Position Summary
The Loan Document Administrator ensures that commercial and residential loan documentation is executed accurately and in compliance with loan approvals and bank policies and procedures, and meets required legal and regulatory guidelines.
Essential Functions
· Review in-house and attorney prepared pre-closing and modification documentation for commercial loans to ensure loans are documented in compliance with the presentation/approval and that the appraisal, environmental reports, and insurance requirements, and any special conditions are satisfied.
· Review entity documentation for borrowers and guarantors.
· Provide status updates to lending staff and bank counsel identifying points of exposure and inefficiency and solutions.
· Review closed loan documentation to ensure receipt and proper execution of all required documents; contact appropriate individuals for follow up when necessary.
· Prepare and disseminate regularly scheduled reports.
· Communicate with attorneys on a regular basis to ensure prompt closing of loans.
· Maintain technical and professional knowledge by attending educational workshops and training, reviewing professional publications, staying informed of any legal, policy and procedural changes relating to commercial and residential loan documentation and lending.
· Assist Senor Loan Administrator with appraisal oversight during his/her absence.
Job Requirements
· Willingness to be accountable and take ownership of assigned roles and responsibilities.
· Using time effectively and efficiently, valuing the time of others, and concentrating efforts on important priorities and activities.
· Strict attention to details and thoroughness in the completion of job duties.
· Developing constructive and cooperative relationships with others.
· High level of coordination, organization, planning, and prioritization of work, and management of one’s own time.
· Honesty, integrity, and ethical behavior, the consideration of ethical standards before making decisions, and keeping promises.
· Using computers for various applications, such as database management and word processing.
Qualifications
Education and Experience
· High school diploma or equivalent.
· Five years of experience in commercial lending administration.
· Paralegal training/experience a plus
Licenses and Certifications
· Paralegal certification a plus
Knowledge, Skills, and Abilities
· Strong to expert knowledge of commercial loan documentation and processes.
· Strong knowledge of credit underwriting concepts.
· Excellent computer skills in a Microsoft Windows environment including proficiency in Word and Excel.
· Ability to understand new information and apply it to current and future job functions, problem solving, and decision making.
· Ability to collaborate and relate well to all kinds of people, build appropriate rapport and constructive, effective relationships, and use tact and diplomacy to handle situations comfortably.
· Ability to read, comprehend, analyze, and interpret legal documents.
· Ability to effectively present information and respond to inquiries from senior management, and attorneys.
· Ability to write reports and business correspondence.
· Ability to speak and write clearly in order to effectively convey information so that others understand and as appropriate for the needs of the audience.
· Ability to apply common sense understanding to carry out written and oral instructions.
· Ability to work independently with little supervision.
Physical Requirements
· Ability to sit for long periods of time up to 90% of work hours.
· Ability to use hands to grasp, handle or feel.
· Ability to use computer keyboard and system to enter data and process information.
· Ability to read a computer screen at a close distance.
· Ability to read, talk clearly so that others understand, hear, comprehend the written and spoken word, and see.
· Ability to use telephone to communicate with others.
· Ability to use office equipment such as teller scanner, personal computer, telephone, mobile device, copier, etc.
· Ability to lift up to 10 lbs. at least 10% of work hours.
Working Conditions
· Moderate sound as in business office with office machines, computers, and people traffic.
· Open floor work environment.
All qualified applicants will receive consideration for employment without regard to race, color, age, religion, gender, sexual orientation, gender identity, national origin, protected veteran status or disability.
This job description is not an employment agreement or contract, implied or otherwise. Amboy Bank maintains “at will” employment.
Pay: $70,000.00 - $90,000.00 per year
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Employee assistance program
- Health insurance
- Life insurance
- Paid time off
- Parental leave
- Retirement plan
- Tuition reimbursement
- Vision insurance
Work Location: In person
