Commercial Loan Assistant - Job # 3425

BritePros Medical Staffing; Elk Grove Village (IL); On-site; USD 50,000 - 70,000; Full time

Job summary

An established industry player is seeking a Commercial Loan Assistant to join their Elk Grove Village team. In this pivotal role, you will be responsible for preparing and processing commercial loan documentation with precision and accuracy, ensuring compliance with banking regulations. This position offers a competitive salary of up to $70K and a comprehensive benefits package, making it an excellent opportunity for those looking to advance in the banking sector. If you have a passion for finance and a keen eye for detail, this role could be your next career milestone.

Qualifications

• 2+ years of experience in commercial loan document preparation.
• Understanding of documentation for commercial loans and lines of credit.

Responsibilities

• Prepare, review, and process commercial loan packages accurately.
• Communicate documentation review results to loan officers promptly.

Skills

Commercial loan document preparation

Data entry skills

Knowledge of compliance requirements

Multi-tasking

Time management

Communication skills

Organizational skills

Education

High School Diploma

Two-year degree or higher

Tools

LaserPro

Excel

Word

PowerPoint

Job description

Commercial Loan Assistant – To $70K – Elk Grove Village, IL – Job # 3425

Who We Are

The Symicor Group is a boutique talent acquisition firm based in Lincolnshire, IL & Rockport, TX. Our nationally unique value proposition centers around providing the very best available banking and accounting talent. In fact, most of our recruiters are former bankers or accountants themselves!

We know how to evaluate the very best banking and accounting talent available in the market. Whether you are a candidate seeking a new opportunity or a bank or company president trying to fill an essential position, The Symicor Group stands ready to deliver premium results for you.

The Position

Our bank client is seeking to fill a Commercial Loan Assistant role located in the Elk Grove Village, IL area. The position is responsible for the preparation, accuracy, and completeness of commercial loan packages, using the Bank’s documentation system and procedures. The candidate will be processing and preparing commercial loan products, as assigned.

The opportunity has a generous salary of up to $70K and a full benefits package. (This is not a remote position.)

Commercial Loan Assistant responsibilities include:

• Processing commercial loan requests for both new and renewal loans using prescribed procedures and software.
• Making an initial review of the loan approval (Profile), using information available on the loan processing software system and credit file, obtaining required information for underwriting, and preparing loan closing documents.
• Preparing all necessary loan documents including Promissory Notes, Business Loan Agreement, Construction Loan Agreements, Disbursement Request and Authorization, Resolutions, and Loan Checklists using information from the loan application, profile, and title policy.
• Confirming loan approval authority as defined by bank policy; review and obtain an understanding of the loan transaction from the Loan Profile.
• Determining that initial underwriting documentation is present according to the approval document.
• Reviewing credit files and determining additional documentation needs to support underwriting requirements, such as entity papers, credit reports, purchase contracts, lien searches, title work, appraisal or evaluation, environmental questionnaire, survey, life insurance, and property liability insurance.
• Ordering supporting documentation from approved vendors and working with loan officers or customers as needed.
• Renewal loan processing includes entering the loan into loan software and working with the servicing loan officer to move the approved credit to close.
• Communicating results of documentation review and any processing issues to the loan officer on a timely basis.
• Balancing transactions and preparing all general ledger tickets and cashier’s checks for disbursement.
• Preparing wire forms, wire tickets, and authorizing wires for loan proceeds.
• Processing loan files post-closing, including preparation and delivery of instruction letter and the closing packet to the title company if needed.
• Assisting with additional loan operation roles, as requested or necessary.

Who Are You?

You’re someone who wants to influence your own development. You’re looking for an opportunity where you can pursue your interests and your passion. Where a job title is not considered the final definition of who you are, but merely the starting point for your future.

You also bring the following skills and experience:

• High School Diploma or equivalent required; two (2) year degree or higher preferred.
• Two or more years of experience in commercial loan document preparation and/or document processing.
• Understanding of the required documentation for commercial term loans and lines of credit and the associated collateral documentation.
• Ability to prioritize work on complex loan transactions to meet scheduled loan closing dates.
• Knowledge of compliance requirements for commercial borrowers.
• Knowledge of related state and federal lending and compliance laws and regulations, and other Bank lending policies.
• Highly accurate data entry skills and a strong level of skill working with a variety of PC and internet applications, including LaserPro, Excel, Word, and PowerPoint, and the ability to navigate key industry-specific Internet sites.
• Strong multi-tasking, time management, thoroughness, and accuracy skills required.
• Solid communication and organizational skills with a focus on teamwork and cooperation.
• A high level of confidentiality is required.
• Ability to work under deadlines with frequent interruptions.

The next step is yours. Email us your current resume along with the position you are considering to:

[e-mail]