TrentonRecruiter Since 2001
the smart solution for Trenton jobs

Commercial Lending Portfolio Specialist

Company: Financial Resources FCU
Location: Bridgewater
Posted on: January 16, 2022

Job Description:

Financial Resources Federal Credit Union (FRFCU) is looking for an MBL Portfolio Specialist to join our Member Business Lending (Commercial Lending) team in putting members first and making a difference in peoples' lives.
Financial Resources is a not-for-profit federal credit union with locations in Somerset, Hunterdon, Middlesex and Hudson Counties. With a history of serving our members for more than 100 years, we have grown to more than $550 million in assets serving more than 20,000 members with 6 public access branches and a team of 100 employees. We are available Nationwide!
The MBL 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 member meetings and work with the department manager to resolve member 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; including renewals and any necessary memos; required to conduct overall analysis of the credit condition of the borrower.
    • Maintain and administer assigned MBL 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.
      • 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:
          • A competitive salary
          • Generous paid time off as well as all holidays off
          • Health, dental and vision plans for employees and their families
          • Health Savings and Flex Spending Accounts
          • 401K with employer match and potential for additional profit-sharing contributions
          • Paid volunteer days
          • Opportunities for career advancement and continuous learning and development and tuition reimbursement----We ask that you have:------------------Bachelor's Degree in a relevant area of study or, equivalent work experience------------------Three years' experience in a financial institution; including three 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.------------------Demonstrated ability to provide information in concise verbal and written formats.------------------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 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.

Keywords: Financial Resources FCU, Trenton , Commercial Lending Portfolio Specialist, Other , Bridgewater, New Jersey

Click here to apply!

Didn't find what you're looking for? Search again!

I'm looking for
in category

Log In or Create An Account

Get the latest New Jersey jobs by following @recnetNJ on Twitter!

Trenton RSS job feeds