Senior Commercial Loan Specialist

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Regular Full-Time Hourly Main Office, Florence, MA, US

6 days ago Requisition

Salary Range: $27.57 To $43.18 Annually

Are you looking for an employer that provides 4+ weeks of PTO and benefits upon hire, focuses on advancement opportunities, and has an overall average employee tenure of a decade? With tuition reimbursement, wellness incentives, and a 401K plan with dollar‑for‑dollar match, Florence Bank has it all!

• Competitive salary
• Hybrid work schedule after successfully completing 6 months of employment
• Generous paid time off
• 12 paid holidays
• Dynamic work culture
• Fun work environment
• Weekly pay schedule
• Medical, dental, Vision and life insurance upon hire
• 401K plan with dollar-for-dollar match
• Profit sharing bonus after two full calendar years of employment
• Robust wellness program with monetary incentives
• $5,000 tuition reimbursement each calendar year

Manages the proper delivery of commercial documents in the commercial loan origination process; prepares all documents from the point of commitment to the closing of a loan. Ensures quality of loan documentation and assists with commercial loan reviews and regulatory compliance. Interacts with commercial loan customers, closing attorneys and other Bank employees, while always supporting the Bank's philosophy of "Customer Service Drives Everything We Do."

Provides a variety of administrative support tasks to commercial lender(s) and other team members.

• Consistently provides superior professional service to internal and external customers.
• Consistently meets expectations of teamwork, punctuality, and regular, reliable attendance.
• Provides customer service to commercial loan customers and lenders and acts as a liaison to assigned lender(s).
• Self‑directed workflow: effectively manages multiple loans simultaneously with timely follow‑up. Works with shifting deadlines and multitasks efficiently.
• Possesses a thorough understanding of the Approval Memorandum, necessary to determine which documents are required and accurately reflect the terms on the documents, while maintaining legal integrity and adhering to policy.
• Utilizes multiple online resources to gather information on borrowers and collateral required to properly document the loan.
• Researches and obtains missing documentation pre‑closing and post‑closing. Works with lender to keep documentation exceptions to a minimum.
• Prepares closing package in conjunction with all supporting and regulatory documents for loans of assigned lenders, including Modification Agreements and Revision of Terms. Works with third‑party guarantors, such as the U.S. Small Business Administration and the Mass Business Development Corporation to ensure proper documentation is obtained and program guidelines are followed.
• Gathers information to complete the Commercial Loan Input Sheet for the creation of the loan on the Bank's core system.
• Coordinates loan funding, after ensuring that all the minimum document standards are met. Reviews subsequent loan activity, including advances, paydowns & repricing to ensure compliance and conformity with legal, regulatory & credit policies for loan documentation.
• Completes final review of all Medici documentation prior to closing.
• Manages branch referrals through Access database.
• Maintains the Commercial Lending page of the Florence Bank Intranet.
• Manages all ongoing UCC renewals.
• Processes declined and withdrawn files in compliance with Regulation
  
  B.
• Creates and maintains construction loan files. Coordinates timely receipt of property inspections and title endorsements for the processing of construction advances.
• Maintains proficiency in several essential programs, including iDentifi, Medici, Insight, Loan Vantage and Microsoft Office including Access.
• Participates in various meetings representing the department.
• Researches inquiries and provides timely resolution for customers, lenders, and department management.
• Seeks to improve efficiency in Bank processes.
• Deals effectively with…