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Commercial Loan Specialist

More than 130 years ago, we started with core values that never go out of style: listen, learn and help businesses and individuals reach their goals. Our financial strength and stability are key reasons Forbes names us one of the Best 100 Banks in America the past eight consecutive years and Newsweek names Banner one of the Most Trustworthy Companies the past four years.


With more than $15 billion in assets and over 150 locations throughout Washington, Oregon, Idaho, and California, we understand our role in the economy and take that responsibility seriously. In addition to offering a source of capital to personal banking clients and businesses of all sizes, we place a high importance on employee volunteerism and donate millions of dollars each year to community organizations.


As a Commercial Loan Specialist, you will provide support to commercial lending staff in commercial branches or banking centers. Process loan closings, attain loan perfection, and service loan customers.

 



In this role you'll have the opportunity to:
  • Prepare all loan request documents. Gather customer income and net worth information. Answer customer questions.
  • Responsible for ordering external agency reports such as titles, insurance, etc.
  • Prepare commitment letters. Arrange for payoff of property liens.
  • Coordinate loan closings and prepare disbursement checks.
  • Responsible for verifying loan system accuracy for boarded loans.
  • Responsible for ensuring each loan file meets bank and regulatory requirements.
  • Responsible for making advances and payments on commercial lines. Balance commercial loan suspense accounts monthly.
  • Responsible for complying with policies, procedures, security requirements, and government regulations.


Education & Certifications
  • H.S. Diploma: required (an equivalent combination of education and experience may be considered) 


Experience
  • 0 to 2 years of commercial loan support experience required 



Knowledge, Skills and Abilities
  • 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. 
  • Proficient in Word, Excel, and commercial loan systems. 
  • Knowledge of state and regulatory requirements pertaining to commercial loans. 





Travel
  • 0%


Compensation & Benefits
  • Targeted starting compensation range is based on location and experience: $21.56 - $25.36
  • Incentive and commission compensation may be awarded for eligible roles
  • Comprehensive employee benefits, including medical, dental, vision, LTD, STD and life
  • Paid vacation time, sick time, personal days, paid volunteer time and 11 company paid holidays
  • 401k (up to 4% match with immediate vesting)
  • Tuition reimbursement up to $5,250 annually (minimum service requirement)
  • Read more about these and additional benefits at: Employee Benefits | Banner Bank


Please take time to review Banner Bank's Consent & Privacy notice before applying.


Banner Bank is an Equal Opportunity Employer committed to diversity in the workplace. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, citizenship, marital status, age, disability or protected veteran status.


Banner Bank does not accept unsolicited resumes from agencies and/or search firms for any job postings. Resumes submitted to any Banner Bank employee by a third-party agency and/or search firm without a valid written and signed search agreement, will become the sole property of Banner Bank. No fee will be paid if a candidate is hired for a position as a result of an unsolicited agency or search firm referral.

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CEO of Banner Bank
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Mark J. Grescovich
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Average salary estimate

$23400 / YEARLY (est.)
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$21500K
$25300K

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What You Should Know About Commercial Loan Specialist, Banner Bank

Are you ready to take your career to the next level as a Commercial Loan Specialist at Banner Bank in the beautiful Hermiston, Oregon? With a rich history of over 130 years, Banner Bank has been recognized by Forbes and Newsweek for its outstanding service and integrity. You'll be an essential part of a dedicated team that provides critical support to commercial lending staff across our network of branches. As our Commercial Loan Specialist, your responsibilities will include preparing loan request documents, gathering essential information about our customers’ finances, and ensuring a smooth loan closing process. You'll coordinate with various stakeholders, answer customer inquiries, and maintain a high level of accuracy in all loan files to meet regulatory standards. All of this is done while embodying our core values of listening, learning, and helping individuals and businesses achieve their goals. If you have a keen eye for detail, strong analytical skills, and a passion for exceptional customer service, joining us at Banner Bank could be a perfect fit. Plus, enjoy a comprehensive benefits package, encouraging not just professional development, but also personal growth via excellent incentives and community engagement. Come and make a positive impact in your next career step with us at Banner Bank!

Frequently Asked Questions (FAQs) for Commercial Loan Specialist Role at Banner Bank
What are the responsibilities of a Commercial Loan Specialist at Banner Bank?

