Sr. Commercial Loan Servicing Specialist

Cathay Bank • Rosemead, CA

12d • $29 - $36

About The Position

Under the supervision of the Loan Servicing Supervisor & Officer within the servicing team and following established policies and procedures, perform all post-closing duties relating to the servicing of the Bank’s commercial loan portfolio according to separation of duties established by the Department Head including but not limited to the following functional duties:

Requirements

• Education: High school diploma or equivalent; some college courses a plus.
• Experience: Minimum of 4 years of commercial loan servicing experience required.
• Skills/Ability: PC literate, proficiency with MS Office, knowledge of IBS loan system a plus, ability to work in a fast-paced environment while maintaining a high level of accuracy, strong problem-solving and organizational skills, bilingual (English, Mandarin or Cantonese) is a plus.

Nice To Haves

• bilingual (English, Mandarin or Cantonese)

Responsibilities

• Monitor the department’s shared email in-boxes and platforms to ensure completion of delegated items.
• Perform special processing to include
• SBA 1502 update and reporting,
• SAD processing to include the following:
• Charge Offs
• OREO Transfers
• Accrual Changes
• Shadow Payment Processing
• Prepare GL Certifications.
• Serve as secondary reviewer and/or back-up of the following:
• Pay Off Statements
• FTI Balancing and Releases
• Daily Index Rate Sheet
• Established Control Reports
• Prepayment Penalty Report
• 85 Day Past Due Report
• Non-Accrual Exception Report
• Review and update Procedures and Job Aids to Assist management in ensuring loan servicing procedures adhere to bank policy and regulations.
• Responsible for research, review, and resolution of any Loan Servicing issues.
• Assist in short-term and long-term projects.
• Assist the CLS Supervisor in providing direction and guidance to staff in their assigned duties.
• Assist the CLS Supervisor with training and development of the team.
• Assist the CLS Supervisor and the Boarding team with complex research, review, and resolution of any Loan issues.
• Review vendor invoices.
• Provide general support, assistance, and backup for all servicing functions to include the following:
• Rate Rollovers and Repricing
• Establish new Rate Contract Sub-Notes
• Payments
• Payoffs
• Loan Advances
• Pay Off Statement Preparation
• System maintenance
• Release of Collateral Review
• Post Closing/Boarding document and Collateral Review.

Benefits

• coverage for medical insurance
• dental insurance
• vision insurance
• life insurance
• long-term disability insurance
• flexible spending accounts (FSAs)
• health saving account (HSA) with company contributions
• voluntary coverages
• 401(k)

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED
• Number of Employees: 1,001-5,000 employees