Loan Administrator II
About The Position
This job is responsible for managing collateralized debt obligations and issue tracker reports to perfect, monitor and release the bank's collateral. Key responsibilities include maintaining control of the bank's collateral through accurate booking on the system of record (SOR). Job expectations include setting up and standardizing collateral files, preparing and reviewing tickler and exception tracking data, reviewing insurance adequacy, monitoring evidence of insurance and maintaining and/or releasing lien position for collateral. This position is responsible for supporting multiple lines of business with the timely and accurate release of commercial loan collateral including but not limited to real estate, UCCs, vehicle liens and life insurance. Responsible for conducting in-depth due diligence of Bank collateral utilizing systems of record (SoR) and through review of legal loan documentation. Responsible for accurate document preparation of lien releases, validation of proper workflow approvals, and communication with internal and external clients. Responsible to update SoR and ensure collateral release completion through jurisdictional entities.
Requirements
- Must have credit agreement or legal documentation knowledge
- Must have previous banking experience (min 1 year)
- Ability to work independently with little management supervision
- Exceptional communication skills (both verbal and written)
- Knowledge of commercial loan documentation and loan accounting systems
- Experience preparing real estate, UCC, or other collateral documents
- Excellent verbal and written communication skills. Ability to communicate professionally with internal and external clients.
- Well organized and efficient; adept at multitasking in a fast-paced environment
- Proficiency with Microsoft Office, with focus on Word and Excel
Nice To Haves
- Experience with LoanIQ
- Experience with CreditCenter
Responsibilities
- Maintains data accuracy and completes all collateral processes timely
- Receives incoming loan files and reviews for compliance with bank and federal guidelines
- Maintains relationships with Relationship Administrators to ensure efficient and high-quality loan processing
- Gives technical advice and guidance to business units and interdisciplinary teams on projects
- Maintains systems of record for continued monitoring of collateral and insurance
- Works in a paperless environment and adheres to compliance guidelines
- Promotes collaboration and communicates with impact; learns and adapts quickly; holds self and others accountable for high performance standards
- Prepares and reviews tickler and exception tracking data
- Reviews insurance adequacy
- Monitors evidence of insurance
- Maintains and/or releases lien position for collateral
- Conducts in-depth due diligence of Bank collateral utilizing systems of record (SoR) and through review of legal loan documentation
- Prepares accurate document preparation of lien releases
- Validates proper workflow approvals
- Communicates with internal and external clients
- Updates SoR and ensures collateral release completion through jurisdictional entities
Benefits
- affordable, competitive and flexible benefits
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
High school or GED
