Commercial Lending Portfolio Specialist - Branchburg

Location: Branchburg Township

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Full Time 30-39 Hour Branchburg, NJ, US

Salary Range: $79,000.00 To $97,000.00 Annually

Financial Resources FCU has been designated one of the Best Places to Work in NJ since 2022! At FRFCU, we are "putting people first" and that starts with our employees! Come see why our team members have voted us for Best Places to Work in NJ for 4 consecutive years!

Financial Resources is a not-for-profit federal credit union with locations in Somerset, Hunterdon, Middlesex, Hudson and Union Counties. With a history of serving our members for more than 100 years, we have grown to more than $650 million in assets serving more than 29,000 members with 6 public access branches and a team of 100 employees. We are available Nationwide!

Financial Resources Federal Credit Union (FRFCU) is looking for Commercial Portfolio Specialist to join our Commercial Lending Team!

THIS POSITION IS LOCATED ON SITE IN BRANCHBURG, NJ.

The Commercial Portfolio Specialist will administer the Commercial & SBA loan portfolio. The employee will perform loan reviews on the existing portfolio to reaffirm risk ratings, and upgrade / downgrade when applicable to ensure borrowers are in compliance with covenants. In addition, the employee will be required to contact borrowers to schedule site visits, hold customer meetings and work with the department manager to resolve customer issues.

We

are looking for someone who exemplifies the following traits:

• Caring
• Initiative
• Ethics
• Job Knowledge
• Self-Development
• Teamwork
• Results Driven
• Organizational skills
• Analytical Thinking
• Communication

Some of your essential duties will include, but are not limited to:

Client servicing

• On-going asset and client management. Follow up with borrower to obtain updated financial information including business / personal tax returns and personal financial statements to complete annual reviews, renewals and any necessary memos; required to conduct overall analysis of the credit condition of the borrower.
• Maintain and administer assigned Commercial and SBA portfolio with respect to the preparation of loan reports, servicing actions, amendments and requests from within the portfolio.
• Maintain and update insurance policy including flood, hazard and life insurance within the portfolio.
• Process UCC continuations with the state and county.
• Track real estate tax payments on a quarterly basis.
• Adherence to Lending Policy in regards to MBL / SBA loans, practices and regulatory policies to assist in compliance requests.
• Ensure compliance with SBA requirements and knowledge of SBA SOP.

Reporting

• Prepare weekly trial balance reports, as well as monthly insurance and UCC continuation ticklers.

Other Duties

• Keep informed of industry changes, trends and best practices.
• Develop and maintain relationships with existing members to cross-sell other Credit Union products and services
• Assist with SBA repurchase packages.
• Other projects and duties as assigned by management

What we offer to our team members:

• Work Life Balance Programs that includes a 4 Day Work Week and Hybrid work environment after satisfactory completion of your training period
• Generous paid time off
• Health, dental and vision plans for employees and their families
• Health Savings and Flex Spending Accounts
• Paid Parental Leave Programs
• Short and Long-Term Disability Programs
• Company provided life insurance and low-cost supplemental insurance plans
• 401K with 100% employer match, up to 6%, after one year and potential for additional profit-sharing contributions
• Opportunities for career advancement with continuous learning and development

We ask that you have:

• Bachelor’s Degree in a relevant area of study or, equivalent work experience
• Five years’ experience in a financial institution; including five years’ experience in commercial lending. Formal bank credit training or comparable program required.
• Requires professional, well-developed interpersonal skills necessary for communicating with members, vendors, and peers.
• Ability to work independently and as a team member.
• Familiarity with Loan Vantage loan origination system (preferred, but not required).
• Experience using E-Tran (preferred but not required).
• Excellent Multitasking skills with a strong attention to detail.
• Computer literacy with advanced Microsoft Word and Excel programs.
• Travel to client’s sites is required in lieu, and/or, in coordination with, the department head or loan officer.

If you want to work in a friendly environment and with an organization that is looking to expand its footprint, please consider applying for this opportunity.

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