Senior Commercial Loan Administrator

Seattle⠀Bank is a⠀locally⠀owned,⠀digitally⠀driven⠀financial⠀institution⠀that⠀provides⠀personal,⠀business⠀and⠀partner⠀banking⠀services⠀and the⠀website,⠀CD Valet.⠀Our⠀experienced⠀team and⠀open API,⠀cloud-based⠀core⠀technology⠀platform⠀deliver a⠀boutique⠀bank⠀experience⠀for⠀clients⠀with⠀interwoven⠀personal⠀and⠀business⠀financial⠀needs. Our⠀highly⠀configurable⠀and⠀scalable⠀tech stack⠀also⠀supports⠀partner⠀banking⠀that⠀enables⠀companies⠀to embed⠀banking⠀transactions⠀into their⠀customer⠀online⠀experience.⠀Seattle⠀Bank’s⠀most⠀recent⠀innovation⠀is CD⠀Valet, a⠀new online⠀marketplace⠀that⠀connects⠀consumers⠀to⠀financial⠀institutions⠀to compare⠀and open⠀Certificates⠀of Deposit⠀(CDs) with⠀the most⠀competitive⠀rates and⠀terms⠀nationwide.⠀Seattle⠀Bank is a⠀wholly⠀owned⠀subsidiary⠀of Seattle⠀Bancshares,⠀Inc., a⠀privately⠀held bank⠀holding⠀company.⠀Visit⠀Seattle⠀Bank for⠀more⠀information.

Position⠀Summary

The⠀position⠀of Senior⠀Commercial⠀Loan⠀Administrator⠀is⠀responsible⠀for⠀administering⠀the⠀Bank’s⠀commercial,⠀construction⠀and⠀consumer⠀loan⠀portfolio⠀by⠀partnering⠀with⠀Relationship⠀Managers,⠀Credit⠀Administration⠀and Loan⠀Operations⠀to⠀process,⠀document,⠀book, fund⠀and⠀service⠀all new⠀commercial,⠀construction⠀and⠀consumer⠀loans.

Essential Duties

• Prepares⠀loan⠀documentation⠀for all⠀types of⠀loans to⠀include⠀commercial,⠀construction⠀and⠀consumer⠀loans⠀while⠀ensuring⠀compliance⠀with the⠀credit⠀approval,⠀policies,⠀laws and⠀regulations.
• Board⠀new and⠀renewed⠀loans⠀accurately⠀and⠀timely,⠀disburse⠀loan⠀funds, and⠀maintain⠀organized⠀electronic⠀collateral⠀files.
• Acts⠀on items⠀affecting⠀the⠀disbursement⠀process,⠀including⠀change⠀orders,⠀sufficiency⠀of funds,⠀liens, set⠀asides,⠀restricted⠀starts,⠀etc.
• Order⠀and review⠀third⠀party⠀reports⠀based on⠀collateral⠀type to⠀include⠀title⠀commitment⠀policy,⠀flood⠀determinations,⠀environmental⠀reports,⠀UCC⠀searches⠀and tax⠀monitoring.
• Analyzes⠀title⠀insurance⠀commitment⠀reports⠀for⠀acceptability⠀and⠀required⠀endorsements⠀to meet⠀bank⠀guidelines.⠀Coordinate⠀the⠀clearing⠀of title⠀issues/exceptions⠀that need⠀to be⠀removed⠀and⠀prepares⠀title/escrow⠀instructions.
• Ensures⠀that the⠀bank’s⠀lien⠀position⠀on⠀collateral⠀has been⠀accurately⠀and timely⠀perfected⠀and⠀protected⠀through⠀UCC⠀filings,⠀Deed of⠀Trust⠀recordings,⠀and⠀assignment⠀of⠀applicable⠀insurance⠀policies.
• Coordinate⠀complex⠀loan⠀deals,⠀including⠀working in⠀partnership⠀with⠀Relationship⠀Managers,⠀customers,⠀attorneys,⠀appraisers,⠀title⠀company⠀representatives⠀and other⠀applicable⠀parties⠀during all⠀phases of⠀the loan⠀closing.
• Manages⠀and⠀monitors⠀loans on⠀an⠀ongoing,⠀day-to-day,⠀and⠀transactional⠀basis⠀working in⠀close⠀partnership⠀with the⠀Relationship⠀Managers,⠀customers⠀and Loan⠀Operations⠀team.
• Participates⠀in the⠀preflight⠀generation⠀process⠀with the⠀Relationship⠀Managers⠀and Credit⠀Administration⠀to ensure⠀that all⠀documentation⠀requirements⠀are⠀identified⠀before⠀approval.
• Mentor⠀and train⠀junior⠀Loan⠀Administrators.
• Assist⠀Loan⠀Operations⠀Manager⠀with⠀special⠀projects⠀related to⠀streamlining⠀loan⠀workflow,⠀procedures⠀and⠀systems.
• Provides⠀reports⠀and files⠀as needed⠀for⠀Management,⠀Auditors,⠀Regulators⠀and/or the⠀Board as⠀necessary.
• Follows⠀all Bank⠀policies,⠀procedures,⠀compliance⠀regulations⠀and⠀training⠀requirements.

