Commercial Banking Associate

Member FDIC; BLOOMINGTON (MN); On-site; USD 63,700 - 75,200; Full time

Job summary

Bridgewater Bank in Bloomington, MN, is seeking a meticulous Commercial Banking Associate to provide administrative management of a diverse loan portfolio and ensure client requests are promptly completed. The role requires strong collaboration with the Lending Hub to monitor portfolio activity.

Ideal candidates will have prior experience in commercial or consumer banking, excellent communication, and sharp attention to detail, with a commitment to regulatory compliance and client service

Qualifications

• 5-7 years of Commercial and Consumer loan servicing experience.
• Strong oral and written communication skills.
• High attention to detail and knowledge of rules, regulations and policies relating to loan documentation.

Responsibilities

• Serve as a secondary point of contact for loan clients.
• Collect, organize, and review due diligence documents for loan origination.
• Coordinate with Lenders, Loan Administrators, clients, and outside agencies by performing a variety of customer service activities including responding to requests, researching discrepancies, and resolving issues.
• Track deal progress and ensure timely follow-up on outstanding items.
• Communicate loan status updates to clients and internal stakeholders.
• Maintain accurate client records in our Loan Origination System and loan tracking systems.
• Help identify potential issues early and elevate as needed.
• Proactively monitor exception tracking system to ensure file accuracy.
• Manage internal/external requests and financial transactions within the term of the loan documentation, bank policies and procedures. Includes loan advances, payments, wire transfers, payoffs, and collateral releases.
• Manage or maintain Letter of Credit Log and other daily, month or quarterly reports as assigned.
• Manage, monitor and/or report activity related to denied/not approved loans, as assigned.

Skills

Commercial loan servicing

Consumer loan servicing

Oral and written communication

Attention to detail

Regulatory knowledge

Job description

We are seeking a meticulous and self-directed Commercial Banking Associate to provide administrative management of a diverse loan portfolio to ensure client requests are promptly completed and communicates effectively with the Lending Hub regarding management of loan portfolio. The ideal candidate will have prior experience in Commercial or Consumer banking.

RESPONSIBILITIES

• Serve as a secondary point of contact for prospective and existing loan clients.
• Collect, organize, and review required due diligence documentations for loan origination.
• Coordinate with Lenders, Loan Administrators, clients, and outside agencies by performing a variety of customer service activities including responding to requests, researching discrepancies, and resolving issues.
• Track deal progress and ensure timely follow-up on outstanding items.
• Communicate loan status updates to clients and internal stakeholders.
• Maintain accurate client records in our Loan Origination System and loan tracking systems.
• Help identify potential issues early and elevate as needed.
• Proactively monitor exception tracking system to ensure file accuracy.
• Manage internal/external requests and financial transactions within the term of the loan documentation, bank policies and procedures. Includes loan advances, payments, wire transfers, payoffs, and collateral releases.
• Manage or maintain Letter of Credit Log and other daily, month or quarterly reports as assigned.
• Manage, monitor and/or report activity related to denied/not approved loans, as assigned.

QUALIFICATIONS

• 5-7 years of Commercial and Consumer loan servicing experience
• Strong oral and written communication skills
• High attention to detail and knowledge of rules, regulations and policies relating to loan documentation

COMPENSATION & BENEFITS

The typical annual base pay range for this role is between $63,700 - $75,200. Compensation may vary based on individual job-related knowledge, skills, expertise, and experience. This position is eligible for a discretionary annual incentive program driven by organization and individual performance.

Bridgewater Bank provides a broad offering of competitive benefits including (but not limited to):

• Basic term and optional term life insurance
• Short-term and long-term disability
• Parental leave
• 401(k) with employer match
• Paid vacation & paid holidays

NOTE

The above is intended to describe the general content of and requirements for this position. It is not to be construed as an exhaustive list of duties, responsibilities, or requirements. It is Bridgewater Bank’s policy to promote equal employment opportunities. All personnel decisions, including, but not limited to, recruiting, hiring, training, promotion, compensation, benefits and termination, are made without regard to race, creed, color, religion, national origin, sex, age, marital status, sexual orientation, gender identity, citizenship status, veteran status, disability or any other characteristic protected by applicable federal, state or local law.

STATUS

Exempt

EQUAL OPPORTUNITY EMPLOYER

This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.