Senior Commercial Loan Administrator

This is a fully remote position, open to applicants in New York.

📋 Description

• Act as the main liaison between Lending Teams and Operations throughout the duration of assigned commercial loan portfolios.

• Collaborate with Lending Teams, Operations, Attorneys, and Borrowers.

• Execute KYC procedures and complete entity setup within loan systems.

• Prepare Loan Setup documentation and closing checklists.

• Assist with collateral due diligence, flood searches, and flood documentation.

• Process good faith deposits and balance debits and credits for disbursements.

• Coordinate pre-closing tasks for new loans, modifications, extensions, and renewals.

• Oversee and coordinate insurance requirements.

• Review draft loan documents for compliance with policy, credit approval, and system compatibility.

• Confirm funding instructions, obtain clear-to-close forms, ensure account balances, and transfer complete closing packages to Loan Operations.

• Assist Treasury Deposit Services with account openings and online services.

• Conduct quality control assessments on loan and lending systems.

• Follow up on missing or outstanding documentation, including insurance and financial statements.

• Address customer inquiries such as balance requests, loan statements, interest rate options, and extensions.

• Evaluate advance requests, circulate for approval, and submit to Loan Operations.

• Manage internal loan system administrative coding adjustments.

• Participate in internal projects aimed at enhancing lending processes and middle-office capabilities.

⛳️ Requirements

• Bachelor’s Degree in a relevant field or equivalent experience through a combination of work history, training, military service, or education — Required.

• Over 5 years of experience in commercial lending loan administration and/or closing in transactions ranging from $10MM to $50MM+.

• More than 5 years of experience in account relationship management — Required.

• Strong organizational, planning, and time management abilities.

• Capacity to handle multiple tasks simultaneously.

• High confidence in reviewing and interpreting legal loan documents and contract terms.

• Exceptional oral and written communication skills.

• Strong interpersonal and negotiation capabilities.

• Ability to interact with all management levels.

• Adaptability and flexibility in a changing environment.

• Outstanding analytical skills along with investment and business insight.

• Keen attention to detail.

• Ability to positively contribute to team dynamics under pressure while managing routine tasks.

• Experience in identifying financial documents, including audits, year-to-date financials, and credit agreements.

• Proficient in working with both internal and external customers.

• Legally eligible to work full-time in the United States without employer sponsorship.

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

🏝️ Benefits

• Competitive and equitable rewards package.

• Benefits structured to support employees, their families, and overall well-being.

• Inclusive and accessible application process.

• Reasonable accommodations available for individuals with disabilities.