Commercial Loan Servicing - Intern
Commerce Bank

Job Info

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About Working at Commerce

Wouldn't it be great to build your career at a bank that's known for helping people with their financial challenges? That's exactly what you'd be doing when you join the team at Commerce Bank. We're looking for teammates who are ready to do whatever it takes to help our customers with their everyday financial needs. You'd be helping yourself too, because Commerce has a tradition of recognizing and rewarding team members for their talent, skills and contributions.

No wonder we've been an industry leader for over 155 years and have developed a reputation as a great place to work in the financial services world. If you'd like to be a part of a team and culture that is respected by its peers and in your community, we should talk. We're always looking for the best and brightest.

About This Job

Commercial Loan Servicing (CLS) provides back-office operations support for commercial, business banking, and a variety of specialty lending products. We work directly with the Sales and Credit teams to remove roadblocks and complete operational tasks that allow Commerce to meet the customer's commercial lending needs. Operational tasks performed by CLS can include loan document preparation, loan accounting, collateral monitoring and perfection, as well as legal and regulatory review.

CLS provides an excellent base to understand commercial lending. Former members of CLS have been able to take their foundational learning and turn it into careers throughout the bank in many different areas including CLS Management, Commercial and Small Business Sales, Credit, Portfolio Administration, Strategic Management, Specialty Lending, and Systems Administration to name a few.

Essential Functions

CLS Representative activities could include, but are not limited to:

• Completing a preliminary review of loan submissions to ensure regulatory and legal compliance
  
• Preparing loan documents in accordance with Commerce Bank's credit policy
  
• Interpreting complex loan documents to set up loans on the loan accounting system
  

• Posting loan transactions and providing loan accounting problem resolution
  
• Interpreting loan documents to file collateral perfections and/or releases with the appropriate agencies
  
• Providing on-going monitoring and reporting for collateral securing commercial loans
  
• Completing a post-closing review to ensure all documentation is in compliance, protecting the Bank from unnecessary risk
  
• Working closely with customer-facing commercial loan staff to assist in meeting the customer's needs
  

• Perform other duties as assigned
  

Work Schedule

• Monday-Friday, 8:00am-5:00pm
  
• Flexible work environment
  
• Approximately 50% on-site/50% remote schedules available, based on meeting performance expectations
  

Knowledge, Skills & Abilities Required

• Ability to analyze, interpret, and understand loan and/or attorney prepared documents with a high degree of accuracy
  
• Capacity to work in a fast paced, deadline-driven environment
  
• Exceptional customer service skills
  
• Motivated and organized self-starter with strong attention to detail and the ability to manage multiple priorities
  

• Inquisitive, agile, 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 and Outlook
  

Education & Experience

Preferred Skills and Experience:

• Knowledge of commercial loan or attorney prepared documentation
  
• Knowledge of Federal Banking regulations and procedures
  
• Accounting or banking experience
  

Education:

• Required: High school diploma or equivalent plus 1 year of work history
  
• Preferred: 4-year degree or equivalent work experience
  

Location: 811 Main St, Kansas City, Missouri 64105

Time Type:
Full time

This job has expired.