Commercial Loan Specialist Resume Sample
Octavia Murray
15689 Wintheiser Isle,
Dallas,
TX
+1 (555) 419 0913
Work Experience
Commercial Loan Specialist
06/2015
-
PRESENT
Philadelphia, PA
- Set up, process, and monitor documents and files for commercial loan package completion
- Review and monitor loan documents for accuracy, completeness, and adherence to approval conditions
- Maintain files with sufficient documentation for third-party review and prepare files for timely audits
- Set up and monitor loan and financial ticklers to ensure accuracy and timeliness
- Responsible for ensuring all closing conditions are met and loans are closed within time frames
- Assist Commercial Relationship Manager and underwriter in obtaining, scanning and archiving information required for underwriting a loan request
- Independently prepare data input sheets and provide required information for loans to be boarded on the bank’s servicing system
- Ensure all loan coding is correct
Commercial Loan Specialist Lead-spectrum Recovery
11/2011
-
04/2015
New York, NY
- Demonstrate compliance with all bank regulations that apply to your position, and keep up to date on regulation changes
- Maintain working knowledge of our policies and procedures regarding the Bank Secrecy Act, Regulation CC, Regulation E, Bank Security and other regulations that apply to your position
- Serves as primary support for payments, draws, advances as part of the servicing function. Assists in the ongoing tracking and monitoring of covenants, insurance, et. al. to management. Assists in the preparation of reconveyences, collateral releases, and archiving
- Reviews and resolve a variety of customer problems/issues regarding bank products and services
- Timely and accurate preparation of financial statement spreads to support various commercial lending functions
- Prepare thorough and precise minute reports for Citizens Restructuring Management Strategy and Credit Reviews, Divisional Problem Exposure Reviews, and Leveraged Lending Portfolio Reviews
- Have extensive working knowledge of Risk Analyst
- Understand existing department procedures/processes but also look for ways to improve efficiencies in these areas. Ensure compliance with department policies and SLA’s
Education
Strayer University - Woodbridge Campus
2006 - 2011
School's Degree in Business
Professional Skills
- Excellent customer service skills
- Excellent communication and customer service skills
- Possess strong analytical and verbal/written communication skills
- Excellent research, audit and communications skills, both written and verbal
- Good analytical and problem solving skills
- Solid organizational and customer service skills
- Demonstrated experience building web based applications
How to write Commercial Loan Specialist Resume
Commercial Loan Specialist role is responsible for customer, analytical, retail, finance, credit, training, reporting, design, research, insurance.
To write great resume for commercial loan specialist job, your resume must include:
- Your contact information
- Work experience
- Education
- Skill listing
Contact Information For Commercial Loan Specialist Resume
The section contact information is important in your commercial loan specialist resume. The recruiter has to be able to contact you ASAP if they like to offer you the job. This is why you need to provide your:
- First and last name
- Telephone number
Work Experience in Your Commercial Loan Specialist Resume
The section work experience is an essential part of your commercial loan specialist resume. It’s the one thing the recruiter really cares about and pays the most attention to.
This section, however, is not just a list of your previous commercial loan specialist responsibilities. It's meant to present you as a wholesome candidate by showcasing your relevant accomplishments and should be tailored specifically to the particular commercial loan specialist position you're applying to.
The work experience section should be the detailed summary of your latest 3 or 4 positions.
Representative Commercial Loan Specialist resume experience can include:
- Excellent customer service skills
- Software engineering experience with consumer facing/external facing products
- Experience with Loan Accounting system
- Produce clear, complete, concise, and well-organized documented analysis of exception reports, suspect invoices, and key field validation
- Financial industry experience required
- Financial industry experience required
Education on a Commercial Loan Specialist Resume
Make sure to make education a priority on your commercial loan specialist resume. If you’ve been working for a few years and have a few solid positions to show, put your education after your commercial loan specialist experience. For example, if you have a Ph.D in Neuroscience and a Master's in the same sphere, just list your Ph.D. Besides the doctorate, Master’s degrees go next, followed by Bachelor’s and finally, Associate’s degree.
Additional details to include:
- School you graduated from
- Major/ minor
- Year of graduation
- Location of school
These are the four additional pieces of information you should mention when listing your education on your resume.
Professional Skills in Commercial Loan Specialist Resume
When listing skills on your commercial loan specialist resume, remember always to be honest about your level of ability. Include the Skills section after experience.
Present the most important skills in your resume, there's a list of typical commercial loan specialist skills:
- Possess strong analytical skills with the ability to identify document errors or variances and make corrections
- Basic internet search skills
- The ability to communicate effectively both through written and oral communication to internal and external colleagues and customers
- Previous experience in booking commercial loans and participation loan processing
- Job title, level and starting salary are contingent on experience and qualifications.
