SBA Manager at Somerset Regal Bank in Livingston, New Jersey

Job Description:

Visit www.somersetregalbank.com to learn more about Somerset Regal Bank.

Somerset Regal Bank is searching for a qualified candidate that will handle the Small Business Administration (SBA) lending by way of:

· Originating, closing, selling and servicing SBA loans in the Bank's lending area

· Overseeing the production of new SBA business as well as maintaining the existing portfolio's loans and relationships

· Seeking out and attending networking and other community events to establish and expand potential clients within the Bank's lending area

· Generating fee income through the sale of the guaranteed portion of the SBA loan in the secondary market, through servicing income, and interest income

· Ensuring the Bank's SBA portfolio retains its eligibility status to ensure Bank retains the guaranty in the event of a loss

· Maintaining up to date knowledge of laws and regulations that pertain to SBA lending

· Serving as the main resource for government guaranteed loans

Full Time Employment Benefits:

Retirement plans

Health insurance

Paid days off

Minimum Qualifications:

· At least 5 years of managing and growing an SBA loan portfolio

· Extensive familiarity with SBA loan programs (7a and 504) and small business financing

· Ability to build and maintain strong client relationships through negotiation, collaboration and self-motivation

· College degree with a focus in business, finance, professional services, or similar concentration preferred

· Must be able to travel to existing or potential client location(s) and/or business related events as needed

PRE-EMPLOYMENT SCREENING:

Credit check

Criminal check

Reference check

SOMERSET REGAL BANK RETAINS THE RIGHT TO CHANGE OR MODIFY JOB DUTIES AT ANY TIME. THE ABOVE JOB DESCRIPTION IS NOT ALL ENCOMPASSING NOR IS IT TO BE CONSIDERED A CONTRACT OF EMPLOYMENT. Somerset REGAL BANK is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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