Commercial Booking Associate II

OceanFirst Bank; Toms River (NJ); On-site; USD 60,000 - 75,000; Full time

Job summary

OceanFirst Bank is seeking a Commercial Booking Associate II to board externally documented commercial loans, including renewals and extensions, and to ensure proper processing within core systems. The role involves second day review and coordinating with external counsel to ensure accuracy and compliance.

The position requires familiarity with complex lending transactions, strong communication, and meticulous attention to detail, supporting a reliable and compliant commercial lending operation

Qualifications

• General knowledge of the lending process and the policies and procedures governing commercial lending.
• Understanding of commercial loan documentation and concepts for loan booking of large loans.
• Ability to interpret external counsel documents and ensure proper boarding of loans.

Responsibilities

• Utilize the loan operating systems to board new, renewed, extended and modified loans.
• Maintain knowledge of real estate, ABLOC, SWAP loans, syndications and participations to compare with loan approvals.
• Complete daily second day boarding verification for externally documented loans.
• Respond to inquiries from internal and external servicing and lending departments regarding changes to loan boarding data.
• Review loan closing and modification documents and propose necessary changes for operation control.
• Track and assign booking department responsibilities as needed.
• Maintain compliance with loan closings and operations regulations.

Skills

Interpersonal skills

Verbal and written communication

Detail-oriented

Organizational skills

Confidentiality

Tools

MS Office Suite

Salesforce

Fiserv Premier

Job description

At OceanFirst Bank, each one of our employees plays an important role in fulfilling the mission and taking responsibility to execute daily tasks in alignment with our core values. Together we foster an environment of respect, professionalism and diversity that makes 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

Prepare and board commercial loans as part of the Commercial Closing department. The primary function includes boarding externally documented new loans, renewals and extensions. The Commercial Booking Associate II ensures documentation prepared by external counsel is properly executed and processed on the Bank's core operating systems. In addition, the duties include conducting a second day review of boarded loans.

What You Will Do

• Utilize the Commercial Loan operating systems, in order to effectively board new, renewed, extended and modified loans.
• Maintain a solid working knowledge of high level commercial lending transactions, including real estate, ABLOC, SWAP loans, syndications and participations. Review and understand concepts set forth in the promissory note and various other documents securing loans in order to make an accurate comparison with the Bank's internal loan approval to properly board loans.
• Ensure completion of assigned daily department second day boarding verification requirements for externally documented commercial loans.
• Timely respond to inquiries from various internal and external servicing and lending departments regarding changes and modifications to existing and new loan boarding data for assigned loans.
• Review loan closing and modification documents and offer necessary changes in response to inquiries for operation control group compliance.
• Track and assign various booking department responsibilities as needed.
• Knowledge of applicable compliance requirements for loan closings and operations in order to respond to booking inquiries

What We Expect Of You

• General knowledge of the lending process and ability to interpret the policies & procedures governing commercial lending.
• Understanding of sophisticated commercial loan documentation and concepts related to the loan booking process for large commercial loans, including real estate, ABLOCs, swaps, syndications, and participations.
• Working knowledge of general regulations governing the banking industry, as well as agency guidelines and organization policies.
• Strong interpersonal skills, including ability to effectively communicate with internal commercial customers, attorneys and participating bank personnel.
• Strong verbal and written communication skills.
• Detail-oriented with solid organizational skills.
• Proficient in MS Office Suite, with knowledge of Salesforce and Fiserv Premier or similar platform programs required.
• Ability to maintain the confidentiality of credit and customer information.