Commercial Loan Assistant 1

Arvest Bank Group; Lowell (AR); On-site; USD 31,000 - 39,000; Full time

Job summary

Arvest Bank Group in Lawton, OK is seeking a Commercial Loan Assistant I to support lenders in originating and closing high-quality commercial loans. The role includes working with borrowers, reviewing legal descriptions and closing documents, and coordinating with legal counsel and vendors.

Responsibilities cover obtaining credit information, ensuring adequate collateral, processing disbursements, and maintaining loan files.

Qualifications

• 2 years of banking or equivalent related experience required.
• AA/AS degree preferred.
• Regulatory knowledge including privacy, safeguarding customer information, Regulation B, Equal Credit Opportunity Act, Regulation Z, Truth in Lending, CRA, HMDA, and flood regulations.

Responsibilities

• Assist commercial loan customers both in person and via phone calls.
• Assist Commercial Banker in obtaining corporate entity information, and related loan documentation, including but not limited to, title searches/commitments, UCC searches, and flood determinations, appraisals for new loans.
• Review loan documents before closing (legal descriptions, closing dates, loan documents prepared in-house or by legal counsel, etc.) and close loans with customers. Serve as liaison with legal counsel, borrower and third-party vendors in coordinating receipt and review of required documents to expedite the closing process.
• Obtain credit information and ensure sufficient loan collateral on commercial loans.
• Recognize selling opportunities and effectively cross-sell bank products and make referrals.
• Perform post-closing reviews to ensure that loan files contain documents with proper signatures, dates and other relevant data.
• Disburse loan funds after closing and image loan documents within established timelines. Provide ongoing support to foster customer relations. Ensure ongoing maintenance of loans in the system to meet customers' and the bank's needs.
• Communicate with Group Appraisal and Loan Operations regarding loan processing. Provide information efficiently so loans can be processed promptly for customers. May also communicate with the Consumer Loan Division (CLD) on consumer loans.
• Work the Technical Exceptions (TE) list to ensure that bank security interests in the files are perfected promptly.
• Annually obtain updated financial information and insurance to support outstanding loans.
• May also support other lending functions to meet the departmental needs.
• Process, vet, and approve outgoing wire transfer requests with an established approval limit, ensuring proper approval and documentation are obtained before submission.
• Understand and comply with bank policies, laws, regulations, and the bank's BSA/AML Program, as applicable to job duties. This includes, but is not limited to, completing compliance training, adhering to internal procedures and controls, reporting any known violations of compliance policies, laws, or regulations, and reporting any suspicious customer and/or account activity.
• Other duties and special projects may be assigned.

Education

High School Diploma or GED

Job description

Pay is based on a number of factors including the successful candidate’s job-related knowledge and skills, qualifications, and prior experience. Arvest offers a comprehensive suite of benefits, including a full range of health and life, financial, and wellness benefits. For more information about benefits, please visit www.arvest.com/careers/benefits.

Position is located at 4330 NW Cache Road Lawton, OK 73505.

Availability is needed Monday through Friday 8:00 am to 5:00 pm with ability to work additional hours as needed.

The Commercial Loan Assistant 1 provides support to one or more lenders on commercial loans, performing functions that enable lenders and managers to originate high-quality loans for the bank.

Responsibilities

• Assist commercial loan customers both in person and via phone calls.
• Assist Commercial Banker in obtaining corporate entity information, and related loan documentation, including but not limited to, title searches/commitments, UCC searches, and flood determinations, appraisals for new loans.
• Review loan documents before closing (legal descriptions, closing dates, loan documents prepared in-house or by legal counsel, etc.) and close loans with customers. Serve as liaison with legal counsel, borrower and third-party vendors in coordinating receipt and review of required documents to expedite the closing process.
• Obtain credit information and ensure sufficient loan collateral on commercial loans.
• Recognize selling opportunities and effectively cross-sell bank products and make referrals.
• Perform post-closing reviews to ensure that loan files contain documents with proper signatures, dates and other relevant data.
• Disburse loan funds after closing and image loan documents within established timelines. Provide ongoing support to foster customer relations. Ensure ongoing maintenance of loans in the system to meet customers' and the bank's needs.
• Communicate with Group Appraisal and Loan Operations regarding loan processing. Provide information efficiently so loans can be processed promptly for customers. May also communicate with the Consumer Loan Division (CLD) on consumer loans.
• Work the Technical Exceptions (TE) list to ensure that bank security interests in the files are perfected promptly.
• Annually obtain updated financial information and insurance to support outstanding loans.
• May also support other lending functions to meet the departmental needs.
• Process, vet, and approve outgoing wire transfer requests with an established approval limit, ensuring proper approval and documentation are obtained before submission.
• Understand and comply with bank policies, laws, regulations, and the bank's BSA/AML Program, as applicable to job duties. This includes, but is not limited to, completing compliance training, adhering to internal procedures and controls, reporting any known violations of compliance policies, laws, or regulations, and reporting any suspicious customer and/or account activity.
• Other duties and special projects may be assigned.

Experience

• 2 years of banking or equivalent related experience required.
• Working regulatory knowledge, such as privacy, safeguarding customer information, Regulation B, Equal Credit Opportunity Act, Regulation Z, Truth in Lending, CRA, HMDA, and flood regulations required.
• Relevant military experience is considered for veterans and transitioning service members.
• Loan experience preferred.
• AA/AS degree preferred.
• Arvest experience preferred.

Education

• High School Diploma or General Education Degree (GED).

Credentials

• Successful completion of Fundamentals of Commercial Lending, or the ability to obtain it within 90 days, is required.

Working Conditions

• Incumbents must be able to perform each essential duty satisfactorily. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential duties.
• Must be able to start work on time, maintain regular work attendance, be physically present at the assigned work location, and occasionally work overtime or outside of regular business hours.
• This job typically requires an individual to be able to observe details (including the ability to perceive color and the ability to identify clear near and far objects), to communicate and exchange accurate information. It may occasionally require the individual to physically move, remain in a stationary position, and position themselves to reach for objects.
• Must be able to operate standard office equipment and use office applications for communication, information and document transmission, and content, document, and report creation.
• The noise level in the work environment is usually moderate.

Grade 13

Pay Range: $22.50 - $28.10 per hour