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SBA Loan Servicing Specialist at Synovus Financial Corp. in Cumming, Georgia

Posted in Other 30+ days ago.

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Type: Full Time

Job Description:

Job Summary:
Performs routine administrative tasks in support of the SBA Loan Operations Department. Responsible for the accurate processing of loan transactions, payments and disbursements, documents and reporting.

Job Duties and Responsibilities:
May perform any or all of these functions:

Books SBA Loans

Processes all payments, disbursements, miscellaneous fees and creates necessary GL ticket entries

Processes all servicing actions and payoffs, including notifying Colson

Processes disbursements after reviewing for validity. Prepares spreadsheets and Form 1050, obtains appropriate signatures and remits money to borrower

Tracks disbursement periods, contacts customers regarding expiration dates, requests outstanding necessary documents per disbursement checklist and loan file review exception list

Prepares any necessary stamp actions to extend disbursement period, move funds, etc.

Runs and distributes SBA reports on a weekly/monthly basis

Prepares and remits weekly and monthly 1502 report and settle with Colson and participants

Audits SBA files

Each team member is expected to be aware of risk within their functional area. This includes observing all policies, procedures, laws, regulations and risk limits specific to their role. Additionally, they should raise and report known or suspected violations to the appropriate Company authority in a timely fashion.

Performs other duties as required.

The information on this description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.

Synovus is an Equal Opportunity Employer supporting diversity in the workplace.
Minimum Education: High School Diploma

Minimum Experience: Three (3) years of commercial loan experience in processing, packaging, closing, funding and/or servicing loans, including one (1) year of experience handling SBA loans

Required Knowledge, Skills, & Abilities:

Knowledge of commonly-used SBA concepts, practices and procedures

Knowledge of SBA SOP, documentation and servicing actions

Cash handling and/or accounting experience

General ledger debit and credit transaction knowledge

Working knowledge of Excel and Word

Good written and oral communication skills

Preferred Knowledge, Skills, & Abilities:

Associate's or Bachelor's degree in Business Administration, Finance, Accounting or a related field