Commercial Loan Assistant
About the Role
As a Commercial Loan Assistant/Senior Commercial Loan Assistant, you will be responsible for providing leadership and assisting Commercial Banking Officers in growing and managing their commercial loan portfolios through the development and maintenance of customer relationships.
Primary Responsibilities
- Handling customer account and loan inquiries.
- Ordering and reviewing required outside documents for credit approval and loan file.
- Ordering and reviewing loan documents and title policies.
- Ensuring necessary borrowing entity documents are in the loan file (partnership, LLC, trust, corp.)
- Disbursing loan proceeds and executing wire transfers to facilitate loan closings.
- Creating and maintaining credit files.
- Coordinating Escrow, including preparing Escrow Instructions and closings with outside Escrow agents or managing RE closing process for qualifying in-house closings.
- Preparing and recording Real Estate and other security documents (i.e. Deeds of Trust, Assignment of Rents, Subordination Agreements, Modification of DOT, etc.)
- Managing the maturing loan report.
- Managing loan delinquencies and alerting commercial loan officers and the Credit Administrator to problems or unusual trends and addressing problem areas immediately.
- Preparing asset quality reporting.
- Tracking major accounts for scheduled calls.
- Accepting and processing loan advances.
- Preparing decline/withdrawn letters and loan packages.
- Preparing commitment letters and letters of credit.
- Maintaining full knowledge of all lending regulations and compliance.
- Maintaining full knowledge of Peoples Bank loan policy and procedures.
Qualifications
- High school diploma or equivalent; bachelor's degree may be held.
- For Commercial Loan Assistant: minimum of 2 years' banking or relevant experience.
- For Senior Commercial Loan Assistant: minimum of 3-4 years' Commercial Loan Assistant or equivalent work experience.
- Knowledge of and ability to comply with loan policies and procedures.
- Knowledge of lending and bank operations.
- Excellent communication, organizational and interpersonal skills.
- Excellent problem solving and analytical skills.
- Mature, outgoing, and professional attitude with customers, prospects, and co-workers.
- Proficiency in MS Office (Outlook, Word, and Excel) and Financial Statement Analysis software.
- Ability to make sound decisions, prioritize work, meet deadlines and work independently with minimal supervision.
- Strong interpersonal skills including professional etiquette and service mentality.
- Strong business communication skills, both verbal and written.
- Ability to travel to other Peoples Bank locations and off-site for meetings as required.
- Professional demeanor and high regard for confidentiality.
- Ability to model the Peoples Bank Mission, Vision, and Values.
Benefits
- Hybrid work from home options for most non-customer facing positions.
- Profit Sharing, Incentives, and other Bonus Structures based on position.
- 12 days of paid vacation, 2 paid wellness days, 2 days of paid community service time, and paid sick leave accrued based on hours worked.
- 11 paid holidays throughout the calendar year.
- Full suite of Health benefits including Medical, Dental and Vision Insurance, Mental Health Resources, and a $200 annual reimbursement for wellness related expenses.
- 8% 401(k) employer match and life and disability plans.
Pay
Commercial Loan Assistant: $23.54 – $31.85 per hour
Senior Commercial Loan Assistant: $24.37 – $36.56 per hour
Compensation within the posted salary range will be based on qualifications and experience. The appropriate level (Commercial Loan Assistant or Senior Commercial Loan Assistant) will be determined based on the candidate's knowledge, skills, abilities, and related professional experience.
Schedule
Monday – Friday 8:00 am to 5:00 pm | 40 hours per week
Barkley Financial Center | Hybrid Work from Home (3 days per week in office)
Bellingham, WA