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$60k–$80k/yr
Full-time
bachelor degree
Posted 13d ago
Apply by Nov 2
~40 hrs/week
Responsibilities
The Commercial Lending Assistant provides documentation support and customer service for commercial accounts while acting as a liaison for Loan Officers. They are responsible for processing loan files, monitoring construction pipelines, and maintaining financial records for borrowers and guarantors.
Requirements
Candidates should have proficiency in Microsoft Office and lending software, along with strong organizational and communication skills. A bachelor's degree and prior experience in a corporate environment are preferred.
Full job description
SUMMARY/OBJECTIVE:
The Commercial Lending Assistant provides ongoing Customer service and documentation support as Loan Officer’s liaison on assigned commercial accounts. The Commercial Lending Assistant determines pertinent information to gather from a variety of sources, coordinates the preparation and review of loan documentation and is responsible for the processing/maintaining of all commercial loan files. The position also provides operational administrative support to ensure a smooth workflow between various departments.
ESSENTIAL FUNCTIONS:
Verifies evidence of insurance, requests updated financial information
May manage portfolio risk by highlighting maturities, overdrafts, and delinquencies.
Verifies and processes Customer advances on lines of credit
Liaise with attorneys to assist in resolving any closing issues in the absence of the Loan Officer
Request/retrieve missing legal documentation from Borrowers and Attorneys
Assist customers with commercial banking needs including advances and new accounts
Set up Borrowers in Credit Quest, maintain electronic files for loans
Track financial statements and tax returns for both Borrower and Guarantors and send updates to credit and loan closing as needed.
Files documentation in commercial /electronic files
Track and request environmental reports, appraisals, and construction consultants to be engaged
Manages Loan Officers Construction Pipeline, i.e.: update various construction reports, organizes draw requests, monitor construction budgets.
Monitor pipeline reports
Provided day to day administrative support to Commercial Lenders
JOB QUALIFICATIONS:
Proficient in Microsoft Excel, Microsoft Word, computers and lending software
Good communication and organizational skills
Ability to prioritize work flow in a multi-tasking environment
Ability to work independently as well as in collaboration with a team
Bachelor’s degree and experience in working in a corporate environment preferred.
The annual salary range for the Commercial Lending Assistant is $60,000 - $80,000 per year.
About Northern Bank & Trust Company
Northern Bank is a full-service bank dedicated to providing practical, common sense financial solutions to help our customers live their lives and grow their businesses. From deposit products to loans to payment and collections services, we work hands-on with our entrepreneurial customers, both locally and across the country, to provide the financial support they need to realize their personal and business goals. Founded in 1960, Northern Bank has assets of over $3 billion with 12 locations serving communities throughout Middlesex County. Northern Bank is a Member of the FDIC, and an Equal Housing Lender. For more information on online banking services, please visit www.NBTC.com or follow Northern Bank on Facebook (/NorthernBankM A/), Twitter (@northernbankma), Instagram (@northernbankma) and LinkedIn (company/northern-bank-ma/).
Since 1960, Northern Bank has been the banking partner of choice for businesses and consumers throughout New England. We take an entrepreneurial, commonsense approach to providing a complete line of banking solutions. We are deeply invested in the communities we serve and passionately committed to helping you, our customers, grow. Thanks to the unwavering dedication of our team and the loyalty of our customers, we have been named the #1 performing Community Bank in New England for seven straight years and #1 in the United States in 2015.
Northern Bank provides businesses and individuals with deposit and cash management services, commercial and franchise financing, residential mortgages, and wealth management services. We currently operate 12 branches in the Greater Boston market. For more information, contact us at 800-273-6908 or visit www.nbtc.com. Member FDIC | Equal Housing Lender.
http://facebook.com/northernbankma
http://twitter.com/northernbankma
Social Media Guidelines: https://www.nbtc.com/customer-service/FAQs/what-are-our-social-media-guidelines-610