Top 4 Senior loan processor Jobs in Boston, Ma

Senior Commercial Loan Administrator
Webster Bank —Boston, MA
- $90,000 - $110,000 a year
- Full-time
- Bachelor of Science
- Microsoft Office
- Math
Senior Loan Closer - CDF (Remote - MA, NC)
First Citizens Bank —Boston, MA
- $77,000 - $100,000 a year
- Full-time
- Remote
- High school diploma or GED
- Bachelor's degree
- Mentoring
Sr. Lending Assistant
Beacon Bank —Boston, MA
- $25.00 - $43.51 an hour
- 5 years
- Writing skills
- Office
1d
Senior Commercial Lending Administrator
Jeanne D Arc Credit Union —Lowell, MA
- $24.57 - $36.86 an hour
- Full-time
- Microsoft Excel
- Microsoft Outlook
- Basic math
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senior loan processor jobs near boston, ma

Senior Commercial Loan Administrator

Webster Bank -
Boston, MA

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Job Details

Full-time
$90,000 - $110,000 a year

Qualifications

Closing coordination
Data integrity assurance
Debt covenant compliance
Commercial banking expertise
Contract documentation review
Contract review
Financial services customer support
Financing agreements
Compliance with loan regulations
Serving clients
Bachelor of Science
Regulatory compliance
Metrics Reporting
Improving operational efficiency
Microsoft Office
Quality reports
Quality control data reporting
Data integrity and documentation
Key Performance Indicators
Salesforce Cloud
Math
Data quality monitoring
Compliance documentation
Coordination (loan closing)
Debits & credits
Post-closing quality control (loan processing)
Desktop applications
Loan operations reporting
Management reporting
CRM system proficiency

Full Job Description

Job Details

Career area

Loan Operations

Position Type

Location

420 Huntington Avenue, Boston, MA 02115, United States

Job ID

R26_0000000496

1 Anywhere St, Boston, Massachusetts, 02108, USA

If you’re looking for a meaningful career, you’ll find it here at Webster. Founded in 1935, our focus has always been to put people first-doing whatever we can to help individuals, families, businesses and our colleagues achieve their financial goals. As a leading commercial bank, we remain passionate about serving our clients and supporting our communities. Integrity, Collaboration, Accountability, Agility, Respect, Excellence are Webster’s values, these set us apart as a bank and as an employer.

Come join our team where you can expand your career potential, benefit from our robust development opportunities, and enjoy meaningful work!

The Commercial Loan Administrator (CLA) is a full-time role that reports into Webster's Commercial Bank Middle Office. The role is customer focused supporting pre-closing, regulatory, and closing activities on originations and higher-level portfolio servicing requests, working closely with the Lending Teams and Operations to deliver high quality closings and exceptional customer experiences. The role ensures commercial loan closings are complete, accurate, and in accordance with Webster Bank's credit policies and procedures. The role will be aligned with line of business segments, supporting Relationship Managers, Portfolio Managers, and Underwriters while working closely with Operation and Deposit Services partners.

What you will do

Conduct quality control reviews of commercial loan documentation to ensure data integrity, accuracy, and consistency to loan boarding sheets and all related loan systems
In conjunction with the LOB, review draft loan documents to ensure alignment with bank policy, credit approval terms, and loan system compatibility
Support internal audit and compliance partners by producing samples to support targeted reviews
Leverage insights from quality control reviews to recommend updates to procedures to enhance operational efficiency
Provide data inputs key performance indicators (KPI) reporting to monitor adherence to quality control standards
Follow-up on missing & pending items as well as ongoing documentation such as expired or cancelled insurance (work with operations to ensure timely force placement as necessary)
Assist PM’s if needed with follow-ups for other types of ticklers – financial statements, covenants, manual tax monitoring, etc.
Assist PM’s with client due diligence requirements (i.e. Credit report pulls, loan confirmations)
Support “lighter touch” customer requests (i.e. balance inquiries, loan statement requests, interest rate options, extensions, etc.), working with the LOB to approve and Operations to execute
Review advance requests and circulate for approval, and submit to Loan Operations for processing
In alignment to bank policy and procedures, coordinate internal loan system administrative coding changes with Loan Operations
Work on internal projects to improve the lending process, enhance/expand middle office capabilities, and support the Lines of Business & Operations

Skills and Abilities

Strong interpersonal and customer service skills to interact with lending teams, operations partners, attorneys, and borrowers
Strong understanding of commercial lending process, compliance & regulations, loan types/products/structures, etc.
High confidence in reviewing and understanding legal loan documents and contract terms (paralegal experience is a plus)
Ability to multitask and manage multiple transactions and servicing requests, simultaneously
Basic understanding of loan & lending systems (i.e., Signature, ACBS, Loan IQ, Sageworks LOS, Salesforce, etc.) and proficiency in Microsoft Applications
Fundamental math/accounting/finance skills to understand debits, credits, balancing, amortization schedules, etc.

Education Qualifications

Bachelor’s Degree in Arts/Sciences (BA/BS) from an accredited college or university preferred.

Experience Qualifications

5-7 years Prior paralegal, commercial lending loan administration, and/or closing experience on $10MM-$50MM+ commercial transactions within borrower segments (C&I, CRE, Sponsor & Specialty, ABL, etc. ) required

The estimated salary range for this position is $90,000.00 to $110,000.00. Actual salary may vary up or down depending on job-related factors which may include knowledge, skills, experience, and location. In addition, this position is eligible for incentive compensation.

#LI-SJ1

Webster Financial Corporation and its subsidiaries (“Webster”) are equal opportunity employers that are committed to sustaining an inclusive environment. All qualified applicants will receive consideration for employment without regard to race, color, religion, age, marital status, national origin, ancestry, citizenship, sex, sexual orientation, gender identity and/or expression, physical or mental disability, protected veteran status, or any other characteristic protected by law.

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senior loan processor jobs in boston, ma

Senior Commercial Loan Administrator

Senior Loan Closer - CDF (Remote - MA, NC)

Sr. Lending Assistant

Senior Commercial Lending Administrator

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