Fifth Third Bank GGL Loan Coordinator I. in FLORENCE, Kentucky
Fifth Third Bank is one of the top-performing banks in the country, with a heritage that spans more than 150 years. As The curious bank, we've staked our claim on looking at things differently, at being better listeners and at showing more commitment. This applies to our relationships with customers and employees alike.
We employ about 19,000 people, and what we offer is:
A chance for employees to build their future, with supportive career development and financial wellness programs.
An environment where we win together. We celebrate achievement and work collaboratively. We're also a two-time Gallup Great Workplace honoree.
An invitation to impact lives in a positive and lasting way. Everything we do is geared toward improving lives. That's fun and exciting.
It comes down to the fact that Fifth Third is a warm and caring place to with which to grow # as a customer or as a team member.
Credit/SAG, within Fifth Third Bank's Risk division, encompasses Commercial and Consumer Credit Risk along with our Special Assets Group. Independent from the lines of business, our team of Credit/SAG professionals are responsible for the overall credit r isk strategy, risk assessment and oversight of the portfolio of commercial and consumer loans originated by the various lines of business. Balanced financial risk taking through a clearly established risk appetite is accomplished through underwriting, app roval, monitoring and portfolio management of loans across the various lending disciplines.
The Special Assets Group supports the workout of loans with associated credit risks that have been classified at or above defined risk levels deemed too high for the bank to manage in a traditional portfolio. Together, these three departments support the Credit Risk Strategic Framework focused on creating competitive advantage through independent, forward looking and proactive thought leadership.
The GGL Associate Loan Coordinator I is responsible for coordinating the approval and closing of smaller, less complex SBA and other government guaranteed loans, including SBA 7a, Express, & 504 programs, USDA, and certain state collateral enhancementprograms (SSBCI). The GGL Associate Loan Coordinator I shall ensure assigned loans are processed in accordance with established policies and procedures including but not limited to packaging proposed credit requests for agency (SBA) approval, loanclosing and funding, and maintaining well organized loan files for internal and external audits. Prepares documentation required for the processing of SBA loans, reviews status of assigned loans to ensure progress is made on a timely basis, and assistsSBA Specialists in loan closings. Maintains the U.S. Small Business Loan Portfolio for the Bank, including reporting requirements to specific agencies. The GGL Associate Loan Coordinator I is responsible for assuring loan files are maintained inaccordance with U.S. SB
Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank#s risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.
ESSENTIAL DUTIES & RESPONSIBILITIES:
.Supports the GGL Senior Loan Administration Manager in the processing of SBA loans for agency (SBA) approval and loan closing for smaller, less complex loans.
.Completes all requirements of application packaging and closing requirements for assigned loans, including preparation, review, documentation and filing.
.Responsible for the preparation of the SBA Authorization on loans approved within the Bank's PLP authority, as well as ensuring all Authorization requirements have been met prior to loan closing.
.Coordinates the packaging and approval of SBA and other government guaranteed loans in conformance with SBA, USDA, and state specific standard operating procedures.
.Ensures assigned loans are closed and funded according to SBA guidelines as well as Bank's internal loan policies.
.Ensures that loans are processed according to outlined procedures for 1502 reporting.
.Ensures proper payment of guaranty fee to the U.S. SBA.
.Develops a working knowledge of all customers, businesses, and prospect opportunities.
.Responsible for all SBA loan document preparation including third party document coordination, completion and review.
.Collects and reviews all required collateral information.
.Maintain reporting on assigned loans regarding loan status, actions taken in loan processing, outstanding items needed for approval and/or loan closing, while offering solutions to clear obstacles in loan processing to meet customer deadlines.
.Other duties as assigned.
Fifth Third Bank is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.
MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:
.Bachelor's degree in accounting, finance or economics or equivalent experience.
.Minimum 1 year of packaging and closing experience in the SBA industry.
.Knowledge of the SBA (Small Business Administration) regulations a plus.
.Proficient in basic software applications such as Microsoft Word and Excel.