Loan Servicing Specialist IV

1 week ago


El Monte, California, United States East West Bank Full time
Job Summary

East West Bank is seeking a highly skilled Loan Servicing Specialist IV to join our team. As a key member of our Loan Servicing department, you will be responsible for managing complex loan servicing activities, ensuring compliance with applicable laws and regulations, and providing exceptional customer service.

Key Responsibilities
  • Process commercial loan advances, payments, and recoveries, ensuring accurate and timely execution.
  • Monitor and manage LIBOR and other index repricing, ensuring proper rate resets and effective dates.
  • Manage trade finance activities, including advances, letters of credit, and trust receipts, ensuring proper availability and credit approval.
  • Set up collateral records and place holds on deposit accounts as needed.
  • Process interest reserve payments on construction loans and commercial loan demand statements.
  • Prepare wire instructions and input into the wire system, ensuring accurate and secure transactions.
  • Perform end-of-day balancing and reconcile activities with the general ledger.
  • Respond to internal customer inquiries and provide guidance and training to junior loan servicing specialists.
  • Work on special projects as assigned by manager, focusing on data accuracy and compliance requirements.
Requirements
  • Bachelor's degree in finance or accounting, or equivalent work-related experience.
  • Minimum 7 years of experience in the loan servicing industry.
  • Knowledge of BSA/AML/OFAC laws and regulations, with a strong understanding of compliance requirements.
  • Experience with credit bureau reporting and loan system management.
  • Proficient in Microsoft Office, with advanced Excel skills.
  • Excellent written and verbal communication skills, with the ability to build effective relationships.
  • Strong organizational, analytical, and problem-solving skills, with the ability to handle multiple tasks and prioritize effectively.
What We Offer

East West Bank offers a competitive salary range of $29.00-$34.00 per hour, based on job-related knowledge, skills, experience, and location. We are an equal opportunity employer and welcome applications from diverse candidates.



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