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Job Opportunity: Commercial Lending Specialist:Job description:
Commercial Lending SpecialistOverviewHudson Valley Credit Union is currently recruiting for the position of Commercial Lending Specialist. Primary function: Provide support to Commercial Lending Operations, including preparation of department reports and maintenance of department databases and portfolio management systems; as well as the third party due diligence process. Assist with processing commercial credit requests. Provide support to internal and external member requests. Provide service support to internal and external member requests. Provide assistance for commercial loan processing and quality control functions, as needed. Responsibilities » Track, monitor and provide regular updates on the third party due diligence process, specifically commercial appraisal and environmental reports. To include obtaining quotes, ordering, collecting funds and processing payments for commercial appraisal and environmental reports and reviews. » Prepare and regularly update required Commercial Lending department, management and Board reports. To include watch list, portfolio, exception, SBA, UCC expiration and various other monthly or quarterly reports. » Coordinate the timely distribution of HVCU Business Loan Committee packages as well as preparing minutes for these meetings with minimal edits required from management. Schedule various other department meetings and take minutes for these meetings. Prepare memos and supporting documents for meetings, as needed. » Provide support to Commercial Lending staff, including preparation of pre-closing worksheets, filing all post approval documentation for all commercial loans, tracking documents out for recording and maintaining current information for the commercial loan portfolio » Maintain complete and accurate commercial credit files as well as assisting with gathering and providing information during exams and audits. To include maintaining and updating participation loan files and participation due diligence documents. Prepare various letters to members and follow up with Commercial Lending staff and members, as needed. » Reconcile GL accounts and process invoices and checks received for various commercial lending functions. Ensure vendor management system is updated and maintained by collecting required due diligence information from vendors and submitting to the appropriate area/system. » Maintain and update department procedures. To include tracking of procedure updates and changes. » Have a general knowledge of commercial loan terminology and commercial loan ratios including debt-to earnings ratio, debt service coverage ratio, and loan to value ratio. » Assist with the maintenance of all commercial loans on the loan origination/servicing system, and submit service requests, as needed. » Provide administrative support for department supplies and software. Provide backup coverage for commercial loan processing and quality control functions, as needed. » Achieve goals assigned to the Commercial Lending Specialist as part of the assigned departments’ annual operating plan. To include suggesting and assisting with implementing process improvements to enhance member practice and increase department efficiencies. » Adhere to all Credit Union policies, procedures, and regulatory agency requirements. Participate in all required and recommended training and development including, but not limited to, Bank Secrecy Act training (BSA) and demonstrate attained knowledge. Participate on Credit Union teams, projects and strategic initiatives when the opportunity arises. Perform additional tasks and special projects as assigned. » Embrace and apply HVCU’s guiding principles to all activities and responsibilities. This includes the Credit Union’s Mission, Vision, Core Values, Employee and Member Value Propositions, Sales and Service Model, and commitment to Lean Six Sigma practices. Support the Credit Union’s initiatives by demonstrating teamwork and professionalism. » Responsible for regular and predictable attendance including punctuality. Qualifications » High School Diploma, General Education Development (GED) certificate, or state authorized high school equivalent certificate required » Minimum of 2 years of commercial/business lending practice required » Minimum of 2 years of Knowledge of database, excel and report preparation required. » Minimum 2 years of commercial loan documentation practice, in particular with appraisal and environmental reports preferred » Minimum 2 years practice with Synergy/document imaging system preferred Why choose HVCU? HVCU cares for our employees, members, and community. This is exemplified through our awards-winning benefits package, opportunities for professional advancement, commitment to diversity, equity inclusion amongst employees and focus on bettering our community through charitable donations & volunteer hours! Employee Perks: » Medical, Dental, and Vision coverage (coverage starting as low as $20 per month) » 401(k) with employer match and non-elective employer contribution » Paid time off (PTO), holidays, and community volunteer time » Flexible Spending Account (medical & dependent care) » Life, Short-Term, and Long-Term Discapability Insurance » Employee Assistance Program » Educational Assistance Program; Student Loan Repayment & Tuition Reimbursement » HVCU University & Academy; professional development training » Discounted Loan Rates & Fees Diversity Commitment: “At HVCU, we recognize that our greatest strength comes from the diversity of our team, the members that we serve, and our communities. We are committed to upholding our values of Diversity, Equity, and Inclusion in everything we do. We celebrate and embrace what makes each of us different and foster an environment where everyone feels like they belong.” Hudson Valley Credit Union is an AA/EEO employer committed to equal opportunity and employee diversity. All qualified