Loan Administrator Team LeadThe Loan Administrator Team Lead is responsible for providing guidance and technical support to Loan Closing Administrators and Associates, performing syndicated and complex commercial loan closing activities. This position requires a comprehensive understanding of loan syndications, complex and specialized commercial lending products, regulatory requirements, credit policy, collateral, insurance, and loan servicing requirements.Responsibilities include:Providing guidance and technical support to Loan Closing Administrators and AssociatesPerforming detailed due diligence for all closing requirements have been met which including but not limited to:Proper borrowing resolutions have been obtainedReviewing Outside Counsel Consistency Letter ensuring there are no exceptions and/or outstanding items to be resolved prior to closingReviewing post closing requirements and ensuring proper tracking and follow upPerforming due diligence of flood requirementsActing as liaison between escrow, title, attorneys and all interested parties to coordinate funding and closing of specialty lending loans and syndicated credit for EWB lead.Reviewing collateral support documents to ensure appropriate collateralization and proper lien position pursuant to credit approval.Reviewing CCR to determine appropriate credit approval and completed presentation to close the loanEnsuring all pre-funding conditions have been met prior to closingPerforming pre-closing review of loan documents post executionPreparing closing documents including but not limited to closing statement ensuring data accuracy and proper assignment of codes and set up post-closing requirementPerfecting all collateral including but not limited to commercial real estate, equipment, blanket liens, etc.Assisting in creating/establishing procedures in support of the loan closing admin teamSupporting other projects as assigned by the managerResponding to all internal and external customer inquiriesMay perform other duties as assignedQualifications include:Bachelor degree in finance or accounting preferred or equivalent experience5 years of experience as a commercial loan closing administrator or syndication loan servicing administratorKnowledge of all aspects of complex loan structures specifically those prepared by attorneysAbility to read and interpret complex loan agreementsThorough knowledge of all loan closing requirements and collateral perfectionStrong knowledge of core accounting system functionality / capability to onboard and service complex commercial lending productsCommercial loan accounting experience required with FIS preferredBroad knowledge of syndicated loan servicing requirementsAbility to provide excellent customer serviceAbility to multi-task, adapt quickly to changes and work effectively in a fast-paced environmentAbility to effectively communicate upward and downward, with outside attorneys, and other financial institutionsMust be a self-starter and possess positive attitude with good organizational skillsStrong sense of internal and SOX controlsThorough knowledge of Microsoft software, inclusive of Word and ExcelExcellent written and verbal communication skills requiredGood organizational, analytical and problem-solving skillsApplicants must have legal authorization to work in the United States. We do not offer visa sponsorship at this time.The base pay range for this position is USD $100,000.00/Yr.
- USD $130,000.00/Yr. Exact offers will be determined based on job-related knowledge, skills, experience, and location.