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[Remote] Commercial Loan Administrator

100% Remote Full-time Open now

Note: The job is a remote job and is open to candidates in USA. Leader Bank is looking for exceptionally dedicated team members to join one of the region’s fastest growing community banks and mortgage lenders. The Commercial Loan Administrator will be responsible for performing loan administration functions, processing all commercial loan transactions, including loan closings, and ensuring compliance with regulations. This role involves providing support to relationship managers, preparing loan documents, and maintaining high client satisfaction throughout the loan process.

Responsibilities

  • Provide Commercial Lending Support to Relationship Managers
  • Review and Fund Loans
  • Processes and administers commercial loans. Records new loans, establishes relevant files, processes loan payments, and maintains loan records
  • Calculates loan items and charges such as interest and payments
  • Assist loan officers in activities such as disbursement of funds and extension of new loans
  • Answer client inquiries on bank products, services, accounts, and policies; researches and corrects account discrepancies
  • Prepare loan documents, as needed
  • Assist with maintaining Relationship Managers portfolios – clear loan, collateral and deposit exceptions, credit exceptions, assist with past dues
  • Be able to identify clients’ operational needs and bank products/services to meet these needs and establish proficiency
  • Assist the bank's clients in all areas of the clients’ relationship with the bank, including loans, deposits, and other bank services
  • Process commercial client’s withdrawals on lines of credit, including facilitating lender approvals for such requests
  • Communicate with clients, attorneys, insurance companies, title companies, and various other professionals
  • Responsible for reconciling invoices for appraisals, flood determinations, UCC’s and familiar with OFAC
  • Work closely with Bankers, Underwriters, Commercial Loan Servicing, and legal documentation areas to ensure satisfactory closing of loans to clients with supervision
  • Have understanding and ability to review loan documentation/funding, and basic understanding of attorney prepared documents
  • Obtains additional information, as needed, to complete files
  • Completes annual E-Learning Plan and Bank Secrecy Act (BSA) training as assigned and keeps up-to-date knowledge of BSA as it relates to the job function
  • Preparing and processing construction draws as needed

Skills

  • Ability to work closely with, cooperate, and assist others
  • Accurate and attentive to detail
  • Must be highly organized and able to work independently to meet deadlines
  • High proficiency in computer skills specifically Microsoft Word, Excel, Outlook and Power Point
  • Must be able to demonstrate established competency levels for all required regulatory or compliance-related processes and/or procedures within established timeframes of appointment
  • Excellent telephone, written and verbal communication skills
  • Strong problem solving and decision-making skills
  • Ability to handle multiple tasks simultaneously
  • 1-5 years commercial lending experience preferred
  • NCino experience is a plus

Benefits

  • 401k plan with corporate match
  • Medical and dental insurance
  • Annual bonuses
  • Commissions
  • Short- and long-term incentives
  • Program-specific awards
  • Health insurance coverage
  • A team member wellness program
  • Life and disability insurance
  • A retirement savings plan
  • Paid holidays
  • Paid time off and vacation

Company Overview

  • Leader Bank is a bank personal and business banking solutions in Arlington, Massachusetts. It was founded in 2002, and is headquartered in Arlington, Massachusetts, USA, with a workforce of 201-500 employees. Its website is http://leaderbank.com.
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