Commercial Relationship Specialist

Position Summary Works closely with the Commercial Banking Officer(s), Commercial Processing Team, Commercial Servicing Team, Commercial Post Close and Branch Staff. Responsible for servicing diverse commercial portfolios and building and maintaining member relationships. Assists in gathering and reviewing loan documentation for accuracy to ensure funding and closing comply with Magnifi Financial policies, procedures, and state and federal regulations. Provides assistance in-person to commercial members in all areas of the member relationship with Magnifi Financial including loans, deposits, and other services. Effectively communicates to the commercial member, Commercial Banking Officer (CBO) and support staff teams on loan, deposit and services status/updates. Assists, directly and indirectly, with maintaining assigned CBO(s) deposit & loan portfolios. Maintains existing member commercial lending files by reviewing files and monitoring lending reports and ticklers to assure that proper documentation is included and up to date. Inputs data for all loan requests, renewals, ad hocs, change memos and annual reviews into the lending system. Monitors lending reports to ensure that proper documentation is included and up to date, also maintains existing member commercial lending files by reviewing files for accuracy & completion. Works with members to collect financials and documentation needed to complete the loan request. Enhances member relationships through follow-up communication to include outbound calls & emails. Serves members through multiple channels including in branch, online and over the phone. Assists with the preparation of new loan requests and extensions as required. Requests documentation needed from the member to ensure all conditions are met for the loan closing. Assists with covenant monitoring and notifies lenders of violations. Prepares, disburses and mails proposal/commitment letters and adverse actions. Orders, receives and reviews all 3rd party items needed for closing (title work, appraisal, environmental risk assessment, insurance). Requests disbursements/loan advances, subordinations, partial releases, satisfactions and fee reversals. Maintains a significant level of knowledge and understanding of loan documentation, credit policy and state and federal regulations. Keeps abreast of rules, regulations and Magnifi Financial policy relating to member commercial loans. Works with CBO to monitor construction loan process, including following procedures to disburse funds to appropriate parties and collecting lien waivers. Uses the sales process to identify and recommend Magnifi Financial products and services to members based on financial need. Makes referrals to appropriate departments. Assists with Small Business Administration (SBA) and Government Guarantee loans. Suggests, and helps implement, process improvements to improve departmental efficiencies. Actively participates in community relations efforts to contribute to the mission and visibility of Magnifi Financial. Position Summary Works closely with the Commercial Banking Officer(s), Commercial Processing Team, Commercial Servicing Team, Commercial Post Close and Branch Staff. Responsible for servicing diverse commercial portfolios and building and maintaining member relationships. Assists in gathering and reviewing loan documentation for accuracy to ensure funding and closing comply with Magnifi Financial policies, procedures, and state and federal regulations. Provides assistance in-person to commercial members in all areas of the member relationship with Magnifi Financial including loans, deposits, and other services. Effectively communicates to the commercial member, Commercial Banking Officer (CBO) and support staff teams on loan, deposit and services status/updates. Assists, directly and indirectly, with maintaining assigned CBO(s) deposit & loan portfolios. Maintains existing member commercial lending files by reviewing files and monitoring lending reports and ticklers to assure that proper documentation is included and up to date. Inputs data for all loan requests, renewals, ad hocs, change memos and annual reviews into the lending system. Monitors lending reports to ensure that proper documentation is included and up to date, also maintains existing member commercial lending files by reviewing files for accuracy & completion. Works with members to collect financials and documentation needed to complete the loan request. Enhances member relationships through follow-up communication to include outbound calls & emails. Serves members through multiple channels including in branch, online and over the phone. Assists with the preparation of new loan requests and extensions as required. Requests documentation needed from the member to ensure all conditions are met for the loan closing. Assists with covenant monitoring and notifies lenders of violations. Prepares, disburses and mails proposal/commitment letters and adverse actions. Orders, receives and reviews all 3rd party items needed for closing (title work, appraisal, environmental risk assessment, insurance). Requests disbursements/loan advances, subordinations, partial releases, satisfactions