Commercial Loan Administrator in Newburyport, Massachusetts at River Run Services LLC

River Run is a shared services organization that supports banking affiliates, Newburyport Bank, Pentucket Bank and Rollstone Bank & Trust.

As a Commercial Loan Administrator, you'll play a key role in the commercial lending process by coordinating loan closings from approval through funding while ensuring compliance with Bank policies and regulatory requirements.

Essential Job Functions

• Coordinate all aspects of commercial loan closings with lenders, credit analysts, portfolio managers, attorneys, and loan servicing.
• Perform pre-closing due diligence including flood determinations, UCC searches, Secretary of State filings, insurance reviews, tax escrow calculations, and regulatory documentation.
• Prepare commercial loan documentation including notes, mortgages, loan agreements, modifications, and related closing documents.
• Review attorney-prepared documents for accuracy and ensure loan documentation matches approved terms.
• Process SBA loan documentation and support SBA loan closings.
• Prepare and maintain commercial construction loan files and coordinate third-party construction monitoring.
• Procure and perfect collateral including UCC filings and vehicle titles.
• Assemble and prepare legal files for post-closing review, boarding, and quality control.
• Collaborate with Loan Officers and Portfolio Managers to resolve issues and obtain post-closing documentation.
• Maintain commercial credit files and provide documentation for audits and examinations.
• Deliver exceptional customer service by responding promptly to borrower and internal partner inquiries.
• Support Commercial Lenders with loan servicing and administrative functions.
• Ensure compliance with all applicable regulations, Bank policies, and Bank Secrecy Act (BSA) requirements.

Qualifications, Experience, and Education

• High school diploma or equivalent required.
• Minimum of 2 years of relevant experience in commercial loan administration, loan processing, loan closing, banking operations, or a related legal/paralegal role.
• Experience with commercial loan products, including Commercial Real Estate (CRE), Commercial & Industrial (C&I), and SBA lending, preferred.
• Ability to coordinate loan closings, prepare documentation, and support lenders and internal partners.
• Experience in commercial lending, loan administration, loan documentation, loan processing, or a related banking/legal role.
• Knowledge of commercial loan documentation, closing processes, and lending operations.
• Strong organizational skills with exceptional attention to detail and the ability to manage multiple priorities.
• Strong communication, problem-solving, and customer service skills.
• Proficiency with Microsoft Office and banking systems.

River Run Services, LLC is an Equal Opportunity Employer and all qualified applicants will receive consideration for employment without regard to race, color, ancestry, national origin, gender, sexual orientation, marital status, religion, age, disability, gender identity, results of genetic testing or service in the military.

If you are an individual with a disability and require a reasonable accommodation to complete the application process, you may contact Human Resources at hr@riverrun.com or call 978-462-3136.

Compensation is determined based on the role hired for.

The salary range represents an estimate based on market data for this position. Final compensation decisions are made based on experience, skills, and internal equity to ensure fairness and consistency across our organization.

Salary Description.