SBA Loan Closing Coordinator

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving.

We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.

SBA Closing Coordinator is part of the Old National Bank SBA Group and is responsible for reviewing, documenting, closing, and disbursing financings for complex Commercial, commercial real estate OR asset-based financings for SBA loans. Functions include reviewing the most complex legal, appraisal, and title information, preparing loan documentation, coordinating loan closings, initiating loan disbursements and monitoring the disbursement process, and ensuring that all files and procedures are in compliance with government regulations and company policies. Reviews and books agent syndication loans as well as loans prepared by outside counsel. Identifies and mitigates risk in accomplishing business goals. May provide technical and legal guidance to lower level staff. May act as a liaison with relationship managers and legal department.

Salary Range

The salary range for this position is $26.00/hr. - $42.25/hr.. The base salary indicated for this position reflects the compensation range applicable to all levels of the role across the United States. Actual salary offers within this range may vary based on a number of factors, including the specific responsibilities of the position, the candidate's relevant skills and professional experience, educational qualifications, and geographic location.

Key Accountabilities

Responsible for reviewing loan file and determining due diligence and documentation required close and fund the loan
• Order and review third party reports including title work, UCC searches, IRS 4506, corporate entity searches
• Review loan approval documents and determine steps needed to close loan in accordance to Bank and SBA policies
• Work directly with client, Lender, attorneys and team to resolve due diligence issues prior to loan closing
• Document loan and prepare loan packages. Coordinate loan closing with Lender and client.
• Post-closing responsibilities include proper booking of loan, disbursement of all loan proceeds in accordance the SBA guidelines, ensuring all liens are perfected, following up on title policy, ensuring that loan file is fully documented and in order.
• Ensure timely resolution of any Quality Assurance items identified in Loan Reviews
• Maintain proficiency in SBA SOP requirements and Bank policies

Key Competencies for Position:

Delights Clients - Continuously seeks and applies knowledge leading a best-in-class client experience:

• Passionately serves internal/external clients with excellence
• Maintains a growth mindset staying current with developments and trends in areas of expertise influencing client satisfaction both internally and externally
• Understands data, metrics and/or financial information, and how they tie to client satisfaction and business outcomes related to position, client and/or team
• Nurtures client relationships by listening, prioritizing, and acting responsibly to meet client needs, mitigate risk and add shareholder value

Makes Decisions & Solves Problems - Seeks deeper understanding and acts:

• Takes ownership of the problem while collaborating with others on a resolution with an appropriate level of urgency
• Collaborates and seeks to understand the root causes of problems
• Evaluates the implications of new information or events and recommends solutions using decisions that are sound based on what is known at the time
• Takes action that is consistent with available facts, constraints and probable consequence

Compelling Communication - Openly and effectively communicates with others:

• Effectively and transparently shares information and ideas with others
• Tailors the delivery of communication in a way that engages the audience and that is easy to understand and retain
• Unites others towards common goal
• Asks for others' opinions and ideas and listens actively to gain their support when clarifying expectations, agreeing on a solution and checking for satisfaction

Strategy in Action - Build your strategic mindset capability:

• Breaks down larger goals into smaller achievable goals and communicates how they are contributing to the broader goal
• Actively seeks to understand factors and trends that may influence role
• Anticipates risks and develops contingency plans to manage risks
• Identifies opportunities for improvement and seeks insights from other sources to generate potential solutions
• Aligns activities to meet individual, team and organizational goals

Qualifications and Education Requirements

• Bachelor's Degree strongly preferred and/or H.S. Diploma or GED with equivalent experience
• Prior Commercial loan processing experience, SBA preferred
• Thorough and deep demonstrated understanding and knowledge of SBA 7a guaranteed loan program requirements
• Excellent written and oral communication skills; able to communicate effectively with all levels in and outside of the organization
• Demonstrated willingness to learn, implement feedback and act.
• Demonstrated ability to develop strong working relationships with clients and internal partners
• Demonstrated client service experience required (phone and face-to-face); track record of client interactions and proactive solution development
• Ability to work with multiple matters simultaneously, managing time in a fast-paced environment and applicable resources to ensure work is completed efficiently and within established timeframes; manage projects efficiently and effectively
• Strong problem-solving and critical thinking aptitude; thorough and timely follow-up skills with the ability to make independent decisions based on researched conclusions
• Methodical thinker and well organized with excellent time management skills
• Client focused disposition
• Thrive in both working independently and in a close, collaborative team environment

Key Measures of Success/Key Deliverables:

• Mastery of SBA SOP Guidelines
• High attention to detail, in a fast-paced, high-production professional environment exhibiting strong problem-solving and communication skills.

Role may also be a Senior - this position may be filled at a different level depending on the candidate's qualifications and relevant experience. Factors may include but are not limited to: previous experience (SBA), depth and breadth of previous or current institution size - the same role for many years or a variety of roles in the same space over a number of years, skills, knowledge, previous performance and success factors, proven ability to achieve performance expectations consistently both effectively and efficiently, education, length of time in Commercial/SBA industry.

Old National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles.

As such, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law.

We do not accept resumes from external staffing agencies or independent recruiters for any of our openings unless we have an agreement signed by the Director of Talent Acquisition, SVP, to fill a specific position.

Our culture is firmly rooted in our core values.

We are optimistic. We are collaborative. We are inclusive. We are agile. We are ethical.

We are Old National Bank. Join our team!