Specialty Lending Coordinator

macu; Sandy (UT); On-site; USD 65,000 - 95,000; Full time

Job summary

MACU in Sandy, UT is seeking a Specialty Coordinator to support the BLOC and CLOC programs, overseeing underwriting, monitoring, closing and servicing portfolios. The role includes preparing credit presentations and ensuring compliance with lending policies.

You will analyze repayment ability, review credit reports, assist with loan closings, attend loan committee meetings, and maintain strong member service while coordinating with other teams.

Qualifications

• Two plus years in Commercial and Industrial lending underwriting.
• Five years lending/underwriting experience preferred.
• Strong written communication and documentation skills.

Responsibilities

• Underwrites and structures traditional lines of credit up to $1,000,000 secured by AR, inventory or real estate.
• Underwrites commercial visa credit card requests up to $250,000 and assesses monthly spend.
• Prepares concise credit recommendations with risk ratings and accurate documentation.
• Reviews closing requirements and loan documentation; attends loan committee as directed.
• Ensures regulatory compliance and monitors credit quality of the portfolio.

Skills

Credit underwriting

Financial analysis

Documentation

Education

Bachelor's degree in business, finance, economics or related field

Tools

Microsoft Office Suite (Outlook, Word, PowerPoint, Excel)

Loan origination system

Analytical/reporting software

Job description

Please reference the schedule and minimum qualifications listed below before applying.

If you need assistance with filling out our application form or during any phase of the application, interview, or employment process, please notify our Human Resources Team at 801-366-6947 option 1 or email [e-mail] and every reasonable effort will be made to accommodate your needs in a timely manner.

Job Summary

This position is responsible for supporting the Business Line of Credit (BLOC) and Commercial Line of Credit (CLOC) programs. This entails underwriting, monitoring, closing and servicing the BLOC and CLOC portfolios. The Specialty Coordinator will oversee the credit analysis and underwriting of a new credit or line renewal, help gather documentation and manage all borrowing base certificates, facilitate member draw requests, oversee the management of the portfolio and its credit quality, and handle all closing and servicing functions. The position is responsible to help ensure all BLOC's and CLOC's are actively managed and within lending approvals and credit union policy.

The specialty coordinator will also assist with underwriting large line commercial visa credit cards and ensuring all proper documentation has been provided and sent to boarding.

Job Description

• Underwrites and structures traditional business lines of credit (typically $1,000,000 and below) secured by (among other collateral) accounts receivable, inventory, or real estate; prepares credit presentations, documenting credit analyses and recommendation for credit decision to approving authority.
• Underwrites and structures commercial visa credit card requests (typically $250,000 and below), understanding the business' monthly spend and balancing that with the credit union's risk tolerance to unsecured lines of credit.
• Prepares timely, concise and accurate credit recommendations with supervision. Includes: (1) quantitative components within the underwriting narrative; (2) accurate use of risk rating scoring matrix, both quantitative and qualitative rating elements, to ensure loans are properly risk-rated; and (3) accurate identification and mitigation of risk, including all policy exceptions, procedures and compliance regulations.
• Has a general understanding of borrowing bases, C&I valuation methods and cash flow models.
• Understands and demonstrates good written communication relating to credit memos, addendums, memorandums, and all forms of written communication.
• Analyzes repayment ability including business and personal cash flow.
• As applicable, performs financial ratio analysis comparative to industry standards.
• Performs financial stress testing analysis.
• Reviews and interprets personal and business credit reports.
• Makes recommendation regarding approval or denial of a loan request.
• Prepares commitment letters.
• Reviews professional CRE or C&I appraisal and evaluation reports.
• Reviews professional environmental reports and assesses environmental risk.
• Attends loan committee, as directed.
• Reviews loan closing requirements and prepares loan documentation.
• May analyze commercial leases agreements and rent rolls.
• Is able to manage about 3-4 new or renewal loan files at a given time. Monitors loan borrowing bases on a defined schedule and communicates changes to loan limits effectively and promptly.
• Collects delinquent accounts.
• Conducts collateral inspections, as necessary.
• May assist the commercial construction coordinators with some of their duties.
• Works together with all teams to accomplish monthly, quarterly and annual goals.
• Provides excellent member service over the phone, email and in person.
• Attends assigned training sessions and stays current on new procedures and policies.
• Performs other duties as assigned.
• Ensures all regulatory compliance is satisfied with each loan.

KNOWLEDGE, SKILLS, and ABILITIES

The requirements listed are representative of the knowledge, skills, and/or abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential job functions.

Experience

Minimum of two years Commercial and Industrial (C&I), or other commercial lending underwriting experience required (five years lending/underwriting experience preferred).

Education

Bachelor's degree from an accredited institution in business, finance, economics or related field. Education will be verified. Five years in a progressive financial setting may be substituted for a relevant degree.

Licenses, Certifications, Registrations

N/A

Managerial Responsibility

Has no supervisory/managerial responsibilities

Computer/Office Equipment Skills

Intermediate skills with Microsoft Office Suite including Outlook, Word, PowerPoint, and Excel

Some experience with analytical and reporting software preferred

Demonstrated experience with core systems and a loan origination system is preferred

Language Skills

Demonstrated ability