Summary
Overview
Work History
Education
Skills
Certification
Timeline
Generic

Tushar Bhawsar

Morris Plains,NJ

Summary

Banking professional highly effective at Commercial Lending Department, account and project management. Extensive knowledge of banking products and services, as well as business development and marketing.

Overview

16
16
years of professional experience
1
1
Certification

Work History

SBA Lender I

Columbia Bank
19-01 Rt 208 North, Fair Lawn, NJ 07410
11.2013 - 03.2015
  • Develops New business by contacting potential customers and following up on leads. Cross sells Bank products and services.   Interviews loan applicants primarily for existing relationships and secondarily for new customers. In conjunction with the Credit Department, analysis financial and related data for SBA eligibility, credit worthiness and merits of loan requests. Knowledge of SBA Regulation on Lender and Development Company Loan Programs (SBA SOP 50 10 5(E)). Establishes terms and approves loan within lending authority or recommends approval to senior management. Informs customers of Bank decisions.
  • Maintains performing commercial/SBA loans. Interacts with customers to maintain and enhance business relationships. Works with a team of commercial lender with regard to SBA compliant portfolio maintenance activities including extending loan maturities in CB and SBA E-Tran systems, Interest rate modifications and ensuring that loan files are documented properly. Provides loan and SBA loan documentation quality control for the team of lenders assigned. Assists in the resolution of loan and SBA loan documentation exceptions so that files are fully prepared for loan review as well as internal and SBA audit.
  • Monitors delinquencies and evaluates problem loans. Knowledge of SBA Regulations on servicing and liquidation (SBA SOP 50-57). Analyzes benefits of restructuring versus pursuing legal collection action. Along with the team of commercial lenders assigned, provides recommendations as to loan restructuring, implementing legal collection action, or referral of the loan to the Special Assets Department. Estimates financial impact to the Bank. Takes action to preserve the SBA guaranty.
  • Maintains a current knowledge of local and national economic, financial political and legislative trends including SBA Information Notices, especially 7(a) Loan policy changes. Determines the possible impact on commercial lending activities. 
  • Assists in the preparation of monthly, quarterly and annual reports to track loan origination. Assists in the preparation of the monthly SBA 1502 Report. Monitors Commercial/SBA loan maturities and loan documentation exceptions.

AVP - SBA Portfolio Loan Officer

Indus American Bank,
Iselin, NJ
03.2012 - 07.2012
  • Assisted with general loan portfolio monitoring including customer service with internal and external. Monitors Commercial/SBA loan maturities. 
  • Maintains performing and non-performing commercial/SBA loans. Interacts with customers to maintain and enhance business relationships. Works with a team of commercial lenders with regard to SBA complaint portfolio maintenance activities including extending loan maturities in IAB and SBA E-Tran systems, Interest rate modifications and ensuring  that loan files are documented properly.
  • Assists in the resolution of loan and SBA documentation exceptions so that files are fully prepared for loan review as well as internal and SBA audit.
  • Assists in the preparation of monthly, quarterly and annual reports to track loan origination. 
  • Assists in the preparation of the monthly SBA 1502 Report. Performs other job related duties or special projects.

AVP - SBA Portfolio Loan Officer

TD Bank
Flemington, NJ
03.1999 - 02.2012
  • Prepared write-up for all SBA workout loans, Monitors delinquencies and evaluates problem loans. Knowledge of SBA Regulations on servicing and liquidation (SBA SOP 50 57). Analyzes benefits of restructuring pursuing legal collection action. Along with the team commercial / SBA lenders assigned, provides recommendations as to loan restructuring. Implementing legal collection action, or referral of the loan to the Special Assets Department/Workout Department. Estimates the financial impact to the Bank. Takes action to preserve the SBA guaranty. 
  • Present workout deals to Borrower and Bank Committee for approval. 
  • Request closing documents from the Documentation Department and/or Attorneys. Coordinate the loan booking of new loans and modifications, as well as participate entering information into the loan input system.
  • Take care of over draft report for each lender within SBA team. Assists with delinquency report for assigned loans, attempt to collect payment for commercial loans and mortgage with following up with customers.

Education

Associate of Science - Computer Networking and Security

Anthem Institute of Technology,
Parsippany, NJ
June 2014

Bachelor of Arts - Finance and Accounting

Fairleigh Dickinson University,
Current

Bachelor of Arts - Finance/Accounting

Bhavans College
Did not finish.

Skills

  • Friendly
  • Approachable
  • Flexible
  • Team player
  • Proficient in MS Office
  • Sales professional
  • Self-sufficient
  • Resilience
  • Multi-tasking
  • Customer service 
  • Excellent People Skills
  • Problem-Solver
  • Works well under pressure with in a team or independently
  • Strong background in finance and accounting 
  • Proficient in MS Office, software and other Banking software

Certification

  • Professional Commercial Lending Training, 2006 & 2007
  • Professional NAAGL Training / SBA 1502 Reporting 

Timeline

SBA Lender I

Columbia Bank
11.2013 - 03.2015

AVP - SBA Portfolio Loan Officer

Indus American Bank,
03.2012 - 07.2012

AVP - SBA Portfolio Loan Officer

TD Bank
03.1999 - 02.2012

Associate of Science - Computer Networking and Security

Anthem Institute of Technology,

Bachelor of Arts - Finance and Accounting

Fairleigh Dickinson University,

Bachelor of Arts - Finance/Accounting

Bhavans College

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Tushar Bhawsar