Commercial Loan Coordinator

If you join our team, here are some of the perks you can expect:

• A competitive total rewards package with 4 weeks paid time off for full-time employees, work anniversary paid time off, paid volunteer time off, and 12 paid holidays
• Comprehensive medical, dental, and vision plans with employer contributions to supercharge your Health Savings Account
• Up to a 4% match on 401(k) contributions
• UP to twelve weeks of fully paid parental leave
• An extensive Employee Assistance Program that provides personalized care options for your whole household
• Ample opportunity to learn, develop and grow with access to LinkedIn Learning, career and leadership development programs, job shadowing, a mentor program, and tuition reimbursement up to $5,250/year

Location:

Elevations Credit Union- Broomfield Basecamp

Hybrid: Employees who are able to perform the essential functions of their jobs away from an Elevations location may do so with the expectation that they are onsite at least fifty percent of the time over a two-week pay period.

Summary/Objective:

The Commercial Loan Coordinator is organized and driven with some commercial lending exposure and sincere interest in deepening their knowledge in the industry. The Commercial Loan Coordinator is a unique opportunity to learn more about commercial lending and have opportunity within the organization. The Commercial Loan Coordinator is responsible for supporting a Commercial Loan Officer in operational, administrative, and customer communication areas. The role is a key contact person to the Commercial Lender's borrowers, providing excellent member support. They work directly with a Commercial Loan Officer (CLO) and assist in the management of a CLO's loan portfolio, pipeline, and partnership with internal departments in order to create an exceptional experience for our members.

Essential Functions include:

• Provides critical loan origination support to the commercial lender by answering telephone calls, responding to emails, requesting documentation, scheduling, and responding to other inquiries in a timely fashion.
• Facilitates open communication and loan document coordination between Commercial Loan Officer, borrowers, internal departments (Credit Risk, Commercial Operations, Legal, Retail, etc.), outside vendors and others.
• Supports the Commercial Loan Officer from the initial application processing through closing and booking the loan, including renewals, extensions and modifications along with ongoing support for borrower needs.
• Compiles and reviews commercial loan requests by gathering financial information and completing credit applications as needed. Anticipates lender and operational needs and timelines to ensure successful loan closings.

Reports to:

Vice President Commercial Lending

Manages:

This role does not have supervisory responsibility.

Required Skills, Education and Experience:

• High School Diploma, or equivalent
• Three (3)+ years of relevant financial lending experience.
• Proficient knowledge of Microsoft Office, Word and Excel and other various PC applications.
• Ability to apply logical or critical thinking to define problems, collect data, establish facts, anticipate needs, and draw conclusions.
• Ability to work under pressure, meet deadlines, and multi-task.
• Ability to communicate effectively both verbally and in writing with others in a clear, thorough, and timely manner
• Competence with fair lending practices, regulations, and requirements.
• Demonstrate a high level of organization, ability to prioritize and multi-task with attention to detail and accuracy, manage multiple projects, demonstrate self-motivation and ability to follow through with tasks.

Preferred Skills, Education, and Experience

• Commercial lending experience
• Strong working knowledge with common commercial loan structures and commercial loan documents
• Previous experience supporting construction lending
• Bachelor's degree in related discipline
• Experience and knowledge of Abrigo and Symitar-Episys bank operating systems
• Additional compliance training is desirable

Work Environment:

Elevations uses multi-factor authentication to keep our data safe. As such, a personal smartphone is a requirement for employment with us. This job operates in an office setting and routinely uses standard office equipment.

Physical Requirements:

Sitting frequently, walking occasionally, use of hands frequently, hearing constantly, talking frequently, exerting up to 10 lbs of force occasionally to lift, carry, push, pull, or move objects

Position Type/Expected Hours of Work:

• Full-time / 40 hours per week

Compensation Information:

The person hired into this position will likely earn between $49,158.88 and $61,448.60 annual salary, plus annual bonus.

Actual compensation offered may vary from the posted hiring range based on factors such as relevant experience, time in role, base salary of internal peers, prior performance, business sector, licensure requirements and/or skill level, and will be finalized at the time of offer.

Anticipated Application Window:

This role is anticipated to close within 25 days from the date of posting. However, if the position has not been filled, Elevations may keep the application period open longer.

Other Duties:

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.