Join Our Team as an SBA/USDA Portfolio Manager.
We are thrilled to announce a new collaboration with a financial institution and are looking for a seasoned SBA/USDA Portfolio Manager. As an expert in SBA/USDA Standard Operating Procedures (SOP), you will be instrumental in managing our bank's SBA/USDA portfolio, focusing on operational efficiency, compliance, and portfolio growth. This pivotal role offers the chance to make impactful decisions in the administration and servicing of SBA and USDA loans.
Job Summary
In the role of SBA/USDA Portfolio Manager, you will oversee the daily management of our Guaranteed Government Loans (GGL) portfolio. This includes underwriting, servicing, collections, and liquidation of SBA and USDA-guaranteed loans. You will ensure all activities comply with bank policies and federal and state regulations, while providing timely, competitive loan solutions tailored to our borrowers' needs.
Key Responsibilities
- Loan Underwriting & Administration: Oversee the underwriting of new SBA-guaranteed term loans, ensuring adherence to bank standards and government regulations.
- Portfolio Management: Manage the ongoing administration of the GGL portfolio, including annual loan reviews, portfolio renewals, and collections management.
- Risk & Compliance Oversight: Monitor and maintain compliance with SBA SOP 50-57, SBA , USDA regulations, and all applicable state and federal laws.
- SBA & USDA Guaranty Process: Manage the SBA and USDA guaranty liquidation process, protecting the bank's interests throughout the loan lifecycle.
- Loan Workouts & Liquidations: Lead loan workouts, including collateral liquidation and other recovery actions, to mitigate risk and maximize asset recovery.
- Team Leadership & Training: Mentor and train team members, sharing expertise in SBA and USDA policies, procedures, and best practices.
- Reporting & Analysis: Compile and distribute detailed loan management reports (weekly, monthly, quarterly, annual), providing insights into portfolio performance and risk.
- Servicing & Customer Support: Assist borrowers with loan servicing actions, ensuring all requirements are met while adhering to bank, SBA, and USDA policies.
Essential Qualifications
- 5 years of experience in SBA and USDA servicing, liquidation, and special assets management.
- Strong expertise in SBA and USDA loan programs, with deep knowledge of SBA SOP 50-57, SBA , and USDA regulations.
- Proven track record in SBA underwriting and portfolio administration, with a focus on loan servicing and collections.
- In-depth understanding of loan covenant compliance, risk ratings, and the ability to assess borrower creditworthiness and repayment capacity.
- Experience in managing complex SBA & USDA portfolios with an ability to identify and mitigate risk while ensuring compliance and maximizing loan performance.
- Strong communication and leadership skills, with the ability to mentor and train staff effectively.
Why Join Us?
- Be part of a dynamic team at the forefront of SBA/USDA lending.
- Work in a collaborative, innovative environment with ample opportunities for professional growth.
- Competitive salary and comprehensive benefits package.
How to Apply
To be considered for this exciting opportunity, please submit your resume highlighting the required qualifications and experience. For more information or to discuss this opportunity further, contact Steven Jackson at or email .
All qualified applicants will receive consideration without regard to race, age, color, sex (including pregnancy), religion, national origin, disability, sexual orientation, gender identity, marital status, military status, genetic information, or any other status protected by applicable laws or regulations.
GPAC (Growing People and Companies) is an award-winning search firm specializing in placing quality professionals within multiple industries across the United States since 1990. We are extremely competitive, client-focused and realize that our value is in our ability to deliver the right solutions at the right time.