Commercial Banking Operations Specialist I
About The Position
Nusenda Credit Union is seeking a full-time Commercial Banking Operations Specialist I to provide operational support for the Commercial Banking Department and help mitigate transaction and compliance risk. The role reviews pre-funding requirements for loan files and business deposit accounts for compliance with organizational documents, authorities, CIP requirements, and BSA regulations. It prepares loan documentation in accordance with credit approval, helps ensure collateral interests are perfected, coordinates third-party report requests, and handles booking and funding for new loans and renewals. The specialist also maintains exceptions and reports in tracking systems; handles loan billing, research, servicing, modifications, and collateral releases; and supports Commercial Relationship Teams. The position prepares loan input forms and boards new loans, renewals, modifications, and extensions on the core system, typically involving standard loan structures. It processes loan fundings after confirming funding requirements, approval conditions, and controls are satisfied. It conducts quality control reviews of loan documents against approved credit memorandums and ensures reporting and financial covenants are accurately incorporated and collateral security interests are perfected.
Requirements
- One to three years of similar or related experience.
- Associate degree, completion of a two-year college degree, or equivalent.
- Experience multitasking, meeting strict deadlines, handling sensitive information, and resolving problems while providing exceptional service.
- Knowledge of Microsoft 365 technologies and internal systems affiliated with the department.
Responsibilities
- Prepare loan input forms and board new loans, renewals, modifications, and extensions on the core system.
- Process loan fundings, confirming funding requirements, approval conditions, and funding controls are satisfied before disbursement.
- Review loan documents against approved credit memorandums for compliance with approval conditions, policy, regulatory requirements, and funding controls.
- Ensure reporting and financial covenants are accurately incorporated into loan documentation and collateral security interests are perfected.
- Review pre-funding requirements for loan files and business deposit accounts for compliance with organizational documents, authorities, CIP requirements, and BSA regulations.
- Prepare accurate loan documents in compliance with credit approval.
- Coordinate third-party report requests.
- Maintain exceptions and reports in tracking systems.
- Handle loan billing, research, servicing, modifications, and collateral releases.
- Provide research and support to Commercial Relationship Teams.
- Stay current on Credit Union policies, procedures, and regulatory requirements.
Benefits
- Competitive employee benefits, including health and wellness options.
- Competitive 401(k) matching contributions.
- Professional development.
- Tuition assistance.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
Associate degree
