Collateral Management Specialist — Loan Docs & Compliance

OceanFirst Bank; Toms River (NJ); On-site; USD 65,000 - 90,000; Full time

Benefits offered by this job

On-site fitness facility at Red Bank &

Employee perks & discount programs

Tuition assistance

Incentive compensation program

Professional development opportunities

And more!

Job summary

OceanFirst Bank is seeking a Collateral Management Loan Specialist to review and maintain collateral documentation, ensure lien perfection, and support insurance compliance. You will guide staff on complex documentation, perform detailed research, and help resolve inquiries across multiple departments.

The role requires strong communication, attention to detail, and knowledge of core banking, tax tracking, and insurance systems, with opportunities for professional development and growth within

Qualifications

• Clear and concise communication abilities; strong written and verbal skills.
• Excellent attention to detail and organizational capabilities in high-volume processing.
• Ability to read and understand loan documents, security agreements, UCC filings, and insurance policies.

Responsibilities

• Supports operational efficiency by ensuring tasks are completed accurately and timely, handling customer inquiries professionally.
• Assists with reviews for completeness of collateral records, tax, escrow, and insurance data in core systems.
• Conducts research on loan files and property records to resolve inquiries and provide subject matter guidance on collateral documentation, tax, and insurance issues.
• Completes and reviews collateral releases across collateral types, ensuring lien release accuracy and regulatory compliance.
• Reviews UCC filings, continuations, amendments, and terminations to verify statutory perfection of interests.
• Reviews insurance policies, declarations pages, endorsements, and certificates to confirm coverage requirements; identifies deficiencies.
• Provides guidance to internal teams on insurance documentation standards and correction procedures.
• Assists with audits, loan sales, and external requests; stays current with core banking and collateral systems.
• Keeps knowledge up to date on systems including core banking, tax tracking, insurance tracking, and collateral tracking.
• Develops and updates departmental procedures to align with regulatory standards and best practices.
• Recommends process improvements to reduce operational, compliance and legal risk.
• Cross trains to support collateral management functions including releases, payoff quotes, UCC, tax and insurance processing.
• Supports compliance for Loan Operations and assists with conversions, mergers and special projects.

Skills

Verbal communication

Written communication

Attention to detail

Organization

Loan doc review

Tools

Bank systems

MS Office

Loan origination systems

Job description

OceanFirst Bank is seeking a Collateral Management Loan Specialist to review and maintain collateral documentation, ensure lien perfection, and support insurance compliance. You will guide staff on complex documentation, perform detailed research, and help resolve inquiries across multiple departments.

The role requires strong communication, attention to detail, and knowledge of core banking, tax tracking, and insurance systems, with opportunities for professional development and growth within