Legal Staff Paralegal in Richmond, VA

In-House

Richmond, VA

Legal Staff Paralegal in Richmond, VA

Legal Staff

5-5 yrs required

No

Job Title: Senior Associate, SBA Loan Documentation & Closing Specialist

Job Responsibilities:
- Coordinate loan closings, prepare and review loan documents, and ensure all loan documents are accurately prepared in accordance with Bank policy and regulatory requirements.
- Prepare complex commercial loan documents using in-house and third-party documentation software platforms for SBA Express, 7A, and 504 new loans, renewals, extensions, and modifications.
- Conduct lien searches and related due diligence tasks to resolve outstanding lien issues and deliver lien documents to designated vendors.
- Review loan documents prepared by other associates or outside counsel to ensure compliance with the Bank's loan policy, applicable banking regulations, applicable government-related Standard Operating Procedures (SOP), and any other requirements designated by the credit approval authority, and authorize the closing of such loans.
- Review organizational documents, appraisals, surveys, flood determinations & flood policies, and other third-party documents to ensure conformity with bank and/or SBA SOP standards.
- Analyze due diligence documentation and prepare necessary lien perfection documents to protect the bank's security interest in pledged collateral.
- Assist in identifying and clearing any exceptions within the appropriate time periods.
- Coordinate the issuance of letters of credit, including renewals and amendments.
- Interact with underwriters, relationship managers, customers, agent banks, attorneys, title companies, and insurance agents to ensure all conditions are met for closing.
- Instruct new associates and serve as a training resource for less experienced associates in the department.
- Manage a complex workload that includes multiple tasks and conflicting priorities.
- Remain current on all pending and proposed regulatory changes affecting compliance and attend seminars and workshops covering regulatory and compliance issues.
- Maintain expert knowledge of lending processes, loan principles, and terminology related to banking laws and regulations, as they pertain to loan disclosures and requirements.
- Maintain expert knowledge of commercial real estate loan documentation, collateral perfection, title insurance, UCC due diligence, compliance requirements, lending policies and procedures, and loan/funding terminology.

Education and Experience Information:
Basic Qualifications:
- At least 5 years of experience in Banking or Financial Services.
- At least 2 years of experience in SBA Loan Closing experience (Express, 7a, and 504).
- At least 2 years of customer service experience in a consumer, mortgage, or commercial lending support role.

Preferred Qualifications:
- Associates Degree or higher in Accounting or Finance.
- Business Management courses or paralegal certification.
- At least 5 years of experience in loan administration and documentation.
- At least 5 years of SBA Loan Closing experience (Express, 7a, and 504).
- At least 5 years of customer service experience in a consumer, mortgage, or commercial lending support role.

Salary Information:
The minimum and maximum full-time annual salaries for this role are:
- Plano, TX: $78,400 - $89,500 for Sr. Process Manager.
- Richmond, VA: $78,400 - $89,500 for Sr. Process Manager.

Candidates hired to work in other locations will be subject to the pay range associated with that location. The actual annualized salary amount offered to any candidate at the time of hire will be reflected solely in the candidate’s offer letter. This role is also eligible to earn performance-based incentive compensation, which may include cash bonuses and/or long-term incentives (LTI). Incentives could be discretionary or non-discretionary depending on the plan.