Commercial Loan Assistant

**Job Title:** Commercial Loan Assistant **Reports To:** Loan Assistant Manager and Portfolio Administrator **FLSA Status:** Non-Exempt **Summary** The Commercial Loan Assistant is responsible for assisting the Loan Officer with the loan application, documentation, and servicing processes. In addition, they are accountable for resolving potential problems in loan processing and interacting with internal and external customers/vendors as necessary. The primary responsibility of the Commercial Loan Assistant is to be the liaison between the commercial lending staff and the loan operations (processing) staff to ensure the timely and accurate documentation of new loans, renewals and extensions, and to rectify any problems impacting commercial loan customers. The Commercial Loan Assistant position requires gathering items for audits and reviews as it relates to this position and working with the Loan Processing Team to achieve complete and accurate files. **Job Functions:** - Follow federal regulation and related internal procedures - Attain a working knowledge of the loan policy, in respect to lending limits and approval requirements - Participate in conversations with assigned lenders to get and an understanding of the loans that will becoming through for processing - Insight on upcoming workload and organization are key and will benefit the lender and the processing team as the loan moves through the system for completion - Build physical file and scan all information received into Synergy - Use department checklists to gather complete and accurate information for new and existing loans byworking with the lenders, third party vendors and the customers to obtain the necessary documentation in order to proceed and send approvals through the Loan Processing Department - Maintain loan tracking reports per loan assistant - Review closing documents prior to loan funding to ensure any pending items are addressed and then, prepare and process the funding transactions and recording transactions as needed - Assist with resolving loan exceptions such as final title policies, etc. - Assist with issuing payoff letters - Assist with payments, draws and transfers - Assist with Lender with releases of liens and paid off files. - Maintain communication with the loan processing group and any other interested parties related to the loan - Assist commercial lenders in remaining aware of loans due to mature within the next 30 – 90 days - Other duties assigned by management Performance/Job Requirements: Positive attitude; significant volume of work that is accurate, thorough and neat; ability to work independently; proper judgment and decision-making skills; respect for customers, supervisor, and coworkers; maintains and ensures confidentiality; ability to accept and follow instructions; cooperation and teamwork; adherence to compliance requirements, rules and regulations; Follow bank and department procedures; proficient skills in using a calculator, personal computer, computer printers, copier; effective use of various computer applications such as Microsoft Office; Word, Excel and Outlook. Good understanding of loan products and requirements. Occasional travel may be required for training or other business related issues. **Education/Experience:** High School Diploma or equivalent All employees are required to comply with the Bank’s Anti Money Laundering/Bank Secrecy Act/Customer Identification Program Policy (AML/BSA/CIP Policy). Any willful or negligent non-compliance with this policy will result in disciplinary action which may include termination of employment. This job description doesn’t list all of the duties of the job. Supervisors or managers often assign other additional duties. This job description may be revised at any time.