- 3 - 6 month experience using MS Excel
List of Typical Experience For a Commercial Loan Specialist Resume
1
Experience For Commercial Loan Specialist Lead-spectrum Recovery Resume
- Understanding of Federal and State Laws regarding the lending practices
- Loan documentation creation/review, loan closing and post-closing administrative processes
- Knowledge of Loan Documentation, Closing Processes and Procedures, insurance and flood requirements
- Application of various complex methods, procedures, and knowledge of the business unit’s product(s) and system application(s)
- Collect, review and analyze data and/or documentation
2
Experience For Middle Office Commercial Loan Specialist Resume
- Ensure compliance with department SLAs, policies, procedures, and/or regulatory and risk requirements
- Design, document, build, and deliver high quality enterprise grade apps
- Develop a firm understanding of the bank’s statement spreading rules and general spreading methodology and be able to communicate these clearly to newer members of the team or to colleagues in other groups within the bank
- Develop extensive knowledge of the spreading system (Moody’s Risk Analyst)
- Preparation of thorough and precise minute reports for various internal meetings
- Participate as a reviewer for the monthly peer-to-peer spread review process
3
Experience For Commercial Loan Specialist Resume
- Conduct job shadows for internal bank employees from other departments as needed
- Basic knowledge of Microsoft Office, Word, Excel, PowerPoint and Adobe Acrobat/Reader
- Answer questions and follow up with Clients
- Train and lead lower level staff
- Analyze and conclude upon the adequacy and accuracy of commercial loans booked to system of record (AFS)
- Review and analyze Legal documents, internal Commercial Loan Documents and translate those documents to the system of record
4
Experience For Commercial Loan Specialist Lead-spectrum Recovery Resume
- Identify, analyze, and conclude upon the adequacy, effectiveness, and efficiency of existing internal controls that protect the bank’s financials and collateral as well as the customer
- Meet with business lines to enhance partnerships and knowledge share of trends, metrics, and findings on a regular basis
- Learn the entire flood tracking process up to and including force placing coverage for a customer, in accordance with the current FEMA Guidelines published by the Federal Government
- Operate Microsoft Outlook, Excel and general spreadsheet capabilities
- Administrative support or clerical experience
- Commercial loan support experience required
- Demonstrate ability to independently produce accurate work in a deadline driven environment
5
Experience For Middle Office Commercial Loan Specialist Resume
- Work with outside vendors to obtain information required by the Bank to update our records and protect the collateral
- Creates and/or maintains databases and management reports,
- Collect, review and analyze data and/or documentation to ensure compliance with department SLAs, policies, procedures, and/or regulatory and risk requirements. Maintain/create accurate and timely reports and/or documentation with minimal supervision
- Provide administrative and/or operational support within one or more of the following loan areas; processing, closing, presentations, servicing, documentation, notes, disbursements, etc
- Research and resolve lending inquires and issues
6
Experience For Commercial Loan Specialist Resume
- Draft loan presentations, clear all identified loan exceptions
- Prepare and/or track disbursements, loan documents, reports, obtain credit and/or financial information
- Update computer system with pertinent collateral information and collateral exception information; track and clear said exceptions
- Calculate pre-payments penalties and coordinate settle escrow funds when a loan is paid off
- Articulate deficiencies in documentation and collateral through clear, well written documentation exceptions and collaborate with closing and portfolio management business partners to support their timely remediatio
- Complete the intake of original attorney closing packages from bank counsel and communicate with them as to the completeness of documents received
7
Experience For Commercial Loan Specialist Lead-spectrum Recovery Resume
- Identify, analyze, and conclude upon the adequacy, effectiveness, and efficiency of existing internal controls that protect the bank’s collateral and customers
- Independently prepare data input sheets and provide required information for loans to be boarded on the banks servicing system and ensure all loan coding is correct
- Review corporate organizational documents to determine appropriate signing authorities and responsible for confirming such entities are in good standing with applicable governmental agencies
- Experience in commercial lending documentation preparation and processing experience. Consumer/Real Estate Loan Servicing, required
List of Typical Skills For a Commercial Loan Specialist Resume
1
Skills For Commercial Loan Specialist Lead-spectrum Recovery Resume
- Commercial or Real Estate Loan Coordinating experience
- Commercial Closing experience required
- 2+ years of commercial construction experience
- Demonstrated ability to understand and interpret commercial loan documentation
- Previous commercial loan administration experience
- Previous commercial loan administration and loan documentation experience
2
Skills For Middle Office Commercial Loan Specialist Resume
- 3 - 6 month experience with MS Excel
- Commercial real estate, construction experience
- Strong knowledge of department applications and systems
- Conclude upon the adherence to Federal Reserve BIC documentation and collateral requirements as evidenced by the accurate completion of BIC Checklist
