit instruments, collateral documents and business terminology.
    • Skill and ability to use calculator, typewriter and/or personal computer to complete forms, recurring reports and correspondence which is generated by job activity.
    • Skill and ability to deal with situations on the telephone involving individuals who may not understand the Agency's programs or who have complaints or grievances with the Agency.
    • Judgment in locating and selecting the most appropriate guidelines, references, and procedures for application and in making minor deviations to adopt the guidelines in specific cases, may determine which of several established alternatives to use.About Highlight:For over ten years, Highlight has provided Development and Modernization, Secure IT, and Mission Solution services to our federal government customers. Our team knows the technology; we understand how our customers and their stakeholders work; and we know how to implement industry best practices to deliver high-quality, end-to-end solutions that minimize risk and maximize results.Since our inception, Highlight has had an employee-first mindset. Our mission is to provide employees with rewarding and impactful career opportunities. In 2021, Highlight's founder and CEO, Rebecca Andino, implemented an Employee Stock Ownership Plan to embody and expand our culture of transparency, teamwork and rewarding the work of our employees. By becoming an ESOP, our employee-owners share in the success of the company through their ownership stake. To learn more about ESOPS, check out:'re an Equal Opportunity Employer (EOE) that empowers our people to fearlessly drive change - regardless of their race, color, religion, sex, gender identity, sexual orientation, national origin, disability, veteran status, or other characteristics. Our team is dedicated to foster diversity within our teams to promote creativity, innovation, and teamwork to deliver the best solutions for our customers.-:#cwlp

Keywords: Highlight Technologies, Birmingham , Loan Specialist, Other , Birmingham, Alabama

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