Commercial Loan Officer Assistant

at  Somerset Trust Company

THIS POSITION COULD ALSO BE BASED OUT OF THE UNIONTOWN OFFICE. TRAVEL TO OTHER OFFICES IN THE AREA MAY BE REQUIRED.

SUMMARY: To assist commercial loan officer(s) in all aspects of the commercial lending function. Preparing reports, memorandums, commercial loan worksheets, and any necessary documentation to complete the loan file for requesting commercial loan documents from the commercial loan processors.

ESSENTIAL DUTIES AND RESPONSIBILITIES may include the following; other duties may be assigned as needed.

• Job requires maintenance capability for the bank’s main operating system and the department’s documentation systems.
• Requests personal and business financial information and responds to customer questions regarding requested information. This job requires a high degree of accuracy and attention to detail in serving and assisting commercial customers.
• Assists in the maintenance of the commercial portfolios as assigned.
• Communicates with customers, attorneys, lenders, underwriters, and credit analysts as necessary.
• Verifies financials received for accuracy and completeness before forwarding to the Commercial Lending Assistants for tracking purposes.
• Verifies new commercial loans for accuracy, before and after closing, and that all documents have been signed are on file with the bank.
• Updates and maintains the monthly/quarterly loan policy exception reporting, including any new policy exceptions and monitoring existing exceptions for the ability to remove them from the report tracking.
• Prepares maturity and renewal forms including Customer Due Diligence and Beneficial Ownership documentation.
• Prepares EDR reports, credit reports, flood reports, appraisals/in-house evaluations, property searches, HMDA when necessary.
• Assists with commercial loan worksheets, and collateral charts for new loan requests that fall below the threshold to which an analysis is required. In addition, assists in managing the annual reviews for commercial loan officer on relationships that fall between $500,000 to $1,000,000.
• Verifies current insurance documents and contact agent if necessary.
• Completes loan closing with customer in the absence of Loan Officer (may require travel).
• Assists customers with account related questions (loans & deposits), establishing automatic payments, and/or requesting a business deposit account to be opened.
• Understands and supports all BSA/AML responsibilities as applicable to the position as well as consistently, accurately, and timely carry out these responsibilities in compliance with the Bank’s internal policies.
• Serves as secondary contact for customers when commercial loan officer is otherwise not available.

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily and with a high degree of accuracy. Individual is able to use technology to its fullest capacity and is a strong participant in team efforts. 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 EXPERIENCE
Associate’s degree (A. A.) or equivalent from two-year college or technical school; or six months to one year related experience and/or training; or equivalent combination of education and experience.

LANGUAGE SKILLS

Ability to read and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals. Ability to write routine reports and correspondence. Ability to speak effectively before groups of customers or employees of organization. Ability to effectively present information to management.

MATHEMATICAL SKILLS

Ability to add, subtract, multiply and divide in all units of measure. Ability to calculate figures and amounts such as discounts, interest, commissions, bonuses, etc. using a calculator.

ESSENTIAL DUTIES AND RESPONSIBILITIES may include the following; other duties may be assigned as needed.

• Job requires maintenance capability for the bank’s main operating system and the department’s documentation systems.
• Requests personal and business financial information and responds to customer questions regarding requested information. This job requires a high degree of accuracy and attention to detail in serving and assisting commercial customers.
• Assists in the maintenance of the commercial portfolios as assigned.
• Communicates with customers, attorneys, lenders, underwriters, and credit analysts as necessary.
• Verifies financials received for accuracy and completeness before forwarding to the Commercial Lending Assistants for tracking purposes.
• Verifies new commercial loans for accuracy, before and after closing, and that all documents have been signed are on file with the bank.
• Updates and maintains the monthly/quarterly loan policy exception reporting, including any new policy exceptions and monitoring existing exceptions for the ability to remove them from the report tracking.
• Prepares maturity and renewal forms including Customer Due Diligence and Beneficial Ownership documentation.
• Prepares EDR reports, credit reports, flood reports, appraisals/in-house evaluations, property searches, HMDA when necessary.
• Assists with commercial loan worksheets, and collateral charts for new loan requests that fall below the threshold to which an analysis is required. In addition, assists in managing the annual reviews for commercial loan officer on relationships that fall between $500,000 to $1,000,000.
• Verifies current insurance documents and contact agent if necessary.
• Completes loan closing with customer in the absence of Loan Officer (may require travel).
• Assists customers with account related questions (loans & deposits), establishing automatic payments, and/or requesting a business deposit account to be opened.
• Understands and supports all BSA/AML responsibilities as applicable to the position as well as consistently, accurately, and timely carry out these responsibilities in compliance with the Bank’s internal policies.
• Serves as secondary contact for customers when commercial loan officer is otherwise not available