Collateral Management Loan Specialist

ofbexternal; Toms River (NJ); On-site; USD 53,000 - 71,000; Full time

Benefits offered by this job

On-site fitness facility at Red Bank &

Tuition assistance

Incentive compensation program

Professional development opportunities

Employee perks & discounts

Job summary

OceanFirst Bank is seeking a Collateral Management Loan Specialist to provide technical expertise in reviewing, preparing, and maintaining collateral documentation for secured lending. You will ensure compliance with lien perfection, insurance, and tax requirements while guiding staff through complex documentation and risk analysis.

You will support audits, respond to inquiries, and help optimize collateral workflows across the department, working with cross-functional teams.

Qualifications

• High School Diploma or equivalent required.
• 3–5 years experience in loan servicing, collateral management, or related role.
• Ability to read loan documents including security, UCC filings, and insurance.
• Detail oriented with strong organizational skills.

Responsibilities

• Review, prepare, and maintain collateral documentation for secured lending.
• Ensure lien perfection, insurance compliance, and regulatory adherence.
• Research loan files and property records to resolve inquiries.
• Assist with collateral releases and tax/insurance processing.
• Support audits, loan sales, and external requests as needed.
• Stay current with core banking and collateral tracking systems.

Skills

Strong communication skills

Detail oriented

multitasking ability

Proficiency in Bank systems

MS Office proficiency

Strong research skills

Education

High School Diploma or equivalent

Tools

Bank systems

Loan operation programs

Job description

At OceanFirst Bank, each one of our employees plays an important role in delivering value to our customers and executing daily tasks in accordance with our core values. We recognize that our employees are essential to our success, making OceanFirst a great place to work and do business.

Great benefits include: on-site fitness facility at Red Bank and Toms River headquarter offices, employee perks & discount programs, tuition assistance, incentive compensation program, professional development opportunities, and more!

ABOUT YOUR ROLE

The Collateral Management Loan Specialist provides technical expertise and oversight for the review, preparation, and maintenance of collateral documentation supporting secured lending. This role ensures adherence with regulatory requirements, internal policies and procedures related to lien perfection, collateral release processes, and insurance compliance. The Collateral Management Loan Specialist serves as a resource to staff by offering guidance on complex documentation, tax and insurance matters, risk identification, and process execution. The Collateral Management Loan Specialist conducts detailed research, reviews recorded and loan documents, supports internal and external inquiries, and contributes to smooth operational workflow across the department.

WHAT YOU WILL DO LIST

• Supports operational efficiency by ensuring tasks are completed accurately and timely and customer inquiries are handled promptly and professionally, creating a reliable and positive experience for borrowers, internal parties and third-party agents.
• Assists with reviews for completeness of collateral records, tax, escrow, and insurance data maintained on the core system and data records tracked by third-party vendors used by collateral management team.
• Assist team members by conducting comprehensive research on loan files, documents, and property records to resolve internal and external inquiries, while providing subject matter expertise on collateral documentation, tax, and insurance issues.
• Completes and review full and partial collateral releases across all collateral types, applying legal document review skills to ensure accuracy, proper lien release, and compliance with state and federal requirements.
• Ensures collateral documentation across all collateral types meet standards for lien perfection, priority, and enforceability. Reviews UCC filings, continuations, amendments, and terminations to verify that all filings satisfy statutory requirements for establishing or maintaining perfected security interests.
• Reviews insurance policies, declarations pages, endorsements, and certificates to confirm they meet loan and collateral coverage requirements.
• Identifies and communicates deficiencies in coverage, naming conventions, endorsements, and policy limits.
• Provides subject matter guidance to internal teams regarding insurance documentation standards and correction procedures.
• Assists with gathering of information for audits, loan sales and other external requests as needed.
• Keeps current knowledge of all related systems including but not limited to the core banking system, tax tracking, insurance tracking, loan origination, and collateral tracking systems used by the Collateral Management Team.
• Reviews, develops, and updates department procedures, ensuring alignment with regulatory requirements, legal standards, and current departmental practices.
• Recommends improvements to enhance efficiency and reduce operational, compliance and legal risk.
• Cross trains to support functions including in collateral management including collateral releases, payoff quotes, UCC, tax and insurance processing,
• Understands the compliance requirements for Loan Operations to ensure files are maintained in accordance with regulations.
• Assists with conversions, mergers and other special projects.

WHAT WE EXPECT OF YOU

• Strong verbal, written, communication and interpersonal skills.
• Ability to read and understand loan documents including security agreements, mortgage documents, UCC filings, and insurance policies.
• Detail-oriented and organizational skills.
• Ability to manage various assignments simultaneously and meet required deadlines.
• Computer proficiency in Bank systems, MS Office Suite, and loan operation programs.
• Strong research skills, including the ability to review public records, property searches, recorded liens, and supporting legal filings.

YOUR QUALIFICATIONS

• High School Diploma or equivalent required.
• 3-5 years experience in loan servicing, collateral management, or related role.

INTERNAL AND EXTERNAL CONTACTS

• Internal customer service including but not limited to Branch personnel, Commercial Closing teams, Small Business Lending, Commercial Lending Team, Special Asset Department, Deposit Operations, Auditors, etc.
• External customer service with customers, vendors, attorneys, and title companies, county clerk offices.

WORKING CONDITIONS/PHYSICAL REQUIREMENTS

• Office environment.
• Ability to operate a computer.
• Ability to communicate in order to exchange simple to complex information with individuals and groups.
• Ability to travel throughout Bank footprint.

Salary Range: $53,315.00 - $71,080.00