• Minimum⠀five (5)⠀years of⠀experience⠀in⠀processing,⠀preparing⠀loan⠀documents,⠀booking,⠀funding⠀and⠀servicing⠀all types⠀of⠀commercial⠀and⠀consumer⠀loans.
• Minimum⠀five (5)⠀years of⠀experience⠀in⠀reviewing⠀business⠀entity⠀documents⠀for⠀completeness⠀and⠀accuracy.
• Bachelor’s⠀degree⠀(BA) or⠀equivalent⠀from a⠀four-year⠀college or⠀university⠀preferred.
• Demonstrated⠀ability to⠀analyze⠀title⠀policies,⠀environmental⠀reports,⠀flood⠀determination,⠀insurance⠀requirements,⠀and UCC⠀filings.
• Strong⠀knowledge⠀and⠀experience⠀in using⠀the⠀LaserPro⠀system⠀required;⠀previous⠀Finastra⠀Phoenix⠀loan⠀software⠀system⠀experience⠀preferred.
• Loan⠀administration⠀experience⠀with⠀knowledge⠀of⠀borrowing⠀based⠀lending,⠀construction⠀lending,⠀letters of⠀credit,⠀and⠀multiple⠀collateral⠀properties.
• Strong⠀organizational⠀skills⠀with the⠀ability to⠀work on⠀multiple⠀projects⠀requiring⠀flexibility⠀with⠀changing⠀priorities⠀and⠀ability to⠀prioritize⠀to meet⠀deadlines.
• Knowledge⠀of related⠀state and⠀federal⠀banking⠀compliance⠀regulations,⠀bank⠀operational⠀and⠀lending⠀policies⠀and⠀procedures,⠀and the⠀bank's⠀products⠀and⠀services,⠀including⠀applicable⠀lending⠀regulations.
• Exceptional⠀verbal,⠀written⠀and⠀interpersonal⠀communication⠀skills⠀with the⠀ability to⠀apply⠀common⠀sense to⠀carry out⠀instructions⠀and⠀instruct⠀others,⠀train⠀personnel,⠀read,⠀analyze⠀and⠀interpret⠀documents⠀and⠀professional⠀journals,⠀understand⠀procedures,⠀write⠀reports,⠀correspondence⠀and⠀procedures,⠀speak⠀clearly to⠀customers⠀and⠀employees.
• Proficiency⠀with⠀personal⠀computers⠀and⠀related⠀software⠀packages⠀such as⠀Word and⠀Excel.
• Excellent⠀organizational⠀and time⠀management⠀skills.

Seattle Bank Benefits

We’re⠀committed⠀to⠀delivering⠀our⠀promise of⠀peace of⠀mind to⠀our⠀clients.⠀But⠀we’re⠀also⠀committed⠀to our⠀team⠀members.⠀We have⠀intentionally⠀designed a⠀culture⠀and work⠀space that⠀are highly⠀collaborative,⠀inclusive⠀and⠀supportive.⠀We believe⠀in the⠀value of⠀each team⠀member and⠀offer a⠀full range⠀of⠀benefits⠀and perks⠀designed⠀to support⠀both your⠀personal⠀and⠀professional⠀goals. Our⠀comprehensive⠀benefits⠀program⠀for⠀eligible⠀employees⠀includes:

• Medical,⠀Dental and⠀Vision⠀insurance
• Employee⠀Assistance⠀Program⠀(EAP),⠀Life⠀Insurance,⠀Long Term⠀Disability,⠀Voluntary⠀Life
• 401K⠀with Bank⠀contribution
• Paid⠀Vacation⠀– 3⠀Weeks
• Paid⠀Sick Time⠀– 1 hour⠀per 40⠀hours⠀worked
• Paid⠀Holidays⠀– 10⠀days
• Stock⠀Options
• Annual⠀Bonus
• Transportation⠀Benefits
• And⠀fun, extra⠀perks such⠀as company⠀socials⠀and⠀lunches,⠀team⠀development⠀activities,⠀bank⠀sponsored⠀volunteer⠀opportunities,⠀paid⠀volunteer⠀hours,⠀quarterly⠀incentive⠀awards,⠀and⠀professional⠀development⠀opportunities.