Job: Commercial Loan Operations Assistant

The Pittsfield Cooperative Bank
70 South Street
P O BOX 1076
PITTSFIELD, MA 01201

Website:pittsfieldcoop.com

Company Description:

Founded in 1889, The Pittsfield Cooperative Bank marks over 130 years in business. The Bank has grown quietly and steadily over the years with the unwavering commitment to its customers, employees, and communities. Our story is of family homes funded and dreams realized, and of providing assistance to businesses and entrepreneurs. Providing a work environment to support employees; and continuing to support the communities we serve through donations, scholarships, and volunteer efforts..

As a community bank, we are here for one reason and one reason only – you. We believe in our cooperative heritage and we believe our financial strength demonstrates that true community banking, focused on customer needs and supported by a dedicated staff, can withstand and thrive even in the most challenging times. It’s the modesty in size and the emphasis on traditional fiscal conservatism that set the bank apart.


Job Title:
Commercial Loan Operations Assistant
Salary Range:Location:
$24.00 - $28.85 Per Hour Pittsfield
Job Type:Category:
Full TimeBanking
Education Level:Work Experience:
High School or Equivalent
Required 		2+
Preferred
Description:

JOB SUMMARY

 

Reporting to the Vice President, Senior Credit Officer, the Commercial Loan Operations Assistant plays a key role in supporting the Commercial Lending Department through a broad range of administrative and loan processing tasks. Responsibilities include preparing original loan documentation for closings, performing accounting entries, and conducting post-closing reviews of executed loan documents. The role also involves monitoring system-generated exception reports, assisting with internal audit compliance, and maintaining frequent written and verbal communication with customers.

 

ESSENTIAL FUNCTIONS

  • Provides operational and administrative support to the Commercial Loan Department including, maintaining new and paid commercial loan files, updating loan information in banking systems and assembling required documentation for commercial loan processing.
  • Assemble and review closed loan files to ensure all required documentation is complete, properly signed and dated, includes accurate legal descriptions and vesting, and meets closing requirements.
  • Performs variety of clerical duties requiring knowledge of departmental procedures.
  • Order required third party reporting including: credit reports, environmental, and appraisal reports.
  • Answers telephone and written inquiries concerning loan processing and information.
  • Process advances and paydowns on lines of credit, perform loan payoffs, and facilitate collateral releases.
  • Process escrow payments for real estate taxes due for Commercial Customers
  • Track monthly investment account statements for loans secured by the investment accounts
  • Generate weekly and monthly reports to assist Commercial Lenders with collection of past due financial statements, missing loan documentation, and collection of delinquent loan payments
  • Perform other duties as needed or assigned.
Requirements:

SKILLS, KNOWLEDGE AND ABILITIES

  • Bachelor's degree or equivalent experience
  • One year of experience in commercial lending or legal office is preferred.
  • Solid understanding of financial institution products and services
  • Strong attention to detail
  • Proficiency with Microsoft Office software

PHYSICAL DEMANDS

  • Must be able to sit or stand for long periods of time.
  • Ability to lift to 10 lbs. on occasion.

SUPERVISORY SCOPE

  • None