Commercial Banking Associate

About the role

Bridgewater Bank is seeking a meticulous and self-directed Commercial Banking Associate to manage a diverse loan portfolio. The ideal candidate should have prior experience in Commercial or Consumer banking.

Responsibilities

• Serve as a secondary point of contact for prospective and existing loan clients.
• Collect, organize, and review required due diligence documentations for loan origination.
• Cook up and coordinate with Lenders, Loan Administrators, clients, and outside agencies by performing a variety of customer service activities including responding to requests, researching discrepancies, and resolving issues.
• Track deal progress and ensure timely follow-up on outstanding items.
• Communicate loan status updates to clients and internal stakeholders.
• Maintain accurate client records in our Loan Origination System and loan tracking systems.
• Help identify potential issues early and escalate as needed.
• Proactively monitor exception tracking system to ensure file accuracy.
• Manage internal/external requests and financial transactions within the term of the loan documentation, bank policies and procedures. Includes loan advances, payments, wire transfers, payoffs, and collateral releases.
• Manage or maintain Letter of Credit Log and other daily, month or quarterly reports as assigned.
• Manage, monitor and/or report activity related to denied/not approved loans, as assigned.

Qualifications

• 5-7 years of Commercial and Consumer loan servicing experience.
• Strong oral and written communication skills.
• A high attention to detail and knowledge of rules, regulations and policies relating to loan documentation.
• A Bachelor’s degree preferred.

About Bridgewater Bank

Bridgewater Bank is dedicated to being the finest entrepreneurial bank in the Twin Cities. We are committed to promoting growth and celebrating the big and little wins along the way. We offer a comprehensive range of competitive benefits including healthcare, life insurance, disability coverage, retirement plans, and paid time off. Bridgewater Bank is an equal opportunity employer and encourages diversity in the workplace.