Commercial Loan Administrator II in Hamilton, New Jersey at FIRST BANK
Job Description
Position Summary:
The Commercial Loan Administrator II provides high-qualitysupport to the Relationship Management teams by coordinating pre-closing andpost-closing activities for approved commercial loans. This role is responsiblefor collecting, preparing, reviewing, and monitoring required documentation to ensureloans are closed and maintained in accordance with approvals, bank policies,and regulatory requirements.
The ideal candidate must be a self-starter who is proactive in identifyingand resolving issues, meeting deadlines without reminders, and supporting teampriorities with a positive, service-oriented approach. This position requiresstrong attention to detail, effective communication skills, sound judgment,teamwork, and the ability to manage multiple priorities in a fast-pacedenvironment.
Essential Responsibilities:
· Preparecustomer forms for signature, including but not limited to CIP forms, entitycertification forms, and regulatory disclosure forms.
· Reviewtitle commitments, insurance certificates, appraisal reports, and othercollateral-related documentation.
· Reviewdraft and final loan documents to verify that all terms and conditions areaccurately disclosed.
· Confirmloan files, documentation, and closing activities comply with bank policy,procedures, and applicable regulatory requirements.
· Verifyloan funding and disbursement calculations are accurately documented prior toclosing.
· Reviewpost-closing packages to ensure all required documents have been fully executedand received and follow up on any outstanding items identified.
· Maintainloan files throughout the life of the loan, including following up on andclearing exceptions and outstanding collateral items.
· Monitorexpiring items and request updated information in a timely manner.
Other Tasks:
· Prepare loan advance requests inaccordance with established procedures.
· Generate loan payoff statements uponrequest.
· Process incoming and outgoingcorrespondence related to loan files.
· Initiateloan funding wires.
· Submitinvoices for loan-related fees.
· Performother related duties as assigned.
Qualifications:
The ideal candidate will have years of exposure to loanprocessing or loan closings in commercial loan administration, real estatetitle agency, or paralegal setting.
TheCommercial Loan Administrator II is expected to demonstrate strong knowledge ofcommercial loan closing processes and apply sound judgment in completing workaccurately, efficiently, and with minimal supervision. Successful performancein this role requires consistent ownership of assigned responsibilities,proactive problem-solving, effective collaboration, and dependablefollow-through.
Core Competencies:
· Takes on a leadershiprole and contributesto overall team productivity and supports departmental goals.
· Completesassigned responsibilities accurately, efficiently, and within establishedtimelines.
· Maintainsquality of work under pressure and demonstrates initiative when priorities ordeadlines shift.
· Demonstratesflexibility and a willingness to assist with additional work as needed.
· Communicatesclearly and professionally with internal and external business partners.
· Identifiesopportunities to improve department processes and recommends practicalsolutions.
· Providesresponsive and professional service to internal and external customers.
· Servesas a reliable resource to team members, customers, and supervisors.
· Usessound reasoning skills to solve problems and interpret instructions,procedures, and documentation requirements.
· Demonstrates proficiency with Microsoft Word, Excel, andOutlook, with the ability to learn the Bank's computer-based systems.
Educationand/or Experience:
· HighSchool diploma or equivalent required.
· One(1) to three (3) years of related experience in commercial loan administration,commercial lending, or a title company environment is required.
· Thisis an experienced position requiring working knowledge of commercial loanclosing processes.
Scan to Apply
Just scan this QR code to apply from your phone.
- Fast
- Easy
- Apply on the go