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Commercial Loan Servicing Specialist

Commerce Bank

MO - Kansas City Downtown/Plaza - Kansas City - KC Downtown 811 Main (825 Main) (64105), UShybrid

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About this role

About Working at Commerce 

Building a career here is more than just steps on a ladder. It’s about helping people find financial safety and success, helping businesses thrive, and making sure people and their money are taken care of. And our commitment doesn’t stop there. Our culture is about our people, the ones in our communities and the ones that work with us.  

Here, you’ll find opportunities to grow and learn, to connect with others, and build relationships with the people around you. You’ll have the space and resources to grow into the best version of yourself. Because our number one investment is you.

Creating an award-winning culture doesn't come easy. And after 160 years, we know Commerce Bank is only at its best when our people are. If this sounds interesting to you, keep reading and let’s talk. 

Compensation Range Hourly: $21.40 - $27.65 (Amount based on relevant experience, skills, and competencies.)

About This Job

The main purpose of this job is to provide back-office operations support for commercial, business banking, and a variety of specialty lending products.

Work Schedule • Monday - Friday 8:00 AM - 5:00 PM

Essential Functions • Complete a preliminary review of loan submissions to ensure regulatory and legal compliance

• Prepare loan documents in accordance with Commerce Bank’s credit policy

• Interpret complex loan documents to set loans up on the loan accounting system

• Post loan transactions and providing account problem resolution

• Process complex loan accounting transactions such as syndications and participations

• Provide ongoing monitoring and reporting of collateral securing commercial loans

• Complete a post-closing review to ensure all documents comply with regulatory requirements and Commerce Bank policy

• Collaborate with internal and external business partners to improve service levels

• Create or update procedural manuals and job aids as needed

• Provide research and resolution to customer concerns/issues

• Performing other duties as assigned

Knowledge, Skills & Abilities Required • Ability to analyze, interpret, and understand commercial loan and/or legal documentation with a high degree of accuracy

• Basic knowledge of commercial loan servicing databases and systems, including but not limited to Shaw, ELAR, Credit Stream, LaserPro, CAC, and Appian

• Basic knowledge of federal banking regulations, especially those related to commercial lending

• Motivated and organized self-starter with strong attention to detail and the ability to manage multiple priorities

• Inquisitive, agile, and strong team player with excellent written, verbal, and interpersonal communication skills

• Ability to remain adaptable and resilient to all situations with an optimistic outlook and cast a positive shadow that is aligned with our culture and Core Values

• Intermediate level proficiency with Microsoft Word, Excel, Teams, and Outlook  

Education & Experience • Associate degree or equivalent combination of education and experience required.  Bachelor’s degree preferred.

• 1+ years financial services experience required

• Commercial lending experience preferred

*** For individuals applying, assigned and/or hired to work in areas with pay transparency requirements, Commerce is required by law to include a reasonable estimate of the compensation range for some roles.  This compensation range is for the Commercial Loan Servicing Specialist   or Senior Commercial Loan Servicing Specialist   level job and contemplates a wide range of factors that are considered in determining most appropriate job level and making compensation decisions, including but not limited to location, skill sets, education, relevant experience and training, licensure and certifications, and other business and organizational needs. The disclosed range estimate has not been adjusted for any applicable differentials (geographic, bilingual, or shift) that could be associated with the position or where it is filled. At Commerce, compensation decisions are dependent on the facts and circumstances of each situation. A reasonable estimate of the current base pay is $21.40 to $27.65 per hour .

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The candidate selected for this position may be eligible for the following employment benefits: employer sponsored health, dental, and vision insurance, 401(k), life insurance, paid vacation, and paid personal time. In addition, we offer career development, education assistance, and voluntary supplemental benefits.  Click here to learn more.

Location: 811 Main St, Kansas City, Missouri 64105 Time Type: Full time

Salary insight

This posting doesn't disclose pay. Across 108 Kansas City jobs with disclosed salaries on ForgeApply, the median is $93k.

Based on live postings with disclosed pay on ForgeApply; refreshed daily. Not an estimate of this employer's offer.

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