Private Banking Loan Coordinator

CIBC•Chicago, IL

1d•$65,000 - $75,000

About The Position

The Private Banking Loan Coordinator facilitates the loan process and supports smooth, efficient operations for new, renewal, commercial, and consumer loans. The role manages loan documentation and files, conducts due diligence, monitors exceptions, processes loan transactions and adjustments, maintains portfolio tracking, and communicates with clients, lenders, Private Bankers, and operational teams. The position is based at 120 S LaSalle St in Illinois; the on-site and remote work arrangement will be discussed during the interview.

Requirements

2–5 years of experience in the financial services industry.
Experience with loan processing and familiarity with loan documentation.
Proficiency in Microsoft Office, especially Excel, as well as Adobe Acrobat and PowerPoint.
Understanding of high-net-worth and ultra-high-net-worth client profiles and typical product offerings.
Knowledge of federal and state regulatory requirements.
Strong attention to detail, critical thinking, and decision-making skills.
Strong organizational skills and ability to manage multiple assignments and priorities.
Strong oral and written communication skills.
Legally eligible to work at the specified location and, where applicable, hold a valid work or study permit.

Nice To Haves

Bachelor’s degree preferred.
Experience supporting high-net-worth and ultra-high-net-worth clients.

Responsibilities

Manage loan files and closings for new and renewal loans, ensuring required documentation is complete and accurate.
Work with the closing team to review closing packets, prepare documents for closing, and perform pre- and post-closing reviews.
Conduct due diligence throughout the loan process, including customer identity verification and OFAC, RAF, and other checks; convert prospects to customers and upload information to build client profiles.
Monitor and clear AML loan exception items and track document exceptions, reimbursable fees, and past-due reports.
Pull end-of-year reports, including 1098s and 1099s.
Process loan-related transactions, including payments, reversals, accrual adjustments, payoffs, and address changes.
Assist with ticklers, loan receivables, and document exception tracking reports for loans.
Collect loan-specific information, retrieve executed documents, coordinate with operational teams, and manage electronic and physical loan files.
Place electronic documents for existing and prospective borrowers in appropriate credit files and route original documents to the appropriate closer.
Manage and update loan portfolio tracking queues for new loans and renewals associated with the Private Banker team.
Communicate with clients, lenders, and the Private Banking Client Service team to assist with questions about commercial and consumer loans.
Process payment adjustments and ACH requests accurately and promptly when needed.
Support departmental projects as needed.