Commercial Relationship Specialist

Magnifi Financial; Houston (TX); On-site; USD 51,000 - 76,000; Full time

Benefits offered by this job

Training & Development

Leadership Development

Tuition Reimbursement

Paid Time Off

Medical Insurance

Vision Insurance

Life Insurance/AD&D

Disability Insurance

Retirement Plan with 4% match

Bonus/Incentive Program

Wellness Programs

Job summary

Magnifi Financial is seeking a Commercial Banking professional to assist in servicing a diverse commercial portfolio, gather loan documentation, and ensure funding and closing comply with policy.

You will work closely with Commercial Banking Officers, processing, servicing, and branch staff, maintaining files, inputting loan data, monitoring reports, and supporting SBA and government-guarantee loans. This is a hands-on role with growth opportunities.

Qualifications

• Associate’s degree in a business-related field, or equivalent experience.
• Three years of commercial banking experience in a financial institution preferred, or equivalent knowledge and skills gained from related work experience.

Responsibilities

• Provides in-person assistance to commercial members in loans, deposits, and other services.
• Communicates loan, deposit and service status with members, CBOs and support staff.
• Maintains and reviews commercial lending files and monitors lending reports for accuracy.
• Inputs data for loan requests, renewals, ad hoc updates and annual reviews into the lending system.
• Collects financials and documentation to complete loan requests; follows up with members.
• Supports SBA and Government Guarantee loans and assists with process improvements.

Education

Associate’s degree in a business-related field

Job description

Works closely with the Commercial Banking Officer(s), Commercial Processing Team, Commercial Servicing Team, Commercial Post Close and Branch Staff. Responsible for servicing diverse commercial portfolios and building and maintaining member relationships. Assists in gathering and reviewing loan documentation for accuracy to ensure funding and closing comply with Magnifi Financial policies, procedures, and state and federal regulations.

ESSENTIAL DUTIES AND RESPONSIBILITIES

· Provides assistance in-person to commercial members in all areas of the member relationship with Magnifi Financial including loans, deposits, and other services.

· Effectively communicates to the commercial member, Commercial Banking Officer (CBO) and support staff teams on loan, deposit and services status/updates.

· Assists, directly and indirectly, with maintaining assigned CBO(s) deposit & loan portfolios.

· Maintains existing member commercial lending files by reviewing files and monitoring lending reports and ticklers to assure that proper documentation is included and up to date.

· Inputs data for all loan requests, renewals, ad hocs, change memos and annual reviews into the lending system.

· Monitors lending reports to ensure that proper documentation is included and up to date, also maintains existing member commercial lending files by reviewing files for accuracy & completion.

· Works with members to collect financials and documentation needed to complete the loan request.

· Enhances member relationships through follow-up communication to include outbound calls & emails.

· Serves members through multiple channels including in branch, online and over the phone.

· Assists with the preparation of new loan requests and extensions as required.

· Requests documentation needed from the member to ensure all conditions are met for the loan closing.

· Assists with covenant monitoring and notifies lenders of violations.

· Prepares, disburses and mails proposal/commitment letters and adverse actions.

· Orders, receives and reviews all 3rd party items needed for closing (title work, appraisal, environmental risk assessment, insurance).

· Requests disbursements/loan advances, subordinations, partial releases, satisfactions and fee reversals.

· Maintains a significant level of knowledge and understanding of loan documentation, credit policy and state and federal regulations.

· Keeps abreast of rules, regulations and Magnifi Financial policy relating to member commercial loans.

· Works with CBO to monitor construction loan process, including following procedures to disburse funds to appropriate parties and collecting lien waivers.

· Uses the sales process to identify and recommend Magnifi Financial products and services to members based on financial need. Makes referrals to appropriate departments.

· Assists with Small Business Administration (SBA) and Government Guarantee loans.

· Suggests, and helps implement, process improvements to improve departmental efficiencies.

· Actively participates in community relations efforts to contribute to the mission and visibility of Magnifi Financial.

EDUCATION AND EXPERIENCE

• Associate’s degree in a business-related field, or equivalent experience

• Three years of commercial banking experience in a financial institution preferred, or equivalent knowledge and skills gained from related work experience.

BENEFITS

• Opportunities for Training and Development *
• Leadership Development *
• Job Level Advancement (ability to move up in your position through training and development) *
• Tuition Reimbursement *
• Paid Time Off - starting at 4 weeks per year for FT; prorated for PT *
• Medical
• Vision
• Employer paid Life Insurance/AD&D
• Employer paid Disability Insurance
• Retirement Plan - Employer match up to 4%, eligible for annual profit sharing *
• Bonus/Incentive Program
• Health and Wellness Programs *

Pay Transparency:

Salary Range: $24.39/hr. through $36.59/hr.

Salaries vary based on factors such as location, internal equity, skills, experience, education, and qualifications for the role.

Total compensation package varies based on position and may include bonuses, performance-based incentives, commission, and/or discretionary bonuses.

Who We Are:

At Magnifi Financial, we offer a collaborative, friendly environment where we support our employee's growth and development, and create a positive work atmosphere.As a member-owned organization, we are focused on making dreams come true for our members. Our vision is enhancing the lives of members and community through strength, service and growth.

Magnifi Financial has grown to more than 85,000 members, $2.4 billion in assets, over 400 employees, and over 26 branch locations throughout Minnesota. But what hasn’t changed is our focus on the members and communities we serve.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.