Job Opportunity: Commercial Loan Administrator

Excellent Opportunity!

Commercial Loan Administrator

this function is responsible for the closing of commercial loans, to satisfy due diligence requirements and ensure compliance with company policies, procedures, credit approval and government regulations. The Senior Loan Administrator ensures data integrity along with closing responsibilities with a high-volume pipeline of all commercial loan types relative to the line of business supported including but not limited to CRE, C&I, Construction, Bought/Sold Participations, SWAPs and other complex specialized transactions. this job offer serves as the first line of defense and internal control point of high risk area that directly impacts the Bank’s capability to maintain regulatory requirements and standards that comply with credit policy.

Essential tasks and Job Responsibilities:

»Responsible for moving the loan process from approval to funding in conformity with bank polices procedure and regulatory requirements.

»Work with lender to understand transactions and make sure that all significant documentation is obtained to facilitate a timely closing. Act as liaison between lender, bank counsel and title companies.

»Analyze internal bank loan approval to determine required due diligence and documentation for each loan transaction ensuring documentation accurately reflects the intentions of the credit approval.

»Order all searches including flood and reviewing to ensure compliance with bank policy procedures and regularity requirements, including collateral valuations and reviewing of same to clear issues. Review and ensure all required insurance including flood in sufficient and in compliance with regulations.

»Assembles and verifies loan documents for accuracy. Reviewing of documentation to ensure that all standard provisions are included and resolve issues that might impede closing using judgement to involve manager and internal counsel when required

»Coordinate pre-closing requirements with internal and external clients, prepare internal pre-closing and post-closing checklists.

»Confirm all conditions of approval have been met and scheduled closings. Preparing fees, set rate and provide payment info to attorney, reviewing settlement statements and preparing funding wires.

»Complete post-closing steps to ensure that all necessary documentation is received. Follow up and clearing loan document exceptions, approved post-closing documentation and receipt of filed and recoded documents.

»Assemble Credit Files in conformity with the Banks established digital imaging procedures.

»Provide back up to Loan Operations functions and other special projects as assigned.

EDUCATION, CERTIFICATION, practice:

»Minimum 1-2 years-practice in loan administration, loan servicing or other Banking.

» expertise of loan administration activities and terminology

»Familiarity with all phases of loan processing.

»Loan documentation practice and basic credit expertise required.

»Strong communications expertise, with the capability to communicate effectively verbally and in writing.

»Excellent organizational, time management, and analytical expertise.

»Strong attention to detail.

» expertise of commercial real estate, construction, business and loan documentation.

» expertise of State, Federal, and general banking compliance requirements and regulations.

» expertise of Fiserv Premier, Laser Pro, or Abrigo loan systems.

»Excellent Microsoft Excel & Word expertise.

expertise, expertise, ABILITIES:

»Reviewing entities documents, such as operation agreements for LLC, by laws for corporations, articles of organization, limited partnership, and structuring signature blocks in documents

»Preparing, reviewing, drafting, and auditing commercial loan documents

» capability to generate all required loan documentation within the expected service level. This includes working with third parties such as title companies, legal counsel, etc.

» expertise of banking industry regulations as well as internal processes and controls, procedures and workflow specifically in loan and commercial closings.

» capability to operate effectively in a team environment as well as be able to work independently.

» capability to meet deadlines and work in a fast paced environment and demonstrate a proven track record of multi-tasking with a strong sense of urgency.

»Must be detail oriented and organized with excellent follow up, written and verbal expertise.

»Demonstrate capability to apply required regulatory and policy requirements when making decisions

WORK ENVIRONMENT:

»Office Environment

PHYSICAL DEMANDS :

»Must be able to lift a minimum of 25lbs

Special Note:
External and internal candidates, as well as position incumbents, must be able to execute the essential job functions as set forth above. Orange Bank and Trust Company is committed to a policy of Equal Employment Opportunity and will not discriminate against an applicant or employee on the basis of age, sex, sexual orientation, race, color, creed, religion, ethnicity, national origin, alienage or citizenship, discapability, marital status, military or veteran status or any other legally-recognized protected basis under federal, state or local laws, regulations or ordinances.
Upon request, individuals with disabilities may be entitled to a reasonable accommodation. A reasonable accommodation is a change in the way things are normally done that will ensure an equal employment opportunity without imposing an undue hardship on the bank. Please inform the Human Resources Department if you need assistance completing any forms or to otherwise participate in the application process or, at the appropriate time, to execute the essential functions of the job.
This job description in no way states or implies that these are the only tasks to be performed by an employee. Additional functions and requirements may be assigned by managers as deemed appropriate, located on the employee’s expertise, skill and capability as well as his/her mental and physical abilities.