Commercial Loan Processor

Description

Summary

Prepare and process commercial loan documentation for all commercial loan officers by providing quality loan service through effective utilization of support services and performing assigned daily duties effectively and efficiently.


Essential Duties and Responsibilities

• Prepare loan documents and update loan data in the financial institution's Laser Pro computer program. Employee must possess the ability to work on an independent basis when processing in-house commercial loans, in addition to participations loans, small business loans, and letters of credit.

• Input/book commercial loan accounts onto DNA, the bank's core operating system, process funding of loans and compile folders and information for all loans entered in an orderly manner. Enter exceptions on the DNA system for tracking.

• This job requires no teller capability; however, this job does include maintenance capability for the bank's main operating system.

• Verify accuracy of loan documentation and ensure that loan files contain documents with proper signatures, dates, and other relevant data to comply with bank policy.


• Answer telephone and written inquiries concerning loan processing and information with regard to loan documentation.


• Contact attorneys, settlement agents, prepare checks for disbursement and gather necessary account information to assist lenders with all loan documentation as needed.

• Prepare Commitment Letters, Modification Agreements, and any additional letters or agreements for commercial loan accounts as requested by officers and forward to the appropriate areas for processing.

• Prepare, verify, and submit documents for UCC filings, titled vehicle liens and mortgages, and verify insurance on these items for all new loans.

• Assist the collateral area and loan checking area as needed. Must be willing to answer questions and be willing to assist, cross-train and back-up this area if requested.

• Assist the Lead Commercial Processor with tasks, projects, reports and training as requested.

• This job requires the ability to multi-task, work as a team player, work well with Commercial Lenders, Commercial Lender Assistants and Credit Analysts, work in an atmosphere where interruptions occur frequently and noise volume is average to above average.


• Cooperate with, participate in, and support the adherence to all internal policies, procedures, and practices in support of risk management and overall safety and soundness and the bank's compliance with all regulatory requirements.

• Understand and support all BSA/AML responsibilities as applicable to the position as well as consistently, accurately, and timely carry out these responsibilities in compliance with the Bank's internal policies


• Perform other related work and duties as assigned

Education and/or Experience

Associate's degree or equivalent from two-year college or technical school; or one to two years related experience and/or training; or equivalent combination of education and experience. A good understanding of financial institution products and services is also necessary.

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Supervisory Responsibilities

This job has no supervisory responsibilities.

TECHNICAL SKILLS

Must be willing to learn new systems and not have any issues with emerging technology. Must be proficient in Microsoft Word and Excel. The ability to work with various browser-based systems and software systems is mandatory. Must be willing to learn new systems and not have any issues with emerging technology.


LANGUAGE SKILLS

Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and policies using proper grammar and accurate spelling. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.

MATHEMATICAL SKILLS

Ability to calculate figures and amounts such as discounts, interest, and percentages.


REASONING ABILITY

Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form. Ability to deal with problems involving several concrete variables in standardized situations. Desire to understand and utilize systems to their utmost capabilities. Organizational, priority setting, and decision-making skills are also required.

PHYSCIAL DEMANDS

• While performing the duties of this job, the employee is required to use hands and fingers to operate office equipment, telephones, etc.
• The employee must occasionally lift and/or move up to 25 pounds
• Specific vision abilities required by this job include close vision, and ability to adjust focus

WORK ENVIRONMENT

• The noise level in the work environment is usually moderate.

BENEFITS AND ADDITIONAL INFORMATION

• Bank wide bonus, 401(k), ESOP, Medical, Dental & Vision insurance, Health Savings Account, Life Insurance, Paid Holidays, PTO, and Paid Volunteer Time.

• Work Schedule is Monday through Friday

• Full-time 37.5 - 40 hours per week

• Flex Schedule Information

FLEXIBLE WORK OPTIONS

This job will have the following options available for the Flexible Work as presented in the Bank's Flexible Work Schedule Policy:

• Flextime - the employee would work eight hours per workday, but there is flexibility in the employee's set scheduled starting and ending times. The details of starting and ending times will be discussed and approved by the employee's direct supervisor. No starting times before 7am will be considered as to accommodate the ability to be on the bank's core system, DNA.
• Compressed Workweeks 1 - the employee would work ten hours per workday, reducing the workweek to four days a week. The details of starting and ending times will be discussed and approved by the employee's direct supervisor. No starting times before 7am will be considered as to accommodate the ability to be on the bank's core system, DNA.
• Compressed Workweeks 2 - the employee would work nine hours per workday Monday through Thursday, or another schedule approved by the employee and the supervisor to accommodate staffing needs of the department and time off requests of other employees, and four hours each Friday or another day of the week. The details of starting and ending times will be discussed and approved by the employee's direct supervisor. No starting times before 7am will be considered as to accommodate the ability to be on the bank's core system, DNA.
• Hybrid Remote - the employee would work four 8-hour shifts in the office and one 8-hour shift from home each week.

This job description is not designed as a comprehensive list of activities, duties, and/or responsibilities and may change at any time with or without notice. The duties and qualifications stated within this job description are representative of the knowledge, skill, and/or ability required for this position.

Somerset Trust Company is an Equal Opportunity Employer, including disability and protected veteran status. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this position.