Description

SUMMARY DESCRIPTION

This position will oversee all aspects of business lending to deepen member relationships and provide for outstanding member experience in order to achieve organizational goals. Must be knowledgeable of all aspects of business lending, regulatory compliance, best practices, lending technology and functional expertise. The Business Lending Administrator is responsible for origination, documentation, closing, dispersing and servicing of business loans. Responsible for providing top-quality client support. Additional responsibilities may extend across business areas that span the entire lending department. 

JOB RESPONSIBILITIES

• Coordinate the execution of loan documents along with the funding and booking of commercial loans through collaboration with internal and external members/partners. Manage the funding and disbursement of assigned loan transactions.
• Provide customer service, communicate with third parties (attorneys, vendors etc.). Responsible for lien perfections and lien terminations and document archiving.
• Coordinate appraisal ordering through 3rd party vendor and act as liaison between vendor and business bankers.
• Must be able to identify key information in all documentation being reviewed, as well as understand entity documents and identify principals and signers.
• Produce loan documentation and/or review attorney prepared loan documentation, ensuring it is in accordance with approved credit presentation and adheres to loan policy.
• Develop, implement, and update business loan operating processes and procedures to ensure compliance with State and Federal regulations and internal compliance requirements.
• Assist the consumer loan processors and business account departments as projects arise.
• Ensure business loan procedures are up to date with all regulations and credit union policy requirements; Monitor department compliance with procedures and policy; address issues promptly and efficiently 
• Collaborate with others in management, communicating with transparency and prioritizing a team-based approach, to develop and implement strategies that will support new lending relationships and/or additional products.
• Maintain an in-depth knowledge of the business lending industry and market as well as knowledge of competitors and competitive products.
• Serves as an escalation point for sensitive member issues and resolves them in a positive manner.
• Perform other duties as assigned

Requirements

CORE COMPETENCIES

• Represent the Credit Union with honesty and integrity while delivering high levels of customer service in all interactions.
• Excellent written and verbal communication skills
• Thorough knowledge of financial institution products and services
• Ability and desire to lead and work as part of a team and with people of diverse backgrounds
• Excellent critical thinking and problem-solving skills.
• Strong computer and technical skills, in particular MS Office products.
• Strong organizational skills and attention to detail
• Versatility, flexibility, and a willingness to work on consistently changing priorities with enthusiasm
• Outstanding people skills – will be frequently working in a time-sensitive environment
• Ability to make decisions, work independently, handle confidential information and manage multiple tasks
• Ability to self-train

EDUCATION OR FORMAL TRAINING/EXPERIENCE

• Bachelor’s degree in a business discipline from an accredited college or university; Associates’ degrees with relevant work experience will be considered.
• Minimum of 3-5 years of experience in a loan administration department or as a commercial loan closer is strongly preferred, although a combination of related experience and education may meet requirements
• Experience with Laser Pro software and attorney prepared loan documentation is preferred
• Underwriting experience is preferred.

COMPENSATION & BENEFITS

Starting hourly rate - $26.44 depending on experience

Being a part of Partner Colorado CU has its benefits. We offer valuable benefits designed for you, your family, and your life. Our plans are cost-effective, convenient and provide ways for staying healthy, protecting loved ones, pursuing financial security and living a full and balanced life. There is a potential for Annual Performance Bonus, Medical Plans, Dental, Vision, HSA, 401(k) match, Life/AD&D, Accident, Hospital Indemnity, Long Term Care, Short-term Disability, Long-term Disability, Identity Theft, Paid Time Off, Paid Holidays, Personal and Professional Development.

WORKING ENVIRONMENT

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of the job. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions. While performing the duties of this job, the employee is regularly required to talk or hear. The employee is occasionally required to stand; walk; use hands to finger, handle, or feel objects, tools, or controls; reach with hands and arms; climb or balance; and stoop, kneel, crouch, or crawl. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth vision, and the ability to adjust focus. 

The work environment characteristics described here are representative of those an employee encounters while performing the essential duties of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions. The employee is required to travel, by auto, to various branch locations as determined by staff training needs.