Business Banking Specialist

Bankeasy; Edina (MN); On-site; USD 32,000 - 43,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

401(k)/ESOP

Paid Time Off

Flexible work arrangements

Paid parental leave

Student loan repayment assistance

Job summary

Bankeasy in Edina, MN is seeking a Business Banking Specialist to provide administrative support to the loan process and assist Business/Commercial Bankers. You will prepare loan documentation, coordinate with title and insurance companies, and ensure files comply with policies.

This role supports loan origination and ongoing file maintenance. The position offers an hourly wage with comprehensive benefits including medical, dental and vision plans, 401(k)/ESOP, paid time off and flexible work

Qualifications

• Associate degree and 2 years of relevant experience, or the equivalent.
• Experience with lending administration and documentation is preferred.
• Knowledge of banking concepts and loan policy/guidelines.
• Ability to interact with customers, bankers, and professionals.
• Excellent customer service, communication, and collaboration skills.

Responsibilities

• Assist with loan and credit underwriting documentation including title work and appraisals.
• Prepare loan documentation using loan operating software and verify all details.
• Coordinate with title and insurance companies and resolve inquiries.
• Serve as a liaison between bankers and internal departments throughout loan progress.
• Follow procedures from application to origination for business banking products.
• Assist with advances, wire requests, lien releases, and transfers as needed.
• Monitor loan files for complete documentation and assist in underwriting packages.
• Monitor current and paid loan files for maintenance and payoff notices.
• Participate in compliance training and team meetings.

Skills

Customer service

Attention to detail

Collaboration

Communication

Education

Associate degree

Tools

Loan operating software

Job description

## Business Banking SpecialistApplylocations: Edina, MN: Cambridge, MNtime type: Full timeposted on: Posted 5 Days Agojob requisition id: R-100767**Job Description:**This person is responsible for providing administrative support to the Business/Commercial Bankers throughout the loan process.**Qualifications:** This person should have an associate degree and 2 years of relevant experience, or the equivalent. Experience with lending administration and documentation is preferred. This person should exhibit knowledge of banking concepts, practices, and procedures, including an understanding of loan policy and guidelines. The ability to interact with customers, bankers, and other professionals is required. Exceptional customer service, communication, attention to detail, and collaboration skills are necessary.**Principle 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.The anticipated hourly range for this role is between **$22.87** and **$30.88**. This range is a good faith estimate for the position. The actual compensation offered to a candidate may differ based on various factors, including the individual’s relevant experience, training, skills, work location, and other considerations. For those in eligible roles, we offer incentive compensation based on individual performance. Furthermore, this role may qualify for a variety of benefits, such as Medical, Dental, and Vision insurance, Health Savings Accounts, 401(k)/ESOP, Paid Time Off, Flexible Work Arrangements, Paid Parental Leave and Student Loan Repayment Assistance. Learn more at www.bankeasy.com\\careers.