Commercial Loan Assistant - To 80K - East Brunswick, NJ - Job 3825-9466

The Symicor Group•East Brunswick, NJ

7d•$80,000•Onsite

About The Position

The Symicor Group is seeking to fill a Commercial Loan Assistant role for their bank client in the East Brunswick, NJ area. This position is responsible for documenting collections, closing and handling loan payments and advances, interacting with customers and third-party vendors to accommodate banking needs and solve problems, and performing other general duties. The Commercial Loan Assistant will ensure accurate and timely loan preparation, servicing, and maintenance of commercial loan portfolios. The opportunity offers a generous salary of up to $80K and a benefits package. This is not a remote position.

Requirements

Proficient in office skills as well as Microsoft Word and Excel.
Ability to effectively communicate with customers with a high level of professionalism and integrity, as well as strong interpersonal communication skills.
Ability to multitask, utilize time management to meet deadlines, and work independently.
Excellent customer service, listening, and communication skills.
Detail-oriented and able to work well under stress and/or deadlines.
Attendance and punctuality are essential in the functionality of this position.

Nice To Haves

Bachelor’s degree preferred; experience in loan operations and loan closings considered in lieu of degree.

Responsibilities

Correspond with applicants to gather financial information for the loan approval process.
Order preliminary title work, UCC searches, Flood Certificates, environmental reports, Credit Reports, and all other necessary data.
Assist Commercial Loan Officers in managing portfolios and administrative tasks as assigned.
Work directly with Commercial Loan Officers, Treasury Management, and other team members to effectively grow portfolio revenue by presenting financial solutions to customers.
Provide clerical and administrative support to assigned lending staff and assist with setting up commercial loan files with timeliness and accuracy.
Coordinate with borrower and/or insurance agent for lapsed or expiring insurance.
Contribute to the Team’s overall meeting and/or exceeding the assigned volume/production goals.
Serve as the primary contact for the coordination of information between client and internal departments in the loan process.
Prepare and review commercial loan documents prior to closing to ensure all approval conditions and requirements are accurate and complete.
Communicate and finalize loan closing with third parties such as title companies, external closing attorneys, inspectors, and appraisers to ensure all aspects of the loan preparation are completed.
Prepare loan disbursement entries for loan closing and bookings.
Review and process credit reports and draw requests for customers.
Assist in obtaining updated financial statements, credit reports, rent rolls, and other financial information to maintain the servicing file.
Prepare loan extensions and deferrals.
Assist in preparing credit memos.
Coordinate process with participant banks for loan participation purchases or sales.
Maintain files for all repos, small claims, and garnishments.
Oversee renewals, document tickler, and covenant tracking of loans.
Monitor loan documentation exception reports and follow up to clear up document exceptions in a timely manner.
Monitor financial statement exception reports and follow up to clear up financial statement exceptions in a timely manner.
Work closely with Commercial Loan Officer to manage maturing loans.
Provide notary services as needed.
Perform other duties as assigned.