Magnifi Financial · 5 days ago
SBA Account Officer
Sartell, MN
Full-time
Onsite
Senior Level, Lead/Staff
$89K/yr - $134K/yr
8+ years expMagnifi Financial is a member-owned organization focused on enhancing the lives of its members and community. They are seeking an SBA Account Officer responsible for structuring, facilitating approval of, and closing SBA loans while maintaining excellent communication with borrowers and referral partners.
BankingFinancial ServicesWealth Management
Responsibilities
Contributes to the overall production, portfolio performance and reputation of Magnifi Financial while striving to meet or exceed individual goals
Oversees the SBA loan sales process while maintaining excellent communication between internal staff, borrowers, and referral partners, as applicable
Interviews existing and prospective members applying for medium and moderately complex SBA and other third party sponsored programs loans. Makes decisions within authority and provides recommendations or referrals when appropriate
Reviews financial information with borrowers (concerns, strengths, weaknesses)
Works with staff to complete credit presentations, financial analysis and risk ratings on existing and prospective credits
Responsible for preparation of commitment letters and adverse action documentation
Performs loan closings with borrowers, ensuring all paperwork is properly completed and complies with legal regulations and the policies of Magnifi Financial
Assists the SBA Servicing Department with collections/negotiations on problem member commercial loans
Keeps abreast of the SBA rules and regulations along with loan policies of Magnifi Financial
Understands and remains knowledgeable on the products and services offered by Magnifi Financial, including but not limited to deposit products, cash management services and other loan products
Uses the sales process to identify and recommend Magnifi Financial products and services to members based on financial need, as appropriate. Makes referrals to appropriate departments
Assists in marketing efforts (via outbound call lists, etc.) as necessary
Assists in training and mentoring less experienced staff
Actively participates in community relations efforts to contribute to the mission and visibility of Magnifi Financial. Ensures positive relationships with members, community leaders and businesses
Qualification
Required
Bachelor's degree in Business, Sales or Finance, or equivalent experience
Eight years of lending or credit experience in a financial institution; or equivalent knowledge and skills gained from related work experience
Five years of experience working with SBA loans, as well as community development lending, traditional and alternative loan programs
Benefits
Opportunities for Training and Development
Leadership Development
Job Level Advancement (ability to move up in your position through training and development)
Tuition Reimbursement
32 Hours Volunteer Paid Time Off
Paid Time Off – Begins accruing upon date of hire for a total of 4 weeks per year for FT; prorated for PT
Medical
Dental
Vision
Employer paid Life Insurance/AD&D
Employer paid Disability Insurance
Retirement Plan - Employer match up to 4%, eligible for annual profit sharing
Paid Parental Leave
Bonus/Incentive Program
Employee Engagement/Health and Wellness Programs
Company
Magnifi Financial
Magnifi Financial is a member-owned financial services cooperative headquartered in Melrose, Minnesota.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
jerry cross
President/CEO
Brent Lundell
VP SBA CBO II
Recent News
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