Loan Servicing Specialist

4 days ago


New York, New York, United States Amalgamated Bank of NY Full time

Amalgamated Bank is seeking a highly skilled professional to manage the end-to-end loan servicing process for Commercial, Industrial, Commercial Real Estate, and Small Business loans.

The ideal candidate will ensure compliance with Bank's policies and procedures, as well as Loan Servicing requirements.

Key responsibilities include verifying accuracy of monetary transactions, performing loan-related maintenance, and checking data integrity of MIS reporting.

The successful candidate will be responsible for obtaining approval and disbursing funds as requested, maintaining detailed records of actions, and performing all monetary postings and General Ledger reconciliation.

Additionally, the candidate will review and interpret loan information, book loans on system in accordance with documents and Booking Approval Executed Form, and assist with quality control of system input and work with loan officers to resolve discrepancies as required.

The Loan Servicing Specialist will also be responsible for reviewing, monitoring, and tracking receipt of documents and collateral, conducting proactive administrative duties on the Lead Loan, and interacting directly with attorneys, agents, and sponsors.

Key qualifications include a BA degree or equivalent experience, five to ten years of Commercial Lending experience, knowledge of accounting, and proficiency using Microsoft Excel, Word, PowerPoint, and Access Database.

The starting base salary for this role is between $70,000 - $80,000, and the actual base pay is dependent upon many factors, such as training, transferrable skills, work experience, business needs, and market demands.

Amalgamated Bank is an Equal Opportunity and Affirmative Action Employer, Minorities / Females / Individuals with Disability / Veterans. AmeriCorps, Peace Corps, and other national service alumni are encouraged to apply.



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