Commercial Loan Specialist

Oak Bank; Fitchburg (WI); On-site; USD 55,000 - 85,000; Full time

Job summary

Oak Bank in Wisconsin is seeking a Commercial Loan Specialist to document and perfect collateral for new and renewed commercial loans, collaborating with commercial lenders, credit and vendors.

The role involves disbursing funds, onboarding loans in FISERV Navigator, ordering appraisals, and ensuring accurate records while adhering to bank policies and regulatory requirements.

Qualifications

• Associate’s degree in business administration or equivalent work experience.
• Experience with loan processing systems (FISERV Premier, Compliance One, Laser Pro).
• Strong analytical, detail-oriented, and problem-solving abilities in banking.
• Excellent verbal and written communication and customer service.

Responsibilities

• Draft new and renewed commercial loan documents (construction loans, lines of credit, term loans).
• Maintain knowledge of SBA, rate SWAP financing, and loan programs.
• Coordinate supporting docs, title work, insurance, and items.
• Review and analyze documents and searches (DFI, UCC, flood) for approvals.
• Disburse loan proceeds and onboard loans in the core system.
• Maintain accurate loan records and support daily operations.

Skills

Analytical mindset

Attention to detail

Time management

Communication

Team collaboration

Education

Associate’s degree in business administration

Tools

FISERV Premier

Compliance One

Laser Pro

Microsoft Office

Adobe Acrobat Pro

Job description

Oak Bank Introduction

At Oak Bank, we redefine business banking with a personal touch. We believe every client deserves a partnership tailored to their unique needs. Our dedicated team is committed to driving client success through innovative, customized banking solutions.

Job Type: Full-time

Description

What sets us apart? It's our people. When you join Oak Bank, you'll collaborate with passionate bankers and financial experts focused on meaningful client relationships and enriching the communities we serve.

Explore exciting career opportunities with Oak Bank and be part of a team that’s anything but ordinary!

Position Overview

Collaborating most closely with commercial lenders as well as credit and third-party vendors, the Commercial Loan Specialist documents and perfects collateral for new and renewed commercial loans. Responsible for commercial loan processing activities including knowledge of software, systems, regulations and policy. Maintains professional relationships with internal and external contacts to ensure successful commercial loan processing for our clients.

Position Responsibilities

• Responsible for drafting new and renewed commercial loan documents such as construction loans, letters of credit, term loans, lines of credit and participation loans.
• Maintains a high degree of knowledge in all bank programs, ensuring timely quality service and accuracy for all activities.
• Maintains knowledge of commercial loan programs including but not limited to Small Business Administration (SBA), rate SWAP financing and participations purchased.
• Perfects the Bank’s interest in security agreements to ensure the Bank is in the proper collateral lien position.
• Responsible for coordinating supporting documentation such as organizational documents, title work, insurance and any other required items.
• Reviews and analyzes supporting documentation and searches (ie: DFI, UCC, flood) obtained to support the approved loan transaction.
• Disburses loan proceeds and onboards loans in the Bank’s core system (FISERV Navigator).
• Orders and processes appraisals for commercial loans.
• Reviews construction draw requests and disburses funds according to loan officer approval.
• Ensures accurate loan records in both paper and electronic format.
• Works collaboratively within the loan operations team performing daily department tasks such as account and system maintenance, maintaining and developing procedures, and project-related assignments.
• Maintains awareness of legal requirements and best practices, adhering to established bank policies and procedures to mitigate risk.
• Other activities as needed to drive toward our vision and fulfill our mission as a loan operations team and organization.

Position Qualifications

• Associate’s degree in business administration or other equivalent work experience.
• Knowledge of FISERV Premier, Compliance One or Laser Pro and other commercial loan processing systems preferred.
• Proficient with Microsoft Office programs (ie: Word, Excel) and Adobe Acrobat Standard.
• Demonstrated analytical, accuracy, and problem-solving skills leveraging banking knowledge and experience.
• Attentive to details to assure accuracy, detect errors and provide quality follow through.
• Ability to meet deadlines and prioritize work while working independently.
• Demonstrated ability to multi-task and adapt to evolving technologies and workflows.
• Strong client service disposition along with effective verbal and written communication skills.
• Able to collaborate as part of an overall team, supporting others throughout the bank to achieve goals and objectives.