As a Commercial Loan Specialist at Banner Bank, you will be responsible for key tasks that ensure the smooth functionality of our lending process. This includes preparing all necessary loan request documents, gathering customer income and net worth information, and addressing customer questions related to their loans. You will also prepare commitment letters, coordinate loan closings, and ensure that all loan files comply with regulatory requirements. Attention to detail is crucial, as you will verify accuracy for boarded loans and manage commercial loan suspense accounts monthly.

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What qualifications are needed for the Commercial Loan Specialist position at Banner Bank?

To qualify for the Commercial Loan Specialist role at Banner Bank, applicants should have at least a high school diploma, with an equivalent combination of education and experience being considered. Experience in commercial loan support, ideally ranging from 0 to 2 years, is necessary. Additionally, candidates should demonstrate strong analytical skills, proficiency in Word and Excel, and knowledge of accounting principles and commercial loan systems.

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What skills are important for a successful Commercial Loan Specialist at Banner Bank?

A successful Commercial Loan Specialist at Banner Bank should possess strong analytical skills to identify document errors and variances. The ability to deliver professional and responsive customer service is equally essential. Proficiency in commercial loan systems, along with a firm understanding of state and regulatory requirements regarding commercial loans, is vital. Being organized and able to work independently in a deadline-driven environment will set you apart in this role.

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What benefits do Commercial Loan Specialists at Banner Bank receive?

Commercial Loan Specialists at Banner Bank enjoy a comprehensive benefits package that includes medical, dental, and vision coverage, as well as long-term and short-term disability, and life insurance. Employees will have access to paid vacation, sick days, personal days, paid volunteer time, and 11 company-paid holidays. The compensation includes a targeted starting range based on experience, and additionally, there are opportunities for incentives and tuition reimbursement up to $5,250 annually.

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How can I apply for the Commercial Loan Specialist position at Banner Bank?

Interested candidates can apply for the Commercial Loan Specialist position at Banner Bank by visiting our career site and reviewing the application process outlined. It’s important to familiarize yourself with our Consent & Privacy notice. Once you are ready, submit your application along with your resume for consideration. We're excited to help you take the next step in your career!

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Common Interview Questions for Commercial Loan Specialist
What motivated you to apply for the Commercial Loan Specialist position at Banner Bank?

It's important to express your genuine enthusiasm for Banner Bank's values and its commitment to community. Share how your skills align with the role and how you see yourself contributing to the team.

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How do you ensure accuracy when processing loan documents?

Discuss methods you use to double-check your work, including software tools and checklists to minimize errors. Providing examples of past experiences can demonstrate your attention to detail.

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Can you describe a time when you had to handle a challenging customer interaction?

Share a specific instance highlighting your skills in patient communication and problem-solving. Emphasize the positive outcome that resulted from your interaction, showcasing your customer service abilities.

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What do you know about regulatory requirements for commercial loans?

Familiarize yourself with key regulations and express your understanding of the importance of maintaining compliance. Highlight any relevant training or experiences that have prepared you for this aspect of the role.

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How do you prioritize your workload when handling multiple loans at once?

Describe your time management techniques, such as using organizational tools or prioritization frameworks. Illustrating past experiences where you successfully managed competing deadlines can be effective.

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What software systems are you proficient in that relate to commercial loans?

Mention specific loan processing systems and software you are experienced with. If you have advanced knowledge of tools like Excel for financial analysis, be sure to include that as well.

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How would you describe your experience with financial analysis?

Provide examples of how you've conducted financial analysis in previous roles, focusing on the skills required for assessing loan applications. Highlight your analytical thinking and attention to detail.

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What steps do you take to build relationships with clients?

Discuss your approach to creating rapport with clients, emphasizing your communication skills, empathy, and commitment to understanding their needs. Real-life examples can strengthen your answer.

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How do you stay updated with industry trends and changes in commercial lending?

Share how you follow industry news, attend relevant workshops, or leverage professional networks to stay informed. Illustrating your proactive approach to professional development will showcase your dedication.

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Why do you think community engagement is important for a bank like Banner Bank?

Express your understanding of the positive impact community engagement has on the bank's reputation and relationships with customers. Relate this back to your eagerness to contribute to such initiatives as a Commercial Loan Specialist.

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Banner Bank is a dynamic full-service financial institution, operating safely and profitably within a framework of shared integrity. Working as a team, we will deliver superior products and services to our valued clients. We will emphasize strong ...

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Full-time, on-site
DATE POSTED
January 10, 2025

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