Department: Loan Operations
Superviser: Vice President -Loan Operations
Type of Position: Full Time, Non-Exempt, On-Site
Location: Fitchburg, WI
Date Generated: 10/18/2024
Position Overview
Collaborating most closely with commercial lenders as well as credit and third-party vendors, the Commercial Loan Specialist documents and perfects collateral for new and renewed commercial loans. Responsible for commercial loan processing activities including knowledge of software, systems, regulations and policy. Maintains professional relationships with internal and external contacts to ensure successful commercial loan processing for our clients.
Position Responsibilities
- Responsible for drafting new and renewed commercial loan documents such as construction loans, letters of credit, term loans, lines of credit and participation loans.
- Maintains a high degree of knowledge in all bank programs, ensuring timely quality service and accuracy for all activities.
- Maintains knowledge of commercial loan programs including but not limited to Small Business Administration (SBA), rate SWAP financing and participations purchased.
- Perfects the Bank’s interest in security agreements to ensure the Bank is in the proper collateral lien position.
- Responsible for coordinating supporting documentation such as organizational documents, title work, insurance and any other required items.
- Reviews and analyzes supporting documentation and searches (ie: DFI, UCC, flood) obtained to support the approved loan transaction.
- Disburses loan proceeds and onboards loans in the Bank’s core system (FISERV Navigator).
- Orders and processes appraisals for commercial loans.
- Reviews construction draw requests and disburses funds according to loan officer approval.
- Ensures accurate loan records in both paper and electronic format.
- Works collaboratively within the loan operations team performing daily department tasks such as account and system maintenance, maintaining and developing procedures, and project-related assignments.
- Maintains awareness of legal requirements and best practices, adhering to established bank policies and procedures to mitigate risk.
- Other activities as needed to drive toward our vision and fulfill our mission as a loan operations team and organization.
Position Qualifications
- Associate’s degree in business administration or other equivalent work experience.
- Knowledge of FISERV Premier, Compliance One or Laser Pro and other commercial loan processing systems preferred.
- Proficient with Microsoft Office programs (ie: Word, Excel) and Adobe Acrobat Standard.
- Demonstrated analytical, accuracy, and problem-solving skills leveraging banking knowledge and experience.
- Attentive to details to assure accuracy, detect errors and provide quality follow through.
- Ability to meet deadlines and prioritize work while working independently.
- Demonstrated ability to multi-task and adapt to evolving technologies and workflows.
- Strong client service disposition along with effective verbal and written communication skills.
- Able to collaborate as part of an overall team, supporting others throughout the bank to achieve goals and objectives.
Compensation & Benefits
- Competitive Wages
- Excellent Group Health Care
- Dental and Vision Insurance
- 401K Retirement Plan
- Flexible Spending/HSA Opportunities
- Special Bank Services Discounts
- Professional Development Opportunities
Schedule Details
Work is performed largely in an office environment. Hours of work are generally during regular business hours (Monday – Friday, 8:00 am – 5:00 pm). There may be some variation in work hours due to special projects, deadlines, or other concerns.
Contact Human Resources at 608.441.6000 for information on current openings or email us at hr@oak.bank.
Note: This position description is not inclusive of all assigned responsibilities and may be amended based upon business needs. We are an equal opportunity workplace. Qualified applicants will be considered without regard to race, color, religion, sex, sexual orientation, gender identity, age, marital status, national origin, disability, Veteran status or any other characteristic protected by law.
*Position level and compensation dependent upon banking and leadership experience.
