Commercial Loan Assistant - II

Company: Salem Five
Location: Salem
Posted on: November 17, 2022

Job Description:

Job DetailsDescriptionSalem Five is a growing regional financial services organization with a rich history of over 160 years. As an independent bank, we are deeply rooted in the communities we serve and offer our employees successful and rewarding careers.This position requires the ability to work in the Salem, MA offices.Each employee is responsible and accountable for demonstrating a commitment to the company's mission statement and core values. Understanding that all divisions of the company work together for one common purpose-to delight our customers with the exceptional ease of banking at Salem Five. Commercial Loan Assistants are an integral part of our Commercial Lending team and will work hand-in-hand with their peers and Loan Officers on all manner of loan matters, customer concerns, and needs for the Bank. With minimal Supervisor/Manager support, the role requires an individual to exercise discretion and independent decision making related to loan documentation and relationship management.Essential Duties and Responsibilities include the following however other duties may be assigned as necessary:Acts as primary service contact for assigned portfolio's commercial lending and deposit needs, as well as basic cash management servicing for some of the Bank's largest, most complex and most profitable clients.Supports lenders with largest and most sophisticated client basesProvides superior client service as related to business loan and deposit services, taking ownership of client needs, problems, and requests, following through to ensure timely and accurate resolution. Performs account maintenance and research as needed.Monitors daily NSF funds reports, obtains necessary approvals and communicates to customers as appropriateWorks with customers and lenders to obtain appropriate documentation to open and maintain required deposit account relationships, to include (but not limited to) applicable information related to CIP, corporate structure, resolutions, signers, beneficial interests, etc.Identifies, monitors and tracks missing documentation. Follows up with appropriate individuals to ensure documents are received as required.Performs preliminary loan closing requirements such as flood certifications, credit reports, residential appraisals, environmental reports, UCC searches or other reports as needed. Works with attorneys, insurance companies or other agencies as appropriate.Supports the commercial loan officers in the loan documentation process, ensuring that necessary documents have been collected throughout the pre-closing process.Prepares all loan set up forms in coordination with the Loan Operations staff.Ensures the effective coordination of the commercial loan closing process with Loan Operations, verifying accuracy of notes with facility report and commitment letter.Performs initial review of signed loan documents and any necessary additional information required by Loan Services for boarding and submit completed package for final review and boarding.In the absence of an attorney, prepares all relevant loan documentation necessary to close a new commercial loan or modification/ amendment.Acts as the primary contact person between the lender and loan services and is relied upon to answer any questions which may arise concerning loan documentation, collateral and payment structure.Creates, maintains and updates loan documentation. Responsible to create and maintain accurate loan files that can be relied upon to provide evidence to any audit, legal or regulatory request.Verifies that all third-party invoices have been obtained and that fees and charges are correct. Coordinates all loan advances/disbursements; ensures all required documentation has been received and all transactions coordinated effectively with the Loan Operations staff.Demonstrates, develops, and shares knowledge and understanding of business deposit products and other applicable banking services to provide accurate information to prospects and customers and better identify and respond to opportunities to cross sell.Mentors more junior members of the team and acts as training resource when requiredMay be called on to meet with clients in person or at community/business development events.Prepares and organizes required reports, correspondence, memos and other necessary documentation within the timeframe required. Projects and maintains a professional image in the market place.Demonstrates compliance with banking business laws and regulations as defined in company policies and procedures pertinent to the position.Completes special projects as directed, and assumes additional responsibilities as requested.Regular in-office attendance is an essential element of this position.QualificationsTo perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.Education and/or ExperienceMinimum of high school diploma or GED, with Associates or Bachelor's degree preferred. Demonstrated capability and familiarity with Microsoft is required. Minimum of five years banking experience preferred. Prior customer service experience and/or work in a legal setting is a strong plus.Physical DemandsThe physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to stand; walk and sit. Specific vision abilities required by this job include close vision.With a rich history and a strong reputation for growth, service and innovation, Salem Five offers employees a sense of stability and pride. Salem Five also offers a comprehensive salary and benefit package including health insurance and matching 401(k) plan. Qualified candidates may submit a resume and application online at salemfive.com/careers or mail your resume to Human Resources, 210 Essex Street, Salem, MA 01970.

Keywords: Salem Five, Salem , Commercial Loan Assistant - II, Other , Salem, Massachusetts