Business Banking Specialist

First Bank & Trust•Edina, MN

5d•$23 - $31•Onsite

About The Position

This person is responsible for providing administrative support to the Business/Commercial Bankers throughout the loan process. This role involves assisting with loan and credit underwriting documentation, initiating and building loan documentation, acting as a liaison between bankers and internal departments, and performing additional banking services. The specialist will also monitor in-process and current business loan files, assist in preparing credit packages and annual reviews, and stay up-to-date on system, process, product, and regulatory changes. Adherence to company policies, procedures, and compliance is essential.

Requirements

Associate degree and 2 years of relevant experience, or the equivalent.
Knowledge of banking concepts, practices, and procedures, including an understanding of loan policy and guidelines.
Ability to interact with customers, bankers, and other professionals.
Exceptional customer service skills.
Exceptional communication skills.
Exceptional attention to detail.
Exceptional collaboration skills.

Nice To Haves

Experience with lending administration and documentation is preferred.

Responsibilities

Assist Business/Commercial Bankers with loan and credit underwriting documentation including, but not limited to title work, appraisals, etc.
Initiate and build loan documentation utilizing loan operating software and verify all details (orders, collateral, disclosures, etc.) of initial loan files are complete and accurate according to policies and procedures.
Work closely with title company and insurance companies as needed.
Act as a liaison between bankers and internal departments to coordinate client requests and resolve inquiries.
Collaborate closely with internal related departments as loan progresses.
Serve as a resource for any funding/post funding questions.
Follow established procedures and practices for processing business banking products from application to origination.
Perform additional banking services, including completing advances, initiating wire requests, lien releases, making advances/payments, and transfers as needed.
Monitor in-process loan files for receipt of complete and accurate documentation for underwriting.
Assist in preparing credit packages for submission to underwriting.
Monitor all current business loan files and paid loan files to ensure proper maintenance according to established procedures.
Monitor reports, provide loan payoffs, and release collateral.
Assist in preparing annual reviews and work multiple discrepancy lists.
Remain up to date on system, process, product, and regulatory changes.
Attend all team meetings and training opportunities as deemed appropriate by the supervisor.
Act in accordance with FBT policies and procedures as set forth in the employee handbook.
Adhere to compliance procedures and participate in required compliance training.