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Commercial Loan Operations Manager Jobs (NOW HIRING)

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Escalate critical issues to management, the business line and/or administrative personnel. * Assist ... Minimum of 2 years of loan operations experience * Strong working knowledge of commercial loan ...

Loan Operations Manager Bank Size: Approximately $1.3B Community Bank Position Overview Our client is seeking an experienced Commercial Loan Closer to support a growing commercial lending platform.

Loan Operations Manager

Minneapolis, MN · Hybrid

$115K - $130K/yr

Loan Operations Manager Location : Minneapolis, MN | Hybrid Job Type : Permanent/Direct-Hire ... commercial, consumer, and business banking services. The organization is committed to delivering ...

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Commercial Loan Operations Manager information

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$43K

$90.2K

$150K

How much do commercial loan operations manager jobs pay per year?

As of Sep 5, 2026, the average yearly pay for commercial loan operations manager in the United States is $90,166.00, according to ZipRecruiter salary data. Most workers in this role earn between $62,000.00 and $109,000.00 per year, depending on experience, location, and employer.

What does a commercial loan operations manager do?

A Commercial Loan Operations Manager oversees the day-to-day processes involved in managing commercial loan portfolios for a financial institution. Their responsibilities include supervising loan documentation, ensuring regulatory compliance, coordinating loan servicing activities, and improving operational efficiency. They also manage teams, resolve escalated issues, and collaborate with other departments to support business objectives. This role requires strong attention to detail, leadership skills, and a deep understanding of commercial lending operations.

What are the key skills and qualifications needed to thrive as a commercial loan operations manager?

To thrive as a Commercial Loan Operations Manager, you need in-depth knowledge of commercial lending processes, regulatory compliance, and financial documentation, typically supported by a bachelor’s degree in finance or a related field. Familiarity with loan servicing platforms, banking software, and often certifications like Certified Lender Business Banker (CLBB) are essential. Strong leadership, analytical thinking, and effective communication help manage teams and coordinate with cross-functional stakeholders. These skills ensure accurate loan processing, regulatory adherence, and smooth operational flow, which are critical for organizational success.

What are some common challenges faced by a commercial loan operations manager, and how can they be effectively addressed?

Commercial Loan Operations Managers often encounter challenges such as managing complex loan documentation, ensuring regulatory compliance, and coordinating among multiple departments. Staying organized and detail-oriented is essential to avoid errors and maintain accurate records. Effective communication with credit officers, relationship managers, and compliance teams helps streamline processes and resolve issues quickly. Leveraging technology and regularly updating operational procedures can also mitigate risks and improve efficiency in loan processing.

What is the difference between Commercial Loan Operations Manager vs Commercial Loan Officer?

AspectCommercial Loan Operations ManagerCommercial Loan Officer
Primary RoleOversees loan processing, compliance, and operational workflowsOriginates, evaluates, and approves commercial loan applications
Required CredentialsTypically requires banking or finance experience, sometimes certifications like CAMS or similarOften requires finance or banking background, with licenses or certifications like Series 7/63
Work EnvironmentOperational departments within banks or financial institutionsClient-facing roles, working directly with borrowers and sales teams
Employer & Industry UsageUsed in banking, credit unions, and financial institutions for back-office rolesCommon in commercial banking for client acquisition and loan origination

The Commercial Loan Operations Manager focuses on managing the loan processing and operational workflows, ensuring compliance and efficiency. In contrast, the Commercial Loan Officer primarily handles client interactions, originating and evaluating loan applications. Both roles require financial knowledge but differ in responsibilities and daily tasks.

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What cities are hiring for Commercial Loan Operations Manager jobs?

Cities with the most Commercial Loan Operations Manager job openings:

What states have the most Commercial Loan Operations Manager jobs?

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What job categories do people searching Commercial Loan Operations Manager jobs look for?

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Infographic showing various Commercial Loan Operations Manager job openings in the United States as of August 2026, with employment types broken down into 84% Full Time, 13% Part Time, 1% Temporary, 1% Contract, and 1% Nights. Highlights an 94% Physical, 2% Hybrid, and 4% Remote job distribution, with an average salary of $90,166 per year, or $43.3 per hour.

Loan Operations Commercial Loans Collateral Specialist

Lakeside Bank

Oak Brook, IL

$47K - $79K/yr

Full-time

Medical, Dental, Vision, Life

Posted 17 days ago


Key responsibilities

  • Review commercial loan packages and collateral documentation to ensure proper lien perfection and compliance with policies and procedures.

  • Order, prepare, file, and track collateral-related documents such as UCC filings and mortgages, and maintain accurate collateral records.

  • Monitor collateral exceptions, perform collateral reconciliations, and resolve discrepancies to maintain portfolio quality.


