Loan Documentation Specialist II en Bridgewater Bank

We are seeking a detail-oriented Loan Documentation Specialist II to join our Loan Administration team. Reporting to the Loan Documentation Lead, the Loan Documentation Specialist II performs a variety of functions associated with the origination of new loans and renewals/modifications of existing loans. This position requires responsiveness to our borrowers and lending staff to ensure the timeliness of loan closings. Accuracy is required to reduce risk to the bank and remain in compliance with laws and regulations.

RESPONSIBILITIES: 

• Prepare, review and process documentation for all commercial and consumer loans to ensure terms of documents are in accordance with committee approved request and following bank policy, lending practices and regulatory statutes. May include communication with outside counsel related to document preparation and other due diligence.
• Preparation of Participation Agreement and Letter of credit documentation, renewals, and modifications.
• Complete CRA and HMDA requirements for documentation and compliance reporting.
• Administer the loan booking process on core and document imaging software, includes new loans and modifications for (CRE Multi-family, C&I, Construction development, and other commercial renewals) and consumer loans.
• Perform initial loan funding using WireXchange and/or internal funding on the core loan system while ensuring accuracy of funds disbursed utilizing an internal checklist.
• Perform balancing of GL’s related to loan booking.
• Communicate effectively and collaboratively with internal partners to ensure tasks are completed accurately and timely.

 QUALIFICATIONS:

• 4-6 years of Commercial and Consumer loan processing and/or documentation experience
• Strong oral and written communication skills
• High attention to detail and knowledge of rules, regulations and policies relating to loan documentation
• Bachelor’s degree preferred

ABOUT BRIDGEWATER BANK:

Picture yourself at one of the Twin Cities’ best places to work, surrounded by people who challenge you, support you, and inspire you to be your best. Welcome to Bridgewater Bank.

We’re on a mission to be the finest entrepreneurial bank in the Twin Cities. Like true entrepreneurs, we run fast and lean. We are in constant evolution and the runway for personal and professional growth is long. People are our strength, and that’s why we’ve created and sustained an award-winning culture that promotes growth and celebrates the big and little wins along the way.

At the end of the day, we believe competitive salaries, top-tier benefits, a hybrid work model, and transparency into the business is a given. Working together toward something meaningful with people you enjoy, is just a bonus! Will you join us? 

COMPENSATION & BENEFITS:

The typical annual base pay range for this role is between $31.25/hr. - $32.21/hr. Compensation may vary based on individual job-related knowledge, skills, expertise, and experience. This position is eligible for a discretionary annual incentive program driven by organization and individual performance.

Bridgewater Bank provides a broad offering of competitive benefits including (but not limited to):

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Parental leave
• 401(k) with employer match
• Paid vacation & paid holidays

PLEASE NOTE:

The above is intended to describe the general content of and requirements for this position.  It is not to be construed as an exhaustive list of duties, responsibilities, or requirements. It is Bridgewater Bank’s policy to promote equal employment opportunities. All personnel decisions, including, but not limited to, recruiting, hiring, training, promotion, compensation, benefits and termination, are made without regard to race, creed, color, religion, national origin, sex, age, marital status, sexual orientation, gender identity, citizenship status, veteran status, disability or any other characteristic protected by applicable federal, state or local law.

STATUS: Non-Exempt