SBA Closer 1

Position Title: SBA Closer 1

Business Unit: Commercial Banking

Reports to: SBA Closing Manager

Position Overview:

This position is primarily responsible for serving as the internal and external liaison between the department, third party vendors, attorneys and customers related to all loan closing issues.

Primary Responsibilities:

Prepares legal and credit files, SBA loan application packages and obtains all required signatures, prepares, submits and coordinates with SBA the issuance of an SBA loan number and prepares SBA authorization. Insures payment of SBA Guaranty Fee in the SBA required time frame.

Evaluates third party vendor documentation such as Uniform Commercial Code (UCC) and lien and flood searches. Review articles and by-laws as well as partnership and LLC agreements. Verifies appropriate lease terms. Obtains and reviews escrow instructions (if applicable).

Gathers final estimates/budgets for construction project and leasehold improvements. Ascertains insurance requirements. Handles DMV transactions (if applicable). Verifies cash injections. Verifies eligible funding via joint-payee checks on capital expenses.

Recognizes and proactively resolves potential problems in the loan closing process. Prepares documentation request form for submittal to documentation unit or outside Bank counsel and reviews documents upon receipt to insure conformance with Bank and SBA approval and conditions.
Coordinates and schedules document execution with all parties as appropriate. Reviews executed closing documents to insure all required signature, notaries, and /or witness signatures are properly completed. Prepares and coordinates loan funding with Loan Operations. Opens title and orders preliminary title report, as appropriate.

Maintains expense log for each loan and reconciles with deposit received by Bank.

Performs other related duties and projects as assigned.

All employees have the responsibility and the accountability to serve as risk managers for their businesses by understanding, reporting, responding to, managing and monitoring the risk they encounter daily as required by F.N.B. Corporation's risk management program.

F.N.B. Corporation is committed to achieving superior levels of compliance by adhering to regulatory laws and guidelines. Compliance with regulatory laws and company procedures is a required component of all position descriptions.

Minimum Level of Education Required to Perform the Primary Responsibilities of this Position:

High School or GED

Minimum # of Years of Job Related Experience Required to Perform the Primary Responsibilities of this Position:

3

Skills Required to Perform the Primary Responsibilities of this Position:

Excellent communication skills, both written and verbal

Excellent customer service skills

Excellent organizational, analytical and interpersonal skills

Detail-oriented

Ability to work and multi-task in a fast paced environment

Ability to use a personal computer and job-related software

MS Word - Intermediate Level

MS Excel - Intermediate Level

Knowledge of commercial loan closing requirements and processes with an emphasis on SBA preferred. Paralegal training and/or experience a plus.

Licensures/Certifications Required to Perform the Primary Responsibilities of this Position:

N/A

Physical Requirements or Work Conditions Beyond Traditional Office Work:

N/A

Equal Employment Opportunity (EEO):

It is the policy of F.N.B. Corporation (FNB) and its affiliates not to discriminate against any employee or applicant for employment because of age, race, color, religion, sex, national origin, disability, veteran status or any other category protected by law. It is also the policy of FNB and its affiliates to employ and advance in employment all persons regardless of their status as individuals with disabilities or veterans, and to base all employment decisions only on valid job requirements. FNB provides all applicants and employees a discrimination and harassment free workplace.