Senior Analyst Commercial Loan Admin
About The Position
The Commercial Loan Administrator (CLA) is a full-time role that reports into Webster's Commercial Bank Middle Office. The role is focused on supporting pre-closing, regulatory, and closing activities on originations, loan renewals, and loan modifications, working closely with the Lending Teams and Operations to deliver high quality closings and exceptional customer experiences. The role ensures commercial loan closings are complete, accurate, and in accordance with Webster Bank's credit policies and procedures. The role supports all business segments within the Commercial Bank, while working closely with Operation and Deposit Services partners.
Requirements
- Strong interpersonal and customer service skills to interact with lending teams, operations partners, attorneys, and borrowers
- Strong understanding of commercial lending process, compliance & regulations, loan types/products/structures, etc.
- High confidence in reviewing and understanding legal loan documents and contract terms (paralegal experience is a plus)
- Ability to multitask and manage multiple transactions and servicing requests, simultaneously
- Basic understanding of loan & lending systems (i.e., Signature, ACBS, Loan IQ, Sageworks LOS, Salesforce, etc.) and proficiency in Microsoft Applications
- Fundamental math/accounting/finance skills to understand debits, credits, balancing, amortization schedules, etc.
- Bachelor’s Degree in Arts/Sciences (BA/BS) from an accredited college or university preferred
- 5-7 years Prior paralegal, commercial lending loan administration, and/or closing experience on $10MM-$50MM+ commercial transactions within borrower segments (C&I, CRE, Sponsor & Specialty, ABL, etc. ) required
Nice To Haves
- paralegal experience is a plus
Responsibilities
- Conduct quality control reviews of commercial loan documentation to ensure data integrity, accuracy, and consistency to loan booking sheets
- In conjunction with the line of business, review draft loan documents to ensure alignment with bank policy, credit approval terms, and loan system compatibility
- Perform loan call back to each loan system to ensure accuracy of booking of SOX required data elements and other loan attributes with a material client impact
- Support internal audit, SOX, and compliance partners by producing samples to support targeted reviews
- Leverage insights from quality control reviews to recommend updates to procedures to enhance operational efficiency
- Provide data inputs key performance indicators (KPI) reporting to monitor adherence to quality control standards
- Assist PM’s with client due diligence requirements (i.e. Credit report pulls, loan confirmations)
- Work on internal projects to improve the lending process, enhance/expand middle office capabilities, and support the Lines of Business & Operations
Benefits
- robust development opportunities
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What This Job Offers
Job Type
Full-time
Career Level
Senior
