Senior Commercial Loan Administrator

This is a fully remote position, open to applicants in Connecticut, +2 more states.

📋 Description

• Perform quality assurance evaluations of commercial loan documentation to verify data integrity, accuracy, and consistency with loan boarding sheets and all associated loan systems.

• Collaborate with the Lines of Business (LOB) to review draft loan documents, ensuring compliance with bank policy, credit approval terms, and compatibility with loan systems.

• Aid internal audit and compliance teams by generating samples to facilitate targeted reviews.

• Utilize insights gained from quality control evaluations to suggest updates to procedures aimed at improving operational efficiency.

• Provide data inputs for key performance indicators (KPI) reporting to track compliance with quality control standards.

• Follow up on outstanding items and ongoing documentation issues such as expired or cancelled insurance (collaborate with operations to ensure prompt force placement when necessary).

• Support Project Managers (PMs) with follow-ups for additional items such as financial statements, covenants, manual tax monitoring, etc.

• Assist PMs with client due diligence tasks (e.g., credit report retrieval, loan confirmations).

• Facilitate "lighter touch" customer inquiries (e.g., balance inquiries, loan statement requests, interest rate options, extensions, etc.), collaborating with the LOB for approvals and Operations for execution.

• Review advance requests, circulate them for approval, and forward to Loan Operations for processing.

• In accordance with bank policies and procedures, coordinate administrative coding changes in the internal loan system with Loan Operations.

• Engage in internal projects aimed at enhancing the lending process, expanding middle office capabilities, and supporting the Lines of Business and Operations.

⛳️ Requirements

• A Bachelor’s Degree in Arts/Sciences (BA/BS) from an accredited college or university is preferred.

• 5-7 years of prior experience in paralegal work, commercial lending loan administration, and/or closing on $10MM-$50MM+ commercial transactions within borrower segments (C&I, CRE, Sponsor & Specialty, ABL, etc.) is required.

🏝️ Benefits

• Comprehensive development opportunities.