Commercial Portfolio Specialist

Description

The mission of Oklahoma Central Credit Union is to make a difference in the lives of our employees, our members, and the communities we serve. We know we must make a difference in the lives of our employees for them to make a difference for our members and communities.

Your role:

In your role as Commercial Portfolio Specialist, you will be responsible for handling the portfolio management activities of commercial loan relationships. These activities may include assisting in annual loan reviews, origination and preparation of incoming loan requests, loan renewals and extensions, collecting financial statements, tax returns, credit underwriting, evaluation, loan structuring, and exception and loan covenant monitoring.

In this role you will:

• Perform pre-qualification assessments and gather the necessary loan application package/documents, along with business, financial, and personal background information required to move forward with the member’s credit request and present written memos outlining the financing request to Member Business Loan Committee and third-party underwriting vendor.
• Maintain the loan pipeline and loan lead follow-up.
• Work in tandem with loan operations on the annual reviews of the current portfolio and the processing of potential loans.
• Assist potential borrowers with the application process.
• Identify opportunities to expand business within the portfolio by cross-selling additional products and services.
• Communicate credit approvals to members, visit loan collateral, deliver loan documents for signature, and ensure that loan requests are processed and booked.
• Review flood certifications, title reports, and credit reports for accuracy and information verification.
• Act as liaison between appraisal reviewers, title companies, buyers, and sellers.
• Maintain credit quality and annual reviews of assigned loan portfolio within Credit Union standards and guidelines; promptly surface all risk issues uncovered while uncovered while managing the portfolio. Work in concert with management to assess emerging risks and develop resolution strategies.
• Prepare and verify weekly commercial loan reports.
• Maintain a strong working knowledge of the Credit Union's current policies and guidelines established for Commercial Lending.
• Monitor and manage delinquent loans.
• Responsible for the annual review, renewal, loan covenant compliance reviews, and collection of financial documents for the Credit Union's commercial loan portfolio.
• Authorize commitment and decline letters.
• Perform other job-related duties as assigned, including but not limited to representing the credit union at community events, networking opportunities, and industry gatherings to build brand awareness and generate leads.
• Comply with the requirements of all Credit Union policies and procedures, including but not limited to the Bank Secrecy Act and Anti-Money Laundering regulations as they relate to the position.
• Comply with all security guidelines related to physical and information security.
• Deliver service to both internal and external members that are aligned with the Credit Union's Service Standards and meet all established service goals.

Benefits you can expect when you join Oklahoma Central Credit Union:

• Competitive pay - Cha-ching!
• Work-life balance - Your family, hobbies, and life outside of work are important to us!
• 401 (k) retirement plan - You contribute to our future, so we contribute to yours
• Best-in-class healthcare coverage - Helping you stay healthy
• Generous PTO and federal holidays - We prioritize what matters
• Community Service - We believe in giving back to the community and you'll receive up to 40 hours of paid volunteer time off

Requirements

Who we're looking for:

You’re a great communicator. Influencing others and building strong relationships with internal staff, external members, and businesses comes naturally to you. You are a self-starter and are no stranger to a fast-paced environment and tight deadlines, and you are relentless in ensuring that work is completed through effective task management. You’re accurate, organized, and analytical. You know how to translate complex information for a broad spectrum of audiences.

You'll need to have:

• High school diploma, GED or higher
• Three or more years of similar or related experience in a financial institution

Even better if you have:

• Bachelor’s degree or higher
• Previous commercial lending experience

Oklahoma Central Credit Union is proud to be an Equal Opportunity Employer and Drug-Free Workplace!