Commercial Loan Administrator

Primepoint, LLC; Hamilton (NJ); On-site; USD 45,000 - 55,000; Full time

Benefits offered by this job

401(k)

401(k) matching

Employee assistance program

Flexible spending account

Health insurance

Health savings account

Paid time off

Vision insurance

Job summary

First Bank in New Jersey is seeking a Commercial Loan Administrator I to support Relationship Management by handling pre- and post-closing tasks, collecting and reviewing documents to close loans according to approvals and procedures.

The role requires detail orientation, ability to meet deadlines, and good communication within the department. Experience in banking or title work is helpful; HS diploma required.

Qualifications

• Entry-level possible with 6–12 months banking/clerical exposure.
• Strong attention to detail and accuracy.
• Ability to manage multiple tasks to deadlines.
• Clear communication within and outside the department.
• Willingness to learn bank systems.

Responsibilities

• Prepare customer forms for signature and regulatory disclosures.
• Review draft and final loan documents for disclosures.
• Verify pre-closing conditions and funding calculations.
• Review title commitments, insurance, appraisals, collateral.
• Ensure loan compliance with policy and regulatory requirements.
• Review post-closing packages and follow up on outstanding items.
• Scan, upload documents to bank system.
• Maintain loan files and manage exceptions.
• Monitor expiring items and request information timely.
• Prepare loan advance requests and initiate funding wires.

Skills

Organization

Time management

Problem solving

Communication

MS Office

Education

High School diploma

Tools

Microsoft Word

Excel

Outlook

Job description

The Commercial Loan Administrator I will provide support to the Relationship Management teams by performing the pre- and post-closing tasks for approved commercial loans by collecting, preparing, and reviewing various documents to close loans in accordance with loan approvals, policies, and procedures. The candidate in this role must be a self-starter committed to identifying and solving problems and meeting deadlines without reminders; demonstrate a “can do” and “how can I help?” attitude.

• Prepare customer forms for signature including but not limited to CIP forms, entity certification forms, regulatory disclosure forms.
• Review of all draft and final loan documents to verify all terms and conditions are properly disclosed.
• Verify all pre-closing conditions have been satisfied and funding/disbursement calculations are accurately documented prior to closing.
• Review title commitments, insurance certificates, appraisal reports and other collateral items.
• Ensure the loan is compliant with bank policy and regulatory requirements.
• Review of all post-closing packages to ensure all documents have been fully signed and received, while providing follow-up for any outstanding items identified.
• Scanning and uploading of all documents and forms to bank system in accordance with the guide and bank procedure.
• Maintain loan files throughout the life of the loan and follow-up and clear exceptions and outstanding collateral items.
• Monitor expiring items and request information in a timely manner.

Other Tasks:

• Prepare loan advance requests.
• Initiate loan funding wires.
• Process incoming and outgoing correspondence.
• Submit invoices for loan related fees.
• Other duties assigned.

Qualifications Required:

The ideal candidate will have some exposure to loan processing or loan closings in a banking environment, real estate title agency, or paralegal experience. The following are required competencies for the role:

• Strong organizational, time management and prioritizing skills, with a high degree of accuracy and attention to detail ensuring deadlines are met and no details are overlooked.
• Reasoning skills necessary to solve problems and interpret a variety of instructions.
• Ability to prioritize and complete multiple tasks within established timeframe while concentrating on quality.
• Able to communicate clearly and foster communication within their department and outside of the department.
• Proficiency with Microsoft Word, Excel, and Outlook, with the ability to learn the Bank's computer-based systems.

Education and/or Experience:

• While this can be an entry-level position, six to twelve months related experience in banking, clerical work, or title company would be beneficial. High School diploma required.

First Bank is an EEO/AA Employer, M/F-Disabled-Veteran and LGBTQ+ can apply to our company for employment opportunities.

J ob Type: Full-time

Salary: From $50,000.00 per year

• 401(k)
• 401(k) matching
• Employee assistance program
• Flexible spending account
• Health insurance
• Health savings account
• Paid time off
• Vision insurance

Schedule:

• 8 hour shift
• Monday to Friday

Ability to commute/relocate:

• Trenton, NJ 08690: Reliably commute or planning to relocate before starting work (Required)

Experience:

• Fair Housing regulations: 1 year (Preferred)