VP & Loan Servicing/Liquidation Officer

Open Bank • Los Angeles, CA

3d

About The Position

We are looking for a VP & Loan Servicing/Liquidation Officer
to join our Special Assets team at Open Bank! The VP & Loan Servicing/Liquidation Officer will be responsible for managing loan servicing logs and keeping track of the results of the assigned servicing actions. The VP & Loan Servicing/Liquidation Officer will also review all servicing/liquidation memos prepared and follow up on closing the servicing actions upon approval.

Requirements

• Bachelor’s degree in Business Administration or related field or equivalent experience required.
• Minimum four years of prior experience in banking and/or lending required.
• General knowledge of lending regulations, lien laws, and loan documentation.
• Present a professional image in dealing with clients, interdepartmental, and external representatives.
• Accurate typing/keyboarding skills; basic computer skills, including the use of word processing, spreadsheet software applications, and e-mail.

Responsibilities

• Manage and maintain loan servicing portfolio (log) to ensure timely actions on all servicing requests.
• Review all credit memos prepared by Loan Servicing/Liquidation Officers and make recommendations to Loan Servicing/Liquidation Officers and the Special Assets Department (SAD) Manager. Upon approval of the credit memos, follow through by reviewing, filing and recording. Must keep track of all servicing actions and the results of action taken.
• Support Loan Servicing/Liquidation Officer in preparing various SBA guarantee packages.
• Oversee the Holdover G/L and keep track of incoming and outgoing funds.
• Manage all subpoenas requests.
• Support the Loan Servicing/Liquidation Officer in all aspects of loan servicing and liquidation actions when needed.
• Stay informed on all policies, practices, regulations, and laws applicable to your position.

Benefits

• Medical, Dental, & Vision: Open Bank offers medical, dental, and vision insurance for all full-time employees and their immediate family members. Employees become eligible for insurance benefits on the first of the month following their hire date.
• Life, Accidental Death & Dismemberment, & Long-Term Disability: Open Bank pays 100% of the cost.
• Flexible Spending Account (FSA): Tax-advantaged financial accounts are offered for employees to pay for eligible out-of-pocket expenses (health, dependent care, transit, and parking) with pre-tax dollars.
• 401(k) Retirement Savings Plan: Open Bank matches 100% of the first 6% of employees' contributions. Employees are eligible to participate on the first of the month following 90 days of employment.
• Paid Time Off (PTO): Employees begin to accrue PTO hours at the time of hire to use for vacation, illness, or other personal reasons.
• Employee Assistance Program (EAP): The EAP offers counseling sessions, online tools and resources, and legal and financial guidance for employees and their family.
• Company Paid Lunch: Open Bank provides company paid lunch twice a week.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level