Institutional Lending Specialist
WFA Digital Insight
As demand for skilled lending specialists continues to rise, with the global lending market projected to grow by 10% annually, professionals with a keen eye for detail and strong analytical skills are in high demand. The shift to remote work has also opened up new opportunities for talented individuals to join innovative companies like Connexus Credit Union, which is committed to fostering collaboration and high performance. With the right skills, including proficiency in Excel and experience in loan review, candidates can thrive in this role. Before applying, it's essential to understand the current lending landscape and the importance of compliance with state and federal regulations.
Job Description
About the Role
The Institutional Lending Specialist role at Connexus Credit Union is a unique opportunity for a skilled professional to join a dynamic team and contribute to the company's mission of providing excellent financial services to its members. As a key member of the Institutional Lending team, the successful candidate will be responsible for facilitating the purchase of loans from lending partners, conducting quality reviews, and assisting with loan sale activities. The role will involve working closely with various stakeholders, including the Institutional Lending Manager, Accounting team, and business partners.The Institutional Lending Specialist will be an integral part of the team, ensuring that all loan purchase transactions are completed efficiently and accurately. The role will require strong analytical skills, attention to detail, and excellent communication skills. The successful candidate will be expected to develop and maintain strong relationships with business partners and work collaboratively with the Accounting team to ensure timely processing and superior service.
The Institutional Lending team at Connexus Credit Union is committed to excellence and is dedicated to providing high-quality services to its members. The team is passionate about fostering collaboration and high performance, and the company is proud to offer a range of benefits and perks to support the well-being and development of its employees.
What You Will Do
- Present risk analysis of loans that exceed approval authority to the appropriate Manager for resolution
- Manage loan purchase transactions with a focus on employing strong loan review skills, volume fluctuations, and exceeding department goals and objectives
- Recognize, adhere to, and comply with established department procedures to ensure accurate, efficient, and timely processing of transactions
- Develop and maintain strong relationships with business partners
- Work closely with Accounting to ensure timely processing and superior service to business partners
- Assist the Institutional Lending Team to analyze, improve, and implement processes to execute the overall business plan
- Comply with all State and Federal Regulations as they pertain to job duties
- Assist with or conduct training for Team Members as needed
- Facilitate the purchase of loans from lending partners
- Conduct quality reviews of loans received to ensure adherence to program criteria
- Assist with loan sale activities
What We Are Looking For
- Associate's degree or commensurate experience
- 1+ year of prior loan review experience within a financial institution
- Strong computer skills and ability to work with multi-faceted systems
- High attention to detail and ability to work in a fast-paced environment with accuracy
- Proficient skills to use Microsoft Suite applications, including Excel and Word
- Strong analytical and problem-solving skills
- Excellent communication and interpersonal skills
- Ability to work collaboratively as part of a team
- Strong organizational and time management skills
Nice to Have
- Experience working in a credit union or financial institution
- Knowledge of lending regulations and compliance
- Familiarity with loan servicing systems
- Certification in lending or a related field
Benefits and Perks
- Competitive salary
- Comprehensive benefits package, including health, dental, and vision insurance
- 401K Retirement with up to 6% employer match
- Generous paid time off and holidays
- Paid Volunteer Time Off
- Health Savings Account with employer contributions
- Employer-paid Life insurance, Short-Term and Long-Term Disability
- Tuition Reimbursement from $4,000 - $7,000 per calendar year
- Robust Learning and Development program with an annual professional development stipend
- Remote work arrangement with flexible scheduling
- Opportunities for professional growth and development
- Collaborative and supportive work environment
How to Stand Out
- Develop a strong understanding of lending regulations and compliance to stand out in the application process
- Highlight your experience with loan review and analysis, and be prepared to provide examples of your work
- Familiarize yourself with Microsoft Suite applications, including Excel and Word, and practice using them efficiently
- Showcase your ability to work collaboratively as part of a team and communicate effectively with stakeholders
- Be prepared to discuss your experience working in a fast-paced environment and your ability to manage multiple tasks and priorities
- Consider obtaining a certification in lending or a related field to demonstrate your expertise and commitment to the role
- Research the company culture and values to ensure you are a good fit for the organization and can contribute to its mission
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