candidates will receive consideration for employment without regard to race, color, religion, sex, age, sexual orientation, gender identity, the status of being transgender, national origin, discapability, military or veteran status, genetic information, marital or familial status, domestic violence victim status, or any other characteristic protected by law. » High School Diploma, General Education Development (GED) certificate, or state authorized high school equivalent certificate required » Minimum of 2 years of commercial/business lending practice required » Minimum of 2 years of Knowledge of database, excel and report preparation required. » Minimum 2 years of commercial loan documentation practice, in particular with appraisal and environmental reports preferred » Minimum 2 years practice with Synergy/document imaging system preferred Why choose HVCU? HVCU cares for our employees, members, and community. This is exemplified through our awards-winning benefits package, opportunities for professional advancement, commitment to diversity, equity inclusion amongst employees and focus on bettering our community through charitable donations & volunteer hours! Employee Perks: » Medical, Dental, and Vision coverage (coverage starting as low as $20 per month) » 401(k) with employer match and non-elective employer contribution » Paid time off (PTO), holidays, and community volunteer time » Flexible Spending Account (medical & dependent care) » Life, Short-Term, and Long-Term Discapability Insurance » Employee Assistance Program » Educational Assistance Program; Student Loan Repayment & Tuition Reimbursement » HVCU University & Academy; professional development training » Discounted Loan Rates & Fees Diversity Commitment: “At HVCU, we recognize that our greatest strength comes from the diversity of our team, the members that we serve, and our communities. We are committed to upholding our values of Diversity, Equity, and Inclusion in everything we do. We celebrate and embrace what makes each of us different and foster an environment where everyone feels like they belong.” Hudson Valley Credit Union is an AA/EEO employer committed to equal opportunity and employee diversity. All qualified candidates will receive consideration for employment without regard to race, color, religion, sex, age, sexual orientation, gender identity, the status of being transgender, national origin, discapability, military or veteran status, genetic information, marital or familial status, domestic violence victim status, or any other characteristic protected by law. » Track, monitor and provide regular updates on the third party due diligence process, specifically commercial appraisal and environmental reports. To include obtaining quotes, ordering, collecting funds and processing payments for commercial appraisal and environmental reports and reviews. » Prepare and regularly update required Commercial Lending department, management and Board reports. To include watch list, portfolio, exception, SBA, UCC expiration and various other monthly or quarterly reports. » Coordinate the timely distribution of HVCU Business Loan Committee packages as well as preparing minutes for these meetings with minimal edits required from management. Schedule various other department meetings and take minutes for these meetings. Prepare memos and supporting documents for meetings, as needed. » Provide support to Commercial Lending staff, including preparation of pre-closing worksheets, filing all post approval documentation for all commercial loans, tracking documents out for recording and maintaining current information for the commercial loan portfolio » Maintain complete and accurate commercial credit files as well as assisting with gathering and providing information during exams and audits. To include maintaining and updating participation loan files and participation due diligence documents. Prepare various letters to members and follow up with Commercial Lending staff and members, as needed. » Reconcile GL accounts and process invoices and checks received for various commercial lending functions. Ensure vendor management system is updated and maintained by collecting required due diligence information from vendors and submitting to the appropriate area/system. » Maintain and update department procedures. To include tracking of procedure updates and changes. » Have a general knowledge of commercial loan terminology and commercial loan ratios including debt-to earnings ratio, debt service coverage ratio, and loan to value ratio. » Assist with the maintenance of all commercial loans on the loan origination/servicing system, and submit service requests, as needed. » Provide administrative support for department supplies and software. Provide backup coverage for commercial loan processing and quality control functions, as needed. » Achieve goals assigned to the Commercial Lending Specialist as part of the assigned departments’ annual operating plan. To include suggesting and assisting with implementing process improvements to enhance member practice and increase department efficiencies. » Adhere to all Credit Union policies, procedures, and regulatory agency requirements. Participate in all required and recommended training and development including, but not limited to, Bank Secrecy Act training (BSA) and demonstrate attained knowledge. Participate on Credit Union teams, projects and strategic initiatives when the opportunity arises. Perform additional tasks and special projects as assigned. » Embrace and apply HVCU’s guiding principles to all activities and responsibilities. This includes the Credit Union’s Mission, Vision, Core Values, Employee and Member Value Propositions, Sales and Service Model, and commitment to Lean Six Sigma practices. Support the Credit Union’s initiatives by demonstrating teamwork and professionalism. » Responsible for regular and predictable attendance including punctuality. Skills:
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