This job was posted by https://illinoisjoblink.illinois.gov : For more information, please see: https://illinoisjoblink.illinois.gov/jobs/12137919

Page 1 Approved By: Kar men Ra nd o lp h , Debb i e Neu mann

Approval Date: 1/31/2023

Job Description: Commercial Loan Assistant

Prepared: 2/11/2015 Revised: 1/31/2023

Job Summary

The Commercial Loan Assistant is responsible for supporting commercial loan officers by performing various administrative

functions. They will become a key contact person to commercial customers when the lender is unavailable by providing a

high level of customer support.

Essential Duties & Responsibilities

Service commercial lender portfolios by answering telephone calls, responding to emails and responding to

other inquiries in a timely fashion. Prepare reports, statements and other reports as requested to assist the

customer.

Assist lenders in maintaining current financial and other information in imaged files and following up on

exceptions as needed.

Assist lenders with deposit account administration by:

Work with deposit operations/CSR to assist in deposit account opening and maintenance

Retrieve and utilize information on sweep accounts

Assist lenders with the evaluation of loan requests by:

Order credit reports

Gather financial information

Complete Credit Administration work requests as needed

Complete letter of credit applications

Coordinate the preparation of loan documentation for new loans, renewals and modifications by:

Gathering necessary information

Obtain payoff quotes

Completing documentation request forms ensuring requests are completed per terms of loan approval

documents

Obtain real estate title commitments and/or lien searches

Obtain UCC searches and releases

Effectively communicate with Loan Processing and follow for the completion of documentation

Review documentation for accuracy prior to closing

Assist with scheduling of loan closings and conducting loans closings if requested by lender

Disburse loan advances as requested

Assist with loan administration issues including

Work closely with Commercial Loan Servicing regarding customer maintenance issues

Attain collateral releases as requested

Coordinate loan administration with participating banks

Compliance with bank policies and procedures

Supervisory Requirements

Personnel Management: This position has no supervisory responsibilities Process Management:

Position Title

Commercial Loan Assistant

Reports To: Commercial Loan Assistant Supervisor Classification: Non - Exempt Department: Loans

EEO Category: A d m i n S u p p o r t W o r k e r s

Supervises: None Location: Various

Status: Full Time

Page 2 Approved By: Kar men Ra nd o lp h , Debb i e Neu mann

Approval Date: 1/31/2023

Job Description: Commercial Loan Assistant

Prepared: 2/11/2015 Revised: 1/31/2023

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the

essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the

essential functions.

The physical activities of this position may include climbing, reaching, standing, lifting, talking, hearing and

performing repetitive motions.

Medium exertion; exerting up to 50 pounds of force occasionally, and or up to 20 pounds of force frequently, and

or up to 10 pounds of force constantly to move objects.

The worker is required to have close visual acuity to perform an activity such as: preparing and analyzing data and

figures; viewing a computer terminal.

Work Environment

The work environment characteristics described here are representative of those that must be met by an employee to

successfully perform the essential functions of this job. Reasonable accom modations may be made to enable individuals with

disabilities to perform the essential functions.

The noise level in the work environment is usually moderate.

Employees, who work 7 continuous hours or more, must take a 30 minute uninterrupted lunch break no later

than 5 hours after beginning their work day

Education and Qualifications

Essential:

High school education and diploma

Attend loan review course

BSA and other Bank related training through BAI is required annually

Desirable:

Understanding of UCCs, Dee