East Cambridge Savings Bank’s
Commercial Lending Department is actively recruiting for a Commercial
Loan Assistant.
Function:
Under
the direction of the Vice President - Commercial Loan Operations Manager,
performs a variety of administrative tasks in connection with the commercial
lending function.
We are looking for a candidate with:
1-3 years’ experience in a Commercial Lending environment
Bachelor’s degree or equivalent through specialized coursework and
training
Must be detail oriented with strong organizational and verbal
communication skills
Working knowledge of Microsoft Word and Excel
Working knowledge of LoanVantage preferred
Ability to perform a variety of tasks simultaneously while adhering to
guidelines
EssentialJobFunctions:
Assembles and verifies accuracy of loan documentation and check
documents for proper vesting, legal descriptions, closing dates and signatures.
Maintains new and paid commercial loan files and ensure that loan
files contain documents with proper signatures, dates and other relevant
data. Reports discrepancies to Vice
President – Commercial Loan Operations Manager.
Monitors UCC and/or other security documents on a regular basis.
Prepares renewal or termination documents as necessary. Assists with requesting
financial statements from commercial borrowers on an annual basis. Compiles financial data for review by Credit
Analyst. Follows up on requested information/documentation to ensure receipt.
Prepares BOI presentation forms for approval of new commercial non-real
estate loans. Prepares disposition correspondence including commitment letters
or adverse action and/or denied documentation, and in-house closings of newly
approved commercial non-real estate loans.
Prepares all necessary loan documents for loan closings, either in-house
or by attorney.
Ensures that loans are processed in accordance with all the terms and
conditions of the credit approval and all applicable regulatory guidelines.
Updates the SBA remittance fee due report on all SBA loans on a
monthly basis. Prepares the necessary closing documents for commercial loans.
Assists Vice President – Commercial Loan Operations Manager in
handling all documentation related to Commercial real estate. Monitors application pipeline, and follows up
on appraisals, 21E reports, and financials.
Reviews and packages loans for approval by Management.
Assists Vice President – Commercial Loan Operations Manager by
responding to inquiries from customers, attorneys and other Bank personnel as
needed to resolve problems. Acts as
liaison with attorneys prior to and during closings to ensure accurate and
consistent documentation.
Documents all loan underwriting and processing activities related to
Commercial loans on a daily basis.
Ensures proper due diligence and CIP/ CDD Beneficial Ownership
requirements are met prior to closing the loan, working with the Commercial
Lending Officers as needed.
Prepares and follows construction advances and closed loans. Coordinates a draw request for Construction
Loans between customers and outside construction consultants and payouts.
Responsible for maintaining all documentation for Participation Loans
serviced by ECSB or others.
Leads a variety of customer service activities as it pertains to
commercial customers, including responding to requests, researching
discrepancies and resolving issues.
Contacts attorneys, appraisers, insurance companies and other applicable
parties for miscellaneous information and documentation.
Supportive
Functions:
Performs all related lending tasks and special projects as may be
required or assigned.