Commercial Loan Assistant

Commercial Loan Assistant

We are looking for an organized, professional, and efficient Commercial Loan Assistant to work full-time in our Business Services department.

Arkansas Federal Credit Union is seeking enthusiastic, innovative, and well-rounded individuals to build our team. Arkansas Federal, the largest credit union in the state, emphasizes employee engagement and outstanding service for our members. You are encouraged to challenge the status quo and bring new ideas to every aspect of the organization. With an open-door policy from the top to the bottom, we are able to professionally develop our staff to cultivate talent and leaders.

We strive to make a difference in the lives of our Team Members, Members, Business Partners, and our Communities. Arkansas Federal is proud to be named one of Arkansas’s Best Places to work.

• Opportunity to make a difference in the lives of our members, team & communities
• Learning and development opportunities
• Paid community involvement up to 48 hours for hourly employees and unlimited for salaried employees
• Medical, dental, vision & life insurance
• Long- & short-term disability
• 401(k) with employer match plus additional pension plan at $0 cost to employee
• Tuition reimbursement4 weeks paid time off plus 11 paid holidays in the first year
• Advancement opportunities
• Arkansas Federal Credit Union membership

As a Commercial Loan Assistant, you are primarily responsible for assisting commercial lenders.

• Verify, compile, and complete loan applications.
• Prepare new loan requests to submit to loan processing, review the loan file to verify that data is complete and meets established standards.
• Process documentation of loans and extensions, close loans and prepare for booking, as well as compute payment and interest.
• Resolve exceptions or any other documentation deficiencies along with actively managing outstanding exception items for compliance with Credit Policy.
• Work closely with the assigned officers to assist in collecting financial data and member phone/email communication to better manage the overall member relationship.
• Monitor reports such as past due, paid off loans, criticized assets, and maturing loan lists to assist and proactively inform officer of potential or pending issues.
• Coordinate and facilitate funding of construction loan disbursements when needed.

• Have a high school diploma (or equivalent)
• Have 2 years of related experience
• Ability to read and understand documents such as policy manuals, safety rules, operating and maintenance instructions, and procedure manuals.
• Ability to write routine reports and correspondence.
• Previous loan or loan documentation experience.
• Good understanding of financial institution products and services.

People are less likely to apply for jobs if they do not meet every single qualification. At Arkansas Federal we are dedicated to building a diverse and inclusive workplace. Therefore, if you are interested in this role, but do not meet every qualification, we would encourage you to apply or reach out to our Talent Acquisition Specialist to discuss the position.

You may be just the right candidate for this role or other roles.

Arkansas Federal Credit Union is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, gender, gender identity, sexual orientation, age, status as a protected veteran, among other things, or status as a qualified individual with disability.