Job details
Job type full-time
Full job description
Overview
Are you looking to take your career from good to great? as an employee of penfed, every day is an opportunity to thrive, and be part of a team working to ensure our organization is providing world class service to our members, employees, and our communitiesWe exist to help our members realize their full potential, educate and encourage their dreams, and make every effort to follow our mission and help our members `do better.` joining penfed is more than being an employee; it`s about being a part of the penfed family.
Penfed is hiring a senior commercial loan specialist (remote) at one of the following locations: tysons, virginia and new york, new yorkThe primary purpose of this job is to provide oversight and support for the overall commercial loan operations in accordance with federal regulation and penfed board of director policies, procedures, and standardsMore specifically, this position will be responsible for day to day loan operations, oversight of the portfolio post-closing, documentation, disbursements, and servicing of the commercial loan portfolio with the intent of providing excellent customer service to internal and external stakeholders.
Responsibilities
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functionsThis is not intended to be an all-inclusive list of job duties and the position will perform other duties as assigned.
Review and process loan servicing requests and ensure timely and accurate processing while keeping various stakeholders i.eAccounting, finance, and treasury informed at all times.
Prepare, review, and lead the loan closing process by collaborating with srUnderwriter(s) and ensure seamless hand off of loan documents to an outside servicer.
Liaise with and develop excellent relationship with the outside servicer.
Maintain a strong working knowledge of the overall commercial portfolio and be knowledgeable about various commercial loan products including real estate and non real estate loans.
Prepare ad hoc reports as directed by srManagement.
Work as a backup escalation point to underwriting, finance, and accounting staff for questions, concerns, and second reviews.
Routinely monitor the portfolio for early identification of risks and communicate to srManagement.
Perform other duties as assigned.
Work with members, internal penfed staff, and external partners to provide solutions for ongoing issues related to servicing & accounting.
Collaborate with other departments and/or institutions to corroborate or collect information related to commercial lending decisions.
Maintain a thorough understanding of state and federal laws and regulations related to credit union compliance including bank secrecy and anti-money laundering laws appropriate to the position.
Review policies, procedures, and guidelines and makes recommendations for improvement.
Qualifications
Equivalent combination of education and experience is considered.
Bachelor`s degree in a related field is preferred.
Minimum of five (3) years of experience in a financial services setting, with at least (1) years of experience as a loan administrator in a financial setting, is required.
Previous experience in mortgage warehouse lending is strongly preferred.
Basic knowledge of accounting and loan operations is preferred.
Knowledge of penfed structure, products, policies and procedures preferred.
Strong written and verbal communication skills.
Work environment
While performing the duties of this job, the employee is regularly exposed to an indoor office setting with moderate noise.
*most roles require working in an office setting with moderate noise and the ability to lift 25 pounds.*
Special message regarding covid 19
Penfed is continuing to hire and train exceptional individuals to help us serve our 2 million members both here and around the worldIn light of the current situation with novel coronavirus (covid-19), we have modified our hiring, onboarding, training, and deployment protocols in order to comply with current local and state guidance around social distancing.
About us
Established in 1935, penfed today is one of the country`s strongest and most stable financial institutions with over 2 million members and over $26 billion in assetsWe serve members in all 50 states and the district of columbia, as well as in guam, puerto rico and okinawaWe are federally insured by ncua and we are an equal housing lenderWe are available to members worldwide, via the web, seven days a week, twenty-four hours a day.
We provide our employees with a lucrative benefits package including robust medical, dental and vision plan options, plenty of paid time off, 401k with employer match, on-site fitness facilities at our larger locations, and more.
Equal employment opportunity
Penfed management will maintain and observe personnel policies which will not discriminate or permit harassment or retaliation against a person because of race, color, creed, age, sex, gender, gender identity, gender expression, religion, national origin, ancestry, marital status, military or veteran status or obligation, the presence of a physical and/or mental disability or medical condition, genetic information, sexual orientation, and all statuses protected by applicable state or local law in all recruiting, hiring, training, compensation, overtime, position classifications, work assignments, facilities, promotions, transfers, employee treatment, and in all other terms and conditions of employmentPenfed will also prohibit retaliation against individuals for raising a complaint of discrimination or harassment or participating in an investigation of same.
Penfed will also reasonably accommodate qualified individuals with a disability so that they can apply for a job or perform the essential functions of a job unless doing so causes a direct threat to these individuals or others in the workplace and the threat cannot be eliminated by reasonable accommodation or if the accommodation creates an undue hardship to penfedContact human resources (hr) with any questions or requests for accommodation at 240-224-4256.
#li-cp1
