Commercial Loan Specialist ( Onsite, Jackson MS) - Hope Credit Union / Hope Enterprises : Job Details

Job Description

Title: Commercial Loan Specialist

Department: Commercial Lending - Loan Operations

Reports To: VP, Loan Operations

Supervises: N/A

Job Classification: Onsite - Jackson, MS, Full-time, Non-Exempt

About HOPE:

HOPE (Hope Enterprise Corporation, Hope Credit Union and Hope Policy Institute) provides financial services; leverages resources; and engages in advocacy that strengthens the financial health and wealth of people in under-resourced Deep South communities. Since 1994, these efforts have benefitted more than three million people in Alabama, Arkansas, Louisiana, Mississippi and Tennessee, and influenced billions in persistent poverty communities across the nation. Learn more at www.hopecu.org.

About the Role:

The Commercial Loan Specialist will be responsible for reviewing all loan packages and documentation received from the Closing Department. They identify and rectify any data or documentation issues before and after the loans are boarded to ensure completeness of the loan files and accuracy of data entered into the loan origination and core systems.

They assist with the review and distribution of data and reports and statements generated from the Core and Loan Origination Systems to ensure data integrity. They work closely with Commercial Lending Officers, Underwriters, Closing, Portfolio, Fiscal and the Loan Operations Team to ensure data quality and regulatory and policy requirements are met.

Primary and Essential Functions

* Collaborate with the Loan Closing Team to ensure all completed loan packages are received within a specified time after loan closing

* Monitor and Review detailed System Reports and Statements to ensure accuracy

* Monitor the Cancellation of Recorded documents as applicable ensuring that all Liens are released efficiently

* Ensure all Modifications, Renewals and Extensions are received and processed

* Responsible for review of daily maintenance of loans in the Commercial Loan System

* Reviewing and Monitoring Payments

* Ensure Loan Closing packages are reviewed and distributed efficiently after loans are Boarded

* Maintain all Paper and Digital Commercial Files to ensure all required documents are in order and complete

* Assist with all Internal and External Audits

* Ensure Accurate and timely processing of all Invoices received

* Complete Special Projects as assigned by Management

* Provide support to the AVP and VP of Commercial Loan Operations

* Take necessary action to resolve deficiencies and escalate questions/concerns to appropriate level when needed

* Adapt to change in the work environment, manage competing demands and handle frequent changes

* Process and respond to all incoming methods of communication in a timely and professional manner

* Assures compliance with all Credit Union policies, procedures and processes, and all applicable state and federal banking laws, rules and regulations; adheres to Bank Secrecy Act (BSA) responsibilities that are specific to the position

* Perform general administrative duties such as attending meetings in person and/or via WebEx

* Perform research and produce reports when necessary or requested by members of the department

* Fulfill other requests from manager/supervisor

* Follow and recommend updates to loan processing procedures.

Required Qualifications

* Associate's degree in accounting, finance, economics or related field

* Five (5) years of experience in the Financial Services industry

* Five (5) years of experience working in Loan operations, Loan Processing or Loan Servicing.

Accountability for Business Results

* Accuracy and completeness of initial reports for commercial loan requests.

Competencies/Skills

* Ability to read and interpret documents, write routine reports and correspondence.

* Ability to speak effectively with customers and employees of the organization.

* Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals.

* Ability to compute rate, ratio, percent, and interpret data.

* Ability to apply commonsense understanding to carry out detailed but uninvolved written or oral instructions.

* Ability to deal with problems involving a few concrete variables in standardized situations.

* Skilled in the use of NextGen loan origination and document warehousing system.

* Skilled in the use of Loan Servicing System (Nortridge NLS), and working knowledge of Microsoft Outlook, Word and Excel.

Physical Demands

* Employee is regularly required to sit, stand and walk

* Employee must regularly lift and/or move up to 10 pounds and frequently lift and/or move up to 25 pounds

* Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Work Environment

* Employee spends the majority of their time in an office environment, generally accessible to the public, customers, and potential customers.

* Noise level in the work environment is usually moderate.

* Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

* The position is predominantly located in the Jackson, MS headquarters office.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran