Senior Loan Administrative Assistant

Minnesota Bankers Association; Minnesota; On-site; USD 38,407 - 46,356; Full time

Benefits offered by this job

Health & Wellness insurance

401(k) plan with company match

Generous Paid Time Off (PTO)

Banking perks including loan discounts

Job summary

The Minnesota Bankers Association in St. Paul, MN is seeking a detail-oriented Senior Loan Administrative Assistant. This role involves providing advanced support for commercial loans, coordinating closings, and mentoring junior staff.

Candidates should have 3–5 years of experience, a strong understanding of commercial loan documentation, and excellent communication skills. The position offers comprehensive benefits including health insurance and a competitive salary range of $27.88 to $33.65 per hour.

Qualifications

• 3–5 years of experience in commercial loan operations and administrative support.
• Advanced knowledge of commercial loan processing and documentation.
• Exceptional verbal and written communication skills.

Responsibilities

• Provide advanced administrative support for commercial and commercial real estate loans.
• Process and review loan reports and closing materials for accuracy.
• Manage collateral documentation to safeguard the Bank’s security interests.
• Serve as the central point of contact for loan closings.

Skills

Commercial loan processing

Documentation accuracy

Strong analytical skills

Communication skills

Education

Associate or bachelor's degree

Job description

30 7th Street E, Suite 230, St. Paul, MN 55101

Job Description

Are you a detail-oriented professional with deep expertise in commercial real estate and loan operations? We are seeking a Senior Loan Administrative Assistant to provide advanced operational support to our lending team. In this role, you will handle complex commercial loan functions—from coordinating closings to reviewing attorney-prepared documentation. As a senior member of the team, you will operate with a high level of independence, solving technical problems and mentoring junior staff to ensure efficiency and compliance across the department.

Essential Functions

• Loan Operations: Provide advanced administrative support for commercial and commercial real estate (CRE) loans.
• Documentation & Review: Process and review loan reports and closing materials; demonstrate mastery of attorney-prepared documents for CRE transactions to ensure accuracy and compliance.
• Lien Perfection: Manage collateral documentation (mortgages, title policies, UCC filings, and vehicle titling) to safeguard the Bank’s security interests and ensure full perfection.
• Closing Coordination: Serve as the central point of contact for lenders, borrowers, attorneys, and title companies to facilitate seamless loan closings.
• Portfolio Maintenance: Request flood determinations and process mortgage satisfactions and partial releases.
• Problem Solving: Use strong analytical skills to resolve complex documentation and process-related issues independently.
• Leadership: Serve as a technical resource and mentor, providing training and guidance to less experienced staff members.

Benefits

• Health & Wellness: Comprehensive medical, dental, and vision insurance, plus employer-paid life and long-term disability insurance.
• Financial Future: A robust 401(k) plan with generous company match.
• Work-Life Balance: Generous Paid Time Off (PTO), including vacation, sick time, and paid holidays.
• MN Paid Family and Medical Leave (MNPFML): Eligibility for job-protected, partially paid leave for qualifying family and medical reasons.
• Banking Perks: Special employee rates on loans, waived fees on personal accounts, safe deposit box discounts and paid parking.
• Salary Range: $27.88 to $33.65

Qualifications

• Education: Associate or bachelor’s degree preferred, or an equivalent combination of education and experience in banking or a related field.
• Experience: 3–5 years of experience in commercial loan operations and administrative support.
• Technical Knowledge: Advanced knowledge of commercial loan processing and documentation, with a deep understanding of complex loan structures.
• Communication: Exceptional verbal and written communication skills.
• Compliance: Sharp attention to detail with a comprehensive grasp of loan servicing rules, regulations, and bank policies.