Loan Assistant

People Drive Our Success

Are you enthusiastic, highly motivated, and have a strong work ethic? If yes, come join our team At Cathay Bank – we strive to provide a caring culture that supports your aspirations and success. We believe people are our most valuable asset and we proudly foster growth and development empowering you to achieve your professional goals. We have thrived for 60 years and persevered through many economic cycles due to our team members' drive and optimism. Together we can make a difference in the financial future of our communities.

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General Summary
Under some supervision and following established policies and department procedures, provide loan support to the assigned Loan Officers.

Essential Functions

• Order and/or update the appraisal report, title premium or date down, environmental report, and field audit request prior to new loan entry to nCino or line renewal/amendment.
• Collect and input data, loan structures, covenants, and borrower's information to nCino for new loan/renewal/annual review/amendment/modification as assigned by the account officer before circulating to underwriters.
• Prepare routine portfolio or other reports for the designated officer.
• Assist with various account monitoring activities including following up on financial reporting, exception items, and past due loan collection with borrowers.
• Coordinate and circulate linesheet exception to AO, team manager and/or senior management for approval.
• Coordinate past due insurance tracking and follow-up with insurance agent for renewal. Upon receipt of the updated insurance, circulate to LSD for record.
• Follow-up on fire insurance.
• Image documents to Vision Content; confirm the Imaging Department has uploaded legal documents correctly.

Qualifications

• Education: College degree in accounting or business preferred but not mandatory.
• Experience: 1-2 years' experience, preferably in loan administration or commercial lending. nCino experience is preferred.
• Skills/Ability: PC proficient and detail oriented. Strong verbal and written communication skills. Bilingual (English/ Mandarin or Cantonese) is a plus.

Other Details
$20.00 – $24.04 / hour

Pay determined based on job-related knowledge, skills, experience, and location.

This position may be eligible for a discretionary bonus.

Cathay Bank offers its
full-time
employees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes, coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k).

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Cathay Bank is an Equal Opportunity and Affirmative Action Employer. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex (including pregnancy and related medical conditions, childbirth and breastfeeding), reproductive health decision-making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law.

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