Job Description

SBA Banking Associate

We are seeking a meticulous and self-directed SBA Banking Associate to provide administrative management of a diverse loan portfolio. The SBA Banking Associate communicates effectively with the Lending Hub regarding management of loan portfolio and ensures client requests are promptly completed. The ideal candidate will have prior experience SBA packaging experience as well as knowledge in Commercial banking.

RESPONSIBILITIES:

• Serve as a secondary point of contact for prospective and existing SBA loan clients.
• Collect, organize, and review required documentation for SBA loan applications.
• Assist clients in completing SBA forms and lender applications.
• Coordinate with Lenders, Loan Administrators, clients, and outside agencies by performing a variety of customer service activities including responding to requests, researching discrepancies, and resolving issues.
• Track deal progress and ensure timely follow-up on outstanding items.
• Communicate loan status updates to clients and internal stakeholders.
• Maintain accurate client records in nSync and loan tracking systems.
• Help identify potential issues early and escalate as needed.
• Accurately searching lien positions to ensure banks priority from other financial institution.
• Manage internal/external requests and financial transactions within the term of the loan documentation, bank policies and procedures. Includes payments, wire transfers, payoffs, and collateral releases.
• Manage or maintain Letter of Credit report and other daily, month or quarterly reports as assigned.
• Manage, monitor and/or report activity related to denied/not approved loans, as assigned.

QUALIFICATIONS:

• 2-4 years of experience in SBA lending, commercial lending, business finance, or related fields
• Familiarity with SBA loan programs (7(a), 504, Express)
• Strong oral and written communication skills
• High attention to detail and knowledge of rules, regulations and policies relating to loan documentation
• Ability to manage multiple deals simultaneously
• Proficiency with nSync and Microsoft Office

PREFERRED QUALIFICATIONS:

• Experience working with SBA lenders, CDCs, or loan packaging firms
• Basic understanding of financial statements and tax returns
• Bachelor's degree in Business, Finance, Accounting, or related field
• Prior client-facing or sales support experience in financial services

SKILLS & COMPETENCIES:

• Client intake and needs assessment
• Deal coordination and pipeline management
• Clear written and verbal communication
• Time management and follow-through
• Problem identification and resolution
• Compliance awareness

ABOUT BRIDGEWATER BANK:

Picture yourself at one of the Twin Cities' best places to work, surrounded by people who challenge you, support you, and inspire you to be your best. Welcome to Bridgewater Bank.

We are on a mission to be the finest entrepreneurial bank in the Twin Cities. Like true entrepreneurs, we run fast and lean. We are in constant evolution and the runway for personal and professional growth is long. People are our strength, and that's why we've created and sustained an award-winning culture that promotes growth and celebrates the big and little wins along the way.

At the end of the day, we believe competitive salaries, top-tier benefits, a hybrid work model, and transparency into the business is a given. Working together toward something meaningful with people you enjoy, is just a bonus!

COMPENSATION & BENEFITS:

The typical annual base pay range for this role is between $63,700 - $70,000. Compensation may vary based on individual job-related knowledge, skills, expertise, and experience. This position is eligible for a discretionary annual incentive program driven by organization and individual performance.

Bridgewater Bank provides a broad offering of competitive benefits including (but not limited to):

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Parental leave
• 401(k) with employer match
• Paid vacation & paid holidays

PLEASE NOTE:

The above is intended to describe the general content of and requirements for this position. It is not to be construed as an exhaustive list of duties, responsibilities, or requirements. It is Bridgewater Bank's policy to promote equal employment opportunities. All personnel decisions, including, but not limited to, recruiting, hiring, training, promotion, compensation, benefits and termination, are made without regard to race, creed, color, religion, national origin, sex, age, marital status, sexual orientation, gender identity, citizenship status, veteran status, disability or any other characteristic protected by applicable federal, state or local law.

STATUS: Exempt

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