What are the responsibilities and job description for the Commercial Loan Assistant - Pinhook Lafayette position at Community First Bank?
Summary/objective
Assists loan officers with research of loans, organize new and renewal loan documents, prepares the loan file for loan closing and issues loan proceeds checks. Provides customer support after loan closing. Work with lender to stay up to date on various reports. Work to clear post-closing exceptions. Responsible for filing and confirming UCC and collateral documents. A Commercial Loan Assistant I has foundational knowledge of loans, loan documentation and loan closing processes. This position reports to the Commercial Lending Department.
Essential Functions
Reasonable accommodations may be made to enable individuals with disabilities to perform these essential functions.
Demonstrate proficiency in analyzing and interpreting loan requests and documents of varying degrees of complexity. Consumer and commercial loan request include various collateral, new loans, renewals with increases and modification agreements.
No
Physical demands
Office setting with moderately varied desk-oriented activity, with fatigue being relieved by opportunities to stand and move around in a comfortable environment. Ability to lift/move/carry approximately 20 pounds if required to perform the essential job functions. If the employee is unable to lift/move/carry this weight and can be accommodated without causing the department an “undue hardship” then the employee must be accommodated; hence, omitting lifting as a physical requirement.
Travel Required
Travel may be necessary
Required Education, Knowledge And Experience
Assists loan officers with research of loans, organize new and renewal loan documents, prepares the loan file for loan closing and issues loan proceeds checks. Provides customer support after loan closing. Work with lender to stay up to date on various reports. Work to clear post-closing exceptions. Responsible for filing and confirming UCC and collateral documents. A Commercial Loan Assistant I has foundational knowledge of loans, loan documentation and loan closing processes. This position reports to the Commercial Lending Department.
Essential Functions
Reasonable accommodations may be made to enable individuals with disabilities to perform these essential functions.
Demonstrate proficiency in analyzing and interpreting loan requests and documents of varying degrees of complexity. Consumer and commercial loan request include various collateral, new loans, renewals with increases and modification agreements.
- Conducts the day-to-day administration of all aspects of assigned consumer and commercial loans.
- Verifying insurance coverage and completing additional external documents (e.g., flood, Census Tract, Secretary of State, etc.).
- Order progress inspections and reviews inspections results that are used to calculate the amount to be funded to borrowers and/or builders. (Loan Officer)
- Prepare and send wires and various Bank tickets to accompany loan packages to attorneys. Funds and wires construction funds and loan proceeds.
- Identify insurance policies accurately (e.g., hazard, collision, builders risk, workers comp, general liability, flood).
- Ordering and/or completing flood, census tract, Secretary of State, etc.
- Exhibit a working knowledge of general lending policies and practices.
- Reviews executed loan documents received from closing attorneys.
- Partner with Bankers, and Centralized Para Lenders to ensure that the loan process is smooth and to resolve documentation and timing issues as necessary.
- Maintain customer service focus on internal and external customers to encourage positive business relationships.
- Stay abreast of regulatory and compliance issues that impact credit decisions and loan documentation including Fair Lending, HMDA and Credit Life.
- Manage post-closing exceptions to an acceptable level.
- Effective communication skills (oral, written, listening)
- Excellent computer skills
- Knowledge of elements required to close a loan
- Ability to multi-task
- Ability to work well under pressure
- Ability to work under general supervision
- Ability to complete accurate, detailed work within specific timeframes
- Minimum 2 years prior experience as a loan assistant
- Effective communication skills (oral, written, listening)
- Excellent computer skills
- Knowledge of elements required to close a loan
- Ability to multi-task
- Ability to work well under pressure
- Ability to work under general supervision
- Ability to complete accurate, detailed work within specific timeframes
No
Physical demands
Office setting with moderately varied desk-oriented activity, with fatigue being relieved by opportunities to stand and move around in a comfortable environment. Ability to lift/move/carry approximately 20 pounds if required to perform the essential job functions. If the employee is unable to lift/move/carry this weight and can be accommodated without causing the department an “undue hardship” then the employee must be accommodated; hence, omitting lifting as a physical requirement.
Travel Required
Travel may be necessary
Required Education, Knowledge And Experience
- Minimum 5 years in financial industry setting
- Proficient in handling computers and should be well versed in using MS Word and Excel along with good typing skills.
- Minimum three years of experience with loans
- Familiar with a variety of loan products
- Prior work experience in preparing the loan documentation