Commercial Banking Assistant Banking Officer

About the role

The Commercial Banking Assistant Banking Officer position involves working with Officers and their client base to facilitate loan requests, typically up to $7 Million, and loan and deposit servicing requests. This role deals with the most complex type of loans and requires expertise in commercial lending. Key responsibilities include processing loan applications, coordinating loan closings, reviewing settlement statements, and ensuring timely payments.

Responsibilities

• Contact and meet with clients to collect necessary information to process loan requests.
• Review and assess necessary documents at the time of loan application, adhering to Republic compliance standards.
• Submit and process commercial loan requests in collaboration with the credit/processing/underwriting area, maintaining communication with relevant parties.
• Manage loan renewals, annual reviews, and gather financial statements and covenant documentation.
• Handle client inquiries, problem-solving, and assisting with transfers and payments.
• Ensure proper setup of first and second payments via ACH or billing to prevent defaults.
• Complete servicing tasks such as file maintenance, BOB maintenance, and payoff requests.
• Work on renewing matured loans and conducting annual reviews for business clients.
• Avoid 1st and 2nd payment defaults by setting up payments correctly.
• Assist in preparing sales and production reports.
• Prepare and submit Fee Waivers as per LO/Management requests.
• Prepare Summary of Terms and Commitment Letters as required by Bank policy.
• Maintain a working knowledge of compliance requirements and actively learn new regulations.
• Model and foster behaviors that support the Bank’s values and corporate culture.
• Willingly perform all other duties and projects as assigned.

Requirements

• Sales and customer service skills preferred.
• Minimum 2 years banking experience in processing retail and/or commercial loans required.
• Proficiency in Microsoft Office products and internet applications required.

Qualifications

Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time.

Skills

Excellent verbal and written communications skills for effective interactions with clients. Detailed oriented with ability to multi-task. Self-motivated and works in a team environment. High energy level and strong sense of urgency.

Physical Requirements

The physical demands described here are representative of those that must be met by an associate to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this position, the associate is regularly required to sit, use hands to finger, handle, or feel; and talk or hear. The associate frequently is required to stand or walk. The associate is occasionally required to reach with hands and arms. The associate must occasionally lift and/or move 10 pounds. Specific vision abilities required by this position include close vision, and distance vision. The noise level in the work environment is usually moderate. Other Requirements: Travel between Republic Banking facilities may be required including occasional out of town travel. Flexible work schedule may include some evenings, weekends, and/or overtime. Stay abreast of new developments, best practices, and statutory and regulatory changes.