Business Lending Portfolio Administrator

Sound Credit Union; Tacoma (WA); Hybrid; USD 45,000 - 68,000; Full time

Benefits offered by this job

100% employer paid premiums

401k match

Paid time off

Tuition assistance

Flexible benefits

Holiday pay

Bonus potential

Gym/lifestyle reimbursement

Job summary

Sound Credit Union in Washington state seeks a Business Lending Portfolio Administrator to oversee the loan review process and maintain strong member relationships. The role focuses on credit quality, financial analysis, and risk management across CRE, SBA, and C&I credits.

This hybrid position offers a competitive benefits package, including 100% employer-paid premiums, 401k match, tuition assistance, and generous PTO.

Qualifications

• 3+ years of direct experience in business/commercial loan portfolio duties.
• Experience within a financial institution preferred.
• Bachelor’s degree in Business Administration or related field preferred.
• High School Diploma or equivalent required.
• Must be bondable.

Responsibilities

• Manage the annual loan review process and business loan portfolio, including financial analysis, cash flow, covenants, collateral, risk-rating recommendations, site visits, and insurance coverage.
• Perform credit analysis and underwriting for renewals and participations across CRE, SBA, C&I, and lines of credit.
• Support portfolio administration, audits, and loan participations.

Skills

Credit analysis

Underwriting

Financial analysis

Portfolio management

Attention to detail

Education

Bachelor's degree in Business Administration

High School Diploma

Job description

Sound Credit Union is currently seeking a Business Lending Portfolio Administrator to join our team! If you have a passion for managing credit quality and maintaining member relationships, then this position at Sound might be the ideal opportunity for you. We offer a welcoming environment with opportunities for professional growth, a passion for community involvement and great benefits to support employee wellbeing.Your Compensation:Our pay ranges are built to allow for candidates with various levels of skill and experience to be considered and provide room for growth over time. The target salary range for this position is $32.69 – $40.87, depending on previous experience and education. The full salary range is $32.69 – $49.04.Why Work with Us:We stand by our purpose to support our members, employees, and communities through all waves of life. We pride ourselves on fostering a workplace that celebrates diversity and inclusivity, ensuring that every voice is heard and valued. Learn more about our company culture on our career's page!Your Benefits:100% employer paid premiums for medical, dental, vision, and disability for yourself and more than 70% for dependent’s premiums.401k match dollar for dollar up to 4% – plus an additional discretionary profit share.Three weeks Paid Time Off (PTO) accrued annually to start, with increases over tenure.Up to 40 hours of employer paid Work/Life Balance time, awarded annually.10 employer paid Federal Holidays every year.Up to 3% annual salary equivalent annual bonus may be awarded when the Credit Union meets its goals, paid each November.Up to $50/month gym/lifestyle reimbursement.Up to $5,000/year Tuition Assistance Program.Incentives for multilingual speakers.Employee Assistance Program (EAP) and Virtual Behavioral & Mental Health Services.Free and/or discounted banking services and loans.Employee Charitable Matching Program.Free ORCA pass.What You’ll Do:Responsibilities:Manage the annual loan review process and business loan portfolio, including financial analysis, cash flow, covenants, collateral, risk-rating recommendations, site visits, insurance coverage, and management of past-due, problem, and Watch List loans.Perform credit analysis and underwriting for business loan renewals and participations across CRE, SBA, C&I, and lines of credit.Support portfolio administration, audits, and loan participations.Requirements:3+ years of direct experience in business/commercial loan portfolio duties required.Experience within a financial institution preferred.High School Diploma or equivalent required.Bachelor’s degree in Business Administration or related field preferred.In addition:Must be bondable.Employer sponsorship to secure or maintain employment authorization is not available.Our Hours:A hybrid schedule Monday – Friday, 8 AM – 5 PM.This position can be based out of either our Tacoma or Alderwood corporate office.About Sound Credit Union…Sound Credit Union was founded in 1940 and is one of Washington State’s largest credit unions. We have 26 full-service branches located throughout the Puget Sound region. We live by our Guiding Principles of Make a Connection, Be a Champion, and Doing the Right Thing for our members, employees, and community. Visit our website at: https://www.soundcu.com/careers/ to apply.The Future is in Our Hands…Sound Credit Union is proud to be an Equal Opportunity employer that values and celebrates the unique perspectives and experiences each person brings to our team. We welcome talent from all walks of life and actively foster an inclusive workplace where every team member can thrive and belong.All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression, national origin, veteran status, disability, age or any other protected status. We believe our differences make us stronger and are committed to building a team that represents a variety of backgrounds, perspectives, and skills.