Commercial Lending Generalist-Hybrid

GreyMatter IT; Lowell (MA); Hybrid; USD 30,000 - 37,000; Full time

Job summary

Align Credit Union in Lowell, MA is seeking a Commercial Loan Monitor to oversee daily activity across the loan portfolio, ensuring compliance with covenants and regulations. The role collaborates with Lending Partner and internal teams to review annual updates, flood insurance, HMDA/CRA reporting, and document retention.

The ideal candidate has 1–3 years in lending, strong analytical skills, and can work in a hybrid model with 1–2 days on site weekly.

Qualifications

• 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.

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 delinquent annual reviews and efforts to collect documents.
• Monitor loans located in flood zones or recently remapped; verify coverage and coordinate flood insurance if needed.
• Ensure payments are applied correctly and interest/fees are accurate.
• Assist with data extracts for monthly/quarterly regulatory reporting (HMDA, CRA, LID, call report).
• Attend and take minutes for the monthly MBL Committee.
• Maintain tickers and collaborate with borrowers and lenders for timely updates to monitor covenants.
• Field member communications and escalate complex matters to improve turn times.
• Assist with gathering documents for audits/exams; maintain electronic filing system.

Skills

Team collaboration

Commercial underwriting

Financial statement analysis

Cash flow analysis

Tax return analysis

Job description

Effectively monitor commercial portfolio of new and existing commercial loans and facilities to ensure that they are compliant with established covenants and requirements under applicable loan documents, and consistent with the Federal regulations and Board of Director Policies, procedures, and standards. The function will include working with our lending partner, as well as working internally reviewing, commercial loans post closing on an ongoing basis with the intent of mitigating the inherent risk in the portfolio.

Essential Functions & 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.

Knowledge & Skills:

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.

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 postion and required one to two days per week on site in Lowell, MA.

Role:

Effectively monitor commercial portfolio of new and existing commercial loans and facilities to ensure that they are compliant with established covenants and requirements under applicable loan documents, and consistent with the Federal regulations and Board of Director Policies, procedures, and standards. The function will include working with our lending partner, as well as working internally reviewing, commercial loans post closing on an ongoing basis with the intent of mitigating the inherent risk in the portfolio.

Essential Functions & 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.

Knowledge & Skills:

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.

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 postion and required one to two days per week on site in Lowell, MA.

Monday-Friday 8:00AM-4:30PM
40 hours per week