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AT RCEDC
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Racine County, Wisconsin is the headquarters of Racine County Economic Development Corporation (RCEDC), a non profit established in 1983 to attract new business and development and facilitate existing business expansion projects.
RCEDC’s lending division, Business Lending Partners, includes Loan Officers, Credit Analysts, Loan Processor, Loan Closing Specialist, Loan Servicing Specialist, and Loan Portfolio Manager. The Loan Servicing Specialist will communicate with existing borrowers to provide and receive materials that are necessary to maintain properly organized loan files.
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The Loan Servicing Specialist works closely with the lending team, but primarily with the Loan Closing Specialist and the Loan Portfolio Manager to ensure that the loan files are set up and maintained accurately.
- Some essential duties and responsibilities include:
- Input financial statements, tax returns, and debt schedules
- Analyze the financial statements and make recommendations
- Write a narrative on business entities
- Complete collateral analysis
- Review appraisals and business plans
- Support the Loan Officers during Committee and Board meetings
- LOAN SERVICING 80%
- After the loan closes, meet with the Loan Closer to review the loan files to understand the loan structure and determine if outstanding documents need to be collected on an annual basis.
- Prepares, distributes, and collects the Annual Servicing Letter for all loan recipients in the loan portfolio.
- Sets monthly calendar reminders in CRM software (Ventures) to ensure that UCC’s, hazard and life insurance, job numbers, financial statements or tax returns and site visits are all being collected and acted on in a time-sensitive manner.
- For loan recipients in which real estate was secured for collateral, monitor property taxes and takes appropriate action when alerted that property taxes are past due.
- Completes the annual risk rating process for the loan portfolio.
- Leads the process to release collateral for RLF loans that have been paid off and updates CRM software accordingly.
- Coordinate loan portfolio site visits based on the adopted policy.
- Work with Credit Analysts to prepare the quarterly Troubled Loan reports. If necessary, reaches out to the borrower for needed documentation and if necessary, takes action to ensure payments will continue to be made.
- Work with the Credit Analysts to complete servicing actions for existing borrowers.
- Remains informed about SBA’s liquidation policy, and maintains documentation on RLF liquidation activities.
- AUDITS & REPORTS 10%
- Assist with loan file reviews to prepare for audits as required.
- Work to review, update, and disseminate policies and procedures governing compliance with the core responsibilities of this position.
- ADDITIONAL DUTIES 10%
- Complete data entry into Salesforce software to track activities.
- Participates in other project assignments as directed by the RCEDC Executive Director.
- Other special projects as assigned.
RCEDC is an AA/EEO Employer: All applicants will receive consideration for employment without regard to race, color, national origin, religion, sex, sexual orientation, gender identity/expression, disability, or protected veteran status. Individuals from diverse backgrounds are encouraged to apply.
- Some essential duties and responsibilities include:
- Input financial statements, tax returns, and debt schedules
- Write a narrative on the business entities
- Complete collateral analysis
- Review appraisals
- Pull and analyze credit reports
- Some essential duties and responsibilities include:
- Input financial statements, tax returns, and debt schedules
- Analyze the financial statements and make recommendations
- Write a narrative on business entities
- Complete collateral analysis
- Review appraisals and business plans
- Support the Loan Officers during Committee and Board meetings
The Credit Analyst requires a Bachelor’s degree and a minimum of two years of relevant experience with commercial lending.