Commerce Bank
Commercial Loan Servicing Specialist
Commerce Bank, Kansas City, Missouri, United States, 64101
Building a career at Commerce Bank is more than just steps on a ladder. It’s about helping people find financial safety and success, helping businesses thrive, and making sure people and their money are taken care of.
Our culture is about our people, the ones in our communities and the ones that work with us. Here, you’ll find opportunities to grow and learn, to connect with others, and build relationships with the people around you.
Commercial Loan Servicing (CLS) provides back-office operations support for commercial, business banking, and various specialty lending products. We work directly with the Sales and Credit teams to remove roadblocks and complete operational tasks that allow Commerce to meet the customer’s commercial lending needs.
Successful candidates will be assigned to a specific team and tasks within CLS based on business needs and the candidate’s skill set.
Essential Functions
Complete a preliminary review of loan submissions to ensure regulatory and legal compliance Prepare loan documents in accordance with Commerce Bank’s credit policy Interpret complex loan documents to set loans up on the loan accounting system Post loan transactions and providing account problem resolution Process complex loan accounting transactions such as syndications and participations Provide ongoing monitoring and reporting of collateral securing commercial loans Complete a post-closing review to ensure all documents comply with regulatory requirements and Commerce Bank policy Collaborate with internal and external business partners to improve service levels Create or update procedural manuals and job aids as needed Provide research and resolution to customer concerns/issues Performing other duties as assigned Knowledge, Skills & Abilities Required
Ability to analyze, interpret, and understand commercial loan and/or legal documentation with a high degree of accuracy Basic knowledge of commercial loan servicing databases and systems, including but not limited to Shaw, ELAR, Credit Stream, LaserPro, CAC, and Appian Basic knowledge of federal banking regulations, especially those related to commercial lending Motivated and organized self-starter with strong attention to detail and the ability to manage multiple priorities Inquisitive, agile, and strong team player with excellent written, verbal, and interpersonal communication skills Ability to remain adaptable and resilient to all situations with an optimistic outlook and cast a positive shadow that is aligned with our culture and Core Values Intermediate level proficiency with Microsoft Word, Excel, Teams, and Outlook Education & Experience
Associate degree or equivalent combination of education and experience required. Bachelor’s degree preferred. 1+ years financial services experience required Commercial lending experience preferred Compensation Range: Hourly: $20.90 - $24.00 Employer sponsored health, dental, and vision insurance, 401(k), life insurance, paid vacation, and paid personal time are offered as benefits. Commerce Bank is an equal opportunity employer and welcomes applications from diverse candidates.
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Complete a preliminary review of loan submissions to ensure regulatory and legal compliance Prepare loan documents in accordance with Commerce Bank’s credit policy Interpret complex loan documents to set loans up on the loan accounting system Post loan transactions and providing account problem resolution Process complex loan accounting transactions such as syndications and participations Provide ongoing monitoring and reporting of collateral securing commercial loans Complete a post-closing review to ensure all documents comply with regulatory requirements and Commerce Bank policy Collaborate with internal and external business partners to improve service levels Create or update procedural manuals and job aids as needed Provide research and resolution to customer concerns/issues Performing other duties as assigned Knowledge, Skills & Abilities Required
Ability to analyze, interpret, and understand commercial loan and/or legal documentation with a high degree of accuracy Basic knowledge of commercial loan servicing databases and systems, including but not limited to Shaw, ELAR, Credit Stream, LaserPro, CAC, and Appian Basic knowledge of federal banking regulations, especially those related to commercial lending Motivated and organized self-starter with strong attention to detail and the ability to manage multiple priorities Inquisitive, agile, and strong team player with excellent written, verbal, and interpersonal communication skills Ability to remain adaptable and resilient to all situations with an optimistic outlook and cast a positive shadow that is aligned with our culture and Core Values Intermediate level proficiency with Microsoft Word, Excel, Teams, and Outlook Education & Experience
Associate degree or equivalent combination of education and experience required. Bachelor’s degree preferred. 1+ years financial services experience required Commercial lending experience preferred Compensation Range: Hourly: $20.90 - $24.00 Employer sponsored health, dental, and vision insurance, 401(k), life insurance, paid vacation, and paid personal time are offered as benefits. Commerce Bank is an equal opportunity employer and welcomes applications from diverse candidates.
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