Commercial Credit Specialist
General Electric Credit Union, Cincinnati, Ohio, United States, 45208
General Electric Credit Union is a not-for-profit, member-owned full-service financial institution headquartered in Cincinnati with branches in Ohio and Kentucky. At GECU, we pride ourselves on maintaining quality service, being an employee-friendly workplace, and developing our team members while teaching you the skills to lead you to career advancement opportunities.
Overview The Commercial Credit Specialist (CCS) is responsible for tasks related to the end-to-end commercial credit process. The CCS role is the first point of engagement for the lenders and responsible for ensuring timely and consistent execution of the commercial credit process. Responsibilities include initial deal coordination, confirmation that appropriate financial statements have been submitted for a request, order and review of pre-close due diligence, and engagement of the loan processing team. The CCS will assist in the setting up of ticklers, collection and monitoring of financial documents that are required. The CCS will be responsible for preparation of monthly and quarterly board reports for the Commercial Credit Team, monitoring maturing loans and outreach to members to gather information where appropriate or assignment for a lender for further action.
Essential Responsibilities
Initial deal coordination – confirmation that the appropriate financials statements have been submitted.
Order and review of pre-close due diligence.
Setup/Scheduling/Collection/Monitoring of client related documentation, including financials.
SBA 1052 reporting.
Accurate and timely completion of Board Reports including hosting a monthly collection call for updates with management.
Collection and Monitoring of Borrowing Base Reports. Submit limit restrictions to Business Loan Operations.
Manage Meridian Link Loan Process, reviewing all new applications, notifying credit analysts of new applications ready to be decisioned, communicating requests for additional documentation with applicants and communicating loan decisions with applicants.
Assist in the management of maturing loans/renewals by sending notices to members via email and regular mail. Review maturing loan pipeline and participate in pipeline review meetings.
Monitor the Commercial Lending Email Box.
Insurance Tracking
Must understand and comply with all required federal and state regulations associated with this position.
Performs other duties as assigned.
Education and Experience
High school diploma or GED required; associate’s degree in business, finance or accounting preferred.
Minimum of two years of experience in a commercial lending or similar lending role.
Knowledge, Skills, and Abilities
Strong organization and time management skills, along with great attention to detail.
Proficiency in technology, including systems such as: Microsoft applications, Merdian Link, Abrigo/Sageworks, DNA.
Effective verbal and written communication skills.
Ability to work independently and with minimal supervision.
Benefits
Health, Dental and Vision insurance.
Life and Disability insurance options.
Paid Time Off starts accruing once hired, and take your birthday off - paid.
401k Retirement plan with up to a 10% match of your base gross compensation.
Tuition reimbursement opportunities & professional development.
Volunteer opportunities - and earn additional PTO hours!
On-site clinics for Vaccines and Mammograms.
And many more!
Come join GECU as we are a curated culture of respect, understanding, and mutual recognition. We believe forming bonds and connecting with each other only stands to strengthen the service we provide to our members in our mission of improving the Quality of Financial lives!
General Electric Credit Union is an Equal Opportunity Employer.
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Overview The Commercial Credit Specialist (CCS) is responsible for tasks related to the end-to-end commercial credit process. The CCS role is the first point of engagement for the lenders and responsible for ensuring timely and consistent execution of the commercial credit process. Responsibilities include initial deal coordination, confirmation that appropriate financial statements have been submitted for a request, order and review of pre-close due diligence, and engagement of the loan processing team. The CCS will assist in the setting up of ticklers, collection and monitoring of financial documents that are required. The CCS will be responsible for preparation of monthly and quarterly board reports for the Commercial Credit Team, monitoring maturing loans and outreach to members to gather information where appropriate or assignment for a lender for further action.
Essential Responsibilities
Initial deal coordination – confirmation that the appropriate financials statements have been submitted.
Order and review of pre-close due diligence.
Setup/Scheduling/Collection/Monitoring of client related documentation, including financials.
SBA 1052 reporting.
Accurate and timely completion of Board Reports including hosting a monthly collection call for updates with management.
Collection and Monitoring of Borrowing Base Reports. Submit limit restrictions to Business Loan Operations.
Manage Meridian Link Loan Process, reviewing all new applications, notifying credit analysts of new applications ready to be decisioned, communicating requests for additional documentation with applicants and communicating loan decisions with applicants.
Assist in the management of maturing loans/renewals by sending notices to members via email and regular mail. Review maturing loan pipeline and participate in pipeline review meetings.
Monitor the Commercial Lending Email Box.
Insurance Tracking
Must understand and comply with all required federal and state regulations associated with this position.
Performs other duties as assigned.
Education and Experience
High school diploma or GED required; associate’s degree in business, finance or accounting preferred.
Minimum of two years of experience in a commercial lending or similar lending role.
Knowledge, Skills, and Abilities
Strong organization and time management skills, along with great attention to detail.
Proficiency in technology, including systems such as: Microsoft applications, Merdian Link, Abrigo/Sageworks, DNA.
Effective verbal and written communication skills.
Ability to work independently and with minimal supervision.
Benefits
Health, Dental and Vision insurance.
Life and Disability insurance options.
Paid Time Off starts accruing once hired, and take your birthday off - paid.
401k Retirement plan with up to a 10% match of your base gross compensation.
Tuition reimbursement opportunities & professional development.
Volunteer opportunities - and earn additional PTO hours!
On-site clinics for Vaccines and Mammograms.
And many more!
Come join GECU as we are a curated culture of respect, understanding, and mutual recognition. We believe forming bonds and connecting with each other only stands to strengthen the service we provide to our members in our mission of improving the Quality of Financial lives!
General Electric Credit Union is an Equal Opportunity Employer.
#J-18808-Ljbffr