COMMERCIAL BANKING SPECIALIST SKILLS, EXPERIENCE, AND JOB REQUIREMENTS
Published: July 29, 2024 - The Commercial Banking Specialist brings expertise in commercial and mortgage lending, proficient in handling closing documents, due diligence, and understanding of collateral perfection practices. This role requires effective coordination with borrowers, legal professionals, and third-party agencies to ensure seamless execution of mortgages and loan preparations. With robust knowledge of appraisal processes, environmental assessments, and regulatory compliance, the specialist excels in a team-oriented environment, demonstrating strong organizational, communication, and customer service skills.
Essential Hard and Soft Skills for a Standout Commercial Banking Specialist Resume
- Financial Analysis
- Risk Assessment
- Credit Analysis
- Regulatory Compliance
- Loan Structuring
- Cash Flow Analysis
- Financial Modeling
- Product Knowledge
- Data Interpretation
- Financial Software Proficiency
- Communication Skills
- Negotiation Skills
- Problem Solving
- Client Relationship Management
- Attention to Detail
- Time Management
- Adaptability
- Team Collaboration
- Decision Making
- Stress Management
Summary of Commercial Banking Specialist Knowledge and Qualifications on Resume
1. BA in Finance with 4 years of Experience
- Experience in a financial institution
- High level of accountability and responsibility for achieving both personal and bank-established goals
- Ability to effectively prioritize and manage time
- Knowledge and servicing of products and services.
- Experience in developing a full understanding of cross-sell opportunities across the bank
- Ability to present oneself in a professional manner
- Excellent oral and written communication, interpersonal and client service skills
- Ability to work within a team culture in a constantly changing business environment
- Basic knowledge computer knowledge including in Microsoft Office Suite and any banking software used in the department
- Provide customer-focused service
- Basic understanding of commercial banking
- Overall knowledge of bank operations
2. BA in Business Administration with 3 years of Experience
- Understanding of loan documents, procedures, policies and regulations applying to either consumer or commercial loans
- Familiarity with loan servicing systems such as ACBS and ALS
- Impeccable customer service and customer-centric focus
- Problem-solving skills and attention to detail
- Ability to identify the root cause of a servicing issue
- Excellent verbal and written communication skills
- Strong keyboarding/data entry ability
- Proficient computer skills, especially Microsoft Office applications
- Building knowledge, skills and experience in all functions required as a Support Specialist
- Developing knowledge of how to process loans
3. BA in Economics with 5 years of Experience
- Experience with commercial lending or mortgage lending closing and documentation
- Familiarity with commercial or residential mortgage due diligence processing.
- Understanding of collateral perfection including mortgages, titled vehicles or equipment, and UCC liens.
- Experience interacting with borrowers, title attorneys, and other third parties involved in closing, prep, and execution of mortgages.
- Understanding of commercial and residential appraisals and environmental assessments including FIRREA, USPAP, CERCLA, and the All Appropriate Inquiries Rule.
- Familiarity with NCUA rules and regulations as concerns commercial lending.
- Be well-versed in Commercial Lending Policies and Procedures
- Experience working in the financial services industry
- Strong organizational skills
- Working knowledge of Microsoft Office (Excel, Word, Publisher)
- Strong customer service skills, ability to work in a team environment, conscientiousness related to work, openness to learning, and strong verbal & written communication skills.
- Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.