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Commercial Credit Coordinator

Company: Newburyport Five Cents Savings Bank
Location: Newburyport
Posted on: November 24, 2022

Job Description:

Description: Newburyport Bank is a premier community bank in the Greater Seacoast looking to expand our team. If you are seeking an organization who treats customers, employees, and community members with respect, fairness, and an unwavering commitment to professional growth and development, apply now.We are currently seeking a talented individual to fill the role of Commercial Credit Coordinator. The Coordinator role is responsible for the coordination and tracking of financial statements including corporate income tax returns, income statements, balance sheets, projections, appraisals, environmental, and other required business financial reports. The Credit Coordinator supports the Credit Administration Officer, Commercial Credit Manager, Credit Analysts, and Portfolio Managers to ensure that the required financial documentation is received accurately, complete and in a timely manner. Appraisal and Environmental (under direction of Credit Administration Officer)

  • Manages the administration of the appraisal process through our third-party vendor, Mountainside.
  • Reviews the bid requests from lenders to ensure they are submitted correctly and approves the release of the bid requests accordingly.
  • Reviews bids once received and sends winning bids to lending officers and CLAs for approval to order appraisal.
  • Downloads all appraisal documents upon receipt of appraisal, notifies and sends to appropriate parties and saves within Document Library.
  • Assists lenders with appraisal related disputes and issues through communication with Mountainside.
  • Assists the Credit Administration Officer with managing the pipeline of Environmental reports through communication, engagement, review and scanning documentation. Financial Tracking
    • Manages the financial request, tracking, and scanning process for the Commercial Lending department.
    • Maintain Sageworks letter templates for generation functionality.
    • Assists Lenders and Portfolio Managers with the financial statement tracking.
    • Notifies Lenders and Portfolio Managers when communication needs to be sent requesting financial information.
    • Upon receipt of financial information, updates financial tracking, spreads financial statements into appropriate system and/or templates, and scans documents into Document Library. Requirements:
      • Associates degree in business or 3-5 years professional experience preferably in the Banking industry.
      • Previous exposure to financial analysis or banking/financial services industry highly encouraged.
      • Detail orientation and ability to work successfully with deadlines and time constraints.
      • Ability to learn basics of the Bank's products and services, including Loan and Commercial deposit products.
      • Strong decision-making skills and verbal/written communication skills required.
      • Ability to multi-task and efficiently prioritize varying complexities of tasks.
      • Proficiency with Microsoft Office, Outlook and ability to manage a process to completion.
      • Professional demeanor and professional maturity required for working closely with clients, employees, and vendors .Member FDIC Member DIF EOE/Disabilities Veterans Equal Housing Lender Bank NMLSPM21

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Keywords: Newburyport Five Cents Savings Bank, Lowell , Commercial Credit Coordinator, Other , Newburyport, Massachusetts

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