Commercial Loan Support Specialist (Client Support Specialist)

Commercial Loan Support Specialist (Client Support Specialist)

Looking for an opportunity to play a key role supporting the growth of one of Minneapolis' fastest-growing corporate banking offices? Read on below for more detail regarding a crucially important commercial loan operations support opportunity with the chance to shape the function across the organization.

Code: 48158

Category: Banking & Financial Services

Commercial Loan Support Specialist (Client Support Specialist) The Commercial Loan Support Specialist is responsible for supporting commercial customers by providing direct administrative support to the lending staff and playing a critical role in the execution of the Bank credit and lending process. As a Loan Support Specialist you will interact, support, and build relationships with a variety of internal partners and external clients. This is the perfect opportunity to become acquainted with our commercial banking products and services. An ability to work in a fast-paced environment, adaptability to change, desire to learn new skills, an affinity for teamwork and a passion for providing excellent customer service are keys to success.

Worksite location: Minneapolis, MN (5 days in-office to start; parking paid for by Bank) Salary Range: $80,000 - $100,000 base salary (est.) plus annual bonus Benefits: Our client offers an exceptional benefit package including Health Insurance (Bank pays 100% of the premium, family and individual coverage), Dental Insurance (Bank pays 100% of the premium, family and individual coverage), Health Savings Account, Life Insurance for the employee and family, Paid Vacation and Sick Time, Retirement Plan Options

Roles & Responsibilities

• Prepare, review, and verify commercial loan documentation for accuracy and completeness.
• Coordinate loan closings with bankers, attorneys, clients, and internal loan operations team.
• Ensure proper execution of promissory notes, security agreements, guarantees, collateral documents, and other supporting documentation.
• Assist bankers in gathering financial statements, tax returns, borrowing base certificates, compliance certificates, and other supporting documentation.
• Review loan approval terms to ensure documentation aligns with credit authorization.
• Track loan covenants, ticklers, borrowing base certificates, and other financial reporting requirements.
• Ensure adherence to internal credit policies and regulatory requirements.
• Maintain proper documentation for audits and regulatory examinations.
• Monitor insurance, UCC filings, collateral perfection, and lien positions.
• Process loan modifications, renewals, extensions, and payoffs.
• Manage escrow accounts and payment applications, as well as pricing grid changes.
• Respond to internal and external inquiries regarding loan accounts.
• Order appraisals, environmental reports, field exams, credit reports, good standing certificates, and other reporting as needed.
• Ensure file reporting requirements are accurately imaged on the system.
• Maintain accurate loan files (electronic and physical).
• Generate portfolio and pipeline reports as required.
• Support quality control reviews and portfolio monitoring.

Required Skills & Experience:

• Associate or bachelor's degree in finance, Business Administration, Accounting, or related field (preferred).
• 5+ years of experience in commercial loan operations or banking support.
• Supported commercial loan closings typically ranging from $1MM to $20MM, ensuring accurate documentation, compliance, and timely processing.
• Knowledge of commercial loan documentation and credit processes.
• Familiarity with UCC filings, collateral documentation, and loan systems.
• Strong attention to detail and organizational skills.

About Versique

Versique: /ver-seek/ adj. being both versatile and unique; n. a high-performance recruiting firm specializing in executive leadership search, direct hire, and interim hiring solutions. Versique Executive, Professional, & Interim Recruiting is a locally owned and operated hiring and placement firm based in the Twin Cities of Minnesota. With specialized practice areas across our three divisions, Versique delivers tailored expertise to a wide range of industries. What sets us apart is our team of recruitersseasoned professionals who have worked in the very fields they now hire for, providing unmatched industry insight and connections. We believe people are more than resumesthey are transformative, unlocking the potential for organizational growth and success. Versique is proud to be award-winning, earning recognition on the Inc. 5000 list of fastest-growing private companies and the Minneapolis-St. Paul Business Journal's Fast 50 list for 2023. We are also consistently recognized as a Star Tribune Top Workplace and were named a Best Place to Work in 2022 by the Minneapolis/St. Paul Business Journal. Let's find your people, together. Versique is an equal-opportunity employer committed to creating a diverse workforce. We consider all qualified applicants regardless of race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability, or veteran status.