Commercial Credit Specialist

Primary Duties And Responsibilities

General Electric Credit Union is a not-for-profit, member-owned full service financial institution headquartered in Cincinnati with branches in Ohio and Kentucky. At GECU, we pride ourselves on maintaining quality service, being an employee-friendly workplace, and developing our team members while teaching you the skills to lead you to career advancement opportunities.

Overview

The Commercial Credit Specialist (CCS) supports the end-to-end commercial credit process including initial deal coordination, review and confirmation of appropriate financial statements, order and review of pre-close due diligence, and engagement of the loan processing team while supporting efforts for reporting, monitoring loans and outreach to members to gather information where appropriate.

Essential Responsibilities

• Reviewing and verifying loan application documents for accuracy and completeness, ensuring compliance with internal policies and regulatory requirements, and coordinating with applicants to obtain necessary information and documentation.
• Ensure timely and consistent execution of the commercial credit processes
• Initial deal coordination including confirmation that the appropriate financials statements have been submitted
• Order and review of pre-close due diligence
• Process full coordination of all member related documentation including setup, scheduling, collection, monitoring and other financial documentation needs
• Supports SBA 1052 reporting
• As directed, provides accurate and timely completion of Board Reports including hosting a monthly collection call for updates with management
• Collection and monitoring of Borrowing Base Reports, submit limit restrictions to Business Loan Operations
• Manage Meridian Link loan process, reviewing all new applications, notifying credit analysts of new applications ready to be decisioned, communicating requests for additional documentation with applicants and communicating loan decisions with applicants
• Assist in the management of maturing loans/renewals by sending notices to members via email and regular mail, review maturing loan pipeline and participate in pipeline review meetings
• Monitor the commercial lending email box and follow-up on appropriate response as needed
• Provide accurate insurance tracking
• Contact borrowers to obtain necessary pre-closing business loan documentation
• Coordinate pre-closing activities and documents in accordance with federal and state compliance requirements including, but not limited to: Order appraisals, title documentation, flood documentation, conduct background search on the business and order loan documentation with an approved attorney or prepare in-house
• Assemble and review the final loan package
• Schedule loan closings, coordinating with Commercial Loan Officer, closing attorney, and borrower
• Assist Commercial Loan Officers in obtaining post-closing documentation needed to address loan exceptions
• Onboard and fund business loans upon closing
• Prepare denied and withdrawn loan applications, drafting adverse action letters and forwarding for approval before sending them to the applicant
• Assist members with inquiries regarding their business loan application
• Work closely with all 3rd party vendors to ensure that their Due Diligence is obtained within a timely manner and approved by GECU
• Conduct quality control audit on business loans post-closing
  
  

Education And Experience

• High school diploma or GED required; bachelor's degree preferred
• Four years working in commercial loan processing or similar lending role
• Proficient experience working commercial lending underwriting and review process
  
  

Knowledge, Skills, And Abilities

• Ability to work independently with a high degree of time management skills
• Strong knowledge of financial statements, credit reporting, and applying proper decision making
• High degree of attention to detail especially when reviewing financial documents and reporting
• Proficiency in technology with ability to navigate commercial systems including Merdian Link, Abrigo/Sageworks, DNA
• Professionalism in both oral and written communication with the ability to clearly communicate realistic timelines
  
  

At GECU, we want to support your wellbeing by offering a wide range of benefits:

• Health, Dental and Vision insurance
• Life and Disability insurance options
• Paid Time Off starts accruing once hired and take your birthday off -paid
• 401k Retirement plan with up to a 10% match of your base gross compensation
• Tuition reimbursement opportunities & professional development
• Volunteer opportunities -and earn additional PTO hours!
• On-site clinics for Vaccines and Mammograms
  
  

And many more!

Come join GECU as we are a curated culture of respect, understanding, and mutual recognition. We believe forming bonds and connecting with each other only stands to strengthen the service we provide to our members in our mission of improving the Quality of Financial lives!

General Electric Credit Union is an Equal Opportunity Employer