Essential Responsibilities:
- Independently manage and service a portfolio of assigned loans.
- Determine whether proper course of action is permitted by the SBA in accordance with SOP guidelines, Federal regulations, and the Bank’s SBA policy.
- Elevate loans up to 60 days where debt will not be recouped to the appropriate internal business unit.
- Responsible for member service telephone calls and inquiries.
- Log, assign and track all received requests.
- Review credit reports and other documents affecting repayment ability or payment of SBA loan guarantee.
- Prepare and submit deferments for review and approval.
- Retrieve credit file.
- Exercise decision making and authority to minimize organizational risk by leveraging operational controls.
- Contribute to organizational projects and improvement initiatives.
- Reconcile misapplied payments.
- Ensure mitigation strategies have been taken to collect and resolve debts.
- Prepare monthly status reports.
- Conduct a thorough review of loan collateral and recommend the appropriate course of action to secure or dispose.
- Document servicing file with recommendation.
- Complete member requests such as multi-funding, not including construction.
- Adheres to applicable federal laws, rules, and regulations including those related to Anti-Money Laundering (AML) and the Bank Secrecy Act (BSA).
- Other duties as assigned.
Minimum Required Skills & Competencies:
- Bachelor’s degree in business administration or related field or equivalent banking experience.
- Minimum of 3 - 5 years’ servicing or underwriting experience, preferably with SBA loans.
- SBA standard operating procedure knowledge required.
- Jack Henry, E-Tran, and Capital Access Financial System experience are preferred.
- Working knowledge of industry regulations and legislative guidelines.
- Comprehensive understanding of SBA lending, operations activities, products, and services.
Desired Skills & Competencies:
- Ability to resolve issues, work independently, and meet deadlines.
- Basic knowledge of bank administration, lending and operations products and services, related State and Federal laws and regulations and other Bank operational policies and procedures.
- Excellent verbal and written communication skills.
- Proficient in Microsoft Office Suite or related software.
- Excellent organizational skills and attention to detail.
- Excellent analytical and management skills.
- Excellent interpersonal skills.
Physical Requirements:
- Express or exchange ideas by means of the spoken word via email and verbally.
- Exert up to 10 pounds of force occasionally, use your arms and legs, and sit most of the time.
- Have close visual acuity to perform activities such as analyzing data, viewing a computer terminal, reading, and preparing documentation.
- Not substantially exposed to adverse environmental conditions.
- The physical demands described here are representative of those that must be met by an employee to successfully perform the essential responsibilities of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform essential responsibilities.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.
Skills Required
- Bachelor's degree in business administration or a related field, or equivalent banking experience
- 3–5 years of loan servicing or underwriting experience, preferably with SBA loans
- Knowledge of SBA standard operating procedures
- Working knowledge of industry regulations and legislative guidelines
- Comprehensive understanding of SBA lending, operations activities, products, and services
- Experience with Jack Henry, E-Tran, and Capital Access Financial System
- Knowledge of bank administration, lending and operations products and services, and state and federal laws and regulations
- Excellent verbal and written communication skills
- Proficiency with Microsoft Office Suite or related software
- Excellent organizational skills and attention to detail
- Excellent analytical and management skills
- Excellent interpersonal skills
- Ability to resolve issues, work independently, and meet deadlines
TowneBank Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about TowneBank and has not been reviewed or approved by TowneBank.
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Leave & Time Off Breadth — PTO, all federal bank holidays, and an extra birthday day off are highlighted, with paid parental leave also offered. Time off can be used for vacation, illness, caregiving, bereavement, and birth/adoption for both full- and part-time staff.
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Wellbeing & Lifestyle Benefits — Wellness initiatives include on-site screenings, fitness-club reimbursement, virtual fitness and mindfulness classes, and various employee discounts. An Employee Assistance Program and wellness resources support everyday wellbeing.
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Retirement Support — A 401(k) with employer contributions through Principal and retirement planning tools are provided. A standard match with full vesting over five years is noted.
TowneBank Insights
What We Do
Founded in 1999, TowneBank is a company built on relationships, offering a full range of banking and other financial services, with a mission of serving others and enriching lives. Dedicated to a culture of caring, Towne values all employees and members by embracing their diverse talents, perspectives, and experiences. Today, the bank operates over 40 banking offices throughout Hampton Roads and Central Virginia, as well as Northeastern and Central North Carolina – serving as a local leader in promoting the social, cultural, and economic growth in each community. Towne offers a competitive array of business and personal banking solutions, delivered with only the highest ethical standards. Experienced local bankers providing a higher level of expertise and personal attention with local decision-making are key to the TowneBank strategy. Towne has grown its capabilities beyond banking to provide expertise through its controlled divisions and subsidiaries that include Towne Investment Group, Towne Wealth Management, Towne Insurance Agency, Towne Benefits, TowneBank Mortgage, TowneBank Commercial Mortgage, Berkshire Hathaway HomeServices Towne Realty, Towne 1031 Exchange, LLC, and Towne Vacations. NOTICE TO CONSUMERS REGARDING MARYLAND LENDER LICENSEES: TowneBank is licensed to engage in business as a Maryland Mortgage Lender and assigned a unique NMLS identifier number: 512138. The NMLS Consumer Access Website is linked here: www.nmlsconsumeraccess.org Interested in joining the Towne Family? Available positions are listed at www.townebank.com/careers. TowneBank and its affiliate companies support a diverse workforce and are Equal Opportunity Employers who do not discriminate against individuals on the basis of race, color, religion, national origin, age, sex (including pregnancy and gender identity), genetics, sexual orientation, disability, veteran status or other classification protected by law.








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