Commercial Loan Processor

National Bank Of Commerce; Duluth Township (MN); On-site; USD 36,000 - 55,000; Full time

Benefits offered by this job

Health, dental, and vision insurance

Health Savings Account (HSA)

Flexible spending accounts

401(k) plan with generous match

Paid time off (PTO)

Paid holidays & floating holidays

Volunteer time off

Employer paid life insurance

Voluntary life plans

Short-term disability insurance

Long-term disability insurance

Health and wellness incentive

Employee assistance program

Job summary

National Bank of Commerce in Duluth, MN is seeking a Commercial Loan Processor to ensure accurate preparation, validation, and execution of commercial loan documentation. This role serves as a central coordination point between Commercial Bankers, Credit Analysts, customers, attorneys, and title companies, ensuring file integrity from origination through closing.

The position helps maintain the health of the commercial loan portfolio by monitoring financial and collateral requirements, tracking

Qualifications

• Associate’s degree or 2+ years of related experience.
• Strong professionalism and diplomacy when working with internal and external partners.
• Clear written and verbal communication skills.
• Ability to work collaboratively in a high-pressures environment.
• Capable of adapting to shifting priorities in a rapidly growing business.

Responsibilities

• Prepare, validate, and execute commercial loan documentation.
• Coordinate between Commercial Bankers, Credit Analysts, customers, attorneys, and title companies.
• Monitor financial and collateral requirements, track exceptions, and manage paid-off loans.

Skills

Analytical reasoning

Communication

Problem solving

Math skills

Team player

Adaptability

Independent work

Diplomacy

Education

Associate degree or 2+ years of related experience

Job description

Job Details Job Location: Duluth - Duluth, MN 55805 Salary Range: $26.00 - $40.00 Hourly Job Type: Full-time, Non-exempt

Across Minnesota and Wisconsin, National Bank of Commerce is making a difference in the financial lives of the people, communities, and businesses we serve. We exist to help our customers accomplish more than they could on their own. Join our team of creative and accomplished professionals and help us make more possible.

The Commercial Loan Processor is a key operational role within the commercial lending team, responsible for ensuring accurate preparation, validation, and execution of commercial loan documentation. This position serves as a central coordination point between Commercial Bankers, Credit Analysts, customers, attorneys, and title companies, helping maintain the integrity and compliance of every loan file from origination through closing.

This role plays an essential part in maintaining the health of the commercial loan portfolio by monitoring financial and collateral requirements, tracking exceptions, maintaining reporting items, and ensuring proper collateral insurance. The Commercial Loan Processor also oversees the organization and preservation of commercial credit files and manages the processing of paid-off loans in accordance with regulatory and retention standards.

A strong understanding of banking regulations—including BSA, AML, CIP, HMDA, and related requirements—is fundamental to this position. The Commercial Loan Processor ensures all documentation and processes align with internal policies and federal and state regulations, contributing to a compliant, efficient, and customer-focused lending environment.

Qualifications

• Associate’s degree in a related field or 2+ years of comparable experience (or an equivalent combination of education and experience)
• Strong professionalism, tact, and diplomacy when working with internal and external partners
• Clear and effective written and verbal communication skills
• Ability to work collaboratively as a team member while maintaining a positive attitude in high-pressures situations
• Comfortable adapting to shifting priorities and a rapidly growing business environment
• Capable of working independently and navigating situations where processes may vary
• Strong comprehension, analytical reasoning, problem-solving, and critical-thinking abilities
• Advanced math skills, including calculating interest, rates, ratios, and percentages
• Consistent demonstration of core values: Respect, Integrity, Teamwork, and Accountability

Compensation and Benefits

The pay range for this position is $26.00 to $40.00 per hour, contingent on relevant skills, training, experience, education, and other job-related factors permitted by law.

• health, dental, and vision plan for you, your spouse, and eligible children
• Health Savings Account (HSA) contribution (including employer contributions)
• flexible spending accounts
• 401(k) plan with a generous match
• paid time off program
• paid holidays & floating holidays
• volunteer time off program
• employer paid life insurance
• voluntary life plans
• short-term disability insurance
• long-term disability insurance
• health and wellness incentive
• employee assistance program

National Bank of Commerce is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, national origin, disability status, protected veteran status, or any other characteristic protected by law. National Bank of Commerce will comply with all federal and state laws concerning the application and employment of people with disabilities.