Business Banking Associate - Commercial Loans (Washington branch)
Sunrise Banks, Minneapolis, Minnesota, United States, 55400
Description
At Sunrise Banks we are committed to a culture of trust and transparency that welcomes all.
Position Summary
The Business Banking Associate position requires attention to detail and technical proficiency. The role involves supporting the Commercial Lending and Portfolio Management team by maintaining client relationships, collecting financial and related data, conducting monetary transactions, and providing customer service. Responsibilities also include managing loan and credit file documentation to ensure adherence to bank policies, procedures, and regulatory requirements.
Responsibilities
Areas of concentration include commercial term loans and lines of credit; consisting of Commercial & Industrial (C&I), Commercial Real Estate (CRE), 1-4 Family, Multi-Family, Leases, and Small Business Administration (SBA) Guaranteed Loans.
Maintain client relationships through ongoing contact and collaboration with title companies, attorneys, and insurance companies to request documents for loan files, loan closings, settlement statements, recording of collateral, etc.
Perform due diligence related to commercial loan closings: order/review title policies, lien searches, credit reports, OFAC, borrower organizational documents, COGS, flood zone determinations, order Appraisals/Environmental Phase I, Property Tax Escrow Calculations, trust documentation, HMDA, CIP, CRA.
Request appropriate loan documents & review loan closing documents/packages to prepare for loan closings and work with Loan Operations to ensure proper booking of loan and processing of fees.
Ensure that all Conditions to Close have been met prior to loan closing.
Serve as a contact and conduit for commercial clients’ needs and communicate with clients to obtain required financial information and other information needed to conduct business and maintain the integrity of their commercial loan file.
Maintain the borrowers Document Library by coordinating the updating of ticklers and preparing the file for imaging.
Assist commercial lenders by scheduling and facilitating loan closings or other meetings with the borrower.
Report Management and clear post-closing findings discovered by the loan review team.
Adhere to all Bank regulatory requirements, policies & procedures, and Compliance guidelines.
Key Collaborators Sr. Business Banking Associate Manager, Director Credit Administration, REDD, Loan Operations, Commercial Sales Team, Portfolio Managers, Credit Analysts, Construction Department
Supervisory Responsibilities None
Competencies
Alignment with Sunrise Core Values
Adaptability
Communication
Compliance
Dependability & Flexibility
Initiative
Integrity
Judgement
Organizational Skills
Productivity & Pro-Active
Professionalism
Quality Service
Teamwork
Technical /PC Skills
Work Quality
Education & Experience
High school degree or GED required.
2 Year College degree in business related field preferred.
1-2 years BBA or similar experience required.
Experience in the financial industry preferred.
Superior skill set in the use of Microsoft Teams, Excel, Word, PowerPoint, Access, and Outlook.
A comprehensive skill set in Fiserv & Abrigo preferred.
Compensation And Benefits Annual salary DOQ: $43,353 - 61,933 - 80,513
Benefits: Medical, Dental, Vision, Life, AD&D, STD, LTD, Pet insurance, FSA, PTO, PVTO, PPL and more. Visit www.sunrisebanks.com/about/careers
#J-18808-Ljbffr
Position Summary
The Business Banking Associate position requires attention to detail and technical proficiency. The role involves supporting the Commercial Lending and Portfolio Management team by maintaining client relationships, collecting financial and related data, conducting monetary transactions, and providing customer service. Responsibilities also include managing loan and credit file documentation to ensure adherence to bank policies, procedures, and regulatory requirements.
Responsibilities
Areas of concentration include commercial term loans and lines of credit; consisting of Commercial & Industrial (C&I), Commercial Real Estate (CRE), 1-4 Family, Multi-Family, Leases, and Small Business Administration (SBA) Guaranteed Loans.
Maintain client relationships through ongoing contact and collaboration with title companies, attorneys, and insurance companies to request documents for loan files, loan closings, settlement statements, recording of collateral, etc.
Perform due diligence related to commercial loan closings: order/review title policies, lien searches, credit reports, OFAC, borrower organizational documents, COGS, flood zone determinations, order Appraisals/Environmental Phase I, Property Tax Escrow Calculations, trust documentation, HMDA, CIP, CRA.
Request appropriate loan documents & review loan closing documents/packages to prepare for loan closings and work with Loan Operations to ensure proper booking of loan and processing of fees.
Ensure that all Conditions to Close have been met prior to loan closing.
Serve as a contact and conduit for commercial clients’ needs and communicate with clients to obtain required financial information and other information needed to conduct business and maintain the integrity of their commercial loan file.
Maintain the borrowers Document Library by coordinating the updating of ticklers and preparing the file for imaging.
Assist commercial lenders by scheduling and facilitating loan closings or other meetings with the borrower.
Report Management and clear post-closing findings discovered by the loan review team.
Adhere to all Bank regulatory requirements, policies & procedures, and Compliance guidelines.
Key Collaborators Sr. Business Banking Associate Manager, Director Credit Administration, REDD, Loan Operations, Commercial Sales Team, Portfolio Managers, Credit Analysts, Construction Department
Supervisory Responsibilities None
Competencies
Alignment with Sunrise Core Values
Adaptability
Communication
Compliance
Dependability & Flexibility
Initiative
Integrity
Judgement
Organizational Skills
Productivity & Pro-Active
Professionalism
Quality Service
Teamwork
Technical /PC Skills
Work Quality
Education & Experience
High school degree or GED required.
2 Year College degree in business related field preferred.
1-2 years BBA or similar experience required.
Experience in the financial industry preferred.
Superior skill set in the use of Microsoft Teams, Excel, Word, PowerPoint, Access, and Outlook.
A comprehensive skill set in Fiserv & Abrigo preferred.
Compensation And Benefits Annual salary DOQ: $43,353 - 61,933 - 80,513
Benefits: Medical, Dental, Vision, Life, AD&D, STD, LTD, Pet insurance, FSA, PTO, PVTO, PPL and more. Visit www.sunrisebanks.com/about/careers
#J-18808-Ljbffr