Commercial Loan Operations Specialist

Northern Bank • Woburn, MA

2d • $25 - $35

About The Position

The Commercial Loan Operations Specialist is primarily responsible for the accurate onboarding and reviewing of new and modified commercial loans.

Requirements

• 3+ years’ experience in the lending area of a bank.
• Business Degree or related field experience required.
• Solid communication skills.
• Proficient in Computers.
• Good organizational skills.
• Ability to work independently and within a team environment.

Responsibilities

• Onboard all commercial loans including new loans, modifications, participation sales and participation purchases.
• Performs the quality control function for new loans and the maintenance on loan modifications. Monitors the integrity of data entered into the core system.
• Provides commercial loan funding transfers in accordance with established Bank policies and procedures.
• Responsible for providing outstanding customer service to internal and external customers.
• Demonstrates compliance with all bank regulations for assigned job function.
• Acts as the main liaison for the ongoing perfection of collateral through UCC continuations, amendments, and terminations to ensure they are processed in a timely and accurate manner.
• Performs additional duties, departmental cross-training and participates in special projects as required.
• Maintain electronic loan documentation files, scan, and index into electronic file system.
• Work closely with the lending team to track document exceptions and any missing documentation on the Bank’s tickler system.
• Responsible for reconciliation of GL accounts.
• Maintain knowledge of all existing regulations that pertain to loan servicing.
• Work with loan officers and other personnel in the commercial lending department on loan servicing issues. Research requests and other questions that arise.
• Perform additional duties as requested.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 101-250 employees