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Manager, Loan Operations

Job in Wayne, Passaic County, New Jersey, 07474, USA
Listing for: Valley Bank
Full Time position
Listed on 2026-07-14
Job specializations:
  • Finance & Banking
    Financial Compliance, Banking Operations, Regulatory Compliance Specialist, Loan Servicing
Salary/Wage Range or Industry Benchmark: 110000 - 150000 USD Yearly USD 110000.00 150000.00 YEAR
Job Description & How to Apply Below

At Valley Bank, we believe in people's growth potential. We invest in it. We protect it. We focus it. For nearly 100 years, we've been the Bank that clients from every industry turn to for our expertise, strategies, and advice–building the kind of trust that can fuel every goal. We are the leading relationship bank built for growth— with over $60 billion in assets, 3,800 experts, and more than 200 consumer branches and commercial banking offices in communities across the US.

At Valley, we're all driven by an ambition that goes deeper than just having a job. That's why when you work for us, we make it our goal to help you focus on what drives you—working to turn your passions and strengths into assets you can use to propel your ambitions and build the professional legacy you want. Because when we say we're a relationship bank built for growth, that's not just reserved for our clients— that includes all our associates as well.

The Manager, Loan Operations oversees the daily administration, processing, and maintenance of the commercial loan portfolio, ensuring accuracy, efficiency, and compliance with all regulations. This role involves significant leadership and coordination between various internal and external stakeholders.

Responsibilities
  • Lead and develop loan servicing team, including training, performance management, staffing, and fostering continuous improvement.
  • Direct daily servicing operations for complex loan types (C&I, CRE, participations, syndications), covering booking, funding, payments, draw requests, payoffs, and account maintenance.
  • Ensure compliance with federal/state regulations, internal policies, and controls; serve as liaison for audits and regulatory reviews.
  • Analyze workflows and implement process improvements or automation initiatives to enhance efficiency and accuracy.
  • Act as primary liaison with lenders, relationship managers, participating banks, and borrowers to resolve complex, time‑sensitive issues.
  • Oversee reporting and data integrity, including management, board, investor, and regulatory reports, tax forms, and collateral documentation. Support audits and quality control reviews.
Required Skills
  • Strong leadership skills to set standards for subordinates, resolve problems, support change and increase productivity.
  • Strong understanding of commercial lending products, loan documentation and industry software.
  • Extensive attention to detail with a focus on identifying discrepancies, ensuring data integrity, and maintaining compliance with internal policies.
  • Extensive knowledge of bank regulatory requirements.
  • Proficient PC skills including Microsoft Word and Excel.
  • Effective communication and organizational skills.
  • Ability to prioritize daily work assignments while working in a demanding environment.
  • Ability to meet deadlines defined by Bank and regulators.
Required Experience
  • High School Diploma or GED equivalent. Minimum of 10 years of experience in commercial loan operations, loan documentation and management experience.
Preferred Experience
  • Bachelor's Degree in related subject (BA or Finance).
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