Strategic Commercial Banking Associate

Magnifi Financial; Moorhead (MN); On-site; USD 33,000 - 51,000; Full time

Benefits offered by this job

Medical

Dental

Vision

Life Insurance/AD&D (employer paid)

Disability Insurance (employer paid)

Retirement plan (4% match)

Tuition Reimbursement

Paid Time Off

Parental Leave

Bonus/Incentive Program

Health and Wellness Programs

Job summary

Magnifi Financial is seeking a loan support professional to work closely with Commercial Banking Officers and teams. You will help service diverse commercial portfolios, gather and review loan documentation, and ensure funding and closing comply with Magnifi Financial policies and regulations.

You will assist with deposits, loans, and other services, communicate status updates to members and staff, and maintain accurate lending files.

Qualifications

• Associate’s degree in business-related field is required or equivalent experience.
• Three years of commercial banking experience preferred, in a financial institution.

Responsibilities

• Assists commercial members in loans, deposits, and other services in person.
• Communicates loan, deposit and service status/updates to members and staff.
• Maintains and reviews commercial lending files for accuracy and up-to-date documentation.
• Inputs data for loan requests, renewals, ad hocs, change memos and annual reviews.
• Monitors lending reports and ensures proper documentation is included.
• Gathers financials and documentation from members for loan requests.
• Maintains member relationships through follow-up calls and emails.
• Assists with preparation of new loan requests and extensions.
• Obtains required documentation to meet loan closing conditions.
• Monitors covenant violations and notifies lenders as needed.
• Disburses and mails proposal/commitment letters and adverse actions.
• Obtains third-party items for closing (title work, appraisal, environmental risk assessment, insurance).
• Supports SBA and Government Guarantee loans; suggests process improvements.

Education

Associate’s degree in business-related field

Three years of commercial banking experience

Job description

Magnifi Financial is seeking a loan support professional to work closely with Commercial Banking Officers and teams. You will help service diverse commercial portfolios, gather and review loan documentation, and ensure funding and closing comply with Magnifi Financial policies and regulations.

You will assist with deposits, loans, and other services, communicate status updates to members and staff, and maintain accurate lending files.