Business Loan Processing Specialist

About the Role

This role is offered on behalf of a partner organization that handles all applications and subsequent procedures. The position is for a Business Loan Processing Specialist located in Saudi Arabia, working remotely within a global support framework. This role is crucial in facilitating business growth by overseeing key commercial lending operations and ensuring efficient funding transactions.

The specialist will focus on commercial financing products such as SBA loans, working capital loans, business credit solutions, and equipment financing. Responsibilities include reviewing documents meticulously, liaising with involved parties, and maintaining precise funding records. Additionally, the role involves suggesting enhancements to streamline workflows, promote scalability, and elevate service quality.

Key Responsibilities

• Handle applications for various commercial financing options including SBA and SBA Express loans, working capital loans, business lines of credit, business credit cards, and equipment financing.
• Collect, scrutinize, organize, and verify borrower documentation for completeness and accuracy.
• Prepare comprehensive loan files ensuring compliance with lender criteria and documentation standards.
• Track application status, monitor funding milestones, and provide ongoing updates throughout the loan lifecycle.
• Coordinate with lending partners, funding entities, and financial institutions as necessary.
• Maintain thorough records including spreadsheets, pipeline tracking reports, and document management systems.
• Identify and remedy processing delays or workflow inefficiencies within funding operations.
• Propose improvements for loan processing methods and operational procedures.
• Develop scalable, repeatable systems, comprehensive documentation, and best practice guidelines.
• Spot opportunities to automate routine administrative tasks to increase efficiency.
• Provide administrative assistance related to reporting, workflow monitoring, and business operations.

Candidate Requirements

• Hands-on experience with processing SBA and SBA Express loans is essential.
• Proven experience managing working capital loans and business credit lines is required.
• Preferred experience includes business credit cards, equipment financing, or alternative funding products.
• Background in commercial lending, business financing, or related funding sectors.
• Comprehensive understanding of lender documentation guidelines and underwriting procedures.
• Familiarity with commercial loan workflows, funding operations, and financial documentation is necessary.
• Proficient in Microsoft Excel, Google Sheets, and general Microsoft Office applications.
• Experience with commercial lending platforms, CRM usage, and document management tools is advantageous.
• Excellent organizational skills with the ability to focus on detailed accuracy.
• Capacity to work autonomously while handling multiple tasks simultaneously.
• Strong analytical and problem-solving skills geared toward process improvement.
• Fluency in English, both written and verbal.

Benefits

• Competitive contractor remuneration.
• Weekly payment frequency.
• Flexible remote working arrangement.
• Part-time commitment approximately 10 hours per week, Monday to Friday.
• Chance to collaborate with international clients from developed markets.
• Access to free training programs and professional development opportunities.
• Continuous support and guidance throughout the contract duration.
• Participation in a cooperative global contractor community.
• Opportunity to influence and optimize business operations and lending process scalability.