What are the responsibilities and job description for the Commercial Loan Coordinator II position at Kitsap Bank?
Job Description
Job Description
Join the Kitsap Bank Family as a Commercial Loan Coordinator II
We have the greatest employees in the world. We truly care about each other, our customers, and the communities around us. We only hire the best people, who believe that the customer comes first. As a local, family-owned company, we embrace our family culture and we recognize our responsibility to supporting others.
This position may be eligible for an annual bonus depending on business factors and if the employee meets eligibility criteria.
Compensation Structure :
Grade : 16 Range : $21.35 – $32.04
Typical Hiring Range : $23.00 – $28.00
Summary : The Commercial Loan Coordinator II works collaboratively with a relationship team consisting primarily of Relationship Managers, Credit Analyst, Credit Officer, Loan Origination, and Loan Operations to efficiently deliver lending solutions to our clients and prospects. The Loan Coordinator is responsible for driving the loan closing process from start to finish; initiating renewals and extensions with assistance of the Relationship Managers. The Loan Coordinator may assist the Relationship Manager in originating new loans and providing servicing support for existing customers; including facilitating and performing various functions with loan documentation, compliance and relationship servicing.
Essential Functions :
- Responsible for ordering and reviewing documentation of all types of commercial loans including real estate, construction, and C & I loans. Responsible for ensuring the accurate representation of business terms, conformity to credit approval, bank policies, prepares accurate closing instructions, and ensures all appropriate signatures have been obtained.
- Works closely with multiple parties including at times, outside counsel, title companies, escrow officers and other lenders to achieve a well-coordinated and timely loan closing.
- Gathers, organizes, and maintains audit quality documents for commercial / business loan files with minimal errors and or assistance per Bank Policy. Ensures document storage system includes accurate and complete records. Reviews all entity formation documentation to gain an understanding of the borrowing and guaranteeing entities associated with a loan.
- Orders all appropriate documents for collateral documentation (i.e., appraisals, title commitments, flood reports, vehicle titles, UCC summaries, etc.) identifies items and takes timely action on conditions to be satisfied with minimal assistance from the Relationship Manager.
- Communicates and coordinates activities with Borrower, Relationship Managers, Credit Officer, Credit Analyst, Loan Origination, and Loan Operations to meet deadlines, closing expectations, loan set-up, and maintenance.
- Proactively provides process improvements to continuously enhance client servicing, documentation efficiency, and quality.
- Monitors and coordinates upcoming loan reviews and renewals, working with the Relationship Manager, Credit Analyst, Credit Officer, and client to ensure timely renewal.
- Adheres to and is knowledgeable on federal, state, and compliance regulations including BSA / AML program, USA Patriot ACT, OFAC and related due diligence. Adheres to all Bank compliance procedures and requirements.
Additional Responsibilities :
Required Education, Experience, and Skills :
Physical Requirements :
Retirement :
Time Off :
Salary : $23
