Commercial Loan Specialist

• Job Category Commercial Operations, Commercial, Finance
• Employee Type Full-Time Exempt
• Manage Others No

• Name Human Resources

Department:
Commercial Loan Department

Reports To:

Commercial Loan Manager
Supervises:
None

FLSA Status:
Exempt

Status:
Full Time, Regular

Officer:
Yes

Location:

Evansville Region
* Incumbent may be assigned and re-located to a branch within the Region as staffing and business initiatives dictate.

Hours:

Monday through Friday 8am – 5pm
* Over-time may be required if business and staffing needs dictate.

First Federal was established on Evansville, Indiana’s Westside in 1904 and is a community bank currently serving communities in the tri-state area with several branch locations in Posey, Vanderburgh, Henderson, Warrick, Daviess and Pike Counties.

Full-time employees of First Federal are offered a comprehensive benefit package including Paid Time Off, up to 11 paid Holidays, 401k, ESOP, company paid Disability and Life insurance and Health and Wellness Options including Medical, Dental, Vision, Life and Supplemental Insurance. Our Part-time employees are eligible for up to 11 paid Holidays and can choose to enroll in Dental, Vision and Supplemental Insurance, and participate in clinic healthcare services.

Aside from that, all employees can expect to receive discounted bank services such as free checks, discounts on loans, waived processing fees and much more.

First Federal is committed to creating an inclusive work environment where business results are achieved through the skills, abilities and talents of our diverse workforce.

At First Federal, individuals are respected for their contributions toward our company objectives. We strive for an inclusive work environment across all levels that is reflective of the available workforce in the communities we serve.

The Commercial Loan Specialist is responsible for coordinating and managing the loan fulfillment process for Commercial Real Estate (CRE), Small Business Administration (SBA), and Commercial & Industrial (C&I) loan transactions. The role performs analytical, and operational work directly related to First Federal Saving Bank’s credit, compliance, and lending operations, exercising independent judgment in determining documentation sufficiency, resolving exceptions, sequencing closing steps, and ensuring regulatory and policy compliance.

• Associate or Bachelor’s degree in Business, Finance, Accounting or related field preferred.
• Three (3) plus years of experience in commercial lending support, credit administration, or loan operations (CRE, SBA, or C&I).
• Working knowledge of bank regulatory expectations required.
• Experience working with nCino and Cleartouch is preferred but not required.
• Professional development coursework or pursuit of credit-related certifications encouraged.

• Evaluate borrower, guarantor, and collateral documentation for adequacy, completeness, and compliance with credit approval conditions and regulatory requirements—not merely collecting documents but determining which items satisfy conditions.
• Analyze CRE, SBA, and C&I loan structures to identify appropriate third-party reports (appraisal, environmental, survey, UCC filings, insurance, etc.) and determine which reports are required for compliance based on loan purpose and collateral type.
• Conduct preliminary review of third-party documentation results to identify material issues requiring underwriting or legal review, exercising discretion on when escalation is needed.

• Prioritize and sequence tasks across multiple loan files, independently determining closing timelines, documentation order, and resolution of outstanding conditions.
• Determine most effective approaches to clear documentation exceptions, cure title issues, reconcile policy discrepancies, and address underwriting stipulations.
• Evaluate borrower-provided information to identify deficiencies, request appropriate alternatives, and recommend corrective actions to lenders and credit.