What are the responsibilities and job description for the Commercial Loan Coordinator position at Busey?
WHAT YOU’LL DO
The Commercial Loan Coordinator will work with the Relationship Manager, commercial loan documentation, loan servicing, and customers to process all aspects of the commercial lending function.
Additional Duties:
- Gather financials and other necessary documentation, from prospects and existing customers needed to submit to underwriting.
- Input new loan requests in credit system and maintain the loan record throughout the loan process – terms of loan, collateral, borrowers/guarantors, upload supporting relationship and loan documentation, etc.
- Analyze loan packages and collateral files for completeness.
- Research and work with Relationship Managers to clear collateral and financial exceptions as necessary.
- Assist Relationship Managers to manage their maturing loans report and help facilitate timely loan renewals.
- Manage loan files and closings for new, renewed, modified loans.
- Assist customers with loan advances/pay downs/payments, commercial loan questions/inquiries, deposit questions/transaction requests, wires, etc.
In addition to the above, and including educational and training requirements, the Commercial Loan Coordinator Team Lead will also execute the following:
- Supervise, evaluate, provide operational coaching of Loan Coordinators and assist with hiring; will act as a trainer for new members of the Loan Coordination team
- Complete compliance/operational tasks as determined by the Regional Commercial Loan Coordinator Manager.
WHAT YOU’LL BRING
Knowledge of:
- Strong oral and written communication skills
- Strong organizational skills
- Excellent time management
Ability to:
- Multi-task and work independently
- Perform duties under frequent time pressures
- Complete work with frequent interruptions
- Handle difficult problems involving multiple facets and variables in non-standardized situations
EDUCATION, TRAINING & STANDARDS OF PERFORMANCE
Loan Coordinator I:
- Requires High School diploma.
- Requires 2 or more years of related banking experience, commercial banking experience preferred.
Loan Coordinator II:
- Requires High School diploma; continued education preferred.
- Requires a minimum of 2 or more years of loan coordinating experience. Capable of handling a pipeline of 15 loans at any given time.
Loan Coordinator III:
- Requires High School diploma; continued education preferred.
- Requires a minimum of 5 or more years of loan coordinating experience. Capable of handling a pipeline of 20 loans at any given time.
- Can be designated as Team Lead based on need and Regional Manager’s/RP’s determination; previous supervisory experience preferred.
Standards of Performance:
Customer Service - Adheres to The Busey Promise service standards set by Service Excellence in order to anticipate and exceed the needs of our customers, both internal and external.
Functional Knowledge and Technical Skills - Skilled in job-specific knowledge that is necessary to provide the appropriate quantity and quality of work in a timely and efficient manner.
Accountability - Work behaviors demonstrate responsible personal and professional conduct, which contributes to the overall goals and objectives of Busey.
Interpersonal Relations (Teamwork) - Interacts effectively with others to establish and maintain smooth working relations.
Attention to Detail – Working in a conscientious, consistent, and thorough manner.
Information Gathering and Processing – Locating and collecting data from appropriate sources and analyzing it to prepare meaningful and concise reports that summarize the information.
Oral Communication – Communicating ideas and information verbally to ensure that information and messages are understood and have the desired impact.
Written Communication – Communicating ideas and information in writing to ensure that information and messages are understood and have the desired impact.
Busey believes that diversity and inclusion among our teammates is critical to our success as a company, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool.
Equal Opportunity Employment is a priority for Busey and all qualified applicants will receive consideration regardless of race, color, religion, national origin, genetic information, sex (including pregnancy), age, sexual orientation, gender (including gender identity and expression), marital status, military status, veterans status, citizenship status, work authorization status, disability, order of protection or any other characteristic protected by applicable law or other non-merit based factors.
