This job is closed
We regret to inform you that the job you were interested in has been closed. Although this specific position is no longer available, we encourage you to continue exploring other opportunities on our job board.
Peoples Credit Union - Middletown, RI
posted 2 months ago
About the position
The Commercial Lending Specialist at People's Credit Union plays a crucial role in supporting the Credit Union's commercial lending operations. This position is responsible for day-to-day loan administration, documentation, and disbursements of the commercial loan portfolio, ensuring compliance with federal regulations and internal policies. The role emphasizes collaboration, member service, and professional development, fostering a supportive community for both employees and members.
Responsibilities
- Perform assigned commercial loan operations functions ensuring all are completed accurately and within established guidelines and timeframes.
- Work closely with Portfolio Analyst and Head of Commercial Lending to monitor the loan pipeline and ensure all applications are progressing as expected.
- Ensure all loan documents have been accounted for prior to Closing by utilizing the Commercial Closing Checklist.
- Ensure the booking sheet is completed 48 hours prior to Closing and signed off by the Portfolio Analyst or Head of Commercial Lending as applicable.
- Assist with resolution of operational issues that arise for business loans.
- Consistently provide superior professional service to internal and external members.
- Coordinate with Portfolio Analyst and/or Head of Commercial Lending, members, and settlement agent to facilitate loan closings and ensure complete and accurate preparation of loan closing packages.
- Perform all construction disbursement requests (gather documentation, engage inspection, title rundown, update master budget sheet).
- Perform monthly payments to all institutions that the Credit Union has a Participation OUT loan with.
- Obtain appraisal quotes, engage appraiser, and appraisal reviewer.
- Track and obtain all outstanding post-closing documentation.
- Monitor all Commercial loan accounts for any items missing or due.
- Monitor Commercial loan annual review schedules and obtain all required documents.
- Contact applicants to request specified information for loan applications as needed.
- Order credit reports and request information pertinent to the evaluation of loan application.
- Review settlement statements, process requests for wire transfers, advances, and payments.
- Work with Loan Servicing to onboard new loans to COCC after a review of the funding documentation has been completed.
- Assist in gathering information, performing research or other related administrative type tasks for commercial loan requests and for monitoring existing commercial lending relationships.
- Adhere to and demonstrate the behaviors of the Credit Union's core values, and actively work to enhance the member experience throughout the Credit Union.
Requirements
- High school diploma or GED.
- 2 to 5 years of related experience in commercial and business lending practices and procedures.
- Strong mathematical, analytical, and organizational skills with attention to detail.
- Good oral and written communication skills.
- Working knowledge of Microsoft Word and Excel.
Nice-to-haves
- Experience in commercial lending operations.
- Familiarity with federal regulations related to lending.
Benefits
- Health insurance
- Dental insurance
- 401(k) with competitive employer match
- Robust Wellness Program
- Employee Recognition Program
