People Drive Our Success
Are you enthusiastic, highly motivated, and have a strong work ethic? If yes, come join our team! At Cathay Bank – we strive to provide a caring culture that supports your aspirations and success. We believe people are our most valuable asset and we proudly foster growth and development empowering you to achieve your professional goals. We have thrived for 60 years and persevered through many economic cycles due to our team members’ drive and optimism. Together we can make a difference in the financial future of our communities.
Apply today!
What our team members are saying:
Video Clip 1 (https://youtu.be/9G8tuCM0WxA)
Video Clip 2 (https://youtu.be/LdnIFqjGb0w)
Video Clip 3 (https://youtu.be/VETfDZ4kQjI)
GENERAL SUMMARY
Following established policies and department procedures, responsible for screening/interviewing SBA loan applicants, underwriting, closing, and servicing SBA Express, Cap Line, and EWCP, as well as SBA 7(a) , 504 loans and State guarantee program
ESSENTIAL FUNCTIONS
- Screening and Loan Pre-Qualification
- Conduct thorough initial assessments of SBA loan applicants, including evaluating their eligibility based on SBA and bank guidelines.
- Perform necessary field visits to gather firsthand knowledge of applicants’ businesses and operations.
- Financial Analysis and Documentation
- Collect and analyze detailed financial statements, including income statements, balance sheets, and cash flow projections.
- Spread financial statements into the bank’s financial analysis software to evaluate creditworthiness.
- Review and verify supporting documents, such as credit reports, appraisals, business plans, and personal guarantees.
- Loan Underwriting and Approval Presentation
- Prepare comprehensive SBA loan credit presentations (CCRs) that outline the risk analysis, loan structure, and repayment capacity.
- Present loan recommendations to the bank’s internal credit committee for approval, ensuring compliance with SBA policies and SOP 50 10 requirements.
- Loan Packaging and Submission
- Prepare detailed SBA loan packages, ensuring all required documentation and certifications are included.
- Submit complete packages to the respective US SBA Department for approval, maintaining open communication to address any follow-up requests.
- Portfolio Management
- Monitor and manage a portfolio of SBA loans, ensuring timely repayments, adherence to covenants, and resolution of any delinquencies.
- Identify potential risk exposures within the portfolio and recommend proactive solutions to mitigate risks.
- Loan Servicing and Closing Support
- Analyze and prepare SBA loan servicing requests, such as modifications, deferments, or extensions, in accordance with bank and SBA guidelines.
- Collaborate with the loan closing team to ensure timely and accurate loan disbursements while adhering to SBA requirements.
- Customer Relationship and Collections
- Maintain ongoing communication with borrowers to provide guidance and support throughout the loan lifecycle.
- Contact customers for payment collection and proactively address any potential repayment issues to minimize delinquencies.
QUALIFICATIONS
Required Qualifications
- Bachelor’s degree in business, Finance, Accounting, Economics, or related field, or equivalent work experience.
- Strong analytical, communication, and organizational skills.
- Ability to analyze financial statements and cash flow.
- Ability to manage multiple assignments and meet deadlines.
- Proficiency in Microsoft Office applications.
Preferred Qualifications (Not Required)
- Previous SBA lending, underwriting, commercial lending, or credit analysis experience.
- Knowledge of SBA 7(a), SBA Express, SBA 504, or SBLGP programs.
- Experience with commercial real estate and business lending.
- Familiarity with loan origination systems and banking operations.
- Bilingual skills (English, Mandarin, or Cantonese) are a plus.
OTHER DETAILS
AVP: $87,900 – $100,100 / year
VP $118,700 - $ 130,000
Pay determined based on job-related knowledge, skills, experience, and location.
This position may be eligible for a discretionary bonus.
Cathay Bank offers its full-time employees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes, coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k).
Cathay Bank may collect personal information from potential job candidates and applicants. For more information on how we handle personal information and your applicable rights, please review our California Job Applicant Privacy Policy (https://www.cathaybank.com/CA-job-applicant-privacy-notice).
Cathay Bank is an Equal Opportunity and Affirmative Action Employer. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex (including pregnancy and related medical conditions, childbirth and breastfeeding), reproductive health decision-making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law.
Click here to view the “Know Your Rights: Workplace Discrimination is Illegal” Poster:
Poster- English (https://www.eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12.pdf)
Poster- Spanish (https://www.eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRightsSp6.12.pdf)
Poster- Chinese Traditional (https://www.eeoc.gov/sites/default/files/2023-09/22-088_EEOC_KnowYourRights6.27%20-%20Chinese%20Traditional.pdf)
Poster- Chinese Simplified (https://www.eeoc.gov/sites/default/files/2023-09/22-088_EEOC_KnowYourRights%20-%20Simplified%20Chinese.pdf)
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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 (https://www.eeoc.gov/poster) notice from the Department of Labor.
