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
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