Junior Commercial Specialist

Company: Axos Bank
Location: San Diego
Posted on: May 15, 2022

Job Description:

This is an exciting opportunity to jump start your career in the financial industry. The Junior Commercial Specialist is an entry-level position within the Commercial Lending Associate Program. Commercial Lending consists of Real Estate and Non- Real Estate products with annual net growth of $2 Billion. Our department goal is helping internal partners run their businesses more effectively through our focus on the "digital strategy." This is achieved through projects supporting our loan origination system and along with other tools within the technology stack. We also provide support to our external clients through servicing and portfolio management efforts utilizing our new Commercial portal. You will gain exposure to critical aspects within lending to build a robust knowledge base for a career within the financial industry! Responsibilities This is an immersive program for candidates interested in gaining exposure to Commercial Lending. This is a 2-year full-time opportunity with formal 1-year rotations designed to provide a broad overview of lending while focusing on supporting the team that you are part of. Goal of this program is to learn about various parts of the business applying previously gained knowledge to new processes. At the conclusion of the program, associates can become a full-time employee within one of the related business units based on current opportunities, company needs, and desired career path and skill set. Rotations: Candidates will be assigned to rotations within the four areas of Commercial Operations based on prioritized business needs. The sequence of the rotations will be tailored to the company's needs matched with the associate's strengths, experience, and development progress. Timing and length of rotations will be 1 year due to the significant learning curve within the space. There can be exceptions to decrease or increase assignments based on workload and business needs. A listing and summary of the four teams is listed below:

• Commercial Operations & Technology - BPM and project management supporting partners within the tech and process space
• Commercial Transaction Management - Processing and doc collection, loan pipeline management, conduit to external partners
• Commercial Servicing - Manage post close borrower and client requests like changes and updates to loans
• Commercial Finance & Analytics - Reporting, dashboarding and data analytics highlighting current state and opportunities Professional Development: Training focuses on essential skills for a career in Commercial Lending and will provide the associate with the understanding on how the various areas interact with each other during the originations process. Training will include exposure to Axos Bank leadership both inside and outside of the Operations space. An emphasis will be placed on process and continuous improvements across the organization. Associates will have a direct impact on driving bank efficiencies by working on meaningful projects along with a capstone project towards the end of the program. Responsibilities:
  • Operations & Technology
    • Support process improvement initiatives by analyzing business functions, gathering info, and evaluating system capabilities
    • Develop technical requirements documents by working with business and technical stakeholders
    • Prepare process map and procedure documentation to support changes to new and existing processes
    • Implements methods for improving and establishing controls for critical processes
    • Assists system end users after implementation of new processes through training, production support, and reporting
    • Perform other projects, support and duties as assigned by management
    • Transaction Management
      • Provides all required support and coverage for Loan Processors along with monitoring internal/external communications
      • Data entry in core processing systems (nCino, Salesforce, and Jack Henry) and updating title, escrow, and insurance info
      • Maintain full awareness of current file status to ensure workflow and funding deadlines are met
      • Intake of new loan applications through receipt of application deposit funds and ordering third party due diligence reports
      • Communicate with third party vendors with report requests/issues, etc.
      • Perform quality control reviews prior to loan closing, UCC requests, UCC searches, monitor expirations, and tracking services
      • Perform post close functions like loan modifications, loan payments and escrow disbursements
      • Initiate invoice processing through Oracle for the business unit
      • Review financial documents and loan agreements
      • Boarding loans into Core Systems along with boarding and tracking insurance related to those loans
      • Loan document storage and recall
      • Prepare loan payoff requests and subsequent processing
      • Finance & Analytics
        • Assist in building, maintaining, and creating our SQL based custom-made data warehouse for the Commercial departments
        • Collection of data and transferring them into a new format to make them appropriate for analysis
        • Administration of new experimental frameworks for collection of data
        • Transferring the current data architecture to our new enterprise data warehouse
        • Supporting the team with analytic requests Requirements
          • Recent college graduates with a Bachelor's degree in Business, Operations, or related field
          • GPA of 3.2 or higher
          • A willingness and ability to adapt to changing business needs and priorities throughout the rotation
          • Ability to work both independently as well as part of team
          • Organizational and analytical with strong attention to detail and high degree of self-motivation, initiative, and leadership potential
          • Stron g work ethic and capacity to work under pressure and deliver on tight deadlines
          • A positive attitude, professionalism, maturity, and insight throughout interactions with clients and business partners
          • Intellectual curiosity, strong communication, interpersonal, and relationship-building skills
          • Willingness to take on administrative tasks, with the goal of developing ways to automate or improve the process or procedure
          • Proficient with Microsoft software suite (Excel, Word, PowerPoint, and Outlook)
          • Recent college graduates with a bachelor's degree in Business, Operations, or related field
          • Extensive work experience is not a requirement, but dedication to learning and a true passion for commercial lending are vital
          • Authorization to work in the United States with no restrictions; please note that we are unable to sponsor visas for this position APPLY DIRECTLY FOR CONSIDERATION Born digital, Axos Bank has reinvented the banking model and grown to over $14 billion in assets since our founding in 2000. With a broad and ever-growing range of financial products, Axos Bank is rated among the top 5 digital banks in the country! -Axos Financial is our holding company -and publicly traded on the New York Stock Exchange under the symbol "AX" (NYSE: AX). We bring together human insight and digital expertise to anticipate the needs of our customers. Our team members are innovative, technologically sophisticated, and motivated to achieve. All offers are contingent upon the candidate successfully passing a credit check, criminal background check, and pre-employment drug screening, which includes screening for marijuana. Axos Bank is a federally regulated banking institution. At the federal level, marijuana is an illegal schedule 1 drug; therefore, we will not employ any person who tests positive for marijuana, regardless of state legalization. Axos -Bank is an E qual O pportunity employer. We are committed to providing equal employment opportunities to all employees and applicants without regard to race, religious creed, color, sex (including pregnancy, breast feeding and related medical conditions), gender, gender identity, gender expression, sexual orientation, national origin, ancestry, citizenship status, military and veteran status, marital status, age, protected medical condition, genetic information, physical disability, mental disability, or any other protected status in accordance with all applicable federal, state and local laws. Job Functions and Work Environment: While performing the duties of this position, the employee is required to sit for extended periods of time. Manual dexterity and coordination are required while operating standard office equipment such as computer keyboard and mouse, calculator, telephone, copiers, etc. The work environment characteristics described here are representative of those an employee may encounter while performing the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this position. Sorry the Share function is not working properly at this moment. Please refresh the page and try again later.

Keywords: Axos Bank, San Diego , Junior Commercial Specialist, Other , San Diego, California