SBA Workout & Liquidation Manager

$80,000 - $120,000/Yr

Lending Club - San Francisco, CA

Full-time - Mid Level

Hybrid - San Francisco, CA

Credit Intermediation and Related Activities

About the position

A leading nationwide small business lending group seeks a dynamic individual for a SBA Workout & Liquidation Manager. This position is responsible for the ongoing monitoring of problem loans in the SBA portfolio, to maximize recovery to the Bank and SBA through prudent implementation of workout and liquidation strategies to mitigate loss. The position will report to the Senior Director of Commercial Credit.

Responsibilities

• Develop and execute timely workout action plans and effective follow up plans.
• Direct legal actions, bankruptcy, foreclosure, judgment processes, and repossession actions according to Bank policy and SBA SOP.
• Manage partnership with third party legal and valuation agents for specialized services.
• Conduct periodic credit review on problem loans in the portfolio, assign risk ratings & coordinate independent loan review by external auditors.
• Maintain all loan monitoring, loan servicing, repurchase guaranty and litigation documents. Support regulatory exams.
• Provide quantitative & qualitative input to the loss forecasting team for allowance for credit loss (CECL).
• Collaborate for timely and accurate completion of all Credit Committee, Board and regulatory reporting from a credit risk perspective.
• Formulate and actively maintain credit policy practices and standard operating procedure manuals, ensuring consistency with bank guidelines and regulations.
• Provide independent review & credible challenge of credit extension proposals in the Small Business Lending segment.
• Collaborate with cross-functional partners in the development of, and delivery against annual operating and strategic plans.

Requirements

• 5+ years of work experience in workouts and liquidations, with emphasis in Small Business Administration (SBA) lending programs.
• Bachelor's degree in a quantitative discipline (finance, economics); or equivalent work experience.
• Knowledge of SBA SOP; SBA 7-Tab Repurchase Package, 10-Tab Guaranteed Package, and SBA Wrap Up Report.
• Thorough knowledge of bankruptcy, workout, UCC, litigation, foreclosure of personal and real property and disposition of collateral.
• Line of business functional practitioner with domain knowledge in commercial lending, sound credit judgment, keen understanding of financial statements.
• Effective collaborator, negotiator, and team player with a versatile interpersonal style.
• Effective verbal and written communication skills.
• Strong analytical and problem-solving skills.

Benefits

• Medical, dental and vision plans for employees and their families
• 401(k) match
• Health and wellness programs
• Flexible time off policies for salaried employees
• Up to 16 weeks paid parental leave
• Bonus based on company performance, employee performance and eligible earnings
• Equity options