About the role

  • Commercial Loan Administrator I providing support for loan closings and ensuring compliance with banking standards. Collaborating with Banking Officers and assisting commercial customers with inquiries and documentation.

Responsibilities

  • Under the direction of the Commercial Administration Assistant Manager, provide support to Commercial Banking Officers and Directors of Commercial Banking
  • Assist with organizing loan closings and pre/post-closing follow up to ensure adherence to organizational standards and regulatory requirements
  • Work directly with loan officers and commercial customers to solve problems and provide superior internal and external service
  • Collaborate with Banking Officers in all areas of commercial loan documentation and servicing to achieve departmental goals
  • Provide customer service support to commercial customers including assisting with loan advances, answering questions, problem resolution, line of credit advances and general inquiries
  • Review loan documentation before closing to ensure completeness and accuracy
  • Review loan documentation after closing, ensuring collateral documents are recorded appropriately, all signatures are collected, and files all documentation into the electronic file system
  • Work collaboratively with the designated Portfolio Manager to maintain the loan portfolio in accordance with bank policy and procedure

Requirements

  • 0-2 years of experience working in a financial/banking institution or equivalent administrative role
  • Basic knowledge of banking terminology
  • Knowledge of banking regulations pertaining to commercial lending including but not limited to HMDA, CRA, Beneficial Ownership and Reg B preferred but not required
  • Knowledge of business structures, perfection of collateral and security interests preferred but not required
  • Essential knowledge of Loan Policy, Departmental Procedures, Regulatory and Compliance issues. (HMDA, CRA, OFAC, Reg B, Flood, Beneficial Ownership etc.)
  • Knowledge of commercial lending, loan documentation and the loan closing process preferred
  • 2 year college degree preferred
  • Notary Public Certification preferred

Benefits

  • Robust medical, dental, and vision insurance packages
  • Generous time off, including paid federal holidays and paid day off for your birthday
  • 401(k) retirement savings plan
  • Tuition reimbursement, professional development, and career growth opportunities
  • Employee assistance program
  • Comprehensive wellness program

Job title

Commercial Loan Administrator, I

Job type

Experience level

Junior

Salary

Not specified

Degree requirement

Associate's Degree

Location requirements

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