Loan Admin Team Lead

Loan Administrator Team Lead

The Loan Administrator Team Lead is responsible for providing guidance and technical support to Loan Closing Administrators and Associates, performing syndicated and complex commercial loan closing activities. This position requires a comprehensive understanding of loan syndications, complex and specialized commercial lending products, regulatory requirements, credit policy, collateral, insurance, and loan servicing requirements.

Responsibilities include:

• Providing guidance and technical support to Loan Closing Administrators and Associates
• Performing detailed due diligence for all closing requirements have been met which including but not limited to:
• Proper borrowing resolutions have been obtained
• Reviewing Outside Counsel Consistency Letter ensuring there are no exceptions and/or outstanding items to be resolved prior to closing
• Reviewing post closing requirements and ensuring proper tracking and follow up
• Performing due diligence of flood requirements
• Acting as liaison between escrow, title, attorneys and all interested parties to coordinate funding and closing of specialty lending loans and syndicated credit for EWB lead.
• Reviewing collateral support documents to ensure appropriate collateralization and proper lien position pursuant to credit approval.
• Reviewing CCR to determine appropriate credit approval and completed presentation to close the loan
• Ensuring all pre-funding conditions have been met prior to closing
• Performing pre-closing review of loan documents post execution
• Preparing closing documents including but not limited to closing statement ensuring data accuracy and proper assignment of codes and set up post-closing requirement
• Perfecting all collateral including but not limited to commercial real estate, equipment, blanket liens, etc.
• Assisting in creating/establishing procedures in support of the loan closing admin team
• Supporting other projects as assigned by the manager
• Responding to all internal and external customer inquiries
• May perform other duties as assigned

Qualifications include:

• Bachelor degree in finance or accounting preferred or equivalent experience
• 5 years of experience as a commercial loan closing administrator or syndication loan servicing administrator
• Knowledge of all aspects of complex loan structures specifically those prepared by attorneys
• Ability to read and interpret complex loan agreements
• Thorough knowledge of all loan closing requirements and collateral perfection
• Strong knowledge of core accounting system functionality / capability to onboard and service complex commercial lending products
• Commercial loan accounting experience required with FIS preferred
• Broad knowledge of syndicated loan servicing requirements
• Ability to provide excellent customer service
• Ability to multi-task, adapt quickly to changes and work effectively in a fast-paced environment
• Ability to effectively communicate upward and downward, with outside attorneys, and other financial institutions
• Must be a self-starter and possess positive attitude with good organizational skills
• Strong sense of internal and SOX controls
• Thorough knowledge of Microsoft software, inclusive of Word and Excel
• Excellent written and verbal communication skills required
• Good organizational, analytical and problem-solving skills

Applicants must have legal authorization to work in the United States. We do not offer visa sponsorship at this time.

The base pay range for this position is USD $20.00/Hr.

- USD $55.00/Hr. Exact offers will be determined based on job-related knowledge, skills, experience, and location.