Commercial Loan Assistant

Commercial Loan Assistant Opportunity at Stanford Federal Credit Union! 

We’re on a mission to improve financial lives! If you’re a high-energy, compassionate, and collaborative individual with a desire to make a difference, we encourage you to consider joining our SFCU team! Members really do come first at Stanford FCU because we’re non-profit and owned by our members. Our members work for Stanford University or some of the most innovative companies in Silicon Valley—and we provide them with the most generous financial benefits in our industry. 

Stanford FCU is a $4 billion company with a global reach of over 88,000 members in 90 countries and growing! Come grow with us and see what it’s like to work for a Bay Area Top Workplace. As our CEO says, “we work hard, and we play hard”, and we need your help to improve even more financial lives!

The Commercial Loan Assistant (CLA) provides support to the Commercial and Business Department through various job functions. The CLA is responsible for ensuring accurate and timely set up of loans on the commercial LOS system and the credit union's core system. The CLA also completes boarding and disbursing of loans. The CLA performs certain tasks to ensure proper documentation and compliance under policies, procedures and NCUA regulations of all new loan originations, which include UCC filing, credit pulls, tax verification, and flood determinations. Under the supervision of the Director Credit Administration the CLA engages and coordinate appraisals, environmental reports, and site inspections, as well manage third party vendors. The CLA assists the Commercial Banking Officers in portfolio management tasks including collecting financials from members, following up for property taxes and insurance.

*Please note this is not a remote position, it is hybrid onsite*

Who YOU are: 

• You must be an energetic individual with an attention to detail and enjoy working in a collaborative environment.
• Be inquisitive and have want to learn all aspects of Commercial Lending. 
• Bachelor's degree, plus one year of residential or commercial lending experience preferred.
• Ability to perform necessary computer related input, with knowledge of MS Word, Excel, and PowerPoint.
• Effective verbal and written communication, organizational skills, and attention to detail.
•  Ability to interpret and apply regulatory requirements for state specific documents.
• Ability to assist in maintaining and updating operational procedures.

What YOU’LL do:

• Every day in the Commercial Lending Team, the Commercial Loan Assistant provides essential support in the processing, underwriting and documentation of commercial loans. We provide exceptional client service to internal and external partners and support our Commercial Loan Origination team in all aspects of the loan process to ensure that we are delivering a seamless lending experience to our clients.
• Set up new loans on LOS system and core system, including relationship profile, opening membership deposit account, and assigning loan number.
• Ensure loans are boarded and disbursed on core system accurately, including reconciliation of GL, verifying wire instructions, disbursement of checks. Accurately update loan covenants, risk rating, financial reporting, and loan review dates on core system.
• Engage and coordinate third party reports, including appraisal, environmental reports, and site inspections. 
• Complete due diligence tasks including but not limited to preparing & filing 4506C, pulling credit reports, filing UCC's and completing flood determinations.
   

Some of our benefits for YOU:   

• 100% paid employee medical, dental, vision, life/AD&D and short-term disability insurance for the employee; 50% paid for dependents
• Employer 401(k) matching up to 5% plus additional annual discretionary contributions
• Education reimbursement up to $5,200/year
• Employee recognition program with cash incentives 
• Commute benefits up to $900 per year 
• Paid Sick Time accrues at two weeks per year
• Paid Vacation Time accrues at three weeks per year
• Paid Federal banking holidays (approximately 10 per year)
• Ongoing training and education, seminars, and conferences
• Loan rate discounts on some products (vehicle, mortgage and HELOC loans)
• Waived fees and deposit bonuses on Stanford FCU accounts
• Flex health/transit plan availability 
• Employee Assistance Program with free benefits like counseling, help finding legal assistance and day care resources

If you are ready for this awesome opportunity (or know somebody who is) please contact us today! 

Please Note: SFCU does not provide work visa sponsorship or accept visa transfers for any positions. Applicants that require work visa sponsorship or transfer will not be considered for employment. SFCU does not provide any relocation benefits for any positions.   

Stanford Federal Credit Union is committed to equal employment opportunities, and a workplace that embraces diversity and inclusion for qualified individuals of all backgrounds.