- Perform all due diligence associated with the loan closing process, preclosing conditions, collateral and guarantor requirements and ensure that OFAC checks have been completed through Equifax on borrowers, guarantors, and authorized signers.
- Ensure that the Standard Flood Hazard Determination Forms have been ordered and received on all Commercial Loans secured by real estate 10 days prior to closing in accordance with the loan approval requirements, the bank's lending policy, FEMA guidelines and federal regulatory requirements.
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- Adhere to relevant compliance policies and procedures pertinent to this position including but not limited to Reg B, flood insurance, Patriot Act, and Beneficial Ownership.
- Participate in weekly pipeline meetings for ABL, C&I and CRE as needed.
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- Three to five years of commercial lending experience.
- Ability to review documentation while adhering to bank approval and regulatory guidelines.
- Excellent time management skills
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- Ability to multi-task, adapt quickly to changes and work effectively and independently to meet critical deadlines in a fast-paced environment.
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Commercial Loan Administrator - Waltham, United States - Cambridge Financial
Description
POSITION:
COMMERCIAL LOAN ADMINISTRATOR
Summary:
At Cambridge Savings Bank, our purpose is to have a positive impact on our customers, employees, and community's financial well-being.
We are committed to exceeding expectations, having a strong commitment to diversity and inclusion, and fostering a highly collaborative and customer centric environment.
The Commercial Loan Administrator provides administrative support for the Commercial Lending areas of the Bank, including pipeline management, reviewing legal documentation, performing due diligence in preparation of closing, and facilitating closings with attorneys and lenders.
Upon closing, review documents for completeness and prepare loan for boarding to the core. Track and clear post-closing exception items by following up with attorneys and lenders to gather documentation needed.Key Result Areas:
Qualifications:
The above description covers the most significant major responsibilities but does not exclude other occasional responsibilities and accountabilities the inclusion of which would be in conformity with the major purpose of this job.
Location:
Hybrid/Waltham, Massachusetts
About Cambridge Savings Bank:
Cambridge Savings Bank is a full-service banking institution with over $6 billion in assets.
As a mutual bank, CSB is committed to improving the quality of life of our employees, customers, and the communities we serve.
One of the oldest and largest community banks in Massachusetts, Cambridge Savings Bank offers a full line of individual and business banking services across a robust Massachusetts-based branch network and through digital banking solutions for commercial, small business and consumer customers.
In March 2023, Kroll Bond Rating Agency affirmed CSB's investment-grade rating, reinforcing the bank's position as a reliable business lender.
To learn more about how CSB can meet your needs, visit us at , or better yet, come meet us to help you make the most out of your banking relationship.
Member FDIC. Equal Housing Lender. NMLS #
Cambridge Savings Bank is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.
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