Commercial Loan Specialist

Description

Coordinate and track progress for Commercial Real Estate (CRE) acquisition and refinance loan closings while supporting commercial construction and participation loan closings.

Prepare and facilitate regular meetings with lenders and analysts.

Ensure assigned tasks are completed within established timelines and escalate issues as needed.

Coordinate communications with third-party vendors, including title companies, environmental and appraisal management firms, legal counsel, and other financial institutions.

Manage commercial construction loan administration and draw processes in partnership with lenders and leadership.

Establish and maintain construction project tracking.

Balance draw requests, pay applications, and invoices against available funding sources.

Ensure progress inspections are completed.

Verify project completion aligns with project advances.

Validate collection of lien waivers, insurance documentation, and other required items to mitigate risk.

Administer commercial loan participation activities in collaboration with lenders and leadership.

Ensure all participation documentation is complete and complies with approval requirements.

Communicate with participating lenders regarding loan administration and servicing matters.

Balance loan payments and advances to ensure accurate participation allocations.

Provide required financial information to participating lenders.

Verify servicing activities comply with participation agreements.

Review loan documentation, identify outstanding items, and provide feedback to lenders.

Ensure complete post-closing loan packages are assembled, maintained, and accurately recorded.

Book new commercial, construction, and participation loans into the core loan system.

Verify the work of other Specialists to ensure booking accuracy.

Establish applicable ticklers and covenant-tracking requirements.

Assemble and electronically file complete loan packages.

Monitor collateral perfection, lien protection, and servicing requirements throughout the life of the commercial and participation loan portfolio.

Track required financial covenants and reporting.

Monitor insurance coverage requirements.

Ensure recorded mortgages, assignments of leases and rents, and final title policies are received and maintained.

Manage UCC filings, renewals, and terminations.

Ensure compliance with all regulations applicable to commercial loans and deposit accounts, including:

Home Mortgage Disclosure Act (HMDA) requirements for applicable loans secured by residential real estate.

Other regulatory, legal, and compliance requirements related to commercial loans and deposit accounts.

Serve as a primary point of contact for commercial members regarding loan-related questions and servicing needs.

Respond proactively to member requests, including statements, loan and deposit account inquiries, and wire transactions.

Assist with monitoring department reports to identify and communicate:

Past-due payments.

Non-sufficient funds (NSF) items.

Outstanding post-closing documentation requirements.

Support onboarding and training efforts by completing assigned training activities for new team members.

Complete special projects and departmental assignments as directed by leadership, effectively managing timelines, monitoring progress, and resolving issues.

Adhere to all Bank Secrecy Act (BSA) policies, procedures, and regulatory requirements.

Qualifications

3+ years of commercial loan operations or commercial servicing required

1+ years of commercial participation and commercial construction servicing experience preferred

1+ Experience with CRE and Commercial & Industrial (C&I) lending required

1+ Experience in reviewing business financial documents required

Schedule

Monday-Friday, 8am-5pm (hybrid schedule after training)

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Job Type & Location

This is a Contract to Hire position based out of Apple Valley, MN.

The pay range for this position is $30.00 - $37.00/hr.

Individual compensation offered for this position within this range will depend on many factors, including qualifications, skills, relevant experience, job knowledge, geographic location, internal equity, and other pertinent job-related factors.

Eligibility requirements apply to some benefits and may depend on your job classification and length of employment. Benefits are subject to change and may be subject to specific elections, plan, or program terms. If eligible, the benefits available for this temporary role may include the following: Medical, dental & vision Critical Illness, Accident, and Hospital 401(k) Retirement Plan Pre-tax and Roth post-tax contributions available Life Insurance (Voluntary Life & AD&D for the employee and dependents) Short and long-term disability Health Spending Account (HSA) Transportation benefits Employee Assistance Program Time Off/Leave (PTO, Vacation or Sick Leave)

This is a hybrid position in Apple Valley,MN.

This position is anticipated to close on Oct 18, 2026.

About TEKsystems

We're partners in transformation. We help clients activate ideas and solutions to take advantage of a new world of opportunity. We are a team of 80,000 strong, working with over 6,000 clients, including 80% of the Fortune 500, across North America, Europe and Asia. As an industry leader in Full-Stack Technology Services, Talent Services, and real-world application, we work with progressive leaders to drive change. That's the power of true partnership. TEKsystems is an Allegis Group company.

The company is an equal opportunity employer and will consider all applications without regards to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.

About TEKsystems and TEKsystems Global Services

Were a leading provider of business and technology services. We accelerate business transformation for our customers. Our expertise in strategy, design, execution and operations unlocks business value through a range of solutions. Were a team of 80,000 strong, working with over 6,000 customers, including 80% of the Fortune 500 across North America, Europe and Asia, who partner with us for our scale, full-stack capabilities and speed. Were strategic thinkers, hands-on collaborators, helping customers capitalize on change and master the momentum of technology. Were building tomorrow by delivering business outcomes and making positive impacts in our global communities. TEKsystems and TEKsystems Global Services are Allegis Group companies. Learn more at TEKsystems.com.

The company is an equal opportunity employer and will consider all applications without regard to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.

San Francisco Fair Chance Ordinance: Pursuant to the San Francisco Fair Chance Ordinance, for all positions located in the city and county of San Francisco, we will consider for employment qualified applicants with arrest and conviction records.

Massachusetts Lie Detector: It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

Use of Artificial Intelligence (AI): We may use Artificial Intelligence (AI) to support parts of our hiring process, including sourcing, screening, and evaluating candidates. AI helps assess applications and qualifications, but final decisions are made by our hiring team. By applying, you acknowledge and agree that your application may be reviewed using AI tools.