Commercial Portfolio Specialist - Admin & Servicing

Nusenda Brand; Albuquerque, El Paso (NM, TX); On-site; USD 55,000 - 75,000; Full time

Benefits offered by this job

Health benefits

401(k) matching

Professional development

Tuition assistance

Job summary

Nusenda Credit Union is seeking a Commercial Portfolio Administrator to support Commercial Portfolio Managers in administering and servicing commercial banking relationships. You will help with annual reviews, renewals, modifications, monitoring, reporting, due diligence, maintenance, and loan file management, acting as a key contact for members, vendors, and internal teams.

You will maintain portfolio records, track documents, and support commercial loan and deposit relationships while aligning

Qualifications

• Three to five years of similar or related experience.
• Associate’s degree in business administration or related field or equivalent professional experience.
• Prior experience working directly with commercial members and commercial banking services in compliance with relevant regulations and generally accepted commercial lending and deposit practices.
• Must be familiar with commercial loan documentation and deposit account agreements; entity documents and resolutions; real estate title insurance/binders; and other due diligence items required in the lending and account opening processes

Responsibilities

• Support Commercial Portfolio Managers in the administration and servicing of assigned commercial banking relationships.
• Serve as a primary point of contact for administrative portfolio functions such as, obtaining required information from members, responding to servicing requests inquiries from commercial members, researching loan payments and account transactions and supporting the execution of annual loan reviews, renewals, modifications, covenant monitoring activities, and other portfolio management responsibilities while ensuring superior service levels
• Administer portfolio documentation processes, including collection and maintenance of financial reporting, organizational documents, loan file records, account maintenance requests, and documentation exceptions.
• Review and interprets organizational documents to determine signing authorities and documentation requirements and ensures portfolio records remain accurate, complete, and current.
• Support commercial loan and deposit servicing activities, including account openings, account maintenance, loan closings, and related administrative functions.
• Coordinate required documentation with Commercial Banking Operations and assists in ensuring compliance with CIP, BSA, and other applicable regulatory requirements.

Skills

Commercial banking

Regulatory compliance

Due diligence

Education

Associate degree in business administration

Job description

Nusenda Credit Union is seeking a Commercial Portfolio Administrator to support Commercial Portfolio Managers in administering and servicing commercial banking relationships. You will help with annual reviews, renewals, modifications, monitoring, reporting, due diligence, maintenance, and loan file management, acting as a key contact for members, vendors, and internal teams.

You will maintain portfolio records, track documents, and support commercial loan and deposit relationships while aligning