Commercial Banking Associate

Bridgewater Bank; BLOOMINGTON (MN); Hybrid; USD 64,000 - 75,000; Full time

Benefits offered by this job

Hybrid work model

Competitive benefits

401(k) with employer match

Paid vacation and holidays

Job summary

Bridgewater Bank is seeking a meticulous Commercial Banking Associate in Bloomington, MN to manage a diverse loan portfolio and respond to client requests efficiently. The role emphasizes collaboration with the Lending Hub and prior commercial real estate experience.

The position offers a hybrid work model, competitive compensation, and a strong benefits package, including life insurance, disability coverage, and a 401(k) with employer match, with an exempt, full-time schedule.

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 prospective and existing loan clients.
• Collect, organize, and review due diligence documents for loan origination.
• Coordinate with Lenders, Loan Administrators, clients, and outside agencies by performing customer service tasks.
• 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 Loan Origination System and tracking systems.
• Proactively monitor exception tracking to ensure file accuracy.
• Manage loan-related transactions including advances, payments, wire transfers, payoffs, and collateral releases.
• Manage or maintain Letter of Credit Log and other routine reports.

Skills

Communication skills

Attention to detail

Loan servicing experience

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 Real Estate.

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 escalation 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

ABOUT BRIDGEWATER BANK:

Picture yourself at one of the Twin Cities’ best places to work, surrounded by people who challenge you, support you, and inspire you to be your best. Welcome to Bridgewater Bank.

We are on a mission to be the finest entrepreneurial bank in the Twin Cities. Like true entrepreneurs, we run fast and lean. We are in constant evolution and the runway for personal and professional growth is long. People are our strength, and that’s why we’ve created and sustained an award-winning culture that promotes growth and celebrates the big and little wins along the way.

At the end of the day, we believe competitive salaries, top-tier benefits, a hybrid work model, and transparency into the business is a given. Working together toward something meaningful with people you enjoy, is just a bonus!

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

PLEASE 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.