Commercial Loan Assistant 2

Oklahoma Employment Security Commission - Stilwell, OK

Full-time - Mid Level

Stilwell, OK

About the position

The Commercial Loan Assistant 2 plays a crucial role in supporting Commercial Bankers by managing a large and complex commercial loan portfolio. This position requires providing timely assistance and exceptional service to both lenders and customers, ensuring compliance with bank guidelines and facilitating the loan process effectively.

Responsibilities

• Assist Commercial Banker in obtaining corporate entity information and related loan documentation.
• Review loan documents prior to closing and close loans with customers.
• Oversee the loan documentation pipeline by updating officer and borrower on loan status.
• Identify clients' operational needs and bank products/services to meet these needs.
• Serve as liaison with legal counsel, borrower, and third-party vendors in coordinating receipt and review of required documents.
• Perform post-closing reviews to ensure that loan files contain documents with proper signatures and dates.
• Obtain credit information and ensure sufficient loan collateral.
• Recognize selling opportunities and effectively cross-sell bank products and make referrals.
• Work the Technical Exceptions (TE) list to ensure that bank security interests in the files are perfected in a timely manner.
• Disburse loan funds after closing and image loan documents within established timelines.
• Communicate with Group Appraisal and Consolidated Loan Support regarding the processing of loans.
• Collect and analyze customer financial information and obtain updated financial information annually.
• May have lending authority for secured loans up to $10,000.
• Serve as a resource to lower-level Loan Assistants.
• Understand and comply with bank policy, laws, regulations, and the bank's BSA/AML Program.

Requirements

• High school diploma or GED required.
• 5 years banking or equivalent related experience, 2 of which are as a Loan Assistant or equivalent loan operations required.
• Working regulatory knowledge such as privacy, safeguarding customer information, Regulation B, Equal Credit Opportunity Act, Regulation Z, Truth in Lending, CRA, HMDA, and flood regulations required.
• Current NMLS SAFE Act Registration or the ability to be registered within 30 days required.
• Successful completion of Fundamentals of Commercial Lending or ability to acquire within 90 days required.

Nice-to-haves

• 7 years of experience as a Commercial Loan Assistant
• AA/AS degree preferred
• Arvest experience preferred.

Benefits

• Comprehensive suite of health and life benefits
• Financial benefits
• Wellness benefits