Commercial Loan Administrative Assistant

Marine Bank
Champaign, IL Full Time
POSTED ON 6/11/2023 CLOSED ON 9/17/2023

Job Posting for Commercial Loan Administrative Assistant at Marine Bank

Job Description:
The Commercial Loan Administrative Assistant is responsible for supporting the assigned Commercial Lending Officers by providing administrative, business development, customer, and clerical support by performing a variety of routine and complex assignments.
Required Experience:
*
Essential Duties and Responsibilities*

  • Independently prepare loan documentations and coordinate document production with loan officer, credit, and documentation review staff.
  • Serves as a key contact person for commercial loan customers.
  • Answer customer inquiries concerning loan programs and bank transactions. Refer customers to the appropriate person/department or investigate customer problems and initiate corrective action as needed.
  • Monitor and document loan maturity and expiring commitment reports and coordinate with the lending officer the timely renewal of both.
  • Responsible for initiating the process of the collection of borrower financial records.
  • Responsible for monitoring and correcting all loan exceptions.
  • Responsible for ordering loan documentation due diligence.
  • Responsible for obtaining all required regulatory and documentary customer information.
  • Interface with customer and third-party providers in the origination and renewals of customer loans.
  • Monitors the status of borrowing compliance with established covenants and controls.
  • Interfaces with the Credit department and Loan Operations department to facilitate documentation review, underwriting, approval, loan closing, and product implementation.
  • Assist Department Manager and/or Market President as assigned.
  • May perform other duties as assigned or required.

Qualifications

  • Must be able to work independently.
  • Independent thinking, analytical and problem-solving abilities with attention to detail and accuracy.
  • Strong interpersonal, communication (written and verbal), and organizational skills with the ability to work independently, as well as, collaboratively within a team environment.
  • Ability to interact effectively with all levels of management, while maintaining strict confidentiality.
  • Commitment to excellent customer service and follow through skills.
  • An understanding of commercial loan terminology.
  • Working knowledge of commercial loan documentation.
  • Working knowledge of Laser Pro, CSI, Information Access, Sageworks a plus.

Requirements

  • Associates degree or equivalent loan knowledge or working experience required, bachelor’s degree in business related a plus.
  • Understanding of commercial lending or relevant experience preferred.
  • General knowledge of loan documents.
  • Excellent written and verbal communication skills.
  • Ability to manage and prioritize multiple tasks and projects simultaneously.
  • General knowledge and understanding of bank deposit operations, lending activity, and other related consumer banking and compliance functions.
  • Working knowledge and use of Microsoft Office Suite (Word, Excel).

From: Marine Bank

Benefits: Marine Bank offers a highly competitive benefit plan which includes:

  • Insurance:
  • Health
  • Dental
  • Vision
  • Life
  • Disability-Long and Short Term
  • Critical Illness
  • Accident
  • FSA
  • DCA
  • 401(K) plan with employer matching contributions
  • Time off :
  • Vacation
  • Sick
  • Personal
  • Holidays
  • Bonus Incentives

Job Type: Full-time

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Salary.com Estimation for Commercial Loan Administrative Assistant in Champaign, IL
$55,438 to $71,933
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