Member Business Loan Processor II

About the role

The Member Business Loan Processor II position is a full-time role with a 40-hour work week. Evening and Saturday availability is occasionally required.

Responsibilities

• Maintain loan/credit files in an orderly and professional manner. Update files with new or relevant information as necessary including current balance sheets, profit and loss statements, cash flow projections and all loan documentation.
• Provide technical support, including data entry, scanning documents, etc. in order to maintain the integrity of the data stored and saved within the loan servicing system.
• Prepare and process all documentation related to Member Business credit transactions. Complete all loan documents and close loans.
• Prepare files for audit after loans are closed.
• Serve as primary liaison between credit union and Member Business Lending (MBL) CUSO. Monitor all MBL processes including participation loans and Small Business Administration (SBA) loans. Coordinate and execute the annual review process and ensure compliance with MBL policy.
• Takes applications for business loans. Review member financial condition and perform the initial credit analysis to determine if members’ credit request satisfies policy and procedural guidelines. Present underwriting recommendations for approval. Prepare and process all loan documents and close loans. Prepare file for audit after closing loans.
• Aid in seeking new member business loan and deposit client opportunities and service existing accounts. Ongoing monitoring of the accounts will be required, including periodic loan reviews. Assist in the collection of commercial delinquencies as required.
• Support the administration of Business Deposit Accounts/Services including creation and implementation of new business products and services and managing the ongoing performance of the portfolio.
• Work directly with vendors that support the credit unions member business lending account related products and services (including merchant card services, remote check capture, payroll services, etc.). Provide due diligence on vendors and products when required.
• Support credit union and MBL CUSO lenders with financial statement analysis, loan documentation, clerical tasks and documentation collection as required.
• Provide informed, prompt, professional and accurate service and support to all members and associates. Assist with other member and financial services as necessary.
• Attend conferences, seminars, and workshops related to job. Maintain eligibility and continuing education requirements necessary to obtain and maintain various license requirements for the position.
• Travel periodically, as needed, to visit potential and existing member business clients, branch locations, SEGS and to attend various community and/or credit union meetings and events.

Qualifications

• Three years to five years of similar or related experience as a credit analyst or underwriter.
• A two-year college degree in business, finance, economics or related field of study, or completion of a specialized certification or licensing, or completion of specialized training courses conducted by vendors, or an apprenticeship program.

Skills

• Strong personal computer skills with the ability to learn new software.
• Intermediate to advanced Microsoft Excel/Office skills.
• Intermediate mathematical skills (calculations and concepts involving decimals, percentages, fractions, etc.).
• Professional, well-developed interpersonal skills necessary for projecting and communicating a positive image.
• Excellent verbal and written communication skills.