Job description

Position: Loan Operations Commercial Loans Collateral Specialist
Grade: 10
Department: Loan Operations – Oak Brook Ops Center
Reports To: AVP – Loan Operations Collateral Services Group Lead
Lakeside Bank is seeking a detail-oriented and highly motivated Commercial Loan Collateral Services Specialist to join our Loan Operations team. The ideal candidate will be a self-starter who can work independently with limited supervision while maintaining a high degree of accuracy and professionalism. This position is responsible for protecting the Bank's collateral position by tracking and obtaining trailing collateral documentation, filing and monitoring UCC and mortgage liens, processing lien releases, maintaining collateral records, and ensuring the overall quality and integrity of the commercial loan portfolio. The Specialist will work closely with lending, documentation, loan servicing, compliance, and audit teams to ensure proper lien perfection, regulatory compliance, and adherence to bank policies and procedures. The successful candidate will possess strong analytical and organizational skills, a commitment to accuracy, and a thorough understanding of commercial lending collateral requirements.
Essential Duties and Responsibilities
Collateral Management and Lien Perfection
  • Review boarded commercial loan packages and collateral documentation to ensure the Bank's security interest is properly perfected and in compliance with established policies and procedures.
  • Audit loan files to verify proper lien position and identify missing or deficient collateral documentation.
  • Order, prepare, file, and track UCC Financing Statements, continuations, amendments, terminations, mortgages, assignments, modifications, and other collateral-related documents through approved vendors and governmental agencies.
  • Track and obtain trailing collateral documentation and maintain accurate collateral records.
  • Ensure proper filing and recording of collateral documents for loans closed without title company involvement.
  • Monitor lien expiration dates and take appropriate action to maintain perfected security interests.
Exception Tracking and Portfolio Quality
  • Maintain collateral exception reports and proactively work with lending and loan operations teams to obtain missing documentation and resolve outstanding exceptions.
  • Perform periodic collateral reconciliations between loan systems, collateral records, and supporting documentation.
  • Conduct file audits and research collateral discrepancies and system outages.
  • Remain current on documentation requirements, lien perfection standards, and regulatory requirements to maintain portfolio quality and mitigate risk.
Loan Payoffs and Collateral Releases
  • Research commercial loan relationships to determine collateral securing paid loans and verify cross-collateralization requirements.
  • Prepare full and partial payoff letters and calculate release requirements.
  • Process paid loans and prepare collateral release packages, including mortgage releases, UCC terminations, and other satisfaction documents.
  • Coordinate delivery of release documentation to customers, attorneys, title companies, and recording agencies.
Asset Monitoring and Loan Administration Support
  • Monitor Asset-Based Lending (ABL) reporting requirements, including Borrowing Base Certificates and Accounts Receivable Aging reports.
  • Track insurance coverage requirements, monitor insurance exceptions, and assist with force-place insurance processes when necessary.
  • Monitor flood insurance requirements and related documentation.
  • Assist with the monitoring of real estate tax payments and input tax information into third-party tax service systems.
  • Monitor Letters of Credit, expiration dates, and required amendments to ensure timely customer notification and processing.
Reporting, Compliance, and Audit Support
  • Prepare monthly, quarterly Loan Operations and collateral management reports.
  • Assist with appraisal invoice processing and related general ledger balancing activities.
  • Respond to internal inquiries and perform research to support timely customer service and issue resolution.
  • Assist internal auditors, external auditors, and regulatory examiners by gathering requested documentation and providing research support.
  • Support the development, implementation, and maintenance of collateral management processes and procedures to ensure compliance with regulatory requirements and industry best practices.
Additional Responsibilities
  • Participate in departmental projects, system implementations, and process improvement initiatives.
  • Cross-train within Loan Operations to provide operational support and business continuity.
  • Perform other duties and special projects as assigned.
Qualifications: Candidates for the position must possess a minimum of three years’ experience in Loan Operations/collateral services. Working knowledge of commercial loan documentation, lien perfection requirements, UCC filings, mortgage recordings, and collateral release procedures preferred. Strong understanding of commercial lending practices and collateral administration. Candidate should be detail oriented and possess strong computer skills including a comprehensive knowledge of Microsoft Excel. Team oriented, readily shares information with peers and managers; can teach others; willing to assist wherever needed; works toward team success and goals. Ability to work independently and to prioritize multiple tasks and meet deadlines in a fast paced environment. Lastly, candidates need to have excellent written and verbal communication skills, good figure aptitude and an excellent attendance record.
Benefit Information
Lakeside Bank offers a wide variety of benefit programs for our employees. We offer three Blue Cross Blue Shield medical plans: two PPO plans and one HMO plan. Our PPO dental plans are offered through Principal. The Bank subsidizes a large percentage of the monthly premiums. We also offer vision insurance through Principal VSP. Employees are able to select from single coverage, employee and spouse coverage, employee and child(ren) coverage, or family coverage levels.
The Bank provides Life/AD amp;D, short-term disability, and long-term disability insurance at no cost to the employee. We offer a variety of supplemental ancillary products, such as supplemental life insurance for employees, spouses, and/or children, accident insurance, critical illness insurance, hospital indemnity insurance, and pet insurance. Additional information on each plan can be provided upon request.
Salary Information
This is a non-exempt position. Compensation will be based on background and level of experience. The compensation range is $47,840–$79,040 based on experience.
Lakeside Bank Equal Employment Opportunity Policy:
Lakeside Bank is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.
Note: This job description is not intended to be all-inclusive. Employees may perform other related duties as assigned to meet the ongoing needs of the organization.