What are the responsibilities and job description for the Commercial Loan Specialist position at Happy State Bank - a division of Centennial Bank?
GENERAL DESCRIPTION OF POSITION
The Commercial Loan Specialist is responsible for performing administrative duties involving the processing of business loans. The Commercial Loan Specialist is primarily responsible for assisting commercial lenders. Loan specialists verify, compile, and complete loan applications. In addition, this position will prepare new loan requests to submit to loan processing, review the loan file to verify that data is complete and meets established standards.
ESSENTIAL DUTIES AND RESPONSIBILITIES
1. Provide outstanding customer service to customers and co-workers. This duty is performed daily, about 5% of the time.
2. Prepare new and renewal loan documents and correspondence with loan terms and conditions. This duty is performed daily, about 10% of the time.
3. Ensures loan documents are complete, accurate and recorded. This duty is performed daily, about 10% of the time.
4. Prepare and maintain commercial loan files according to specific loan requirements and bank policy. This duty is performed daily, about 10% of the time.
5. Manage inquiry calls and review with Loan Officer. This duty is performed daily, about 10% of the time.
6. Act as liaison between Loan Officer and loan processing, if applicable. This duty is performed as needed.
7. Assist customer with wire transfers and loan advances. This duty is performed as needed.
8. Review completed LOM for accuracy and submit to loan operations. This duty is performed quarterly, about 5% of the time.
9. Order supporting documentation. This duty is performed daily, about 5% of the time.
10. Perform pre-funding review. This duty is performed daily, about 10% of the time.
11. Close/fund loan if needed. This duty is performed daily, about 10% of the time.
12. Prepare loan package for shipping and booking. This duty is performed daily, about 10% of the time.
13. Pull maturity and past due reports. This duty is performed daily, about 5% of the time.
14. Inform officer of required documentation for loan renewals. This duty is performed daily, about 5% of the time.
15. Process draw requests / loan payments / transfers. This duty is performed daily, about 5% of the time.
16. Forward documents to loan operations for scanning. This duty is performed daily, about 5% of the time.
17. Handle loan research issues / questions. This duty is performed as needed, about 5% of the time.
18. Completes required BSA/AML training and other compliance training as assigned. This duty is performed quarterly.
19. The ability to work in a constant state of alertness and in a safe manner. This duty is performed daily.
20. Perform any other related duties as required or assigned.
QUALIFICATIONS
To perform this job successfully, an individual must be able to perform each essential duty mentioned satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.
EDUCATION AND EXPERIENCE
High school or GED, plus specialized schooling and/or on the job education in a specific skill area; e.g. data processing, clerical/administrative, equipment operation, etc., plus 2 years related experience and/or training, or equivalent combination of education and experience.
COMMUNICATION SKILLS
Ability to read and understand simple instructions, short correspondence, notes, letters and memos; ability to write simple correspondence. Ability to read and understand documents such as policy manuals, safety rules, operating and maintenance instructions, and procedure manuals; ability to write routine reports and correspondence. ability to effectively communicate information and respond to questions in person-to-person and small group situations with customers, clients, general public and other employees of the organization.
MATHEMATICAL SKILLS
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. Ability to apply concepts such as fractions, ratios, and proportions to practical situations.
CRITICAL THINKING SKILLS
Ability to solve practical problems and deal with a variety of known variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, or diagram formats.
REQUIRED CERTIFICATES, LICENSES, REGISTRATIONS
N/A
PREFERRED CERTIFICATES, LICENSES, REGISTRATIONS
Not indicated.
SOFTWARE SKILLS REQUIRED
Intermediate: 10-Key, Spreadsheet, Word Processing/Typing
Basic: Accounting, Alphanumeric Data Entry, Contact Management, Database, Presentation/PowerPoint
WORKING CONDITIONS
Somewhat disagreeable working conditions. Continuously exposed to one or two elements such as noise, intermittent standing, walking, pushing, carrying, or lifting. May involve some travel and/or work is at times, in the evening or during the night hours.
ENVIRONMENTAL CONDITIONS
The following work environment characteristics described here are representative of those an employee encounters while performing essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
The noise level in the work environment is usually moderate.
PHYSICAL ACTIVITIES
The following physical activities described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions and expectations.
Semi-repetitive, low physical. Semi-repetitive type work which requires periods of concentration for varied time cycles as prescribed by the tasks.
While performing the functions of this job, the employee is frequently required to use hands to finger, handle, or feel, talk or hear; and occasionally required to stand, walk, sit, reach with hands and arms, stoop, kneel, crouch, or crawl. The employee must occasionally lift and/or move up to 25 pounds; frequently lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision; distance vision; color vision; and ability to adjust focus.
ADDITIONAL INFORMATION
- Must be able to type 60 wpm, 10-key by touch and working knowledge of office equipment
- Must be detail oriented and have an analytical aptitude
- Must have proficient Microsoft Office skills specifically MS Word, Excel and Outlook
- Must have strong organizational, interpersonal communications, public relations and outstanding customer service skills
- Must be an excellent team player and extremely perception person who is capable of relating to individuals at all various levels within the organization
- Must be able to balance multiple tasks simultaneously and handle frequent interruptions
- Must have strong time management skills
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)
