Commercial Banking Associate

Job Summary

The Commercial Banking Associate supports Regional/Market Presidents, Commercial Relationship Managers, and commercial customers and prospects with all functions related to commercial loans, deposit services, online banking, and treasury management services to leverage Relationship Managers’ (RM) abilities to develop and retain profitable customer relationships. This position encompasses coordination for deposit account opening and construction loan administration and will maintain and manage the Commercial Loan Process system for RMs they support.

The Commercial Banking Associate supports Regional/Market Presidents, Commercial Relationship Managers, and commercial customers and prospects with all functions related to commercial loans, deposit services, online banking, and treasury management services to leverage Relationship Managers’ (RM) abilities to develop and retain profitable customer relationships. This position encompasses coordination for deposit account opening and construction loan administration and will maintain and manage the Commercial Loan Process system for RMs they support.

• Creates and/or maintains electronic commercial relationship customer files
• Initiates and/or manages commercial relationship files in the Commercial Loan Process system (CLP) for prospects and applications, to ensure efficient movement through underwriting process
• Prepares and/or executes account maintenance changes to commercial relationship files including loans and deposit accounts. Coordinates deposit account opening, maintenance, online banking, and Treasury Management referrals by partnering with appropriate Treasury Management team members
• Collects and reviews all components of a loan file to verify accuracy including but not limited to CIP Borrower and Guarantors, Beneficial Ownership forms, OFAC searches, insurance policies, UCC lien searches, proper approval authority, and environmental collateral screens.
• Deepens the commercial relationship by identifying potential personal/consumer bank needs, including consumer and mortgage loans, IRAs, and certificates of deposit and referring to the appropriate team member
• Collaborates with Treasury Management on successful implementations and provides ongoing maintenance for customers.
• Assists Relationship Manager with the completion of the credit approval package and the appropriate components and actively reviews term sheets, commitment letters, and credit memos for content and accuracy.
• Supports Commercial Relationship Managers with day-to-day portfolio management by clearing documentation exceptions, collecting financial requirements, and reviewing internal tracking reports
• Maintains confidentiality and security of sensitive information
• Adheres to all corporate policies and procedures, Federal and State regulations, and laws.
• Completes all mandatory annual compliance training.
• Follows all regulatory requirements including those pertaining to the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Customer Identification Program (CIP), and OFAC to assist in the identification, detection and determent of money laundering and other unlawful activities, as well as regulations pertaining to lending and consumer compliance to include fair lending laws.
• Performs other duties as assigned.

• High school diploma or equivalent.

• 0 to 2 years of commercial or business banking experience.
• Knowledge of bank products and services ideally in commercial lending
• Understanding of regulations and timing requirements for the Home Mortgage Disclosure Act, Flood Disaster Protection Act, ECOA, Appraisal Delivery, and Beneficial Ownership.
• Ability to process work accurately and effectively, to multitask in a high-paced working environment, and to handle confidential information in a professional manner.
• Manage prioritization of workflow for maximum efficiency (especially when supporting multiple RMs).
• Above average computer skills (Word, Excel, PowerPoint, Outlook), and proficient math and organizational skills.
• Ability to communicate in a positive and effective manner in one-on-one and small group…