Are you a believer and supporter of enriching your community?
If you are, this is the perfect opportunity to join Beneficial State Bank as we revolutionize our local communities thru our outstanding triple bottom line approach toward economic justice, social sustainability and profitability.
About Beneficial State Bank
Beneficial State Bank is not your usual type of bank. Our goal is to change the banking system for the good for all people! We are a triple bottom line B Corp who believes in putting our people #1, the planet #2, and profit #3. Profits from our bank go to our non-profit foundation and given back to the community. We are the change-agent and empowerment to other businesses and nonprofits to become change-agents in delivering meaningful social justice and environmental outcome in the communities we serve.
Our MISSION is to build prosperity in our communities through beneficial banking services delivered in an economically and environmentally sustainable manner.
Our VISION is of a banking industry that is fair to the person with the least bargaining power; provides access to financial services for all our communities, particularly the traditionally underserved; results in the long-term prosperity of responsible consumers; promotes financial system stability; and contributes to the sustainability of the environmental commons. We call this vision, beneficial banking.
The Senior SBA/Commercial Loan Processor is responsible for primarily SBA related loan operations activities including loan documentation, production and maintenance of collateral & credit files, collateral filing and control, tickler entry and follow-up, loan system reporting, loan inquiry and problem resolution in support of lenders, customers and branch personnel.
Duties and Responsibilities
•Identifies and recommends new methods and procedures or revisions to existing procedures which will streamline processes or resolve problems and ensure customer satisfaction
•Sr. SBA Loan/Commercial Processor will be processing, documenting and closing primarily SBA related loans; however, will be involved with a wide range of commercial loan types including, but not limited to, commercial real estate, multi-family, lines of credit, letters of credit, participation, SBA, 504 and USDA
•Reviews commercial documentation requests to ensure Bank policy and procedures will be followed and ensures proper approval is in hand prior to documenting loan
•Based on collateral type, orders and obtains required data and secures collateral with escrow and title companies; obtains all insurance as appropriate, inclusive of flood determination and insurance when required
•Ensures for accuracy of business name with Corporate Commissioner’s online sites; verifies Title and UCC lien position; and obtains all other information required for proper document preparation from lender or other agency
•Works closely with all parties to resolve any issues and ensure a successful loan closing including engagement of bank counsel when necessary
•Reviews loan application for SBA eligibility, processes PLP application and works through any issues to obtain PLP approval, processes SBA fee and assists loan servicing and portfolio managers with monitoring of SBA loans
•Prepares and maintains commercial loan credit and collateral files online and hard copy according to specific loan requirements and bank policy
Requirements and Qualifications
•Bachelor’s degree from a four-year college or equivalent work experience
•5+ years of previous SBA Commercial Loan Processing and Documentation
•Strong knowledge of SBA SOPs and Eligibility requirements
•Strong knowledge of Harland Laser Pro system
•Demonstrated excellent knowledge of loan documentation requirements for SBA, Commercial C&I, and Real Estate loan products
•Strong understanding of compliance regulations pertaining to lending and general banking
•Computer literacy in MS applications: Word and Excel
•Strong written and verbal communication skills
•Basic understanding of accounting principles
Our Benefit Package
We focus on the total team member at Beneficial State Bank and we promote a work-life balance for our employees by offering a competitive benefit package which includes:
•Generous Paid Time Off
•Employee’s Market Place
•Adoption Assistance Program
•Matching 401(K) contribution
•Employee Assistance Program
•Up to 4 weeks of paid vacations
•Short- and Long-Term Disability
•Additional paid time off for illness
•Pre-Tax Flexible Spending Account
•Banking products and discounted rates
Beneficial State bank is an affirmative action and equal opportunity employer. Qualified applicants will receive consideration for employment regardless of race, color, religion, sex, national origin, sexual orientation, gender identity, disability or veteran status.
For more information, follow Beneficial State Bank at the listed sites below:
We believe that money should serve people, not the other way around. So we’re building a better future with our customers by building a better banking system: Beneficial Banking. The future we’re creating together will strengthen our local communities, improve quality of life for each of us, and be reflected in widespread gains in social equity and environmental renewal.
Beneficial State Bank (...Beneficial State) is a State Chartered Bank, regulated by the Department of Business Oversight (DBO), the FDIC and the Federal Reserve Bank. Chartered in 2007 under a unique foundation ownership model, Beneficial State Bank has local branches in CA, OR and WA. We offer checking, saving, loans, credit cards, online and mobile banking and everything else you’d expect from a bank — but we exist to serve your prosperity and goals, not to profit from them.
With a truly unique ownership structure, any profits distributed flow into the Beneficial State Foundation, a public charity mandated by our bylaws to invest in low-income communities and the natural environment. We are proud to be a certified B Corporation, which means we prioritize people, the planet and profit equally.