Essex Bank Commercial Loan Administrator

Qualified individuals must be able to manage multiple tasks, such as:

• Prepare internally generated commercial closing packages, modifications and administrative extensions, and checking files for completeness.
• Perform computer-related work to establish loans online.
• Coordinate and complete all due diligence, pre-closing, and post-closing conditions, including but not limited to OFAC checks, UCC filings, and condition tracking.
• Prepare and process loan advances and payments for construction loans and lines of credit.
• Stay abreast of regulatory requirements for proper loan documentation.
• Provide administrative support to Commercial Loan Officers in commercial loan origination and commercial loan servicing issues, including but not limited to: Loan Officer checklists, insurance and collateral requirements, commitment letters, interfacing with customers, and other functions assigned.
• Provide quality customer service to both internal and external customers as it relates to commercial lending.
• Maintain online systems and internal reports, and prepare reports for management.
• Maintain various daily, weekly, and monthly Commercial reports such as: Insurance tracking, UCC Expiration, Pending Documents, Colson Report (SBA), Past & Future Maturities, Life Insurance, and Summary of MTD Loan Activity.
• Balance the Commercial Fees in the Process General Ledger account report.
• Assist the Vice President – Loan Administration Manager with general Loan Administrative support in the following areas:
  • Conducting internal audits and regulatory compliance examinations.
  • Keeping up-to-date with regulatory changes (i.e., attending webinars/seminars as necessary, etc.).
  • Loan administration projects (i.e., new Loan Operating System (LOS) upgrades, etc.).
  • Loan department reports, including but not limited to: Month End Reporting, Rate Survey, and Quarterly Board Reporting.
• Assist with loan department compliance management review in addition to assisting with CRA, HMDA and other regulatory reports as required.
• Be responsible for all independent residential and commercial appraisal review functions.
• Perform other duties as assigned.

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed are representative of the knowledge, skill, and/or ability required. Incumbent must stay abreast of regulatory requirements for proper loan documentation. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education and/or Experience

• Bachelor’s degree (Preferred). Will consider High school degree and three years related experience and/or training; or equivalent combination of education and experience.
• Banking Loan Operations: 3 years (Preferred)
• Document Management: 3 years (Preferred)
• Working knowledge of all aspects of commercial and real estate loan documentation and regulatory requirements.
• Knowledge of all business types. (Corps, Trusts, LLP, LLC, etc.)
• Knowledge of debit/credit transactions.
• Sound knowledge of Word, Excel, loan software, and data center software required to perform this job successfully.
• Familiarity with real estate appraisals a plus.

Disclaimer

The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to the job.

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.