SBA Closer/Commercial Real Estate Admin

at  US Bank National Association

Philadelphia, PA 19102, USA -

Start DateExpiry DateSalaryPosted OnExperienceSkillsTelecommuteSponsor Visa
Immediate21 Jan, 2025USD 83710 Annual21 Oct, 20245 year(s) or aboveCredit,Escrow,Documentation,Real Estate LendingNoNo
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Description:

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

JOB DESCRIPTION

Responsible for reviewing and/or negotiating Commercial Real Estate (CRE) loan documents, while protecting the bank’s interest, and providing management of a loan portfolio from the time the loans are approved until pay-off or maturity. In addition to construction and term loans, a typical loan portfolio may include unsecured and secured borrowing base lines of credit, subscription lines, and various other complex loan products. Partners with Relationship Managers as primary liaison with customers, attorneys, construction consultants and title company representatives, during all phases of financing and closing.
This active posting is for an SBA Closer/Commercial Real Estate Admin 11 & SBA Closer/Commercial Real Estate Admin 12. Below are the basic qualifications and preferred experience for each level of role. Your level of experience will be reviewed and matched to the appropriate job level.

BASIC QUALIFICATIONS

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

PREFERRED SKILLS/EXPERIENCE

  • SBA closing experience preferred
  • Knowledge of title and escrow
  • Experience with E-Tran
  • Thorough 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
  • Demonstrated ability to close commercial real estate loans and manage a commercial real estate loan portfolio
  • Thorough knowledge of commercial real estate finance, law, documentation, accounting and data systems
  • Ability to meet the requirements to be commissioned as a Notary Public

BASIC QUALIFICATIONS

  • Bachelor’s degree, or equivalent work experience
  • Typically five to seven years of experience in commercial real estate loan administration

PREFERRED SKILLS/EXPERIENCE

  • SBA closing experience preferred
  • Knowledge of title and escrow
  • Experience with E-Tran
  • Thorough 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
  • Demonstrated ability to close commercial real estate loans and manage a commercial real estate loan portfolio
  • Thorough knowledge of commercial real estate finance, law, documentation, accounting and data systems
  • Ability to meet the requirements to be commissioned as a Notary Public
    If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

Responsibilities:

  • 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 la


REQUIREMENT SUMMARY

Min:5.0Max:7.0 year(s)

Real Estate/Mortgage

Accounts / Finance / Tax / CS / Audit

Real Estate

Graduate

Proficient

1

Philadelphia, PA 19102, USA