Senior Commercial Loan Administrator

3 weeks ago

South Weymouth, United States South Shore Bank Full time

Job Type

Full-time

Description

Join the Bank that shares success with others As a locally managed mutual bank, South Shore Bank is driven by the needs of communities rather than the demands of investors. You can help us serve as a trusted advisor to the people, businesses and organizations that make our communities stronger. We also provide a competitive benefit package with Medical, Dental, Vision, Flexible Spending, Dependent Care, Child Care Subsidy, Retirement, Life Insurance, and many other benefits.

Under the supervision of the Commercial Loan Administration Manager, performs a variety of loan administration support for Small Business and Commercial Relationship Managers. Undertakes responsibility for accurate compliance and government reporting regulations. Assists with the preparation, coordination, and prioritization of the overall workflow in connection with Small Business and Commercial loan activity. Assists with pre-closing, closing, and post-closing functions to facilitate funding, closing, and booking of commercial and small business loans.

ESSENTIAL DUTIES

  • Manages individual and shared queues within the loan origination system to ensure proper pre-closing, closing, and post-closing functions are complete to facilitate accurate and timely loan closing and booking.
  • Demonstrates strong organizational skills and ability to work independently.
  • Maintains strong communication with the many parties involved with loan closing, both internal and external partners. Prepares bank, attorney, and customer correspondence.
  • Works with Loan Servicing to update core system with customer's information, monetary transactions, and account maintenance, as necessary. Works with Quality Control to coordinate with Relationship Managers for correction of any deficiencies.
  • Gathers and reports information as required by governing compliance and government regulations.
  • Reports HMDA information in the HMDA Wiz program.
  • Utilizes LaserPro for a variety of small business loans.
  • Contributes to creation and updates of department policies, procedures, and checklists.
  • Provides guidance and training for new Commercial Loan Administrators.
  • Obtains and reviews borrower information from third party reporting services such as OFAC, FIS/e-funds, AML/Patriot Act, First Advantage, Environmental and Flood Searches.
  • Ensures filing of UCC-1 and RMV-1 Applications with necessary State departments.
  • Maintains correspondence with SBA regarding SBA Guaranty Fee payments.
  • Maintains MassCap portfolio information and process fees.
  • Responds to customer's requests as to advances, payments, and transfers.
  • Participates in weekly pipeline/department meetings.
  • Payment of bills pertaining to outside vendors, i.e., Experian, CBC Flood Searches, environmental searches, attorneys, and appraisals.
SECONDARY DUTIES
  • General administrative tasks may include typing, faxing, copying, ordering of office supplies, telephone correspondence, filing, etc.
  • Stays current on mortgage and consumer credit and collection laws.
  • Attends various meetings and seminars related to job.
  • Involvement in community/banking groups.

COMPLIANCE:

Maintain an excellent understanding of applicable regulations and laws including but not limited to: Fair Lending, Home Mortgage Disclosure Act (HMDA), Flood Disaster Protection Act, Fair Credit Reporting Act (FCRA), Regulation Z (Truth in Lending), Real Estate Settlement etc. Real Estate Settlement Procedures Act (RESPA), Community Reinvestment Act (CRA), Bank Secrecy Act, Regulation P (Privacy of Consumer Financial Information), Service Members Civil Relief Act of 2003, Unfair, Deceptive and Abusive Acts and Practices (UDAAP), etc. Maintain an up to date understanding of bank policies and procedures as they relate to compliance.

Consider this description to be the foundation of your job, not its boundaries. Expect to participate in internal and external training sessions and activities not described here which enhance the quality of service to the client.

Requirements

QUALIFICATIONS

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. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

EDUCATION and/or EXPERIENCE

Bachelor's degree (B. A.) or graduate of a Paralegal program; plus, five years related experience, or a minimum of 10 years related work experience, including past supervisory experience.

TECHNICAL SKILLS

Good knowledge of Adobe Acrobat, Microsoft Office applications including general and intermediary Word and Excel skills for creating letters, templates, and spreadsheets. nCino and LaserPro experience is a plus.

LANGUAGE SKILLS

Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.

MATHEMATICAL SKILLS

Ability to calculate figures and amounts such as fees, interest, amortization, escrow, insurance requirements, GL entries, loan funding, and loan payoffs. Ability to apply concepts of basic algebra and geometry.

REASONING ABILITY

Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.

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.

While performing the duties of this Job, the employee is regularly required to sit and talk or hear. The employee is occasionally required to stand, walk, use sufficient hand, arm, and finger dexterity, or feel objects, tools, or controls. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision.

WORK ENVIRONMENT: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is occasionally exposed to outside weather conditions. The noise level in the environment is usually moderate.

KEY POINTS

It has been and will continue to be the policy of South Shore Bank to be an Equal Opportunity Employer. We provide equal opportunity to all qualified individuals regardless of race, sex, color, religious creed, religion, national origin, citizenship status, age, disability, pregnancy, ancestry, military service, or veteran status, genetic or carrier status, marital status, sexual orientation, or any classification protected by applicable federal, state, or local laws.

At South Shore Bank, we believe that diversity and inclusion are critical to our future and our mission - creating a foundation for a creative workplace that leads to innovation, growth, and profitability. We believe in Shared success and We before Me. Through a variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.

Salary Description

$26.15 - $39.22

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