Commercial Banking Associate

Bridgewater Bank•Bloomington, MN

8d•$63,700 - $70,000

About The Position

We are seeking a meticulous and self-directed Commercial Banking Associate to provide administrative management of a diverse loan portfolio to ensure client requests are promptly completed and communicates effectively with the Lending Hub regarding management of loan portfolio. The ideal candidate will have prior experience in Consumer Real Estate. Picture yourself at one of the Twin Cities’ best places to work, surrounded by people who challenge you, support you, and inspire you to be your best. Welcome to Bridgewater Bank. We are on a mission to be the finest entrepreneurial bank in the Twin Cities. Like true entrepreneurs, we run fast and lean. We are in constant evolution and the runway for personal and professional growth is long. People are our strength, and that’s why we’ve created and sustained an award-winning culture that promotes growth and celebrates the big and little wins along the way. At the end of the day, we believe competitive salaries, top-tier benefits, a hybrid work model, and transparency into the business is a given. Working together toward something meaningful with people you enjoy, is just a bonus!

Requirements

5-7 years of Commercial and Consumer loan servicing experience
Strong oral and written communication skills
High attention to detail and knowledge of rules, regulations and policies relating to loan documentation

Nice To Haves

Bachelor’s degree preferred

Responsibilities

File appropriate reports which may include title search, title work, flood certificates, surveys or other due diligence information from various sources and prepare reports and/correspondence as appropriate.
Proactively monitor compliance tracking system to ensure lien is recorded timely this includes insurance and real estate tax monitoring.
Manage internal/external requests and financial transactions within the term of the loan documentation, bank policies and procedures. Includes draws, payments, wire transfers, payoffs, and collateral releases.
Resource for Lenders, Loan Administrators, clients, and outside agencies by performing a variety of customer service activities including responding to requests, researching discrepancies, and resolving issues.
Perform maintenance on E/O/D, non-accrual, and special mention loan accounts.
Manage or maintain Loan Participation portfolio, general ledger accounts, flood related compliance audits and logs, Letter of Credit Log and other daily, month or quarterly reports as assigned.
Monitor payment and correspondence related to real estate taxes and insurance including REO properties, as assigned.
Manage, monitor and/or report activity related to denied/not approved loans, as assigned.