Commercial Loan Assistant

Stanford Federal Credit Union•Palo Alto, CA

2d•Onsite

About The Position

Commercial Loan Assistant Opportunity at Stanford Federal Credit Union! We’re on a mission to improve financial lives! If you’re a high-energy, compassionate, and collaborative individual with a desire to make a difference, we encourage you to consider joining our SFCU team! Members really do come first at Stanford FCU because we’re non-profit and owned by our members. Our members work for Stanford University or some of the most innovative companies in Silicon Valley—and we provide them with the most generous financial benefits in our industry. Stanford FCU is a $4.5 billion company with a global reach of over 95,000 members in 90 countries and growing! Come grow with us and see what it’s like to work for a Bay Area Top Workplace. As our CEO says, “we work hard, and we play hard”, and we need your help to improve even more financial lives! The Commercial Loan Assistant (CLA) provides essential operational and administrative support to the Commercial Lending Department. This role is responsible for the accurate and timely setup of commercial loans in both the loan origination system (LOS) and the credit union’s core processing platform. Responsibilities include updating core system data—such as loan review dates, risk ratings, financial covenants—and generating and distributing reports related to portfolio and risk management. This is not a remote position, it is onsite in Palo Alto, CA

Requirements

Bachelor’s degree, plus one year of residential or commercial lending experience
Possess versatility and flexibility to successfully serve as a backup to other positions.
Knowledge with MS Word, MS Excel, and MS Powerpoint.
Effective organizational skills and attention to detail.
Ability to interpret and apply regulatory requirements for state specific documents.
Assist in maintaining and updating operational procedures.
Ability to communicate both verbal and written.
Ability to perform necessary computer related input.

Responsibilities

Accurately report and maintain loan data within the LOS and core system including new loan set up, financial and portfolio management tracking.
Support Commercial Banking Officers by contacting members for financial statements, updated insurance, property tax information and other required documents, ordering appraisals, environmental due diligence, site inspections and obtaining credit reports.
Support Commercial Loan Documentation Specialists by preparing 4506-C forms, filing UCC’s, obtaining flood determinations, and assist in onboarding of loans.
Coordinate documentation for loan participations including providing loan files and supporting material for loan sales, annual reviews and ongoing monitoring.
Maintain and monitor third-party vendors to ensure licenses, documentation and insurance remain current.
Coordinate loan file delivery for internal audits, external audits, and NCUA examinations.
Participate in department or organizational projects as assigned.

Benefits

100% paid employee medical, dental, vision, life/AD&D and short-term disability insurance for the employee; 50% paid for dependents
Quarterly incentives up to 10% of your salary (based on position)
Employer 401(k) matching up to 5% plus additional annual discretionary contributions
Education reimbursement up to $5,200/year
Employee recognition program with cash incentives
Commuter Toll reimbursement $100-$200/month (based on position)
Wellness Benefits up to $1,200 per year
Paid Sick Time accrues at two weeks per year
Paid Vacation Time accrues at three weeks per year
Paid Federal banking holidays (approximately 11 per year)
Ongoing training and education, seminars, and conferences
Loan rate discounts on some products (vehicle, mortgage and HELOC loans)
Waived fees and deposit bonuses on Stanford FCU accounts
Flex health/transit plan availability
Employee Assistance Program with free benefits like counseling, help finding legal assistance and day care resources