Production Associate Jobs

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Loan Production Associate, Commercial & Wholesale Operations

Santander•Southington, CT
•$63,750 - $107,500•Onsite

About The Position

The Associate, Commercial & Wholesale Operations is responsible for supporting all Back Office related activities covering all aspects of their aligned product/business area to ensure the efficient delivery of all products and services (i.e. interpreting credit agreements related to various loan/fee accruals, calculations as well as ongoing/ad-hoc reconciliation and remediation, for commercial loan/letter of credit products, which include new loans, modifications and extensions.) to the Bank’s clients while developing and maintaining direct contact and good working relationships with existing clients and internal stakeholders. Provides leadership of unit or team in Loan Operations in absence of manager. Performs varied, non-routine and more complex operational tasks to support team. Provides information and procedural knowledge for less experienced staff. Resolves most issues escalated by less experienced employees. Completes complex operational transactions and researches issues. Takes corrective action as necessary and researches complex issues to determine best course for resolution. Trains new employees in systems, procedures, and processes. Performs additional tasks employing skill and experience in the function. Suggests changes or modifications to policies and procedures based on day-to-day observations and activities.

Requirements

  • Bachelor’s Degree: in related field or equivalent demonstrated through a combination of work experience, training, military service, or education - Required
  • 5+ Years Experience with commercial loan operations. - Required
  • Excellent communication, good organizational skills, and attention to detail.
  • Solid knowledge/skills of Microsoft Office Suite and various bank systems.
  • Ability to adapt quickly and be a team player.
  • Working knowledge in Commercial Banking.
  • Ability to meet deadlines.
  • Strong knowledge of the Syndicated and Commercial Loan products and markets.
  • Ability to review and interpret legal documentation supporting these products.
  • In depth knowledge of market initiatives to streamline and automate Middle Office support functions.
  • Knowledge of industry standards and best practices for Syndicated and Commercial loans .
  • Knowledge of Banking Regulations and Standard Practices.
  • Expertise in continuously reviewing workflow and the ability to functionalize ideas for organizational change. Also, ensure all departmental structural and procedural changes are implemented where necessary.
  • Ability to clearly convey complex concepts and issues in a concise way.
  • Applicants must be legally authorized to work in the United States on a full-time basis without requiring employer sponsorship to commence employment.

Nice To Haves

  • Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education.

Responsibilities

  • Supporting all Back Office related activities covering all aspects of their aligned product/business area to ensure the efficient delivery of all products and services
  • Interpreting credit agreements related to various loan/fee accruals, calculations as well as ongoing/ad-hoc reconciliation and remediation, for commercial loan/letter of credit products, which include new loans, modifications and extensions.
  • Developing and maintaining direct contact and good working relationships with existing clients and internal stakeholders.
  • Provides leadership of unit or team in Loan Operations in absence of manager.
  • Performs varied, non-routine and more complex operational tasks to support team.
  • Provides information and procedural knowledge for less experienced staff.
  • Resolves most issues escalated by less experienced employees.
  • Completes complex operational transactions and researches issues.
  • Takes corrective action as necessary and researches complex issues to determine best course for resolution.
  • Trains new employees in systems, procedures, and processes.
  • Performs additional tasks employing skill and experience in the function.
  • Suggests changes or modifications to policies and procedures based on day-to-day observations and activities.

Benefits

  • A fair and competitive rewards package that reflects the impact you create and the value you deliver.
  • Benefits are designed to support you, your family and your well-being, now and into the future.

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