Commercial Banking Loan Specialist (4)

14 Nov 2024

Vacancy expired!

Commercial Banking Loan Specialist JOB DESCRIPTION: This will be a documentation and servicing role. Manages the administration of the portfolio of commercial banking loans that required a specialized level of service. Loan portfolio contains loan which require review of draw requests and handling of adhoc requests from commercial customers. The servicer is responsible for all aspects of the administration of the portfolio. In administering the assigned portfolio, the administrator will also need to coordinate and prioritize the activities of other members of the Loan Servicing team. The role also includes a documentation and closing component to help support our Commercial Real Estate loans, and tracking of legal documents for the business. Principal Accountabilities: Key activities and decision making areas Impact on the Business • Help manage the administration needs of a diverse, complex portfolio of commercial loans for an assigned business. • Review and understand commercial banking and commercial real estate loan terms and financial components; identify potential problems and solutions. Engage with counsel and Loan Closing to ensure proper management of documentation. • Ensure funding submissions comply with applicable internal guidelines, external regulations. • Responsible for transmittal of loan changes to Servicing to support accurate servicing of the loan. Proper servicing of the transaction ensures maximum recoverability on asset. Customers / Stakeholders • Prepare funding documentation and coordinate activities with all parties involved including syndication partners, customer's relationship managers. • Serve as a knowledge resource and subject matter expert for the business on commercial transactions. Leadership & Teamwork • Engage, manage, direct and coordinate all aspects of commercial loan administration to properly manage activity and risk in the assigned portfolio in accordance with loan documents, credit approvals, policy and credit standards. • Negotiate, maintain and enforce legal, policy and procedural components of loan documents to manage risk and maintain integrity of loan documentation. • Ensure effective communication with Relationship Managers, counsel, management and colleagues. • Coordinate activities with other parties including external legal counsel, borrower, and internal contacts and resources. Operational Effectiveness & Control • Mitigate and remedy documentation and operational risks, including serving as a screening process for issues impacting loan servicing. • Confirm that all loan paperwork is handled in compliance with Company procedures and relevant regulations. • Identify, mitigate and remedy documentation and operational risk, , document exceptions and overall quality control. • Complete other responsibilities, as assigned. QUALIFICATION DETAILS: The CMB Loan service team handles loan servicing for the core commercial banking portfolio. Also handled is the documentation component for the Commercial Real Estate portfolio. It is the central source between RM, Clients and Operations. We are looking to bring in a contractor due to an increasing portfolio size and projects being undertaken by the team. TOP must-have's 1. Organizational Skills 2. Customer service 3. Project Management, but no people management. Organizing and prioritizing tasks. 4. Insurance review background in commercial mortgages 5. Full life cycle loan knowledge 6. Basic understanding of Microsoft suite Diploma, some college preferred. This role has opportunity for permanent placement and will give this candidate and excellent opportunity to work with other teams.

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  • ID: #22727008
  • State: New Jersey Weehawken 07086 Weehawken USA
  • City: Weehawken
  • Salary: USD TBD TBD
  • Job type: Contract
  • Showed: 2021-11-14
  • Deadline: 2022-01-12
  • Category: Et cetera