Loan Operations Admin II - Collateral Perfection

Western Alliance Bank • Phoenix, AZ

13d • Onsite

About The Position

As a Loan Operations Administrator II, you will be responsible for the creation of required ticklers for Commercial Loans, receipt of original loan documentation, and UCC/Title Perfection. This includes filing/searches for UCCs and Title to ensure lien placement. This role also focuses on cash collateral and life insurance policies assigned as collateral, ensuring all collateral holds, assignments, and coverage requirements remain in place, enforceable, and sufficient relative to outstanding exposure throughout the life of the loan. Responsible for the ongoing monitoring and administration of collateral to ensure risk is appropriately mitigated in accordance with bank standards and credit policy. The position ensures that all required collateral is included in the loan file and verified for quality, completeness, and accuracy. Responding promptly and professionally to assigned post-funding tasks and/or requests. Participates in and oversees special projects as assigned by management.

Requirements

• 3+ years of related experience in Loan Administration, Lending and/or Deposit Sales, or similar field
• High school diploma required
• Entry level to intermediate knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services
• Entry level to intermediate knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices
• Knowledge of one or more loan types
• Proficient in multi-tasking in a team oriented environment and focused on the highest standards of client service
• Intermediate speaking and writing communication skills

Nice To Haves

• Positive and motivated individuals that can manage through an ever-changing environment
• Collaborative mindset
• Takes pride in work performance to meet or exceed expectations
• High level of organization

Responsibilities

• Creation of required ticklers for Commercial Loans
• Receipt of original loan documentation
• UCC/Title Perfection, including filing/searches for UCCs and Title to ensure lien placement
• Focus on cash collateral and life insurance policies assigned as collateral, ensuring all collateral holds, assignments, and coverage requirements remain in place, enforceable, and sufficient relative to outstanding exposure throughout the life of the loan
• Ongoing monitoring and administration of collateral to ensure risk is appropriately mitigated in accordance with bank standards and credit policy
• Ensuring all required collateral is included in the loan file and verified for quality, completeness, and accuracy
• Responding promptly and professionally to assigned post-funding tasks and/or requests
• Participating in and overseeing special projects as assigned by management

Benefits

• Competitive salaries
• Ownership stake in the company
• Medical and dental insurance
• Time off
• 401k matching program
• Tuition assistance program
• Employee volunteer program
• Wellness program
• Opportunity to bolster business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: High school or GED