Sr Loan Administrator (NE)

Cathay Bank; Rosemead (CA); On-site; USD 49,662 - 52,982; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

Life insurance

401(k)

Flexible spending accounts

Job summary

Cathay Bank is seeking an experienced professional to prepare and review loan documents for commercial loans in Rosemead, California. Responsible for ensuring all documents are executed and conditions fulfilled, candidates must have strong communication skills and commercial lending experience.

This full-time position offers a comprehensive benefits package, including medical, dental, vision insurance, a 401(k), and potential for bonuses based on performance.

Qualifications

• Minimum of three years in commercial lending or banking experience.
• Knowledge of lending regulations and commercial lending documents.
• Preferred experience with loan closing processes.

Responsibilities

• Prepare and review loan documents for commercial loans.
• Coordinate meetings with legal sources and title companies.
• Ensure loan documents are accurate and comply with regulations.
• Work on loan closing and post-funding jobs.

Skills

Loan document generation using LaserPro

PC proficiency

Strong verbal communication

Strong written communication

Ability to work independently

Education

College graduate with major in accounting or business

Job description

General Summary

Responsible for the preparation/review (attorney prepared) loan documents for commercial loans. Obtain and review all necessary loan information to prepare/review adequate loan documents and take appropriate action on any issues. Acts as a liaison with internal and external sources, coordinate meetings with related parties as needed, working with title companies as well as internal and external legal sources. Coordinates loan closing, ensuring that all loan documents are properly executed, all terms and conditions are fulfilled, and collateral position is perfected within the allowed time frame.

Essential Functions

• Review all necessary loan information to prepare appropriate loan documents, including loan approvals, appraisals, borrowing authority documentation, title information, demand, and any additional information as needed to perfect the bank’s position and reflect the terms of the loan approvals. Take appropriate action on any issues that arise to meet the requested document due date.
• Prepare or review attorney prepared/LaserPro complex loan documents (i.e., Asset Based, complex Construction, complex International Trade Finance, SBA, Syndication, Participation, etc.) based upon loan approvals, adhere to bank policies and procedures.
• Participate in loan document discussion with bank legal/outside counsel and relationship manager. Ensure loan documents are accurate, complete, and in compliance with all federal and state laws and regulations.
• Work with the Legal Department or outside counsel when appropriate to coordinate the preparation of loan documents or to obtain specific legal language as needed. Determine whether standard documents can be used, or if assistance from the Legal Department is required in the document preparation.
• Communicate, if applicable, with the loan officer to ensure that all title issues are satisfied: comprehensive recording instructions to the title company are prepared and delivered.
• Work on loan closing/funding, ensuring that all loan documents are properly executed and approved by the loan officers as appropriate; terms and conditions are fulfilled; loan is closed and funded accurately and within established time frame.
• Perform post funding jobs including but not limited to collateral perfection, tax service, UCC filings, tickers, ensure lien position and follow up trailing documents.
• Other duties as assigned by supervisor/manager.

Qualifications

• Education: College graduate with major in accounting or business preferred but not required.
• Experience: Minimum three or more years in commercial lending or banking experience with working knowledge of lending regulations. Knowledge of commercial lending documents and loan closing process preferred.
• Skills/Ability: Generate loan documents using LaserPro. PC proficient. Strong verbal and written communication skills. Ability to work independently with minimal supervision.

Other Details

$36.05 – $38.46 / hour. Pay determined based on job-related knowledge, skills, experience, and location. This position may be eligible for a discretionary bonus.

Cathay Bank offers its full-time employees a competitive benefits package which is a significant part of their total compensation. It includes coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, flexible spending accounts (FSAs), health savings account (HSA) with company contributions, voluntary coverages, and 401(k).

Equal Opportunity Statement

Cathay Bank is an Equal Opportunity and Affida tive Action Employer. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex (including pregnancy and related medical conditions, childbirth and breastfeeding), reproductive health decision-making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law.