Participation Administrator

ConnectOne Bank • Union, NJ

9d • $28 - $31 • Hybrid

About The Position

The Participation Administrator is responsible for processing all participation loan transactions, such as payments, credits, advances, wires, rate changes and aiding in processing non-participation transactions as well. Will also process mailed payments and check the lockbox payment website to ensure payments are posted and exception items are decisioned.

In this role you will: Support the Bank’s “People First” focus and rules of engagement—maintaining a professional demeanor, working as an active member of the CNOB team, providing all clients excellent service, always striving to make CNOB “A Better Place to Be”.
Process all participation transactions, both internal and external including advances, credits, and debits to checking accounts.
Process mailed check payments.
Monitor Checkalt website to ensure lockbox payments are posted properly.
Utilize and print daily maintenance reports. Review changes and provides backup documents for maintenance performed on accounts.
Processe loan transactions for branches, loan officers, and external customers submitted via Loan Operations email group.
Ensure that emails requests to process payments, dda credits, loan advances, etc. balances to the Loan Control GL.
Obtain approvals from respective account officers on advance requests.
Perform general maintenance on accounts such as change of address and auto transfer/ACH requests.

Requirements

• Strong “People First” interest and ability.
• Knowledge of various federal regulations including Bank Secrecy Act, Community Reinvestment Act, Americans with Disabilities Act, Right to Financial Privacy Act, Gramm-Leach-Bliley Act, Regulation E and US PATRIOT Act.
• Familiarity with Bank security and safety practices.
• Knowledge of CNOB products and services.
• Knowledge of loan documentation including maintenance, review and filing of loans.
• Knowledge of participation loans.
• 2-3 years Participation Loan Processing experience.

Responsibilities

• Support the Bank’s “People First” focus and rules of engagement—maintaining a professional demeanor, working as an active member of the CNOB team, providing all clients excellent service, always striving to make CNOB “A Better Place to Be”.
• Process all participation transactions, both internal and external including advances, credits, and debits to checking accounts.
• Process mailed check payments.
• Monitor Checkalt website to ensure lockbox payments are posted properly.
• Utilize and print daily maintenance reports. Review changes and provides backup documents for maintenance performed on accounts.
• Processe loan transactions for branches, loan officers, and external customers submitted via Loan Operations email group.
• Ensure that emails requests to process payments, dda credits, loan advances, etc. balances to the Loan Control GL.
• Obtain approvals from respective account officers on advance requests.
• Perform general maintenance on accounts such as change of address and auto transfer/ACH requests.

Benefits

• World class health, vision, and dental benefits on day one
• 401k with employer match
• Hybrid work from home (depending on role)
• Employee appreciation events (team building, softball games, food truck days, etc..)
• Employee assistance programs (EAP)
• Wellness programs (flu shot, preventive care, health programs and services discounts, etc..)
• Tuition reimbursement
• Employee Discount perks
• CNOB Community Service Events

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed