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Commercial Lending Assistant

Lake Elmo, Minnesota
Job Type
30 May 2024

Position: Commercial Lending Assistant

Type: Regular Full Time Hourly (eligible for overtime). On site.

Hours: 8-5 Monday-Friday (1-hour lunch) or 8:30-5 Monday-Friday (30-minute lunch)

Benefits Include: Medical, Dental, Vision; Bank paid Life Insurance, Short Term Disability and Long Term Disability; Float time, vacation and sick time; 401(k); Employee Stock Ownership Plan.

The Commercial Lending Assistant assists commercial lenders, as assigned, to document and monitor loans which meet or exceed established Bank standards. Performs a variety of tasks at all levels of the loan-making process, including performing administrative and customer service functions, as directed. Responsible for gathering, assembling and preparing information and documentation for commercial loans.

Education and Experience:

  • High School Diploma or GED is required.
  • Previous customer service experience required.
  • Previous banking experience preferred.
  • 1+ years of commercial lending assistant experience preferred, but not required.

Major Responsibilities:

  • Accurately and efficiently prepares written correspondence, emails, and other documents from written or verbal instructions for loan officers as assigned.
  • Requests and tracks file documentation for new transactions and ongoing renewals,
  • Assembles, prepares, and maintains loan files in accordance with applicable procedures.
  • Prepares necessary loan documentation for a variety of commercial loan transactions. May meet with customers to sign loan documents as directed by a commercial lender.
  • As a member of the Credit Administration Group, actively identifies customer needs and preferences and communicates observations to the Group.
  • Fully understands all Bank products, communicates appropriately with customers about products, and makes appropriate referrals to co-workers.

Knowledge, Skills and Abilities:

  • Proven ability to prioritize multiple tasks.
  • Highly organized and efficient.
  • Ability to independently problem solve.
  • Ability to work effectively under deadlines and pressure.
  • Strong verbal and written communication skills.
  • Proficient computer skills including Word, Excel and Outlook.
  • Excellent customer service skills.
  • Strong team player.

About Us:

Lake Elmo Bank was chartered on August 1, 1911 and has built its tradition on a personal approach to banking. We get to know our customers so that we understand each customer's unique needs with the intent of building long-term financial relationships. This goal has been the foundation of our business for over 100 years.

Today, with assets over 500 million dollars, Lake Elmo Bank is among the larger community banks in the State of Minnesota. Because of its unique history and the bank's commitment to community service, Lake Elmo Bank has successfully served the residents and businesses of the east metro area with a continued commitment to its tradition of service. Lake Elmo Bank was also voted "Best Bank" by the Stillwater Gazette Readers' Choice Awards.

Lake Elmo Bank is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact the human resources department.



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  • Job Reference: 1341026783-2
  • Date Posted: 30 May 2024
  • Recruiter: Lake Elmo Bank
  • Location: Lake Elmo, Minnesota
  • Salary: On Application
  • Job Type: Permanent