Commercial Lending Generalist, Align Credit Union, Lowell, MA

Cooperative Credit Union Association; Lowell (MA); Hybrid; USD 30,000 - 37,000; Full time

Job summary

Align Credit Union is seeking a Commercial Lending Generalist to monitor the loan portfolio, ensure compliance, and support regulatory reporting from Lowell, MA. The role requires collaboration across lending, risk, and partner teams.

Responsibilities include reviewing annuals, flood insurance management, data extraction for HMDA/CRA, and document retention. This hybrid position offers on-site work one to two days weekly.

Qualifications

• One year to three years of similar or related experience.
• Ability to collaborate across Commercial lending, risk management, CUSO partners, and other areas of the credit union.
• Knowledge of underwriting, financial statement and tax return analysis, cash flow, global cash flow, debt service coverage, and pro forma analysis helpful.

Responsibilities

• Monitor Commercial Loan portfolio and track annual reviews.
• Verify flood insurance coverage and manage force placement if needed.
• Review transactions and remits to ensure correct interest and fees.
• Prepare data extracts for HMDA, CRA, LID, and call report.
• Maintain loan portfolio tickers and coordinate updates with borrowers and lenders.
• Field member communications and escalate complex requests to improve turn times.
• Assist with data gathering for audits and exams.
• Maintain electronic filing system for all loan documents.
• Perform other duties as assigned.

Skills

Commercial lending experience

Cross-functional collaboration

Financial statement analysis

Job description

Align Credit Union is seeking a Commercial Lending Generalist.

Responsibilities

• Monitor Commercial Loan portfolio to determine when annual reviews are due. Track and follow up on any missing paperwork with members or vendors. Provide updates and reporting on any delinquent annual reviews as well as efforts exhausted to collect the necessary documents.
• Monitor loans located in a flood zone or loans that have recently been remapped. Verify coverage is in place and at the appropriate level. If required work with Loan Servicing Department to have flood insurance force placed. Maintain compliance with all state, and federal regulations as well as CU policies and procedure regarding flood insurance.
• Review all transactions and monthly remits from Lending Partner. Verify payments are applied correctly and that CU is being paid appropriate amount of interest on all accounts. Additionally monitor fees are being accessed in a appropriate manner and rebates are being correctly paid.
• At the direction of AVP Commercial Loan Officer assist with gathering data extracts for monthly and quarterly regulatory reporting for HMDA, CRA, LID and call report. This will include attending and taking minutes for the monthly MBL Committee.
• Maintain tickers and collaborate with Borrowers and Lending Partners to secure timely financial and loan level updates to facilitate effective monitoring of assigned portfolio and ensure compliance with financial and other covenants.
• Field communications from members and work towards fulfilling their requests. Escalate more complex matters in order to enhance turn times.
• At the direction of the Commercial Credit Portfolio Manager, assist with gathering of documents for the purpose of audits and exams.
• Responsible for document retention for all new and existing Commercial Loans. Verifying all required documents are readily available should they be needed and create appropriate electronic filing system when physical paper files are not required.
• Other job-related duties, as assigned.

At Align Credit Union, we believe in pay transparency and are committed to providing our employees and candidates with access to information about our compensation practices. The expected base pay rate offered for this role is $22.00- $27.00 per hour. Compensation may vary based on relevant experience, skills, competencies, and certifications.

This is a hybrid position and required one to two days per week on site in Lowell, MA. Monday-Friday 8:00AM-4:30PM

Requirements/Skills Needed

• One year to three years of similar or related experience.
• Ability to collaborate effectively across Commercial lending, risk Management, CUSO partners, and other areas of the credit union.
• Knowledge of commercial underwriting, financial statement and tax return analysis, cash flow, global cash flow, debt service coverage, and pro forma analysis helpful.