Commercial Loan Assistant

Deerwood-Bank; Mendota Heights (MN); On-site; USD 28,000 - 34,000; Full time

Benefits offered by this job

Medical insurance

Health Savings Account

Flexible Spending Account

Vision insurance

Life insurance

Short-term disability insurance

Long-term disability insurance

Adoption Assistance Program

Employee Assistance Program

PTO

Paid holidays

401(k) with company match

Financial wellness education

Banking product discounts

Job summary

Deerwood Bank in Mendota Heights, MN is seeking a full-time Commercial Loan Assistant to support the local lending team with pre-close, close, and post-close tasks. The role involves preparing loan files, coordinating closings, and handling ongoing loan servicing to maintain accurate records.

The ideal candidate has at least 2 years in commercial lending, strong communication skills, and proficiency with MS Office and SharePoint.

Qualifications

• 2+ years of experience in commercial loan origination or servicing.
• Strong written and oral customer relations skills.
• Excellent organizational skills and attention to detail.
• Proficient with MS Word, Excel, Access, PowerPoint, Outlook, and SharePoint.
• Ability to work collaboratively with team members.

Responsibilities

• Fund loans, run transactions and pay invoices related to loan closings.
• Track collateral insurance and ticklers.
• Assist in pre-close underwriting tasks (flood searches, title work, lien searches, credit reports).
• Review annual reviews with lenders and credit analyst; enter work requests for evaluations.
• Perform post-close tasks (lien perfection, insurance verification, scanning documents).
• Assemble documents into digital file system (ECM) and save borrowing documents in SharePoint.
• Maintain loan data in Phoenix/ECM with accuracy.
• Prepare loan files and set up ticklers for required information (insurance, financials).
• Prepare loan files for audit selections.
• Administer draw requests, collateral tracking, line advances, or wires.
• Process paid loan files and release collateral.
• Assist other locations with scanning/indexing into digital filing system.
• Research and confirm paid property tax ticklers annually.
• Perform other duties as assigned.

Skills

Commercial loan experience

Customer relations

Organizational skills

Team collaboration

MS Office proficiency

Tools

MS Word

Excel

Access

PowerPoint

Outlook

SharePoint

Job description

Deerwood Bank is hiring a full-time Commercial Loan Assistant to work in its Mendota Heights, MN location (not hybrid or work from home position). This position is responsible for working with the commercial lenders and lending specialist within the local branch on a variety of pre-close and post-close tasks and file preparation as well as ongoing servicing tasks required to maintain a current commercial loan file. This individual may coordinate loan closings with the commercial loan specialist and assist lenders with ongoing loan servicing needs.

Major Responsibilities and Duties:

• Fund loans, run transactions and pay invoices related to loan closings.
• Track collateral insurance and ticklers.
• May assist in pre-close underwriting tasks such as order flood searches, title work, lien searches and credit reports.
• Review with lenders and credit analyst the annual reviews and enter any work requests for evaluations, financials, etc.
• Perform a variety of post-close tasks such as lien perfection through mortgage, UCC and grant filings, insurance verification and scanning certain documents.
• Following loan closing, assemble documents into the digital file system (ECM) and make sure borrowing documents (Articles, Resolutions, etc.) are saved in SharePoint.
• Perform file maintenance in an accurate and timely manner to maintain integrity of loan data on bank operating system (Phoenix/ECM).
• Prepare loan files and ensure appropriate ticklers are set up to track required information (i.e., insurance, financial statements, etc.)
• Prepare loan files for audit selections.
• Administer draw requests, collateral tracking, line advances, or wires specific to file record-keeping.
• Process paid loan files and release collateral as authorized.
• Assist other locations with scanning & indexing into digital filing system.
• Research and confirm paid property tax ticklers annually.
• Perform other duties as assigned.

Knowledge, Skills and Abilities Necessary:

• Preferred minimum of 2 years of experience in commercial loan origination or servicing.
• Strong written and oral customer relations skills.
• Strong organizational skills, responsibility and attention to detail.
• Effectively operate all office equipment required to support this position, which includes but not limited to personal computer, fax, scanner/copier, printer, phone system, etc.
• Working knowledge of a variety of software applications in word processing, spreadsheets, database and presentation software (MS Word, Excel, Access, PowerPoint, Outlook, SharePoint).
• Must have the ability to work closely with team members in a collaborative and supporting manner.

Starting pay range : $20.00-25.00 per hour

Benefits are available to employees working 30 or more hours per week on the first of the month following date of hire.

• Medical insurance, including virtual telemedicine and mental health counseling
• Health Savings Account
• Flexible Spending Account (health, limited purpose health, and dependent care)
• Vision insurance
• Life insurance (basic and voluntary)
• Short-term disability insurance
• Long-term disability insurance
• Adoption Assistance Program
• Employee Assistance Program
• PTO
• Paid holidays
• 401(k) with company match (eligible on the first of the month following 2 months of employment)
• Financial wellness education
• Free or reduced fees for banking products and services