Loan Admin Team Lead

East West Bank•El Monte, CA

15d•$45 - $55

About The Position

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.

Requirements

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 and 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.

Responsibilities

Provide guidance and technical support to Loan Closing Administrators and Associates
Perform detailed due diligence for all Closing Requirements have been met which including but not limited to: Proper borrowing resolutions have been obtained
Review Outside Counsel Consistency Letter ensuring there are no exceptions and/or outstanding items to be resolved prior to closing
Review Post Closing requirements and ensure proper tracking and follow up
Perform due diligence of Flood Requirements
Act 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.
Review collateral support documents to ensure appropriate collateralization and proper lien position pursuant to credit approval.
Review CCR to determine appropriate credit approval and completed presentation to close the loan
Ensure all pre-funding conditions have been met prior to closing
Perform pre-Closing review of Loan Documents post execution
Prepare closing documents including but not limited to Closing Statement ensuring data accuracy and proper assignment of codes and set up post-closing requirement
Perfect all Collateral including but not limited to Commercial Real Estate, Equipment, Blanket Liens, etc.
Assist in creating/establishing procedures in support of the Loan Closing Admin. Team
Support other projects as assigned by the Manager
Respond to all internal and external customer inquiries
May perform other duties as assigned