Commercial Loan Assistant

Job Description

Job Description

Commercial Loan Assistant

Job Description :

The Commercial Loan Assistant assists lending staff with daily responsibilities including document collection, closing, handling loan payments and advances, telephone and personal interaction with customers and third-party venders to accommodate banking needs and solve problems and other general duties. The Commercial Loan Assistant is responsible for accurate and timely loan preparation, servicing and maintenance of commercial loan portfolios. The position requires proficient knowledge of City National Bank’s Loan Policy and Procedures, the Uniform Commercial Code, Business Law, Real Estate Law, and Federal Compliance Regulations, the training for which will be provided by City National Bank.

Duties and Responsibilities:

• Correspond with applicant to gather financial information for the loan approval process.
• Order preliminary title work, UCC searches, Flood Certificates, environmental reports, Credit Reports, and all other necessary data.
• Assists Commercial Loan Officers in managing portfolios, and administrative tasks as assigned.
• Working directly with Commercial Loan Officers, Treasury Management and other team members to effectively grow portfolio revenue by presenting financial solutions to customers.
• Provides clerical and administrative support to assigned lending staff and assists with setting up commercial loan files with timeliness and accuracy.
• Coordinate with borrower and/or insurance agent for lapsed or expiring insurances.
• Contribute to the Team’s overall meeting and/or exceeding the assigned volume/production goals.
• Primary contact for the coordination of information between client and internal departments in the loan process.
• Prepares and reviews commercial loan documents prior to closing to ensure all approval conditions and requirements are accurate and complete.
• Responsible for communication and finalizing loan closing with third parties such as title companies, external closing attorneys, inspectors, appraisers to ensure all aspects of the loan preparation are completed.
• Prepares loan disbursement entries for loan closing and bookings.
• Reviews and processes credit reports and draw requests for customers.
• Assist in obtaining updated financial statements, credit reports, rent rolls, and other financial information to maintain the servicing file.
• Prepares loan extensions and deferrals. Assists in preparing credit memos.
• Coordinates process with participant banks for loan participation purchases or sales.
• Maintain files for all repos, small claims, and garnishments.
• Responsible for overseeing renewals, document tickler and covenant tracking of loans.
• Monitor loan documentation exception reports and follow-up to clear up document exceptions in a timely manner
• Monitor financial statement exception reports and follow-up to clear up financial statement exceptions in a timely manner.
• Works closely with Commercial Loan Officer to manage maturing loans.
• Provide notary services as needed
• Other duties as assigned.

Requirements:

• Bachelor’s degree preferred; experience in loan operations and loan closings considered in lieu of degree.
• Proficient in office skills as well as Microsoft Word and Excel and ability to learn City National Bank’s banking software applications.
• Ability to effectively communicate with customers with a high level of professionalism and integrity, as well as strong interpersonal communication skills.
• Ability to multi-task, utilize time management to meet deadlines, and work independently.
• Excellent customer service, listening and communication skills.
• Detail oriented and able to work well under stress and/or deadlines
• Attendance and punctuality are essential in the functionality of this position.

Preferred Skills and Qualifications:

• Lending experience
• Knowledge of loan process and loan documentation

Physical Requirements:

• Constant use of computer screens
• Ability to operate a computer keyboard, use hand to finger, handle or feel, reach with hands and arms, and talk, see, or hear
• Intermittently standing, stooping, bending at the waist, walking, kneeling or crouching
• Ability to sit and/or stand for long periods of time during the workday
• Long periods of typing and repetitive motion
• Ability to lift and/or move and carry up to 5 pounds