Commercial Loan Assistant

Oak Valley Community Bank; Stockton (CA); On-site; USD 50,000 - 70,000; Full time

Benefits offered by this job

Medical coverage

Dental coverage

Vision coverage

Retirement with employer match

Paid time off

Job summary

Oak Valley Community Bank in Central Valley, CA is seeking a Commercial Loan Assistant to support Loan Officers with loan processing, documentation, and portfolio management. This full‑time role reports to the Loan Administration Supervisor and offers a comprehensive benefits package.

You will handle loan intake, coordinate with underwriters, gather financials and reports, and assist with budget preparation for construction loans. Strong organization and communication are essential.

Qualifications

• High school diploma or equivalent.
• Experience in banking or financial services with commercial credit or loan processing.
• Strong organizational skills and attention to detail.
• Proficiency in loan processing software and Microsoft Office Suite.

Responsibilities

• Review incoming loan requests or updated financial packages for accuracy.
• Create workflows for loan applications onto the commercial lending software for underwriting.
• Coordinate with underwriters and loan officers to obtain a complete loan package.
• Coordinate the timing of approvals and obtain financials, tax returns, appraisals, and other reports.
• Manage loan documentation requests and ensure compliance with policies and regulations.
• Assist with construction loan budgets and related servicing tasks.

Skills

Strong organizational skills

Attention to detail

Excellent communication

Proficiency in loan processing

Microsoft Office Suite

Education

High school diploma or equivalent

Associate's degree in finance or business

Tools

Loan processing software

Microsoft Office Suite

Job description

Position: Commercial Loan Assistant
Location: Central Valley, CA
Job Type: Full-Time
Department: Credit
Reports To: Loan Administration Supervisor
Salary Range: $50,000 – $70,000 annually [$24.04 per hour- $33.65 per hour]
FLSA Status: Non-Exempt
Additional Compensation: Employees may be considered for annual performance-based salary increases; eligibility and amount are determined by individual performance and business needs.
Total Compensation: In addition to base pay, this position may include performance-based salary increases. Oak Valley Community Bank also offers a comprehensive benefits package that includes medical, dental, vision, retirement savings with employer match, paid time off, and other voluntary benefits. Final compensation will be based on skills experience, and internal equity.

About The Role

We are seeking an individual who will provide administrative support to an assigned Commercial Loan Officer(s) by assisting in the coordination of loan documentation requests and portfolio management. This individual is responsible for ensuring all supporting documentation is received and reviewed in accordance with credit policy and procedures and all applicable laws and regulations prior to requesting loan documents on new loans, renewals, and extension requests. Additionally, this individual will assist commercial loan officers with exceptions, ticklers, covenant compliance, maturities, delinquencies, and other administrative duties as required.

Essential Duties

• Loan Intake & Processing:
• Reviews incoming loan requests or updated financial packages for accuracy.
• Creates workflows for loan applications onto the commercial lending software for further review and underwriting.
• Coordination with Underwriters and Loan Officers:
• Works closely with the underwriters and Commercial Loan Officers to obtain a complete loan package.
• Coordinates the timing of approval, including obtaining or ordering financials, tax returns, appraisals, prelims, and other necessary reports.
• Loan Documentation Management:
• Manages the overall process and integrity of Loan Documentation Requests upon loan approval.
• Compiles and coordinates complete loan documentation packages, including entity documentation, preliminary title reports, UCC searches, and other necessary items.
• Escrow Coordination and Report Ordering:
• Coordinates the opening of escrows, obtains title fees, and orders third-party required reports.
• Includes credit reports, UCC lien searches, preliminary title reports, flood reports, and other applicable reports.
• Customer & Internal Support
• Respond to routine customer and internal inquiries regarding loan servicing
• Process withdrawn or declined loan applications and prepare adverse action notices
• Provide customer service and assist in resolving issues withing assigned authority
• Construction Loan Budget Preparation:
• Assists Commercial Loan Officer and Construction Servicing in the preparation of construction loan budgets.

Minimum Qualifications

• High school diploma or equivalent.
• To be considered, must have previous experience in a banking or financial services environment and should consist of commercial credit or commercial loan processing background
• Strong organizational skills and attention to detail.
• Proficiency in loan processing software and Microsoft Office Suite .

Preferred Qualifications

• Associate's degree in finance, business, or a related field.
• Experience with commercial lending processes and documentation

The required skills for this position include strong organizational abilities, which are essential for managing multiple loan applications and ensuring that all documentation is complete and accurate. Attention to detail is critical, as even minor errors can lead to significant delays in the loan process. Excellent communication skills are necessary for effectively interacting with clients and providing them with timely updates on their loan status. Preferred skills, such as familiarity with commercial lending processes, will enhance the assistant's ability to support loan officers and navigate complex applications. Proficiency in relevant software tools will streamline daily tasks, allowing the assistant to focus on delivering exceptional service to clients.

Equal Pay & Opportunity Statement

Oak Valley Community Bank complies with the California Equal Pay Act and SB 642 requirements. Compensation decisions are based on experience, skills, and business needs, without regard to sex, gender identity, gender expression, race, or any other protected characteristic. We are an equal opportunity employer committed to diversity, equity, and inclusion.