SBA Post-Closing Compliance Specialist I

Job Details

First Internet Bank of Indiana Fishers - Fishers, IN

About the Position:

As the Small Business Administration (SBA) Post-Closing Compliance Specialist I, you will be responsible for ensuring all post-closing servicing requirements are being met in accordance with the SBA SOP, as well as the bank’s internal loan approval requirements. Your duties will include all aspects of portfolio management as it relates to file maintenance, audit/loan review, collateral lien perfection and monitoring, and exception clearing for SBA loans. You will also focus on loans and exception-related issues of a less complex nature.

What You Will Do:

Assist with/manage the transition of the original loan file from Closing to Servicing.

Assist with the monitoring and verification/securitization of vehicular and rolling stock collateral according to loan approval requirements.

Assist with the monitoring and verification of both Title Policy and Recorded documentation for real property according to loan approval requirements.

Monitor UCC filings and expirations to ensure proper lien position, and continuation of the lender’s lien position throughout the life of the loan.

Assist Loan Operations in document review and processing in support of the Secondary Market sale process.

Maintain physical file and collateral records on behalf of the department.

Maintain the loan record in nCino following the post-close process.

Verify the accuracy and population of documentation into the system of record.

Review and resolve any loan document and/or policy-related exceptions identified during the audit and loan review process.

Assist leadership with preparation for, and processing of, internal/external audits for the Small Business Lending team as needed.

Coordinate with Portfolio Managers/Special Assets Manager in resolving any compliance related issues identified during the liquidation and guaranty submission process.

Assist/perform audit of finalized servicing actions to maintain and ensure compliance with loan program rules, as well as internal standards and guidelines.

Assist the department, as needed, in the servicing of the bank’s SBA loan portfolio including financial, insurance and covenant tracking.

Assist/coordinate with SBA Loan operations on the release of collateral for paid off loans

Perform other duties as assigned.

What We’re Looking For:

Minimum of three years of experience in commercial/SBA lending as a processor, packager, or closer for SBA Loans.

College degree in business or a paralegal certification, preferred.

Knowledge of various legal entity borrowing structures such a Limited Liability Companies, Corporations, Partnerships, Tenant in Common structures, etc.

Knowledge of required reviews and verifications through the Secretary of State, etc., and the type of entity documentation required for each type.

Knowledge of Flood Insurance Compliance and required documentation.

Knowledge of Loan Closing processes and required documentation.

Working knowledge of PCFS – Loan Manager and nCino preferred.

Proficient in Microsoft Office.

Self-starter that is able to work independently and as a part of a team.

Demonstrated ability to complete work in a timely, efficient manner with impeccable accuracy.

Working Conditions/Demands:

Professional office setting.

Primarily sedentary position requiring long periods of time working at a computer.

Must be able to move throughout the office and buildings to obtain or relay information.

Must be able to perform the essential functions of the position with or without reasonable accommodation.

Who Are We?

We’re not just another bank and we’re not looking for just another employee. Since 1999, First Internet Bank has been dedicated to finding a better way to bank and doing things that have never been done before. Yes, we really were the first state-charted, FDIC insured bank to operate entirely online and we have been leading the way ever since.

We seek the game changers, the innovators…those who challenge the status quo because change really is the only constant. Ready to join a team of imaginative, driven individuals like you? It’s your career, you deserve to imagine more. Keep reading, we think you will like you what see

Why Join Us?

Our success has been driven, in part, by four core competencies – customer focus, teamwork, adaptability and initiative. Collectively they define our actions and are at the heart of all we do. As a result, we’ve been fortunate to have been named numerous times as an Indianapolis Star Top Workplace and one of the Best Banks to Work For! Headquartered in downtown Fishers, our newly-built, state-of-the-art 175,000 square foot facility headquarters was designed with our team in mind and features an 18,000 square foot open air deck named “The Backyard”, with fire pits, covered pergola, waterfall and foliage to create a momentary escape from the work day. Beyond that, the onsite fitness center with the latest equipment and ergonomically-designed workstations help promote health and wellness. Have we mentioned free snacks, soft drinks and beer available on tap? Want more? How about unlimited volunteer time off and social events to bring us all together to have some more. Why just imagine more, take the “first” step and apply today.

Our benefits package includes the following and so much more:

Medical Dental, Vision Insurance

401(k) Retirement Plan with Generous Match

Professional Development Reimbursement

3 Weeks Paid Vacation Plus Paid Holidays

Paid Volunteer Time

Business Apparel Allowance

Equal Opportunity Employer - Women, Minorities, Veterans and Individuals with Disabilities

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The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c). Click here to read more