Commercial Loan Assistant
Company Name:
Morrill & Janes Bank
The Commercial Loan Assistant provides quality and timely administrative support to and assists the Commercial Bankers with the servicing of the commercial loan portfolio in accordance with bank guidelines.
Responsibilities:
1. Assists commercial loan customers both in person and via phone calls, taking action on behalf of the Commercial Bankers, when appropriate and within scope of authority.
2. Handles customer accounts including processing loan payments, disbursements and advances, as well as monitoring NSF activity.
3. Manages Commercial Banker's calendars, schedule appointments, arrange meetings, conferences, facilities, catering and coordinating speakers' and speaking engagements.
4. Assists Commercial Bankers and Portfolio Managers in obtaining corporate entity information, credit reports, financial statements and related loan documentation, including but not limited to, title searches/commitments, UCC searches, and flood determinations, appraisals for new loans.
5. Creates customer contact information in Info Access and import/image preliminary documentation.
6. Images documentation to OnBase in an un-indexed format, on a timely basis, to ensure files contain the most recent information, and documentation is retained in accordance with bank guidelines.
7. Responsible for tracking trailing documents for all commercial loan files, maintenance of loan ticklers for incoming documents and retention of these documents in the applicable file(s).
8. Completes post-closing checklists and perform post closing tasks.
9. Filing or recording of collateral documentation to perfect lien.
10. Obtains final lien searches, certificate of title or title insurance and verify the correctness of the dates, amounts, legal description and vesting ownership.
11. Posts and/or performs appropriate entries for FASB, origination/documentation and/or deferred fees.
12. Approves/processes invoices related to loan closings; reconciles fees collected and disbursed to provide an accurate accounting of the transactions.
13. Prepares loan documentation for imaging, utilizing a computerized imaging system according to established standards.
14. Prepares loan comment to the file according to the established guidelines.
15. Works with Commercial Bankers and Portfolio Managers to resolve loan documentation issues and clear documentation exceptions within the appropriate time periods.
16. Using Info Access monthly reports, monitors missing/expired required documentation, including, but not limited financial statements and tax returns, in order to maintain current loan files.
17. Follows up with customers to obtain documentation required for the file.
18. Monitors daily, weekly and monthly reports for maturing and delinquent loans and work with Commercial Bankers, taking appropriate action, as necessary.
19. Works jointly with Commercial Bankers on Loans to be Funded and Supervisory LTV reports to obtain data for management reports.
20. Monitors closed loans report and process paid off loans in accordance with bank procedures.
21. Performs cash collateral and stock verifications and process UCC continuations in accordance with bank procedures.
22. Regularly attends and participates in staff and bank meetings as requested.
Requirements:
1. 1-3 years banking experience or training.
2. Equivalent combination of education and experience.
3. Broad knowledge and experience of Commercial/Ag lending and banking regulations, department operations, policies and procedures
a. Knowledge of required entity documentation for various business entities (Corporations, LLC's, Partnerships, etc.)
b. Knowledge of proper collateral documentation needed to obtain and perfect all types of collateral
c. Knowledge of government and specialty lending programs, as well as participated loan.
4. Proficient
computer
skills, including Windows, Excel, Word, and Outlook
a. Ability to type with speed and accuracy.
b. Knowledge of AS400 and Imaging Systems.Estimated Salary: $20 to $28 per hour based on qualifications.
Morrill & Janes Bank
The Commercial Loan Assistant provides quality and timely administrative support to and assists the Commercial Bankers with the servicing of the commercial loan portfolio in accordance with bank guidelines.
Responsibilities:
1. Assists commercial loan customers both in person and via phone calls, taking action on behalf of the Commercial Bankers, when appropriate and within scope of authority.
2. Handles customer accounts including processing loan payments, disbursements and advances, as well as monitoring NSF activity.
3. Manages Commercial Banker's calendars, schedule appointments, arrange meetings, conferences, facilities, catering and coordinating speakers' and speaking engagements.
4. Assists Commercial Bankers and Portfolio Managers in obtaining corporate entity information, credit reports, financial statements and related loan documentation, including but not limited to, title searches/commitments, UCC searches, and flood determinations, appraisals for new loans.
5. Creates customer contact information in Info Access and import/image preliminary documentation.
6. Images documentation to OnBase in an un-indexed format, on a timely basis, to ensure files contain the most recent information, and documentation is retained in accordance with bank guidelines.
7. Responsible for tracking trailing documents for all commercial loan files, maintenance of loan ticklers for incoming documents and retention of these documents in the applicable file(s).
8. Completes post-closing checklists and perform post closing tasks.
9. Filing or recording of collateral documentation to perfect lien.
10. Obtains final lien searches, certificate of title or title insurance and verify the correctness of the dates, amounts, legal description and vesting ownership.
11. Posts and/or performs appropriate entries for FASB, origination/documentation and/or deferred fees.
12. Approves/processes invoices related to loan closings; reconciles fees collected and disbursed to provide an accurate accounting of the transactions.
13. Prepares loan documentation for imaging, utilizing a computerized imaging system according to established standards.
14. Prepares loan comment to the file according to the established guidelines.
15. Works with Commercial Bankers and Portfolio Managers to resolve loan documentation issues and clear documentation exceptions within the appropriate time periods.
16. Using Info Access monthly reports, monitors missing/expired required documentation, including, but not limited financial statements and tax returns, in order to maintain current loan files.
17. Follows up with customers to obtain documentation required for the file.
18. Monitors daily, weekly and monthly reports for maturing and delinquent loans and work with Commercial Bankers, taking appropriate action, as necessary.
19. Works jointly with Commercial Bankers on Loans to be Funded and Supervisory LTV reports to obtain data for management reports.
20. Monitors closed loans report and process paid off loans in accordance with bank procedures.
21. Performs cash collateral and stock verifications and process UCC continuations in accordance with bank procedures.
22. Regularly attends and participates in staff and bank meetings as requested.
Requirements:
1. 1-3 years banking experience or training.
2. Equivalent combination of education and experience.
3. Broad knowledge and experience of Commercial/Ag lending and banking regulations, department operations, policies and procedures
a. Knowledge of required entity documentation for various business entities (Corporations, LLC's, Partnerships, etc.)
b. Knowledge of proper collateral documentation needed to obtain and perfect all types of collateral
c. Knowledge of government and specialty lending programs, as well as participated loan.
4. Proficient
computer
skills, including Windows, Excel, Word, and Outlook
a. Ability to type with speed and accuracy.
b. Knowledge of AS400 and Imaging Systems.Estimated Salary: $20 to $28 per hour based on qualifications.
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