Commercial Loan Administration Specialist
Arizona Central Credit Union
Phoenix, AZ 85003, USA
6/14/2022
Full Time
Job Description
Arizona Central Credit Union Ranked Top 10 Best Places to Work inAZ for 2025
"The 10 best places to work in financial services"AZBIGMEDIA
Arizona Central Credit Union offers a comprehensive benefits package, including medical, dental, vision, 401k with up to 6% match, an employee assistance program, and much more.
Role:
The Commercial Loan Administration Specialist will perform a variety of commercial loan and deposit duties within the Business Financial Services Department.
Summary of Job Functions and Responsibilities:
- Order and track required documentation for loan approvals (including appraisals, title policies, and environmental reports) and for deposit accounts
- Perform necessary account file maintenance and process transfers, payments, and loan payoffs for businesses transactions, including participations purchase and sold loans on the core system
- Create, maintain, organize, and updates collateral, credit, and appraisal files.
- Assist with initialinquiries and gather required documentation from applicants
- Manage delinquency reports and contact member when appropriate
- Accurately compile, input, and validate all monetary data necessary to execute and document loans
- Review loan authorization requests and all attachments to determine documents required to produce the loan according to CU underwriting guidelines, policies, and regulations
- Review approved loan requests/documents and board loan on core system
- Develop and maintain procedures, checklists, and tracking systems to manage loan covenants and compliance requirements
- Manage applicant loan and deposit inquiries and online requests
Knowledge, Skills and Abilities:
- Experience: One to three years similar or related experience, preferably within the business and commercial lending area or comparable member service-related position
- Education: A high school diploma or equivalent
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