Commercial Loan Administrative Assistant
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Chicago, IL 60605
The Loan Administrative Assistant will provide clerical and administrative support to the Lending Officers by performing a variety of routine and complex assignments. The successful candidate will have a Bachelor’s degree in a business related field, preferably finance, economics or accounting, with a minimum of three years prior commercial lending experience. This candidate must also be knowledgeable with current lending compliance regulations.
Essential Duties and Responsibilities:
Answers customer inquiries concerning loan programs offered by the Bank; provide basic loan information as summarized in loan policy. Refer customer inquiry to appropriate lending officer to initiate the loan process.
Answer customer inquiries concerning bank transactions for loans and deposits. Investigate customer problems on both transactions and initiate corrective action as needed.
Begin the loan renewal process by obtaining from the borrower financial records such as current personal financial statement, tax returns (personal and business), rent rolls/leases and year to date P&L information if applicable.
Organize the financial information for preparation of the credit review and preparation of the written loan proposal presentation.
Maintain loan maturity and expiring commitment reports and coordinate with the lending officer the timely renewal of both.
Remove collateral exceptions by obtaining final title policies, insurance certificates and proof of real estate tax payments.
Order title commitments, appraisal, EPA and construction inspection reports through the credit department.
Obtain CIP information (LLC operating agreements, membership listing, certificates of good standing and corporate records) on an as needed basis.
Prepare loan documentation loan write-up sheet for lending office approval and coordinate document production with loan operations.
Organize final loan closing with lending officer, customer and the title company.
Review daily overdraft report and deposit activity with lending officer.
Review the credit worthiness of prospects and customers via financial analysis, repayment ability, collateral status, payment status and other critical factors.
Monitors the status of borrowing compliance with established covenants and controls.
Interfaces with the Loan Operations department to facilitate documentation preparation, underwriting, approval, loan closing, and product implementation.
Ensures proper loan documentation is prepared and monitor and eliminate exceptions in a timely manner.
This position may take residential loan applications. This position may offer or negotiate terms of a residential mortgage loan for compensation or gain. This position may provide general explanation, information, or descriptions in response to consumer inquiries (such as explaining terminology or lending policies). As such, this position is required to be registered with the National Mortgage Licensing System and Registry (NMLS) registration under the terms of the SAFE Act of 2008.
May perform other duties as assigned or required.
A good understanding of commercial loan terminology.
Strong interpersonal, communication (written and verbal), and organizational skills with the ability to work independently, as well as, collaboratively within a team environment.
Ability to interact effectively with all levels of management, while maintaining strict confidentiality.
Strong independent thinking, analytical and problem solving abilities with attention to detail and accuracy.
Excellent follow through and follow up skills as well as the ability to multi-task.
Proficient in Microsoft Office Suite (Word, Excel).
Minimum of three (3) years of prior commercial lending experience or relevant experience.
Bachelor’s degree in a business related major, preferably finance, economics or accounting preferred.
Knowledgeable Lending Compliance regulations.
General knowledge and understanding of bank deposit operations, lending activities, and other related consumer banking and compliance functions.
Equal Opportunity Employer Disability/Veteran Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the job.
Lakeside Bank is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, protected veteran status, or any other characteristic protected by law.