First Federal Savings Bank is expanding our team! We are seeking a diligent and organized Commercial Loan Coordinator to join our team. The ideal candidate will provide support to our Commercial Loan Officer in the Morris and Shorewood markets, manage loan documentation, and ensure smooth loan processing and servicing. This role requires strong attention to detail, excellent communication skills, and the ability to work efficiently in a fast-paced environment. This position is designed to be a pathway to a Commercial Loan Officer Role, providing hands-on training and development opportunities.

Primary Responsibilities:

Assist Commercial Loan Officer in preparing and processing loan applications, renewals, and modifications.

Collect, review, and verify loan documentation, ensuring compliance with company policies and regulatory requirements.

Coordinate with clients, underwriters, and other departments to gather necessary information and documentation.

Maintain accurate and up-to-date loan files and records in the loan management system.

Assist with the preparation of loan closing documents and coordinate loan closings.

Monitor loan portfolios and provide ongoing support to clients, including addressing inquiries and resolving issues.

Participate in client and prospective client outreach under the direction of the Commercial Loan Officer

Represent the bank at business and networking events

Support and participate in the Commercial Loan Officer efforts to develop new business relationships

Perform administrative tasks such as data entry, filing, and document management.

Support the Loan Officer in conducting credit analyses and preparing credit memos.

Stay updated on industry regulations and best practices related to commercial lending.

Preferred Qualifications and Experience:

High school diploma or equivalent required; Associate or Bachelor's degree in finance, business, or a related field preferred.

Previous experience in a banking or financial services environment, preferably in commercial lending, is a plus.

Strong organizational skills and attention to detail.

Excellent written and verbal communication skills.

Proficiency in Microsoft Office Suite and loan management software.

Ability to work independently and as part of a team.

Strong problem-solving skills and the ability to handle multiple tasks simultaneously.

Benefits:

The annual salary range is $40,000 - $60,000.

Opportunities for professional development and career growth.

Friendly and collaborative work environment.

Comprehensive benefit package includes medical, dental, vision and life insurance, AD&D, long-term disability, 401k plan with employer matching, paid time off including vacation, sick, holiday, birthday, and work anniversary.

Submission of resume or employment application is not a guarantee of employment. First Federal Savings Bank is an Equal Opportunity Employer.