Job Description

This position works in conjunction with the Commercial Real Estate Administration team on commercial loan real estate due diligence including title insurance engagement and review, hazard/liability insurance review and tracking, and environmental due diligence to ensure documented information conforms to bank documentation requirements.

Primary Duties:

Title Insurance review duties:

• Order and review title insurance policies to ensure the policy includes the Bank’s applicable standard endorsements and includes any specialty endorsements that may have been requested. Ensure that the Bank’s lien position is properly secured / perfected.
• Work with the title insurance company, borrower, and Banker to resolve any issues related to the title of the property.
• Work with the title insurance company on any issues that may affect the Bank’s collateral.
• Review ALTA Surveys that are required for the existence of any encroachments, location of easements or other restrictions, and the physical size and boundaries of the properties to determine if there are any issues that may adversely affect the Bank’s collateral.

Environmental review duties:

• Review environmental reports on properties flagged as elevated risk or have environmental concerns. Make recommendations for further due diligence or corrective action.
• Communicate bank environmental requirements to lending staff and environmental consultants.

Flood due diligence duties:

• Order flood determination reports, as applicable and review to determine flood zone status.
• If real estate collateral is determined to be in a flood zone, ensure adequate insurance that adheres to regulatory requirements is in place prior to loan closing.
• Monitor ongoing flood insurance policies and ensure appropriate coverage is maintained.
• Force place insurance when necessary to comply with the regulatory requirement.

Insurance review duties:

• Conduct post loan closing hazard insurance review to ensure the appropriate types and amounts of hazard and liability insurance coverage are in place to minimize risk.
• Obtain documentation of insurance policy renewal upon policy expiration.
• Communicate with lenders, commercial loan coordinators, and/or insurance company agents to request applicable insurance policy information.
• Update insurance policy ticklers as required.

General:

• Know by name and face as many customers and employees as possible, calling them by name as often as possible.
• Know and practice LOCBUTN, our Golden Rules, and Bell Bank Customer Service Standards.
• Know, understand, and live the company values and bottom line.
• Conduct activities consistent with established Bell Bank policies, procedures and systems, the Bell Bank Employee Conduct policies, the Bank Secrecy Act and all applicable state and federal laws and regulations.
• All employees are responsible for information security, including compliance with policies and standards which protect sensitive information.
• Prompt and reliable attendance.
• Perform other duties as assigned.

Job Skills Required:

• B.A or B.S in Business Administration, Finance, Accounting or related business field or equivalent combination of education and experience.
• Minimum of 3 years of banking experience preferably in commercial credit, lending, and/or commercial real estate administration.
• High attention to detail with an ability to multitask and perform a variety of tasks, including communication with title companies, environmental consultants, or loan officers.
• Above-average written and verbal communication skills with the ability to communicate with both internal and external staff.
• Proficiency with computer technology.
• Effective time management and organizational skills.