SBA Specialized Loan Analyst

Company: Comerica
Location: Livonia
Posted on: May 8, 2022

Job Description:

Welcome!We invite you to explore the award-winning culture, people, rewards and opportunities that make Comerica Bank so special. Make your next career choice a confident one.QualificationsPosition Qualifications:High School Diploma or the equivalent3 years of college level accounting courses OR related experience2 years of experience in commercial loan processing/servicing2 years of experience with Excel and WordJob DescriptionSBA Specialized Loan AnalystThe SBA Specialized Loan Analyst is responsible for the set-up and maintenance of all Small Business Administration (SBA) loan processing functions, including analyzing and organizing new accounts, complex notes and renewals. The SBA Specialized Loan Analyst is responsible for the application of all Payroll Protection Plan (PPP) loans payments and payoff application as well as any maintenance that is required. The SBA Specialized Loan Analyst is responsible for the Colson/Guide House 1502 Monthly Reporting as well as any other duties as assigned by management.Position CompetenciesSuccessful incumbents possess Comerica's Core Values of: Customer-Centricity, Collaboration, Excellence and Integrity. This candidate will also exhibit a high focus on Listening, Problem Solving, Drive for Results, Business Acumen and Prioritization.Position Responsibilities:Maintain both contractual and book record per Bank policy.Review various reports to ensure accuracy on accruals and adjustments.Review and evaluate complex documentation.Process various types of principle, fees and interest payments collected from customer.Determine various systematic ways to accommodate difficult loans accurately and efficiently.Review and analyze complex loan agreements.Train and provide guidance to Loan Processors.Monthly SBA Reporting Requirements.Daily reconciliation of various General Ledger Accounts as needed/required.Cross training within other areas of the department.As well as any other duties as assigned by management.Work Hours8:00am - 5:00pm Monday - FridayWork Location(s)Livonia Operations CenterAbout ComericaWe know that our employees are critical to our overall success. We are dedicated to investing in their future to maintain long-term relationships for lasting commitments. One of the ways we do this is to offer a comprehensive package of compensation and benefits programs which are regularly reviewed to maintain them at competitive levels. Your salary will be commensurate with your work experience.Upon offer, Comerica conducts a comprehensive background and fingerprint check.NMLS certification requirement: where applicable, a favorable background check screening, credit check, fingerprint check, and NMLS certification is required in accordance with the SAFE Act.Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned by the Business Bank, the Retail Bank, and Wealth Management. Comerica's more than 9,000 colleagues focus on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.

Keywords: Comerica, Livonia , SBA Specialized Loan Analyst, Professions , Livonia, Michigan