Portfolio Officer, VSBA Servicing Department

Who We Are: VelocitySBA provides small business owners with access to growth capital through the SBA loan program. Having access to small business financing can give you the security and freedom to focus on other aspects of running your business. We can help you purchase commercial real estate and equipment, provide growth capital financing, deliver debt refinance solutions, aide with business acquisition/partner buyout, and assist small business owners with their startups.   What’s in it for You: VelocitySBA is one of the fastest growing SBA lending institutions in the country and is actively seeking motivated individuals interested in a career in business finance.  Areas of opportunity include sales/business development, underwriting, closing, servicing, marketing and more as our organization very actively implements our national growth strategy. VelocitySBA offers distinctly a team culture that is more synergistic and collaborative than typical for financial institutions, creating a stimulating and enjoyable workplace environment.  Candidates joining the VelocitySBA team can expect professional development and growth working alongside the best SBA professionals in the industry. Become a part of our team and immerse yourself in a company that fosters a Great Place to Work™ culture!   What You’ll Do:   The Portfolio Officer’s primary responsibility is to manage and monitor the loan portfolio throughout the life of the loan after loan disbursement. The Portfolio Officer requires detailed knowledge of SBA servicing and administration policies, procedures, and compliance.   VelocitySBA is seeking for an individual with minimum of 4-6 years in SBA loan management.   Job Duties:   Communicate with borrowers to monitor loan risk ratings and recommend any necessary actions. Prepare post-closing memorandums.  Notes all communications, including communication attempts in loan core system. Communicate with team members for any issues identified during annual review or post-closing processing. Monitors reports on customer communications, email bounce backs & other covenant tracking tools. Monitors status of customers covenants, including insurance coverage, financial statements, real estate property tax tracking, and follow up communications, including with agents, borrowers and guarantors through email, mail, and any contact phone numbers. Complete Servicing Action requests, working with the customer, preparing memos for approval, and obtaining due diligence items. Complete annual reviews by preparing memos and financial/ credit reviews. Tickler tracking and monitoring for financial and other tickler item requirements. Prepares monthly appropriate reports and participates in monthly Portfolio Management reviews. Back up to Servicing Manager Performs all duties within the constraints of all applicable Federal, State, and local laws. Follow VelocitySBA and the U.S. Small Business Administration Policies and Procedures. Assist with preparation of portfolio excel reports, tables and pivots, power point presentations, Board presentations and other excel portfolio management tables/tools and reports. Ability to work with and operate in Spark and PCFS/Loan Manager platforms. Ability to work with cash flow spreading and basic credit analysis & assessments.   Skills and Qualifications:   Bachelor’s Degree Minimum of 2-5 years’ experience in SBA 7(a) lending, Ability to work in a fast-paced, customer service-oriented environment. Attention to detail, emphasis on accuracy and strong sense of urgency. Strong problem-solving, mathematical, and analytical skills Possess basic team coordination, mentoring, training and managerial support type skills. Ability to communicate effectively with customers, as well as upward, downward & across the organization. Proficient in Microsoft Office suite, strong overall keyboarding, computer, internet application skills PCFS Loan Manager experience Ability to work with excel, PowerPoint and Financial Spreading in Spark Abilities to perform basic credit assessments and analysis.   Compensation: Base Salary: $75,000/year (based on experience and qualifications) Full-time position   Physical Requirements:  Must be able to pass post-offer drug screening and background check   Benefits Velocity Vehicle Group Offers:  Fantastic Culture  401k + match  Health, Dental & Vision Insurance + HSA & FSA  Employer paid Life Insurance  Paid Vacation Days  Sick Leave  Company perks such as employee discounts, company events and training programs  Excellent Training and Career Advancement Opportunities    Velocity Vehicle Group is an equal opportunity employer. Velocity Vehicle Group prohibits discrimination and harassment of any type and affords equal employment opportunities to employees and applicants without regard to race, color, religion, sex, sexual orientation, gender identity or expression, pregnancy, age, national origin, disability status, genetic information, protected veteran status, or any other characteristic protected by law.