Commercial Lending Specialist I

4 weeks ago


Saint Paul, United States Wings Financial Credit Union Full time
Job DescriptionJob Description

PRIMARY PURPOSE

The Commercial Lending Specialist I provides professional, courteous and efficient service to Wings Commercial Services members. The Specialist I will work with their leader and other commercial team members to gain the knowledge and skills needed to effectively support the Commercial membership. The Specialist I will support lenders for acquisition and refinance loans and will be involved in other loan types originated within the Commercial department.

KEY SUCCESS FACTORS

  • Successfully navigate the essential job functions by using documented procedures and support from leader.
  • Proactive self-starter while gaining the skills to manage multiple responsibilities, reprioritization and shifting deadlines.
  • Accuracy and attention to detail.
  • Critical thinking and judgement skills.
  • Strong interpersonal skills; comfortable working with people at all organizational levels; able to adapt to differing communication styles.

ESSENTIAL FUNCTIONS

  • Guided management of the process to track progress toward commercial acquisition and refinance loan closings.
    • Prepares and facilitates regular meetings with lenders and analysts.
    • Tracks assigned tasks and works with lender and/or leader to meet the closing timeline.
    • Orders appraisal, environmental and site visit reports from established third-parties.
    • Completes amortization schedules and lender closing costs worksheets.
    • Collaborates with leader to review loan documents and discuss open questions.
  • Follows an established checklist to ensure complete document packages are in place after closing.
    • Booking new commercial loans to the core loan system in a timely and accurate fashion.
    • Confirming that ticklers and covenants are established for future monitoring.
    • Assembling and electronically filing complete loan packages in a timely manner.
  • Assists in the collection and filing of collateral perfection and lien protection items throughout the life of the commercial loan portfolio, including but not limited to:
    • Covenant tracking for required financial documents.
    • Insurance coverage.
    • Recorded Mortgage/Assignment of Leases & Rents and Final Title Policies.
    • UCC Filings/Renewals/Terminations.
  • Awareness of regulations applicable to commercial loans and deposit accounts including:
    • HMDA, for applicable loans secured by residential real estate.
    • Other regulatory and legal compliance related to commercial loans and deposit accounts.
  • Serves as a contact point for commercial members with questions regarding their Wings commercial loans;
  • Takes on assigned daily requests from members such as statements, loan and deposit account questions and completes wires with some guidance from leader or other members of the team;
  • Assists past due payments, NSF items, and post-closing item collection tasks;
  • Completing projects and special assignments based on department needs that are assigned by their leader.

QUALIFICATIONS

  • High school graduate or GED is required; two-year post-secondary degree is preferred.
  • 3 years of customer facing banking experience required; some commercial servicing experience preferred.
  • General knowledge of Commercial Deposit Account services and products.
  • Maintains current knowledge of Federal and State laws and regulations, as well as industry best practices, including BSA, AML, Patriot Act, CIP, and OFAC regulations and guidelines.
  • Proficient in the use of personal computer and software including Microsoft Word, Excel, PowerPoint, Edge and Outlook as well as alternative web browsers.
  • Proficient in bank operating platforms.
  • Bondable

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.



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