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Unity Bank · 5 months ago

Commercial Loan Specialist - Edison

1746 Oak Tree Road, Edison, NJ, USA

Full-time

Onsite

Mid Level

$58K/yr - $73K/yr

3+ years exp

Unity Bank is seeking a Commercial Loan Specialist to support their commercial lending team. The role involves assisting with various commercial loan servicing activities, including customer onboarding, follow-ups, and preliminary underwriting.

BankingFinancial Services

Responsibilities

Address overdrawn accounts situations

Order credit reports on borrowers from Experian as needed

Perform site visits of customers place of business

Assist team with prep of credit memos with the loan officers for various purposes, including renewals, commitment extensions and loan revisions

Process servicing requests for existing loan customers, such as statement requests and copies of other documents

Monitor and report on assigned loan portfolio activity to bank management as requested

Follow up with borrowers to obtain financial information or documentation

Follow up with borrowers to obtain open items to facilitate the loan closing process

Obtain environmental report bids and engage vendors

Coordinate with borrowers and branch staff to open required deposit accounts before closing

Communicate with people outside the organization on a regular basis including borrowers, brokers, and accountants

Analyze personal credit data and personal financial statements to assist in the completion of Letters of Interest and commercial credit underwriting

Assist with commercial loan/payment collections

Begin the Loan Proposal write up and input as much information as possible, including existing deposit and loan balances, property info, code page info, etc

Attend loan closing if the loan officer is unavailable, depending on level of experience

Upload all documents and correspondence to Abrigo (financials, LPs, memos)

Move loans to closing once signed commitment letter and fees are received

Assist Portfolio Management with obtaining required financials and related information to complete Annual Reviews

Qualification

Commercial lending experienceFinancial analysisSBA lending knowledgeDatabase managementCustomer serviceMicrosoft Word proficiencyOrganizational skillsCommunication skillsAttention to detail

Required

Job requires strict attention to detail and thoroughness in the completion of job duties

Job requires analysis of financial information with oversight by a manager

Associates Degree preferred or related field or equivalent experience

Three years + working at a Commercial Bank or Credit Union

Ability to work independently with limited supervision

Ability to work in a structured environment with established procedures

Professional behavior mandatory at all times

Customer service oriented

Good organizational skills and ability to multi-task

Ability to effectively communicate with other bank departments

Excellent reading comprehension

Knowledge of administrative and clerical procedures and systems such as word processing, managing data, files, and records, designing forms, and other office procedures

Excellent computer skills in a Microsoft Windows environment including proficiency in Word

Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, and percentages

Ability to speak and write clearly to effectively convey information so that others understand and as appropriate for the needs of the audience

Ability to apply common sense understanding to carry out written and oral instructions

Ability to sit for long periods of time up to 75% of work hours

Ability to use hands to grasp, handle or feel

Ability use computer keyboard and system to enter data and process information

Ability to talk, hear, and see

Ability to use telephone to communicate with customers and employees

Ability to drive for site visits of customers

Use office equipment such as teller scanner, personal computer, telephone, mobile device, copier, fax machine, adding machine, etc