COMMERCIAL LOAN SPECIALIST SKILLS, EXPERIENCE, AND JOB REQUIREMENTS
Published: July 30, 2024 - The Commercial Loan Specialist has experience in documenting and closing Commercial Real Estate and Commercial and Industrial transactions, with thorough knowledge of regulatory, documentary, and statutory requirements. This role requires strong verbal and written communication skills, along with proficiency in Microsoft Word, Excel, Outlook, Laser Pro, Fiserv/ITI, Baker Hill, and DocuWare. The specialist is also capable of meeting deadlines under pressure, effectively escalating issues, and paying attention to details while maintaining a typing speed of at least 40 WPM.
Essential Hard and Soft Skills for a Standout Commercial Loan Specialist Resume
- Financial Analysis
- Credit Risk Assessment
- Loan Underwriting
- Regulatory Compliance
- Loan Structuring
- Financial Modeling
- Market Analysis
- Portfolio Management
- Documentation and Reporting
- Financial Software Proficiency
- Communication
- Attention to Detail
- Problem-Solving
- Analytical Thinking
- Time Management
- Customer Service
- Negotiation
- Team Collaboration
- Adaptability
- Decision-Making
Summary of Commercial Loan Specialist Knowledge and Qualifications on Resume
1. BA in Finance with 1 year of Experience
- Demonstrate ability to independently produce accurate work in a deadline-driven environment.
- Possess strong analytical skills with the ability to identify document errors or variances and make corrections.
- Ability to deliver professional, responsive customer service.
- Knowledge of accounting principles and commercial loan support experience
- Working knowledge of Microsoft Outlook, Microsoft Excel, and Microsoft Word Processing software.
- Knowledge of state and regulatory requirements for commercial loans.
- Knowledge of Leasing and InfoLease Portfolio Management System
- Prior experience in a mid to large operations department
- Highly motivated and team-oriented
- Experience using Laser Pro Commercial Loan Documentation software.
2. BA in Business Administration with 2 years of Experience
- Ability to work in a fast-paced, dynamic environment
- Detail-oriented, self-motivated and able to work independently in handling a heavy workload
- Possesses organizational, analytical and decision-making skills
- Effective interpersonal, verbal and written communication skills
- Strong knowledge of loan documentation title policies, appraisals, environmental assessment, entity formation documents and bank policies and procedures
- Paralegal experience/knowledge
- Be able to multitask and work in a fast-paced environment
- Proficient in using Microsoft Office applications
- Proficiency with sales management software applications
- Knowledge of financial products and services.
3. BA in Economics with 5 years of Experience
- Experience reviewing reports and documents such as title reports, title endorsements, insurance certificates, and insurance endorsement, and FEMA flood certificates.
- Be able to work with a sense of urgency
- Manages a loan pipeline from origination through to settlement and funding by Bank policies and procedures.
- Provides documentation and Bank policy and procedure guidance to all lending areas.
- Handles loans that are more complex ensuring all documentation complies.
- Resolves complex issues relating to closings.
- Verifies all quality control procedures are maintained and monitored.
- Serves as a resource for Loan Specialist I.
- Ensures all loans are closed without material, administrative, or compliance exceptions.
- Ensures that all required loan conditions (insurance, collateral, etc.) are sufficiently properly documented and in compliance with bank policy.
- Be eligible for employment under regulatory standards applicable to the position.
4. BA in Accounting with 4 years of Experience
- Experience in a commercial loan processing environment
- Experience in managing customer relationships in a financial institution
- Prior experience in selling and servicing business member relationships
- Demonstrated ability to abide by the industry’s state and federal regulations, as well as the credit union’s current credit lending policy.
- Strong written and verbal communication skills
- Familiar with financial statements and tax returns
- Be detail-oriented and can work independently as well as with a team
- Be able to identify cross-sell opportunities
- Self-starter and Works with minimal direction.
- Strong verbal and written communication skills.
- Strong negotiation, interpersonal skills and team orientation.
5. BA in Banking with 3 years of Experience
- Experience with a focus on due diligence, loan documentation, or related work experience. Commercial loan experience
- Strong time management and organizational skills evidenced in Previous assignments.
- Demonstrates an understanding of applicable bank policies and procedures as they pertain to the satisfaction of loan closing conditions as well as vendor documents and services.
- Strong knowledge of most common vendor documents title work, appraisals, flood determinations, lien searches.
- Strong knowledge of loan documents and requirements.
- Song knowledge of commercial lending and loans.
- Thorough understanding of all business banking and commercial loan products.
- Thorough knowledge of business banking and commercial lending credit policy/Guidelines.
- Thorough knowledge of loan documentation, collateral evaluation, Lien Perfection, and local, state and Federal Regulatory requirements.
- Thorough knowledge of B2B, CCAS, AFS, RIMS, CHQ, loan Doc Prep system (or equivalent vendor systems), and other banking systems
6. BA in Financial Management with 5 years of Experience
- Experience in documenting and closing of Commercial Real Estate and Commercial and Industrial transactions.
- Intermediate skills in Microsoft Word, Excel, and Outlook.
- Intermediate skills in Laser Pro, Fiserv/ITI, Baker Hill, and DocuWare
- Keyboarding skills are required for this position. (At least 40 WPM).
- Strong verbal and written communication skills and the ability to comprehend and analyze legal loan documentation.
- Thorough knowledge of regulatory, documentary, and statutory requirements in Commercial Real Estate and Commercial and Industrial Lending and Loan Administration.
- The ability to meet deadlines under pressure.
- Ability to appropriately escalate issues requiring problem-solving and decision-making
- Pay attention to the details.
- Strong personal computer skills with demonstrated knowledge of Microsoft Excel, Word, and email.