Job Description

Commercial Loan Assistant

Chicopee, MA
$25.10 - $37.65 Hourly
Department: Loan Administration
Job Status: Full-Time
FLSA Status: Non-Exempt
Grade: 9
Reports to: VP/Loan Administration
Amount of Travel Required: No Travel Required
Positions Supervised: None

POSITION SUMMARY

Provides administrative and clerical assistance for Commercial Loan Officers in the development of commercial relationships.

ESSENTIAL FUNCTIONS

Prepares a variety of documents; new business loans, modifications, file comments, etc.
Prepares new commitment letters from Board approvals or loan proposals.
Reviews loan documents prepared in-house and by outside counsel and prepares loans for funding and booking.
Completes the compliance/doc checklist for each new transaction. Follows all policies and procedures related to compliance for loan closings and on-going account maintenance.
Contact Attorneys on missing documents or document corrections.
Obtains flood determinations and follows all policies and procedures related to properties located in a flood zone.
Sends flood policies to Loan Servicing for review and approval in advance of loan closing.
File new UCC filings, and track UCC continuations and amendments. Reviews UCC's filed by Attorneys to assure filing and enter into iLien for tracking.
Assist Loan Officers with customer account problems and requests; forwards to appropriate department when necessary.
Completes a variety of tasks for Commercial Loan Officers and Relationship Managers.
Other reports and projects as necessary.
Must complete BSA, AML, and other Regulatory and Continuing Education as assigned.
Must adhere to all bank and regulatory policies and procedures specific to position. Assumes additional responsibilities as requested.

POSITION QUALIFICATIONS

At least 3 years of relevant work experience required, bank loan servicing experience desired.

Working knowledge of Microsoft office, Word and Excel required. Knowledge of various programs related to job function.
Attention to Detail
Organizational Relations
Organizational Skills
Problem Solving
Time Managment

EDUCATION/EXPERIENCE/SKILLS & ABILITIES

High School Diploma or GED
Previous bank loan servicing experience
Working knowledge of Microsoft office, Word and Excel required.
Knowledge of various programs related to job function