Sr. Commercial Loan Processor

About the Role:

The Senior Commercial Loan Processor plays a critical role in the banking industry by ensuring the efficient processing of commercial loan applications. This position is responsible for reviewing and analyzing loan documentation to ensure compliance with regulatory requirements and internal policies. The successful candidate will collaborate with loan officers, clients, and other stakeholders to facilitate the loan approval process, ultimately contributing to the bank's profitability and customer satisfaction. Additionally, the Senior Commercial Loan Processor will be tasked with identifying potential risks and recommending solutions to mitigate them. This role requires a keen attention to detail and a strong understanding of commercial lending practices to ensure timely and accurate loan processing.

Minimum Qualifications:

• Bachelor's degree in finance, business administration, or a related field.
• A minimum of 5 years of experience in commercial loan processing or a similar role.
• Strong knowledge of commercial lending regulations and compliance requirements.

Preferred Qualifications:

• Certification in commercial lending or related field (e.g., CLFP, CML).
• Experience with loan processing software and financial analysis tools.
• Proven track record of managing complex loan transactions.

Responsibilities:

• Review and verify loan applications and supporting documentation for accuracy and completeness.
• Coordinate with loan officers and clients to gather necessary information and resolve any discrepancies.
• Ensure compliance with all regulatory requirements and internal policies throughout the loan processing cycle.
• Prepare loan documentation and facilitate the closing process in collaboration with legal and compliance teams.
• Monitor loan status and communicate updates to relevant stakeholders, ensuring a smooth and efficient process.

Skills:

The required skills for this position include strong analytical abilities, which are essential for reviewing loan applications and identifying potential issues. Attention to detail is crucial, as the Senior Commercial Loan Processor must ensure that all documentation is accurate and compliant with regulations. Excellent communication skills are necessary for collaborating with various stakeholders, including clients and loan officers, to facilitate the loan process. Additionally, proficiency in financial analysis tools will aid in assessing the creditworthiness of applicants. Preferred skills, such as certification in commercial lending, will enhance the candidate's ability to navigate complex transactions and provide valuable insights to the team.