About the role
SUMMARY/OBJECTIVE:
The Commercial Lending Assistant provides ongoing Customer service and documentation support as Loan Officer’s liaison on assigned commercial accounts. The Commercial Lending Assistant determines pertinent information to gather from a variety of sources, coordinates the preparation and review of loan documentation and is responsible for the processing/maintaining of all commercial loan files. The position also provides operational administrative support to ensure a smooth workflow between various departments.
ESSENTIAL FUNCTIONS:
* Verifies evidence of insurance, requests updated financial information * May manage portfolio risk by highlighting maturities, overdrafts, and delinquencies. * Verifies and processes Customer advances on lines of credit * Liaise with attorneys to assist in resolving any closing issues in the absence of the Loan Officer * Request/retrieve missing legal documentation from Borrowers and Attorneys * Assist customers with commercial banking needs including advances and new accounts * Set up Borrowers in Credit Quest, maintain electronic files for loans * Track financial statements and tax returns for both Borrower and Guarantors and send updates to credit and loan closing as needed. * Files documentation in commercial /electronic files * Track and request environmental reports, appraisals, and construction consultants to be engaged * Manages Loan Officers Construction Pipeline, i.e.: update various construction reports, organizes draw requests, monitor construction budgets. * Monitor pipeline reports * Provided day to day administrative support to Commercial Lenders
JOB QUALIFICATIONS:
* Proficient in Microsoft Excel, Microsoft Word, computers and lending software * Good communication and organizational skills * Ability to prioritize work flow in a multi-tasking environment * Ability to work independently as well as in collaboration with a team * Bachelor’s degree and experience in working in a corporate environment preferred.
The annual salary range for the Commercial Lending Assistant is $60,000 - $80,000 per year.