Cooperative Business Services (CBS) · 1 month ago
Commercial Loan Fraud Specialist
United States
Full-time
Remote
Senior Level
$78K/yr - $90K/yr
5+ years expCooperative Business Services (CBS) is committed to excellence in business lending, providing innovative solutions for financial institutions and borrowers. The Commercial Loan Fraud Specialist conducts comprehensive reviews of commercial loans to ensure underwriting quality, compliance, and to identify potential fraud and misrepresentation.
BankingCommercialCreditFinanceFinancial ServicesReal Estate Investment
Responsibilities
Performs in-depth reviews of commercial loans to assess underwriting quality, loan structure, financial analysis, compliance with internal policies and regulatory requirements
Traces borrower and affiliate financial transactions from loan inception to identify inconsistencies, undisclosed relationships, or unusual fund movements
Investigates potential fraud, misrepresentation, or conflicts of interest involving borrowers, brokers, or originators to safeguard the organization's assets
Reviews insurance coverage, appraisals, environmental reports, and title documentation to verify accuracy and compliance
Identifies and documents exceptions in title searches, policies, and loan documentation to ensure proper risk mitigation and record-keeping
Prepares detailed investigative reports outlining findings, risk implications, and recommended corrective actions for management
Collaborates closely with credit, compliance, legal, and risk management teams to address identified issues and strengthen controls
Preforms other related duties as assigned by management
Qualification
Required
Bachelor's degree in finance, accounting, forensic accounting, or related field
5+ years of experience in commercial lending, loan review, forensic accounting, or financial investigations
Strong knowledge of banking regulations, loan documentation, and fraud detection techniques
Preferred
Certified Public Accountant
Certified Fraud Examiner
Certified Regulatory Compliance Manager designations
Benefits
Remote Work Environment
Generous Holidays: Take advantage of 13 paid holidays each year
Comprehensive Insurance Coverage: Choose from a selection of medical, dental, vision, and supplemental benefit plans to suit your needs. Additionally, the company provides company-paid Short-Term Disability (STD), Long-Term Disability (LTD), and life insurance equivalent to 1 time your salary.
401(k) Plan: The company provides a generous matching contribution of up to 6%.
Tuition Assistance
Company
Cooperative Business Services (CBS)
Cooperative Business Services offers a comprehensive, end-to-end commercial lending solution that empowers financial institutions with cutting-edge software, expert services, and strategic business development resources.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Andy Weingartner, CCUE
Chief Credit Officer
Recent News
Small Business Trends
2024-12-31
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