Sba Liquidation Specialist - Fort Lauderdale, United States - iBusiness Funding

iBusiness Funding

Verified Company

Fort Lauderdale, United States

3 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

iBusiness Funding is a technology company focused on our mission to provide working capital to small and medium sized businesses in an efficient and transparent manner.

We are committed to our four values of success:
innovation, integrity, enjoyment, and family.

Our parent company is a top 15 SBA 7(a) preferred lender with SBA express and small loan capabilities.

Position Description:

The SBA Liquidation Specialist is responsible for servicing all stages of problem loans in the liquidation and Real Estate Owned portfolio primarily related to SBA Lending.

This position requires knowledge of the Standard Operating Procedures for SBA 7(a) lending (SBA SOP) and experience associated with SBA loans in workout/troubled loans scenarios requiring intense resolution.

This role will oversee the development of liquidation plans, litigation plans, settlements, and the overall liquidation of all collateral. Prior SBA servicing/liquidation experience is required.

The SBA Liquidation Specialist's responsibilities include:

Perform wide range of responsibilities for troubled loans in various work out stages (post default);
Oversees the development of workout plans with borrowers to mitigate credit loss;
Assist with the preparation of liquidation packages such as Universal Purchase Package (UPP) and Chargeoff Package (Wrapup);
Work with debtors to determine appropriate workout options;
Tracks loans in repurchased status for confirmation of chargeoffs;
Ability to think critically, solve problems, and maximize recoveries while maintaining a comprehensive understanding of bank compliance and legal standards;
Help with Disposing/liquidating collateral and bank owned real estate;
Work with the legal team to properly prepare litigation plan and file appropriate legal actions as needed;
Prepare status and quarterly reports for loans in credit resolution as needed;
Responsible for monitoring and updating SBA monthly/quarterly reports for loans in repurchase status;
Administer loans in chargeoff and bankruptcy status;
Prepare and manage bankruptcy filings with legal counsel as needed;
Able to perform tasks of loans in all loan workout, liquidation, and active foreclosure stages;

Other Job Duties and Responsibilities:

Responsible for staying apprised of changes to the SBA SOP to ensure compliance with the most current requirements;
Keep up to date on Lender policies, SBA policies, and laws and regulations that govern commercial lending;
Communicate effectively with coworkers, other employees, vendors, legal counsel, and SBA personnel;
Must be organized and detail oriented;
Other job duties as assigned to assure team effectiveness;

Qualifications for Success:

Bachelor Degree (preferred)
Experienced in loan workouts and credit resolution 5 years (required)
Commercial lending experience (required)
SBA liquidation experience (required)
Advanced knowledge of bank systems, compliance, and regulatory standards
Excellent analytical skills
Excellent communication skills
Excellent ability to coordinate across multiple teams and departments
Strong organizational skills
Ability to learn quickly and adapt to new SBA and process changes
Ability to stay on top of deadlines

Physical Demands:

The physical demands of the position are typical of those found in a traditional office environment. Employees will not need to walk significant distances nor lift substantial weight. Employee will need to be able to remain seated at a desk for 8-9 hours in a typical workday.

Conclusion:

This job description is intended to convey information essential to understanding the scope of the job and the general nature and level of work performed by job holders within this job.

This job description is not intended to be an exhaustive list of qualifications, skills, efforts, duties, responsibilities or working conditions associated with the position.