Commercial Loan Assistant II

Role Expectations

• Support Commercial Lenders in managing client relationships, including preparation of term sheets and commitment letters.
• Aid in annual reviews of commercial term loans under the direction of Commercial Lenders.
• Act as secondary/backup to Commercial Lenders and assist in monitoring commercial credit facilities.
• Initiate and coordinate the loan documentation process by requesting and reviewing entity documents, good standing certificates, UCC searches, flood certificates, and title policies.
• Prepare loan documentation in accordance with organizational policies, procedures, and approved loan terms using approved documentation systems.
• Maintain comprehensive and current commercial loan credit files and monitor follow-up on expired financial statements, covenant tracking, and exception items.
• Provide timely loan system reports to Commercial Lenders for monitoring maturing loans, past due payments, exception tracking, and expired items.
• Process customer loan payments, line advances, payoff requests, and construction loan disbursements in accordance with approved terms and internal controls.
• Resolve documentation and operational issues, research and address loan exceptions identified through post-closing review or Loan Review.
• Cook up coordination with third-party vendors and internal departments to ensure timely and accurate loan closings.
• Communicate effectively with clients, lenders, and business partners in a professional and culturally diverse environment.
• Perform additional administrative and operational duties as assigned.
• Ensure adherence to internal policies, regulatory guidelines, and documentation standards.

Education, Experience, Skill, And Ability Expectations

• A high school diploma or equivalent is required; an associate's or bachelor’s degree is preferred.
• A minimum of five years of experience in commercial loan processing, administration, servicing, and/or documentation is required.
• Knowledge of LaserPro documentation and Fiserv systems is preferred.
• An understanding of financial institution operating policies, procedures, regulatory guidelines, and associated compliance is necessary.
• Strong mathematical and analytical skills are required.
• Proficiency in Microsoft Word, Excel, and loan processing systems is expected.
• The ability to manage a heavy workload and multiple projects in a fast-paced environment is crucial.
• Excellent problem-solving, organizational, and interpersonal skills are required.
• Strong written and oral communication skills are necessary.
• The ability to work independently and collaboratively as part of a team is important.
• The ability to remain in a stationary position for up to 75% of an eight-hour workday is required.
• The ability to review information and details at close range (within a few feet) is necessary.