Commercial Loan Administrator I or II

Union Bank of VT/ NH; Morristown (VT); On-site; USD 28,000 - 34,000; Full time

Benefits offered by this job

Paid Time Off

Health Insurance

Dental Insurance

Life Insurance

401K retirement plan

Bankers' hours

Federal holidays paid

Job summary

Union Bank is seeking a Commercial Loan Administrator I or II to support administration, documentation, and closing of commercial loan transactions. The role requires coordinating due diligence, approval conditions, collateral documents, and post-closing activities.

Work will involve collaboration with Commercial Lenders, Credit Analysts, Portfolio Managers, and external partners to ensure timely, compliant closings. Branch placement may vary by office availability.

Qualifications

• High school diploma or equivalent required; Associate's or Bachelor's degree preferred.
• Banking, lending, legal, administrative, documentation, real estate, or related experience preferred.
• Strong organizational and administrative skills.
• Basic understanding of business and financial documentation preferred.
• Ability to learn commercial lending processes and documentation requirements.
• Proficiency with Microsoft Office and applicable banking systems.
• Strong attention to detail and commitment to accuracy.
• Ability to work effectively in a deadline-driven environment.

Responsibilities

• Support the administration, documentation, and closing of commercial loan transactions.
• Coordinate documentation, due diligence, and approval condition tracking.
• Assist with collateral documentation, closing preparation, and post-closing follow-up.
• Collaborate with lenders, analysts, portfolio managers, and external partners to ensure accurate, timely closings.
• Provide services at branch locations based on office availability.

Skills

Organizational skills

Administrative skills

Attention to detail

Deadline-driven

Learning ability

Microsoft Office

Education

High school diploma or equivalent

Associate's or Bachelor's degree preferred

Tools

Microsoft Office

Banking systems

Job description

Description

Union Bank has called Vermont home since 1891 - and we're proud of our local roots. We're a modern, community-focused bank where people come to grow their careers and make a difference. We offer strong benefits, support continuing education, and believe in promoting from within. Our CEO's journey from teller to the top is just one example. If you're looking for purpose, opportunity, and a team that cares, you'll find it here!

Summary:

The Commercial Loan Administrator I or II is responsible for supporting the administration, documentation, and closing of commercial loan transactions. The position works closely with Commercial Lenders, Credit Analysts, Portfolio Managers, Loan Administration staff, attorneys, title companies, borrowers, and other internal and external partners to facilitate accurate, timely, and compliant commercial loan closings.

The Commercial Loan Administrator I or II assists with documentation coordination, due diligence collection, approval condition tracking, collateral documentation, closing preparation, and post-closing follow-up activities. The role serves as an important partner in the commercial lending process by helping ensure approved transactions are properly documented, closed, booked, and maintained in accordance with Bank policy and regulatory requirements.

This position may be performed at different branch locations based on office availability

Why work with us?

While working for a VT Based company that makes a difference in our VT and NH communities, you can enjoy the following perks:

• Generous Paid Time Off
• Health, Dental, and Life Insurance
• Partially paid Short and Long-Term Disability
• Company-matched 401K retirement account
• Bankers' hours
• Paid Federal Holidays

Requirements

• High school diploma or equivalent required; Associate's or Bachelor's degree preferred.
• Banking, lending, legal, administrative, documentation, real estate, or related experience preferred.
• Strong organizational and administrative skills.
• Basic understanding of business and financial documentation preferred.
• Ability to learn commercial lending processes and documentation requirements.
• Proficiency with Microsoft Office and applicable banking systems.
• Strong attention to detail and commitment to accuracy.
• Ability to work effectively in a deadline-driven environment.

Salary: $20-$25/ hour