Senior Associate, Commercial Loan Servicing

Webster Bank•Jericho, NY

8d•$32 - $34

About The Position

If you’re looking for a meaningful career, you’ll find it here at Webster. Founded in 1935, our focus has always been to put people first--doing whatever we can to help individuals, families, businesses and our colleagues achieve their financial goals. As a leading commercial bank, we remain passionate about serving our clients and supporting our communities. Integrity, Collaboration, Accountability, Agility, Respect, Excellence are Webster’s values, these set us apart as a bank and as an employer. Come join our team where you can expand your career potential, benefit from our robust development opportunities, and enjoy meaningful work! Ability to deliver high quality professional service to internal and external customers, understanding all aspect of loan processing, ensuring requests are processed accurately within established credit guidelines and departmental procedures. Read and understand all commercial loan documents including notes, agreements, and understand how the data is set up on the required loan system. Perform completeness check to ensure system matches executed documents; ensure knowledge of the Commercial lending products and services, including an understanding of a Credit Agreement, loan funding mechanics, deal structure, funds flow, etc. Process loan portfolio seamlessly and accurately and anticipates business needs.

Requirements

Strong analytical skills, detail oriented
Ability to effectively multitask in a fast paced environment
Time management and strong interpersonal skills
Ability to challenge the status quo and open to change
Effective problem-solving skills as well as oral and written communication skills
Self-Starter with ability to work well independently as well as with a Team
Ability to set priorities, develop a work schedule, monitor progress toward goals and track activities.
Working knowledge of Microsoft Office product suite
Working Knowledge of Commercial Loan Systems - ACBS, preferred
H.S. Diploma or General Education Degree (GED) required
Bachelor’s Degree in Arts/Sciences (BA/BS)
Candidates with advanced degrees (Associates, Bachelor's, and/or Master's) preferred
Candidates with some combination of coursework and experience, or extensive related professional experience, are eligible for consideration.
0-2 years Accounting, financial experience preferred

Responsibilities

Handles more complex commercial loan transactions (syndications, etc)
Monitors delinquencies and evaluates loan issues – resolving as needed.
Receptive to increasing levels of responsibilities and additional process improvement projects at management's request
Ensures the timely clearing of cash, Suspense and WIP accounts
Responsible to reconcile/verify any investor lists (excel templates) are accurate with ACBS.
Ensures Department policies and procedures are adhered to and data input is accurate.
Other loan related and miscellaneous tasks (i.e. Break funding, DDA related, Manual entries, manual statements, etc.).