Loan Assistant

Paycom - ATS; Waco (TX); On-site; USD 42,000 - 62,000; Full time

Job summary

Paycom - ATS in the United States (Texas, Waco) seeks a Commercial Loan Assistant to support the lending team and manage critical loan processes. You will create and maintain loan files, coordinate closings, due diligence, and funding activities while ensuring regulatory compliance and a smooth customer experience.

The role requires banking experience, attention to detail, and the ability to multitask. A 2+ year background in commercial lending is preferred, with a Bachelor’s degree preferred.

Qualifications

• Banking experience is required.
• Bachelor’s degree is preferred.
• 2+ years’ experience with commercial lending is preferred.
• Equal Opportunity Employer M/F/D/V; reasonable accommodation for persons with disability.

Responsibilities

• Create commercial loan files and maintain department files.
• Prepare and review documentation of commercial loan closings and funding information.
• Coordinate due diligence items (appraisals, inspections, etc.).
• Liaise with loan officers, customers, and third-party professionals to close loans.
• Verify wire requests and pre-closing conditions.
• Manage maturing loan lists and renewals; calendar management.

Skills

Banking experience

Attention to detail

Microsoft Office

Multitasking

Education

Bachelor's degree

Tools

Microsoft Office Suite

Job description

The Commercial Loan Assistant works under the EVP, Loan Officer or Chief Lending Officer and is responsible for providing essential, administrative and technical support to commercial lenders, facilitating the loan process and ensuring compliance with regulations while being an integral part of managing the customer’s experience:Create commercial loan files, responsible for maintaining department files in an accurate and efficient mannerPerform procedures related to advances, pay downs, and disbursement processPrepare and review documentation of commercial loan closings as neededOrders required due diligence items (i.e. Appraisals, Property Inspections, etc.)Reviews accuracy and proper use of tracking reports for key information such as Flood Insurance, Property Tax Insurance, UCC’s, etc.Liaison with loan officers, customers and third-party professionals (attorneys, appraisers, inspectors, etc.) to close loans in conformity with approved terms and conditionsPrepares funding informationVerifies that all pre-closing conditions have been met prior to authorizing fundingApproves daily overdrafts and determines if it will be charged, if the item will be paid or returned, etc. based on authority limitsVerify accuracy of wire request with customers prior to sending for approvalConsult with customers about the financial information needed for accounts and loansTrack inspection reports to verify accuracy of construction draws.Manage exception reports including contacting customers for current financialsManage maturing loan list including customer contact regarding loan renewalsLiaison between customers and other departmentsSupports lending teamKNOWLEDGE, SKILL AND ABILITIESProficient document management skillsAdvanced experience with Microsoft Office SuiteAbility to multitask while maintaining a high degree of attention to detail and accuracyExcellent analytical problem-solving capabilities; ability to exercise independent judgment in methods, techniques and evaluation criteria for obtaining resultsAble to exercise a high degree of confidentialityExcellent and proactive calendar management skillsExcellent organizational skillsHigh level of integrity and discretion in handling confidential information and professionalism in dealing with people inside and outside of the companyHighly energetic and self-starterThoughtful decision-making, problem resolution and creative thinking skills a mustBe accountable and responsible with ability to learn from mistakes and feedbackHave a positive attitudeEDUCATION AND EXPERIENCEBanking experience requiredBachelor’s degree preferred2+ years’ experience with Commercial lending preferredWe are an Equal Opportunity Employer M/F/D/V. provides reasonable accommodation for persons with disability.