Commercial Loan Assistant/Senior Commercial Loan Assistant
Barkley Financial Center | Hybrid Work from Home (3 days per week in office)
Bellingham, WA
Monday – Friday 8:00 am to 5:00 pm | 40 hours per week
A Day in Your Life at Peoples Bank:
As a Commercial Loan Assistant/Senior Commercial Loan Assistant, you will be responsible for providing leadership and assisting Commercial Banking Officers in growing and managing their commercial loan portfolios through the development and maintenance of customer relationships.
Your Primary Responsibilities Would Include:
- Handling customer account and loan inquiries.
- Ordering and reviewing required outside documents for credit approval and loan file.
- Ordering and reviewing loan documents and title policies.
- Ensuring necessary borrowing entity documents are in the loan file (partnership, LLC, trust, corp.)
- Disbursing loan proceeds and executing wire transfers to facilitate loan closings.
- Creating and maintaining credit files.
- Coordinating Escrow, including preparing Escrow Instructions and closings with outside Escrow agents or managing RE closing process for qualifying in-house closings.
- Preparing and recording Real Estate and other security documents (i.e. Deeds of Trust, Assignment of Rents, Subordination Agreements, Modification of DOT, etc.)
- Managing the maturing loan report.
- Managing loan delinquencies and alerting commercial loan officers and the Credit Administrator to problems or unusual trends and addressing problem areas immediately.
- Preparing asset quality reporting.
- Tracking major accounts for scheduled calls.
- Accepting and processing loan advances.
- Preparing decline/withdrawn letters and loan packages.
- Preparing commitment letters and letters of credit.
- Maintaining full knowledge of all lending regulations and compliance.
- Maintaining full knowledge of Peoples Bank loan policy and procedures.
