Commercial Banking Assistant I

POSITION SUMMARY

Provides full administrative support to Commercial Banking Officers (CBO) and serves as a liaison between the CBO and member to maintain and build the member relationship. Maintains commercial loan, deposit, and services files according to Magnifi Financial policies, procedures, and state and federal regulations.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Provides assistance to commercial members in all areas of the member relationship with Magnifi Financial including loans, deposits, and other services.

• Effectively communicates to the commercial member, CBO and support staff teams on loan, deposit, and services status/updates.

• Assists with maintaining CBO deposit, loan, and services portfolios.

• Maintains existing member agricultural/commercial lending files by reviewing files and monitoring lending reports and ticklers to assure that proper documentation is included and up to date.

• Assists with preparation of new loan requests and extensions as required.

• Orders/receives title work, flood determination, environmental risk assessment, and insurance.

• Requests and reviews loan documents.

• Assists with covenant monitoring and notifies lenders of violations.

• Prepares proposal/commitment letters and adverse actions.

• Perfects liens via recording mortgages and fixture filings and filing for lien holder status on titles.

• Requests disbursements/loan advances, subordinations, partial releases, satisfactions, and fee reversals.

• Keeps abreast of rules, regulations and Credit Union policy relating to member commercial loans.

• Works with CBO to monitor construction loan process, including following procedures to disburse funds to appropriate parties, collecting lien waivers, and taking pictures of construction projects as requested.

• Verifies business inventories and floor plans as requested by CBO.

• Uses the sales process to identify and recommend Magnifi Financial products and services to members based on financial need. Makes referrals to appropriate departments.

• Assists with Small Business Administration (SBA) and Government Guarantee loans.

• Actively participates in community relations efforts to contribute to the mission and visibility of Magnifi Financial.

EDUCATION AND EXPERIENCE

• Two-year degree in a business-related field plus two years’ experience in commercial banking; or equivalent knowledge and skills gained through a minimum of four years related work experience.

The Benefits

We are committed to investing in our team! Magnifi Financial offers benefits that help everyone achieve their full potential. Full-time employees are eligible for the following benefits (benefits with an asterisk are also available to eligible part-time positions):

• Opportunities for Training and Development *
• Leadership Development *
• Job Level Advancement (ability to move up in your position through training and development) *
• Tuition Reimbursement *
• 32 Hours Volunteer Paid Time Off *
• Paid Time Off - starting at 4 weeks per year for FT; prorated for PT *
• Medical
• Dental
• Vision
• Employer paid Life Insurance/AD&D
• Employer paid Disability Insurance
• Retirement Plan - Employer match up to 4%, eligible for annual profit sharing *
• Paid Parental Leave
• Bonus/Incentive Program
• Employee Engagement/Health and Wellness Programs *

Who We Are:

At Magnifi Financial, we offer a collaborative, friendly environment where we support our employee's growth and development, and create a positive work atmosphere. Magnifi Financial has received the special recognition of being named a Top 200 Workplace, voted on by our employees, for the 9th year in a row. As a member-owned organization, we are focused on making dreams come true for our members. Our vision is enhancing the lives of members and community through strength, service and growth.

Magnifi Financial has grown to more than 90,000 members, over $2 billion in assets, over 400 employees, and over 25 branch locations throughout Minnesota. But what hasn’t changed is our focus on the members and communities we serve.

Behaviors

• Dedicated: Devoted to a task or purpose with loyalty or integrity
• Loyal: Shows firm and constant support to a cause
• Team Player: Works well as a member of a group

Motivations

• Growth Opportunities: Inspired to perform well by the chance to take on more responsibility
• Ability to Make an Impact: Inspired to perform well by the ability to contribute to the success of a project or the organization
• Flexibility: Inspired to perform well when granted the ability to set your own schedule and goals
• Work-Life Balance: Inspired to perform well by having ample time to pursue work and interests outside of work

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)