Commercial Loan Administrator

The⠀Commercial⠀Loan⠀Administrator⠀I will⠀provide⠀support to⠀the⠀Relationship⠀Management⠀teams by⠀performing⠀the pre-⠀and⠀post-closing⠀tasks for⠀approved⠀commercial⠀loans by⠀collecting,⠀preparing,⠀and⠀reviewing⠀various⠀documents⠀to close⠀loans in⠀accordance⠀with loan⠀approvals,⠀policies,⠀and⠀procedures.

Essential Responsibilities:

• Prepare⠀customer⠀forms for⠀signature⠀including⠀but not⠀limited to⠀CIP forms,⠀entity⠀certification⠀forms,⠀regulatory⠀disclosure⠀forms.
• Review⠀of all⠀draft and⠀final loan⠀documents⠀to verify⠀all terms⠀and⠀conditions⠀are⠀properly⠀disclosed.
• Verify⠀all⠀pre-closing⠀conditions⠀have been⠀satisfied⠀and⠀funding/disbursement⠀calculations⠀are⠀accurately⠀documented⠀prior to⠀closing.
• Review⠀title⠀commitments,⠀insurance⠀certificates,⠀appraisal⠀reports⠀and other⠀collateral⠀items.
• Ensure⠀the loan⠀is⠀compliant⠀with bank⠀policy and⠀regulatory⠀requirements.
• Review⠀of all⠀post-closing⠀packages⠀to ensure⠀all⠀documents⠀have been⠀fully⠀signed and⠀received,⠀while⠀providing⠀follow-up⠀for any⠀outstanding⠀items⠀identified.
• Scanning⠀and⠀uploading⠀of all⠀documents⠀and forms⠀to bank⠀system in⠀accordance⠀with the⠀guide and⠀bank⠀procedure.
• Maintain⠀loan files⠀throughout⠀the life⠀of the⠀loan and⠀follow-up⠀and clear⠀exceptions⠀and⠀outstanding⠀collateral⠀items.
• Monitor⠀expiring⠀items and⠀request⠀information⠀in a⠀timely⠀manner.

Other Tasks:

• Prepare⠀loan⠀advance⠀requests.
• Prepare⠀loan⠀payoff⠀statements.
• Initiate⠀loan⠀funding⠀wires.
• Process⠀incoming⠀and⠀outgoing⠀correspondence.
• Submit⠀invoices⠀for loan⠀related⠀fees.
• Other⠀duties⠀assigned.

Qualifications Required:

The ideal candidate will have some exposure to loan processing or loan closings in a banking environment, real estate title agency, or paralegal experience. The following are required competencies for the role:

• Strong⠀organizational,⠀time⠀management⠀and⠀prioritizing⠀skills,⠀with a⠀high⠀degree of⠀accuracy⠀and⠀attention⠀to detail⠀ensuring⠀deadlines⠀are met⠀and no⠀details⠀are⠀overlooked.
• Reasoning⠀skills⠀necessary⠀to solve⠀problems⠀and⠀interpret⠀a variety⠀of⠀instructions.
• Ability⠀to⠀prioritize⠀and⠀complete⠀multiple⠀tasks⠀within⠀established⠀timeframe⠀while⠀concentrating⠀on⠀quality.
• Able⠀to⠀communicate⠀clearly⠀and foster⠀communication⠀within⠀their⠀department⠀and⠀outside of⠀the⠀department.
• Proficiency⠀with⠀Microsoft⠀Word,⠀Excel, and⠀Outlook,⠀with the⠀ability to⠀learn the⠀Bank's⠀computer-based⠀systems.

Benefits:

• 401(k)
• 401(k)⠀matching
• Dental⠀insurance
• Flexible⠀spending⠀account
• Health⠀insurance
• Paid⠀time⠀off
• Tuition⠀reimbursement
• Vision⠀insurance