Commercial loan processor

Work environment characteristics described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually moderate.

The Commercial Loan Processor is an integral member of the Alaska Growth Capital team who performs all aspects of loan origination, processing, closing, and ongoing servicing for commercial lending activities, including various government guaranteed loans.

BACKGROUND

Alaska Growth Capital (AGC), is a leading provider of business loans, tax credits and development services across Alaska and the northwestern U.S. utilizing programs offered by the Small Business Administration (SBA), U.S. Department of Agriculture (USDA), and CDFI Fund. AGC strives to support business borrowers’ growth and development through innovative credit solutions. More than just a lender, AGC provides training and technical assistance resources to new and growing businesses, from Anchorage-based startups to community-focused businesses in rural Alaska to Alaska Native Corporations statewide. AGC’s experienced team of professionals are mission driven, community and client focused, and have fun working together.

RESPONSIBILITIES

• Origination: Review loan applications for completeness, conduct initial credit and lien searches, track pending due diligence items, input new customer data into various systems.
• Processing: Prepare and review loan documentation, order necessary documentation for lien perfection for varied assets (real property, equipment, accounts receivable, aircraft, vessels, etc.), coordinate with customer to obtain required information.
• Closing: Coordinate with Loan Officer and close loans in accordance with all applicable policies and procedures, conduct all activities related to fund disbursements, perfecting all applicable security interests.
• Servicing: Track and follow up on required ongoing borrower financial reporting, track and follow up on various open ticklers, maintain complete and organized physical and electronic loan files and systems, monitor for past due payments and reporting and coordinate with Loan Officer to satisfy, assist in preparation and review of various internal and external portfolio reporting, lead efforts to assure servicing is meeting SBA, USDA, and NMTC requirements, process Loan Officer requests for releases of collateral or loan modifications.
• General Support: Provide general support to Loan Officers and Management, as needed, for various projects and initiatives.

ESSENTIAL SKILLS

• Time Management: Uses time effectively and efficiently, concentrating efforts on the more important priorities.
• Composure: Is cool under pressure and can handle stress. Can be counted on to hold things together during tough times and adapt to changing priorities.
• Self-Development: Is personally committed to and actively works to continuously improve and understands that different situations and levels may call for different skills and approaches.
• Learning on the Fly: Learns quickly when faced with new problems and change. Collaborates to find solutions and enjoys the challenge of unfamiliar tasks.
• Functional/Technical Skills: Has the functional/technical knowledge and skills to do the job at a high level of accomplishment. Strong attention to detail Strong customer service skills Team player with excellent verbal and written communications skills, positive attitude, self-motivated, and good organizational skills.

Physical Demands

Occasional standing, walking, climbing, stooping, kneeling, sitting for long periods of time, and lifting (up to 50 lbs). Requires hand dexterity and various vision abilities. Reasonable accommodations available for individuals with disabilities.

DISCLAIMERS

This job description is not a legal document and in no way states or implies that these are the only duties to be performed by the employee occupying this position. The incumbent is expected to perform other duties necessary for the effective operation of the department. Any qualifications to be considered as equivalents in lieu of stated minimums require prior approval of Human Resources. BBNC grants employment preference first to BBNC shareholders, their spouses or descendants, and second to Alaska Native Corporation shareholders in accordance with P.L. 93-638.

ADVANCEMENT OPPORTUNITY

This position can advance to Commercial Loan Processor II Minimum two years of commercial or small business loan processing experience General knowledge of commercial loan documentation, closing procedures, and government loan guaranty programs Experience with LaserPro Documentation preferred Post-secondary education strongly preferred.