Lead Specialty Originator

Alliant Credit Union; Chicago (IL); Hybrid; USD 84,000 - 131,000; Full time

Benefits offered by this job

Annual bonus

WFH up to 3 days

Parental leave

Employee discounts

Paid time off

Holidays

Job summary

Alliant Credit Union in Chicago is seeking a hybrid role focused on sourcing and analyzing loan opportunities for investment and owner-occupied commercial properties, including warehouse financing structures. You will partner with underwriting and servicing to create a seamless experience and deliver customer-focused loan presentations.

Responsibilities include cultivating relationships with commercial lenders, originating and closing loans that meet credit standards, supporting annual reviews,

Qualifications

• Bachelor's degree required in Finance, Accounting, Management or related field.
• Experience in commercial lending/credit analysis.
• Strong analytical and communication skills.

Responsibilities

• Source and maintain lending relationships with commercial mortgage bankers and specialty lenders in the designated geography.
• Originate and close loans that comply with MBL credit standards from specialty lenders and mortgage bankers.
• Conduct preliminary reviews of bridge and permanent loan opportunities as well as warehouse line opportunities.
• Prepare materials for initial credit presentations to advance transactions through underwriting.
• Collaborate with commercial lending underwriters to ensure accuracy and completeness of loan submittals.

Skills

Financial analysis

Relationship management

Education

Bachelor's degree in Finance, Accounting, Management, or related field

Job description

In this hybrid role based at our Chicago offices, you will source and analyze loan opportunities on investment commercial properties, owner occupied commercial properties, and warehouse financing opportunities, including loan on loan structures to Specialty Commercial Real Estate Lenders (Specialty Lenders). Responsible to convey and enforce lending standards and parameters established by the Commercial Lending management team. Partner with the commercial underwriting and closing/servicing teams to create a seamless experience that puts customer service at the forefront. Responsible to be the point of contact on warehouse financing engagements. Responsible for assisting the commercial leaders with compiling performance statistics, dissecting and analyzing these figures.

• Identify, develop and maintain lending relationships with commercial mortgage bankers and specialty lenders in a designated geography as well as exit mortgage banking and specialty lender relationships that are unproductive.
• Originate and close loans that comply with MBL credit standards from specialty lenders and mortgage bankers.
• Conduct preliminary reviews of bridge and permanent loan opportunities as well as warehouse line opportunities and assist underwriters in authoring comprehensive loan presentations.
• Procure materials needed for initial credit presentations to fully analyze and advance associated transactions through underwriting.
• Collaborate with and assist commercial lending underwriters to ensure accuracy and completeness of loan submittals and to gather materials necessary for annual credit reviews.
• Assist leadership with compiling reports.
• Respond to inquiries by auditors and examiners.
• Support the credit union's relationship culture through on-going customer contact, quality customer service and superior product knowledge.
• Stay abreast of industry developments through membership in trade associations, trade journal subscriptions and attendance at seminars and conferences.

Education &Years of Experience

• Minimum- 4 Year Bachelors Degree inFinance, Accounting, Management or Related

In Lieu of Education

Typical hiring range:

$84,200.00 to $131,000.00 Annually. Actual compensation will be determined using factors such as experience, skills & knowledge.

Benefits:

Alliant provides a benefits package including health care, vision, dental, and 401k with employer match including:

• Annual performance bonus
• Work from home up to 3 days a week
• Paid parental leave
• Employee discount programs
• Time off including paid personal and sick days
• 11 paid holidays

*Note that eligibility and cost of benefits can vary depending on the number of regularly scheduled hours, and job status such as regular full-time, regular part-time, or temporary employment.

Adhere to and ensure compliance of all business transactions with policy and process of the Bank Secrecy Act. Ensures compliance with all applicable state and federal laws, company procedures and policies. Maintains integrity and ethics in all actions and conversations with or regarding credit union members and their accounts; complies with Privacy Act directives.

The responsibilities listed do not contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this position. Duties, responsibilities and activities may change at any time with or without notice.

Equal Opportunity Employer

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.