The Cape Cod Five Cents Savings Bank, the market leader in its footprint, with over $3 billion in assets, is seeking a Commercial Loan Specialist.
The Specialist develops relationships with our customers, has solid technical knowledge of commercial loans, and can go beyond transactions and builds deep understanding of our customers’ banking needs.
The Commercial Loan Specialist provides support to a small group of Commercial Loan Officers. Prepares and coordinates commercial lending documentation and processing within strict regulatory guidelines. Provides outstanding customer service. Collaborates closely with third party vendors (attorneys, appraisers) and Bank departments such as the Loan Operations department. Participates in commercial lending and bank-wide projects.
The Specialist provides outstanding customer service that result in customer retention and customer referrals. Takes initiative in providing customers with collateral materials on Bank products.
Responsibilities:
Provides a variety of administrative duties related to the Commercial Lending function: commitment letters, loan documentation, customer correspondence, loan advances, faxes, scanning, and photocopies of materials, mail screening and processing, purchasing of supplies, ghost-writing of letters for lenders, credit memos, loan proposals, designing and entering data into spreadsheets for Lenders.
Maintains various database reports including the financial statement tracking report, pipeline report, UCC tracking, and overdrafts.
Provides outstanding customer service resulting in customer retention and customer referrals. Takes initiative in providing customers with collateral materials on Bank products.
Serves as a liaison between lenders and customers, attorneys, appraisers, internal departments, and other parties as necessary when lenders are unavailable or are out of the office. Responds to inquiries within area of authority and resolves problems as appropriate.
Serves as a liaison between lenders and loan servicing functions to help answer customer inquiries and help streamline workflow. Develops strong working relationship with these departments.
Prepares loan documentation for review by the respective lender as necessary. Loan documentation includes: Loan notes, mortgages, security agreements, loan agreements, UCCs, borrowing authority, compliance documents, etc.
Follows strict regulatory guidelines. Remains up-to-date on Bank loan policy and compliance issues.
Assists lenders in processing loans by securing bids for appraisals and other contractual work required through the Real Estate Review department.
Utilizes MS Office applications at an advanced level.
Qualifications:
Minimum of three years administrative experience and exposure in lending and banking operations with an emphasis on commercial lending.
Associates degree or equivalent.
Prior retail Banking experience (platform) a plus.
Prior experience using Banker Insight a plus.
Strong attention to detail, organizational and communication skills.
Ability to work within strict deadlines.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information.