- Demonstrate an ability to adhere to department quality and SLA standards
- Understand and operate the AFS system
- Working knowledge of various software programs, including word processing; spreadsheets, etc
- Interpreting data and identifying trends
3
Skills For Commercial Loan Specialist Resume
- Working knowledge of banking processes and procedures
- Understanding of commercial lending products and commercial operations
- Reviewing and analyzing complex loan documentation and collateral for legal completeness and accuracy to the system of record
- Broad application of lending principles, theories and concepts including due diligence and closing of C&I and CRE Investor loans
- Deep understanding of the bank's spreading methodology and spreading rules
- Have working knowledge of monthly production reporting and SLA reporting processes
- Generous employee benefits, including tuition assistance and immediate vesting of 401K match
4
Skills For Commercial Loan Specialist Lead-spectrum Recovery Resume
- Extensive knowledge of Risk Analyst spreading program (including how various ratios and/or EDF scores are calculated)
- Knowledge of real estate and commercial lending laws and regulations pertaining to business loans
- Working in banking/finance industry
- Advanced working knowledge computer program i.e word processing, spreadsheets or related software
- Identify and document internal control weaknesses, identifying root causes of weaknesses and providing solutions
- Intermediate understanding of MS Excel
- Assists with lending activities for C&I and CRE Investor loans
- Knowledge of Excel and Powerpoint for monthly production reporting
5
Skills For Middle Office Commercial Loan Specialist Resume
- With Commercial loan processing
- Provide peer-to-peer training/feedback for new hires when appropriate
- Promote design pattern and code re-use techniques for building apps
- Define, share and enforce software best practices in an Agile working environment
- Exhibit a positive attitude and a willingness to develop and maintain working relationships with their peers as well as their business line partners
- Develop a firm understanding of all department procedures/processes
- Prompt dissemination of company and industry requests from various sources to support lending decisions
- Serve as a back up administrator for the spreading program
6
Skills For Commercial Loan Specialist Resume
- Working with financial statements
- Develop working knowledge of in-house systems
- Subject matter expert knowledge of lending processes, loan principles, documentation and loan systems
- Review and analyze Financial Statements, Property appraisals, and other valuations in order to use existing tools for critical calculations
- Familiarity with accounting/finance principles
- Willingness to work in a team environment
7
Skills For Commercial Loan Specialist Lead-spectrum Recovery Resume
- Work with the closing team to ensure the deal is serviceable by engaging in the pre-closing activities; review the loan agreement on all Agented deals as early as the draft of the legal documents
- Review, reconcile, and validate loan details and accurately create and update accounts as appropriate
- Professionally communicate with loan team along with agented and member banks to ensure advances and payments are received and sent timely
- Coordinates closings to include document signing, works with escrow and/or title companies, assists back office with pending boarding requirements, responsible for post-boarding reviews of loan facilities
- Serve as subject matter experts with vendor relationships and serve as business unit liaison with other departments
- Serve as point person for more junior team members
- Numeric and Verbal aptitudes
- With advanced MS Excel, Access, Word, PPT
- With MS Excel, Word and Powerpoint
8
Skills For Middle Office Commercial Loan Specialist Resume
- Basic knowledge of lending processes and procedures, loan documentation, exceptions, collateral review, payment and loan systems. Knowledge of banking processes helpful
- Working knowledge of computers and various word processing, spreadsheet or related software
- Proficient knowledge of lending processes, loan principles, documentation and loan systems. Knowledge of banking processes and procedures
- Proficient working knowledge computer program i.e word processing, spreadsheets or related software
- Work with lending staff in resolving discrepancies in collateral documentation
9
Skills For Commercial Loan Specialist Resume
- Be responsible for verifying completeness of files with all necessary documents and signatures required
- Be responsible for conducting a complete and accurate payoff transaction
- With MS Excel
- MS Excel
- Knowledge of Lexis/Nexis, Dun & Bradstreet, Standard & Poors, Valueline, and KMV Credit Edge products/reports
- Provide administrative and/or operational support within the one or more of the following loan areas; processing, closing, servicing, documentation, notes, disbursements, etc
10
Skills For Commercial Loan Specialist Lead-spectrum Recovery Resume
- Maintain files, documents, notes, etc
- Perform review of loan and collateral documents and loan packages to insure bank's security interest and adherence to established policies and procedures
- Update computer system with pertinent collateral information and collateral exception information; tracks and clears said exceptions
- Research and process rejected payments and handle payments received when collateral is released
- Conduct a complete and accurate payoff transaction
- Clear all identified loan exceptions
- Verify completeness of files with all necessary documents and signatures required
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