Business Lending Portfolio Administrator

About the role

Sound Credit Union is currently seeking a Business Lending Portfolio Administrator to join our team! If you have a passion for managing credit quality and maintaining member relationships, then this position at Sound might be the ideal opportunity for you. We offer a welcoming environment with opportunities for professional growth, a passion for community involvement and great benefits to support employee wellbeing.

We stand by our purpose to support our members, employees, and communities through all waves of life. We pride ourselves on fostering a workplace that celebrates diversity and inclusivity, ensuring that every voice is heard and valued.

Sound Credit Union was founded in 1940 and is one of Washington State's largest credit unions. We have 26 full-service branches located throughout the Puget Sound region. We live by our Guiding Principles of Make a Connection, Be a Champion, and Doing the Right Thing for our members, employees, and community.

Responsibilities

• Manage the annual loan review process and business loan portfolio, including financial analysis, cash flow, covenants, collateral, risk-rating recommendations, site visits, insurance coverage, and management of past-due, problem, and Watch List loans.
• Perform credit analysis and underwriting for business loan renewals and participations across CRE, SBA, C&I, and lines of credit.
• Support portfolio administration, audits, and loan participations.

Requirements

• 3+ years of direct experience in business/commercial loan portfolio duties required.
• Experience within a financial institution preferred.
• High School Diploma or equivalent required.
• Bachelor's degree in Business Administration or related field preferred.
• Must be bondable.
• Employer sponsorship to secure or maintain employment authorization is not available.

Benefits

• 100% employer paid premiums for medical, dental, vision, and disability for yourself and more than 70% for dependent's premiums.
• 401k match dollar for dollar up to 4% – plus an additional discretionary profit share.
• Three weeks Paid Time Off (PTO) accrued annually to start, with increases over tenure.
• Up to 40 hours of employer paid Work/Life Balance time, awarded annually.
• 10 employer paid Federal Holidays every year.
• Up to 3% annual salary equivalent annual bonus may be awarded when the Credit Union meets its goals, paid each November.
• Up to $50/month gym/lifestyle reimbursement.
• Up to $5,000/year Tuition Assistance Program.
• Incentives for multilingual speakers.
• Employee Assistance Program (EAP) and Virtual Behavioral & Mental Health Services.
• Free and/or discounted banking services and loans.
• Employee Charitable Matching Program.
• Free ORCA pass.

Pay

The target salary range for this position is $32.69 – $40.87, depending on previous experience and education. The full salary range is $32.69 – $49.04.

Schedule

A hybrid schedule Monday – Friday, 8 AM – 5 PM. This position can be based out of either our Tacoma or Alderwood corporate office.