Commercial Lending Administrator

Northern Bank; Woburn (MA); On-site; USD 41,328 - 53,726; Full time

Job summary

A regional commercial bank is seeking a Commercial Lending Administrator in Woburn, MA. This role involves preparing and reviewing loan documentation, collaborating with loan officers, and ensuring compliance with internal policies and credit terms. Candidates should possess a Bachelor's degree in Finance or related fields, alongside experience in Commercial Lending Operations. The compensation ranges from $30.00 to $39.00 hourly depending on experience.

Qualifications

• Experience with commercial real estate, construction loans, or complex lending transactions preferred.
• Thorough understanding of commercial documentation, credit memos, and closing process.

Responsibilities

• Prepare and review loan documentation including notes and agreements.
• Collaborate with loan officers and credit teams to ensure closing readiness.

Skills

Attention to detail

Problem-solving

Analytical skills

Organizational skills

Team collaboration

Education

Bachelor’s degree in Finance, Business Administration, Accounting or related field

2-5 years experience in Commercial Lending Operations or Paralegal

Tools

nCino/Salesforce

Microsoft Office

Job description

SUMMARY/OBJECTIVE

At Northern Bank, assisting small business owners grow their company is our passion. Our commercial lending team is focused on delivering exceptional service throughout the life cycle of a loan. From inception, through underwriting, to the loan closing process, we are committed to operational excellence, superior customer service, and continuing to help business owners succeed and grow.

The Commercial Lending Administrator is responsible for preparation, review and finalization of commercial loan documents from approval through closing and funding. This role ensures all loan documentation is accurate, complete, and compliant with internal policies, regulatory requirements, and approved credit terms. The Commercial Lending Administrator works closely with loan officers, credit teams, and legal counsel to facilitate efficient loan closings.

ESSENTIAL FUNCTIONS

• Prepare and review loan documentation, including promissory notes, loan agreements, security agreements, and other required closing documents
• Verify loan approval terms and conditions to ensure accuracy and compliance with credit approvals and underwriting requirements
• Collaborate with internal and external departments such as loan officers, credit and legal to resolve documentation, conditions or collateral issues prior to closing to ensure closing readiness
• Review and approve insurance certificates for proper coverage prior to closing
• Coordinate loan funding and disbursement with utilization of settlement statements and legal invoices
• Preparation of Modification Documents on existing loans
• Maintain and manage closing checklists to track completion of required documents, approvals and conditions
• Monitor pipeline reports to ensure transactions are completed within required deadlines
• Perform additional ad hoc duties as requested

JOB QUALIFICATIONS

• Bachelor’s degree in Finance, Business Administration, Accounting or a related field or a minimum of 2-5 years’ experience in Commercial Lending Operations and/or Paralegal is preferred
• Thorough understanding of commercial documentation, credit memos and closing process
• Experience with commercial real estate, construction loans, or complex lending transactions is preferred
• Excellent attention to detail and document review skills
• Strong problem-solving and analytical skills
• Ability to stay well organized and prioritize workflow in a multi-tasking environment
• Ability to work independently as well as in collaboration with a team
• Experience with nCino/Salesforce is desirable
• Proficient computer skills, including the ability to work efficiently with loan processing systems
• Advanced proficiency in Microsoft Office products, including Microsoft Word, Excel, and Outlook

Compensation

Hourly rate range for the Commercial Lending Administrator is $30.00 to $39.00 per hour