SBA Servicing Closer

About the Role

Responsible for reviewing and/or negotiating Commercial Real Estate (CRE) loan documents while protecting the bank’s interest, and managing a loan portfolio from the time the loans are approved until pay-off or maturity. A typical loan portfolio may include construction and term loans, unsecured and secured borrowing base lines of credit, subscription lines, and various other complex loan products.

Partners with Relationship Managers as the primary liaison with customers, attorneys, construction consultants, and title company representatives during all phases of financing and closing.

Qualifications

• Bachelor’s degree, or equivalent work experience
• Typically two to three years of experience in commercial real estate loan administration, OR at least five years of transferable experience in commercial loan administration

Skills & Experience

• Basic knowledge of commercial real estate lending, including letters of credit, tax credit transactions, borrowing base lending, multi-phased construction, and transactions secured by multiple collateral properties
• Technical expertise in closing and loan management functions
• Basic knowledge of commercial real estate finance, law, documentation, accounting, and data systems
• Ability to meet the requirements to be commissioned as a Notary Public

Benefits

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Pay

Salary range: $68,850.00 - $81,000.00 (reflects figures based on the primary location; actual range may differ based on role location). In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase, and 401(k) contribution and pension (all benefits are subject to eligibility requirements).