Commercial Loan Operations Specialist

Oklahomas Credit Union

  • Oklahoma City, OK
  • 27 days ago

    Highlights

    Support account onboarding - assist members with establishing new business accounts, including savings, certificates, checking, debit cards, checks, statements, online banking, bill pay, merchant services, and payroll services. Manage commercial entity documentation - maintain working knowledge of required documentation for LLCs, corporations, partnerships, and DBAs; ensure proper collection, verification, and organization of all entity records.

    Numbers & Facts

    LocationOklahoma City, OK

    Description

    ESSENTIAL FUNCTIONS:

    Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

    Deliver exceptional member service - provide responsive, accurate, and professional support to members and internal partners while contributing to a collaborative team environment.

    Support credit analysis - assist in the preparation of financial spreads, credit presentations, and ensure documentation is complete and accurate for underwriting and review.

    Manage commercial entity documentation - maintain working knowledge of required documentation for LLCs, corporations, partnerships, and DBAs; ensure proper collection, verification, and organization of all entity records.

    Coordinate with external partners - work effectively with title companies, the Secretary of State, appraisal firms, and other third parties to support loan processing and closing.

    Review and process commercial loan applications - evaluate application checklists, collect additional documentation, and assist in the processing of loans according to established procedures, including business auto loans.

    Support account onboarding - assist members with establishing new business accounts, including savings, certificates, checking, debit cards, checks, statements, online banking, bill pay, merchant services, and payroll services.

    Complete annual reviews and renewals - manage scheduled annual reviews and guidance line renewals, ensuring timely completion and accurate documentation.

    Maintain departmental records - organize and update assigned reports, files, and tracking systems to support efficient department operations.

    Monitor construction loan activity - track inspections, update draw sheets, coordinate draw requests, and verify liens weekly to ensure proper collateral management.

    Manage covenant and insurance tracking - monitor covenant compliance, obtain updated insurance documentation, and maintain accurate records for all commercial loans.

    Process payoff requests - prepare payoff statements, process payoffs, and release mortgages in accordance with regulatory and internal requirements.

    Support Business Loan Committee - serve as backup coordinator by preparing agendas, maintaining minutes, and ensuring materials are organized and complete.

    Respond to inquiries - provide timely and accurate responses to loan and account questions from members and internal staff.

    Participate in additional projects - assist with department initiatives, process improvements, and special assignments as needed.

    Protect member confidentiality - safeguard all member information and transactions in accordance with OKCU standards and regulatory requirements.

    Ensure full compliance - adhere to all credit union policies, procedures, and lending guidelines to maintain operational integrity and mitigate risk.

    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.

    COMPETENCIES:

    • Communication proficiency
    • Ethical conduct
    • Financial management
    • Problem solving/analysis
    • Technical capacity

    EDUCATION AND EXPERIENCE:

    • Bachelor's degree in a related field; or
    • Three years of experience in business lending/banking management or in a similar position.

    WORK ENVIRONMENT:

    This position operates in a bank branch office. It is a professional environment. This role routinely uses standard office equipment such as computers, phones, photocopiers and filing cabinets. The noise level is typically moderate.

    Similar Jobs