Commercial Loan Administration Specialist

Job Description

Job Description

The Commercial Lending team at Seamen's Bank provides personal service and understands the Lower Cape's seasonal economy. This opportunity might be an excellent one for you if you are looking for an entryway into Commerical Lending at a reputable, successful financial institution. Summary : The Commercial Loan Administration Specialist plays a vital role in supporting the commercial lending function by performing administrative tasks, processing loan documentation, maintaining accurate records, and effectively communicating with lenders, clients, and internal departments.

Essential Duties and Responsibilities include the following:

• Supports the Commercial lending team with the various administrative functions required for the application, origination, closing, and servicing of commercial loans.
• Processes loan payments, fee payments, line of credit advances, construction advances, fee waivers and corrections.
• Prepares line of credit extension letters and processes any required system changes.
• Orders third-party documents as necessary, such as credit reports, flood determinations and environmental reviews.
• Assists in the reviews of loan closing packages received from attorneys and identifies and follows up on missing items.
• Provides the Servicing Department with preliminary data for loan boarding to the FIS system.
• Scans and indexes loan documents as necessary to FCM digital document storage.
• Maintains the UCC collateral list and processes initial filings, amendments, continuations and terminations.
• Responds to loan requests for loan pay-off information.
• Assists with the mortgage discharges and release of other liens.
• Performs other Commercial Loan Department support responsibilities including, but not limited to, assisting with generating loan documents, commitment letters, and customer correspondence as necessary.
• Understands and maintains a thorough knowledge of the bank’s commercial loan policies and regulatory compliance requirements.
• Assists with other duties as assigned.

Qualifications and/or Educational Experience: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

• Minimum Associate's degree or equivalent from a two-year college; or three years of related experience and/or training; or equivalent combination of education and experience, preferably in banking or other financial industry.
• Ability to write business correspondence and other forms of communication as may be assigned.
• Ability to effectively communicate verbally, including with third party service providers utilized by the Commercial Loan Department, such as appraisers and attorneys.
• Detailed-oriented, with strong organizational and time management skills.
• A positive and professional demeanor with a commitment to outstanding service.
• Ability to handle sensitive and confidential situations and documentation.
• Requisite mathematical skills, reasoning ability, and problem-solving capabilities.
• Proficient computer skills, including Microsoft Excel and Word, and ability to navigate and utilize commercial LOS platforms.

Supervisory Responsibilities:
This job has no supervisory responsibilities.

Physical Demands : The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

AAP/EEO STATEMENT: Seamen’s Bank is committed to a firm policy in favor of equal employment opportunity and will abide by all applicable state and federal regulations by not discriminating against any applicant or employee on the basis of race, religion, color, creed, sex, age, national origin, citizenship status, marital status, sexual orientation, gender identity and expression, disability or veteran status.

Our commitment to equal employment opportunities shall include employment, upgrading, promotion, demotion, transfer, leaves or other absences from work, layoff, compensation and benefits, selection for training or other education, professional opportunities and conflict resolution.

It is also the policy of Seamen’s Bank to take affirmative action to employ and to advance in employment, all persons regardless of their status as woman, minority or individuals with disabilities or protected veterans, and to base all employment decisions only on valid job requirements. Please inform us of any necessary accommodations required during the application process and/or at any time during employment.

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