In this hybrid role, based at our Chicago Headquarters, you will support the commercial lending team with active monitoring of the commercial lending portfolio. Gather financial information, conduct property-level financial evaluations and borrower and guarantor examinations.
Responsibilities- Interact with borrowers and obtain necessary information on the property and guarantors/sponsors. Maintain financial statement collection and keep track of past due documents.
- Order periodic site inspections for commercial loan in the portfolio.
- Maintain a log of completed inspections and advise management of issues identified in the inspection reports.
- Monitor portfolio loans for adherence to covenants and identify potential issues.Conduct annual reviews of commercial loans within the credit union portfolio, including evaluation of property financials, assessing creditworthiness of guarantors/sponsors and determine annual risk ratings of the loan.
- Prepare the annual review report for review and approval by credit committees.
- Perform market research using various online and third-party applications, compare performance of collateral property against market data and estimate updated asset valuation.
- Maintain an organized filing system to ensure documents are up to date to facilitate an efficient audit process.
- Review requests for earnout provisions as identified in the loan documents to ensure that requirements have been met to warrant the additional funds.
- Prepare analytical reports for management review of the commercial loan portfolio performance.
- Bachelors Degree - Business, Finance, Accounting or Related - Minimum
Years of Experience:
- 4 years - Commercial Real Estate Lending or Related - Minimum
In Lieu of Education:
- 6 years - Commercial Real Estate Lending or Related
Compensation & Benefits:
Typical hiring range: $76,500 - $108,050 Annually. Actual compensation will be determined using factors such as experience, skills & knowledge.
Additional Compensation: Annual performance bonus
Benefits: Alliant provides a benefits package including health care, vision, dental, and 401k with employer match.
Additional Benefits:
- Work from home up to 3 days a week
- Paid parental leave
- Employee discount programs
- Time off including paid personal and sick days
- 11 paid holidays
- Education reimbursement
*Note that eligibility and cost of benefits can vary depending on the number of regularly scheduled hours, and job status such as regular full-time, regular part-time, or temporary employment.
Adhere to and ensure compliance of all business transactions with policy and process of the Bank Secrecy Act. Ensures compliance with all applicable state and federal laws, company procedures and policies. Maintains integrity and ethics in all actions and conversations with or regarding credit union members and their accounts; complies with Privacy Act directives.
The responsibilities listed do not contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this position. Duties, responsibilities and activities may change at any time with or without notice.
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