Business Loan Specialist

Description

Sound is looking for…

A Business Loan Specialist! Your primary responsibilities as a Business Loan Specialist are to provide administrative support to the Business Lending department. In this role you will monitor business loan relationships, assist with member service needs, obtain applicable loan documentation, ensure proper collateral perfection, and manage up to date relationship tracking, all the while ensuring compliance with Credit Union policies and procedures and contributing to the success of the Credit Union by providing superior service according to Sound Credit Union’s brand expectations.

At Sound you will experience…

• Our purpose which is “to stand with you through all waves of life”. Every day, our employees help us to live this purpose. We believe in empowering our employees to do the right thing. 
• A diverse workforce with an inclusive and supportive environment.
• Besides competitive pay, we offer career growth, and we hold a benefits package that’s consistent with our purpose, personalities, and values.
• Teams that are living out the credit union philosophy of “people helping people”.
• Fellow employees who are dependable, genuine, inclusive, and resourceful.
• Leaders of Sound Credit Union who embrace our Brand Purpose. At Sound, we recognize our actions strongly impact our Brand-led culture. Therefore, we commit to consistently serve as Brand Advocates by modeling desired behaviors to inspire others through being Supportive, Open, Unified, iNclusive, and by Doing the right thing.
• Here is what a day at this job will look like!

As a Business Loan Specialist you will…

• Serve as the primary support contact for business members providing exceptional member service as well as administrative and internal/external office communication support for the Business Services department
• Prepare, coordinate, review, and monitor loans and loan documents for accuracy, completeness and adherence to approval conditions. Ensure all loan documents adhere to loan approval and comply with all regulations and policy/procedures. Provide recommendations/feedback for language to include in loan documents when appropriate.
• Assist with credit approval processes as needed (i.e. managing/tracking internal loan codes, approval documentation, deposit balances, etc.).
• Follow up with business members to obtain all necessary information and clarification of financial analysis materials and resources.
• Manage and monitor daily/weekly/monthly loan tracking, ticklers, member overdrafts, and other applicable reporting.
• Set up and maintain the Business Lending department physical and electronic files, pre and post loan closing. Scan all loan documents and applicable supporting documents to Synergy.
• Build positive professional relationships with title companies, attorneys, or other financial/legal resources to obtain correct and accurate documents to fully protect Sound Credit Union’s interest and members.
• Process loan payoffs, track insurance, payments, taxes, uniform commercial codes, documentation, disbursements of loan proceeds, and complete necessary reporting. Research and resolve loan issues and member concerns. Review title insurance commitments and exceptions on commercial real estate loans, providing feedback on errors or omissions. Ensure collateral is properly secured in the proper lien position (via UCC, Deed of Trust, Title, etc.)
• Provide support to the Business Lending team with loan servicing activities, if needed. This would include, but not be limited to, generating loan documents, booking loans, loan funding, auditing loans, prepare closing escrow instructions, maintaining loan timeframes and data input/reconciliation of related GL accounts. Ensure all outstanding items or policy exceptions are satisfied prior to loan closing. When appropriate, may be required to conduct loan signing with business members on behalf of Business Loan Officer.
• Work on assignments that are moderately complex in nature where judgment is required to solve problems and make routine recommendations.
• Ensure procedures, regulations, and guidelines are followed consistently, efficiently, and are well documented. Maintain a high level of regulatory loan compliance knowledge. Work closely with internal Risk Management to ensure overall compliance with the Credit Union’s policies and practices, and regulatory requirements in order to achieve satisfactory rating from internal and external auditors.

Qualifications

Our ideal candidate will bring to the team…

• Three years of experience in business/commercial loan support, or related position.
• Experience within a financial institution preferred.
• High School Diploma or equivalent required.

In addition:

• Must be bondable
• Employer sponsorship to secure or maintain employment authorization not available

As a team member of Sound, you will receive…

• These benefits in support of a true work/life balance:
  • Full medical, dental, vision, and disability for the employee [yourself] with premiums paid by Sound
  • 401(k) with 4% match - Plus discretionary profit share of up to 5% of annual salary
  • Employee assistance program for wellness counseling
  • Free and/or discounted banking services with Sound
  • Three weeks Paid Time Off (PTO) accrued annually
  • 10 paid federal holidays every year
  • Gym/lifestyle reimbursement
  • Employee bonus program
  • Tuition assistance
  • ORCA pass
• Incentives available for multilingual speakers

Your compensation:

$24.23 – $30.29 per hour – based upon relevant experience

At Sound Credit Union we believe in paying our employees a fair and living wage. Individual offers are made dependent upon a candidate’s prior experience and education level as it pertains their role. This strategy promotes a talented and empowering work environment that we hope you will be a part of!

Your hours:

A hybrid schedule Monday – Friday from 8:00am – 5:00pm.

In your role you will have the ability to combine in-person and remote work. 

About Sound Credit Union…

Sound Credit Union (Sound) was founded in 1940 and is one of Washington State’s largest credit unions. We have 27 full-service branches located throughout the Puget Sound region. At Sound, we pride ourselves on making connections with our members, employees, and community. We’d love to share more about why Sound is somewhere you want to be, apply now, and visit our website at: www.soundcu.com.

The future is in our hands…

Sound Credit Union is proud to be an Equal Opportunity and Affirmative Action employer that is committed to diversity, equity, and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression, national origin, veteran status, disability, age or any other protected status.

People of color, women, LGBTQIA , veterans and persons with disabilities are encouraged to apply!

Salary : $24 - $30