and fee reversals. Maintains a significant level of knowledge and understanding of loan documentation, credit policy and state and federal regulations. Keeps abreast of rules, regulations and Magnifi Financial policy relating to member commercial loans. Works with CBO to monitor construction loan process, including following procedures to disburse funds to appropriate parties and collecting lien waivers. Uses the sales process to identify and recommend Magnifi Financial products and services to members based on financial need. Makes referrals to appropriate departments. Assists with Small Business Administration (SBA) and Government Guarantee loans. Suggests, and helps implement, process improvements to improve departmental efficiencies. Actively participates in community relations efforts to contribute to the mission and visibility of Magnifi Financial. Essential Duties And Responsibilities Provides assistance in-person to commercial members in all areas of the member relationship with Magnifi Financial including loans, deposits, and other services. Effectively communicates to the commercial member, Commercial Banking Officer (CBO) and support staff teams on loan, deposit and services status/updates. Assists, directly and indirectly, with maintaining assigned CBO(s) deposit & loan portfolios. Maintains existing member commercial lending files by reviewing files and monitoring lending reports and ticklers to assure that proper documentation is included and up to date. Inputs data for all loan requests, renewals, ad hocs, change memos and annual reviews into the lending system. Monitors lending reports to ensure that proper documentation is included and up to date, also maintains existing member commercial lending files by reviewing files for accuracy & completion. Works with members to collect financials and documentation needed to complete the loan request. Enhances member relationships through follow-up communication to include outbound calls & emails. Serves members through multiple channels including in branch, online and over the phone. Assists with the preparation of new loan requests and extensions as required. Requests documentation needed from the member to ensure all conditions are met for the loan closing. Assists with covenant monitoring and notifies lenders of violations. Prepares, disburses and mails proposal/commitment letters and adverse actions. Orders, receives and reviews all 3rd party items needed for closing (title work, appraisal, environmental risk assessment, insurance). Requests disbursements/loan advances, subordinations, partial releases, satisfactions and fee reversals. Maintains a significant level of knowledge and understanding of loan documentation, credit policy and state and federal regulations. Keeps abreast of rules, regulations and Magnifi Financial policy relating to member commercial loans. Works with CBO to monitor construction loan process, including following procedures to disburse funds to appropriate parties and collecting lien waivers. Uses the sales process to identify and recommend Magnifi Financial products and services to members based on financial need. Makes referrals to appropriate departments. Assists with Small Business Administration (SBA) and Government Guarantee loans. Suggests, and helps implement, process improvements to improve departmental efficiencies. Actively participates in community relations efforts to contribute to the mission and visibility of Magnifi Financial. Education And Experience Associate’s degree in a business-related field, or equivalent experience Three years of commercial banking experience in a financial institution preferred, or equivalent knowledge and skills gained from related work experience. Benefits Opportunities for Training and Development * Leadership Development * Job Level Advancement (ability to move up in your position through training and development) * Tuition Reimbursement * 32 Hours Volunteer Paid Time Off * Paid Time Off - starting at 4 weeks per year for FT; prorated for PT * Medical Dental Vision Employer paid Life Insurance/AD&D Employer paid Disability Insurance Retirement Plan - Employer match up to 4%, eligible for annual profit sharing * Paid Parental Leave Bonus/Incentive Program Health and Wellness Programs * Pay Transparency Salary Range: $24.39/hr. through $36.59/hr. Salaries vary based on factors such as location, internal equity, skills, experience, education, and qualifications for the role. Total compensation package varies based on position and may include bonuses, performance-based incentives, commission, and/or discretionary bonuses. Who We Are At Magnifi Financial, we offer a collaborative, friendly environment where we support our employee's growth and development, and create a positive work atmosphere. As a member-owned organization, we are focused on making dreams come true for our members. Our vision is enhancing the lives of members and community through strength, service and growth. Magnifi Financial has grown to more than 85,000 members, $2.4 billion in assets, over 400 employees, and over 25 branch locations throughout Minnesota. But what hasn’t changed is our focus on the members and communities we serve. #J-18808-Ljbffr Magnifi Financial