What are the responsibilities and job description for the Commercial Loan Operations Specialist position at Mercantile Bank?
Join Mercantile Bank as a Full-Time Commercial Loan Operations Specialist and elevate your career in a dynamic onsite environment located in Comstock Park, Michigan. This role offers the unique opportunity to be at the forefront of the banking industry, playing a vital part in facilitating commercial loans that drive local businesses forward. Be part of a collaborative team focused on customer-centric solutions, where your problem-solving skills will be highly valued. Our culture encourages innovation and inclusivity, making every day at the bank an energetic and engaging experience.
With a commitment to excellence, you will have the chance to contribute to a high-performance team that prioritizes integrity and accountability. Discover the excitement of being a pivotal player in a forward-thinking organization that truly values its community and employees. Apply today and take the next step in your professional journey!
Hello, we're Mercantile Bank
Mercantile Bank was founded by entrepreneurs who believed building strong relationships and communities is accomplished through collaboration and innovation. It’s more than being a financial institution, it’s being a trusted ally and community partner. As Michigan’s largest community bank, our roots are deeply embedded in the diverse communities we serve. Our commitment to our customers and community is at the core of all we do. As an employee of Mercantile Bank, you will receive competitive compensation, bonus opportunities, and best-in-class medical benefit options. With a minimum of 3 weeks’ vacation, sick time, 11 paid holidays, generous 401k match of 5%, company paid life insurance, tuition reimbursement, IVF and adoption assistance, zero-interest loans for fitness equipment and business attire, discounted bank services, employee stock purchase plan, 529 savings plans, health savings accounts, flexible spending accounts, legal protection, exceptional training and development opportunities, and encouragement to connect with community through volunteer opportunities.
Day to day as a Commercial Loan Operations Specialist
As a Commercial Loan Operations Specialist at Mercantile Bank, you will play a vital role in ensuring the timely and accurate processing of commercial loans, utilizing your strong organizational skills and attention to detail. This higher-level position requires expertise in the daily data entry and maintenance of the Loan Accounting System, collateral file, and imaging systems. Your responsibilities will include loading commercial loan packages onto the core system, monitoring adjustment requests, and managing non-posted transactions.
You will also review daily reports, verify the accuracy of loan inputs, and ensure quality assurance across all operations. Your ability to maintain data integrity will be crucial as you assist in cleaning up names, addresses, and collateral information. By identifying trends and mitigating risks, you will help uphold the bank's commitment to excellence and customer satisfaction while complying with all regulatory requirements.
Join us in this pivotal role and contribute to the efficiency and success of Mercantile Bank.
Would you be a great Commercial Loan Operations Specialist?
To succeed as a Commercial Loan Operations Specialist at Mercantile Bank, candidates must bring 1-3 years of relevant job experience, demonstrating a solid understanding of banking operations. Proficiency in computer programs, particularly Microsoft Office, is essential for efficient data management and reporting. An accounting background will enhance your ability to calculate payment and interest figures accurately, ensuring the integrity of loan transactions. Experience in bank loan operations and familiarity with lending regulations will be advantageous, especially in the booking and maintenance of complex commercial loans. A high school education or equivalent will be considered, provided you possess the necessary knowledge, skills, and abilities to perform the job functions effectively.
Attention to detail, strong organizational skills, and an ability to communicate clearly will be critical in verifying loan accuracy and managing operational workflows. Your commitment to excellence and dedication to maintaining data integrity will further contribute to your success in this pivotal role.
Education:
- A high school education or GED
- Equivalent job-related education and/or experience will be considered if the necessary knowledgeskills and abilities to perform the functions of the job are proven.
Preferred Experience Education and/or Skills:
- Previous bank loan operations experience
- Lending regulations
- Booking and maintenance of complex Commercial loans
- Loan documentation
Connect with our team today!
If this sounds like the right job for you, don't wait - apply today to join our team. We look forward to hearing from you!