Jan 10, 2025
Loan Reporting Specialist (Hybird)
- BayFirst National Bank
- Saint Petersburg, FL, United States
Full time
Finance
Job Description
BayFirst National Bank is a full-service community bank and national SBA Lender founded in 1999 and headquartered in St. Petersburg, Florida. We are a true community bank, and our unique model is grounded in supporting the strength and heart of our communities: individuals, families, and small business owners.
We are both current and comfortable for the broad customer base and communities in which we serve. We are socially responsible and understand our duty to the economic impact of the underserved. As a progressive and innovative organization, we are constantly moving forward in the changing world around us by acting with speed, simplicity, and decisiveness to meet our customers on their terms as products, technologies, and customer experience expectations evolve.
Understanding that our employees are our most valuable resource, we are committed to providing career development opportunities, flexibility, competitive compensation, and best-in-class benefits to our entire workforce. As an organization, we encourage open communication in an environment of mutual respect, where hard work is rewarded, and a professional but informal atmosphere is valued within the workplace.
Position Summary:
The Reporting Specialist is responsible for conducting research for loans, identifying errors, and making the necessary corrections needed. Additional responsibilities to include assisting with balancing the ledger entries, reviewing reports daily, quoting loan payoffs and preparing reports. The Reporting Specialist also assists the Reporting Supervisor with SBA reporting and settlement process which includes producing settlement reports, balancing sale transactions, and adhering to the remittance schedules identified in the participation agreements.
Responsibilities include but are not limited to:
Review general ledger entries daily and clear transactions timely.
Prepare SBA monthly reporting in accordance with the SBA’s Standard Operating Procedure.
Prepare monthly investor reporting and remit funds timely.
Complete loan reconciliations between the SBA and bank and clear exceptions timely.
Other miscellaneous duties as assigned.
Requirements include but are not limited to:
NOTE: This role is hybrid based in St. Petersburg, FL. It is required to be in office at certain times of the month determined by management.
High school diploma or GED equivalent required.
Minimum of two (2) years of loan operations or accounting experience required
Ability to communicate effectively with all internal business partners and external customers
Strong organizational and time management skills and the ability to perform independently in setting objectives and determining how to proceed.
Proven analytic and critical thinking skills
Advanced understanding of commercial loan structures.
Knowledge of SBA Standard Operating Procedures (preferred).
Ability to research complex issues
Working knowledge of federal and state compliance laws and regulations including a proven ability to apply these requirements to business practices and systems.
BayFirst National Bank believes that diversity and inclusivity are essential to positive long-term success and achieving our strategic business goals. We are proud to be an Equal Opportunity Employer, and we encourage diverse and talented applicants to apply. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
#LI-BT1
We are both current and comfortable for the broad customer base and communities in which we serve. We are socially responsible and understand our duty to the economic impact of the underserved. As a progressive and innovative organization, we are constantly moving forward in the changing world around us by acting with speed, simplicity, and decisiveness to meet our customers on their terms as products, technologies, and customer experience expectations evolve.
Understanding that our employees are our most valuable resource, we are committed to providing career development opportunities, flexibility, competitive compensation, and best-in-class benefits to our entire workforce. As an organization, we encourage open communication in an environment of mutual respect, where hard work is rewarded, and a professional but informal atmosphere is valued within the workplace.
Position Summary:
The Reporting Specialist is responsible for conducting research for loans, identifying errors, and making the necessary corrections needed. Additional responsibilities to include assisting with balancing the ledger entries, reviewing reports daily, quoting loan payoffs and preparing reports. The Reporting Specialist also assists the Reporting Supervisor with SBA reporting and settlement process which includes producing settlement reports, balancing sale transactions, and adhering to the remittance schedules identified in the participation agreements.
Responsibilities include but are not limited to:
Review general ledger entries daily and clear transactions timely.
Prepare SBA monthly reporting in accordance with the SBA’s Standard Operating Procedure.
Prepare monthly investor reporting and remit funds timely.
Complete loan reconciliations between the SBA and bank and clear exceptions timely.
Other miscellaneous duties as assigned.
Requirements include but are not limited to:
NOTE: This role is hybrid based in St. Petersburg, FL. It is required to be in office at certain times of the month determined by management.
High school diploma or GED equivalent required.
Minimum of two (2) years of loan operations or accounting experience required
Ability to communicate effectively with all internal business partners and external customers
Strong organizational and time management skills and the ability to perform independently in setting objectives and determining how to proceed.
Proven analytic and critical thinking skills
Advanced understanding of commercial loan structures.
Knowledge of SBA Standard Operating Procedures (preferred).
Ability to research complex issues
Working knowledge of federal and state compliance laws and regulations including a proven ability to apply these requirements to business practices and systems.
BayFirst National Bank believes that diversity and inclusivity are essential to positive long-term success and achieving our strategic business goals. We are proud to be an Equal Opportunity Employer, and we encourage diverse and talented applicants to apply. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
#LI-BT1
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