Loan Assistant

AMERICAN BANK N A•Waco, TX

5d•Onsite

About The Position

The Commercial Loan Assistant works under the EVP, Loan Officer or Chief Lending Officer and is responsible for providing essential, administrative and technical support to commercial lenders, facilitating the loan process and ensuring compliance with regulations while being an integral part of managing the customer’s experience.

Requirements

Proficient document management skills
Advanced experience with Microsoft Office Suite
Ability to multitask while maintaining a high degree of attention to detail and accuracy
Excellent analytical problem-solving capabilities; ability to exercise independent judgment in methods, techniques and evaluation criteria for obtaining results
Able to exercise a high degree of confidentiality
Excellent and proactive calendar management skills
Excellent organizational skills
High level of integrity and discretion in handling confidential information and professionalism in dealing with people inside and outside of the company
Highly energetic and self-starter
Thoughtful decision-making, problem resolution and creative thinking skills a must
Be accountable and responsible with ability to learn from mistakes and feedback
Have a positive attitude
Banking experience required

Nice To Haves

Bachelor’s degree preferred
2+ years’ experience with Commercial lending preferred

Responsibilities

Create commercial loan files, responsible for maintaining department files in an accurate and efficient manner
Perform procedures related to advances, pay downs, and disbursement process
Prepare and review documentation of commercial loan closings as needed
Orders required due diligence items (i.e. Appraisals, Property Inspections, etc.)
Reviews accuracy and proper use of tracking reports for key information such as Flood Insurance, Property Tax Insurance, UCC’s, etc.
Liaison with loan officers, customers and third-party professionals (attorneys, appraisers, inspectors, etc.) to close loans in conformity with approved terms and conditions
Prepares funding information
Verifies that all pre-closing conditions have been met prior to authorizing funding
Approves daily overdrafts and determines if it will be charged, if the item will be paid or returned, etc. based on authority limits
Verify accuracy of wire request with customers prior to sending for approval
Consult with customers about the financial information needed for accounts and loans
Track inspection reports to verify accuracy of construction draws.
Manage exception reports including contacting customers for current financials
Manage maturing loan list including customer contact regarding loan renewals
Liaison between customers and other departments
Supports lending team