Commercial Loan Administrator III

BayVanguard Bank; Dundalk (MD); On-site; USD 75,000 - 105,000; Full time

Job summary

BayVanguard Bank is seeking a Commercial Loan Administrator III to manage the closing process for commercial loans in Dundalk, MD. The role requires collaboration with bank attorneys, loan officers, and third parties to ensure accurate, complete closing files.

The candidate will prepare loan documents, coordinate funding, and handle post-closing issues, while maintaining high standards of confidentiality and regulatory compliance.

Qualifications

• 7+ years of Commercial Loan Administration or equivalent experience.
• Knowledge of Sold and Purchased Participation Loan closings.
• Proficient with Microsoft Office and Laser Pro software.
• Strong oral and written communication skills.
• Strong analytical and research skills.
• Ability to meet deadlines.
• Ability to maintain the confidentiality of credit and customer information.
• Good interpersonal skills and team orientation.

Responsibilities

• Coordinate loan closings with Loan Officers, bank attorneys and third parties; ensure files are complete and ready for closing.
• Schedule pre-closing meetings with Loan Officers.
• Prepare in-house and Laser Pro loan documents for commercial transactions, including modifications and renewals.
• Process loan funding per loan conditions, including construction loans and bonds/lines.
• Manage post-closing document exceptions and follow up on missing items.
• Assist Loan Officers in collecting financial documents related to their loan portfolio.

Skills

Oral & Written Communication

Analytical Skills

Deadline Management

Confidentiality

Interpersonal Skills

Tools

Microsoft Office

Laser Pro

Job description

The Commercial Loan Administrator III will be responsible for all related loan closing matters which include but are not limited to completing a pre-closing review of the loan and credit file.Review and interpret all related legal documentation for completeness and accuracy. Act as a liaison between the bank attorneys, Loan Officers, and all other related third parties to coordinate and facilitate the loan closing.

Requirements

• Coordinating loan closings with Loan Officers, bank attorneys and all other related third parties, which includes but is not limited to: clearing completed loan files for closing, preparing the documentation checklist, confirming that any outstanding documents needed to close a loan have been collected, preparing tax and insurance escrow analysis when required and verifying escrow to be collected, review and confirm insurance certificates have adequate coverage including flood and content policies, and reviewing loan documentation prior to closing.
• Scheduling pre-closing meetings with Loan Officers.
• Preparing in-house and Laser Pro loan documents for commercial transactions, to include modifications and renewals.
• Processing loan funding in accordance with the loan conditions. To include, but not limited to, construction loans and margined lines of credit.
• Managing post-closing document exceptions.
• Assisting the Loan Officer in the collection of financial documents related to their loan portfolio.

Qualifications

• 7 or more years of Commercial Loan Administration or equivalent years of related work.
• Knowledge and experience with Sold and Purchased Participation Loan closings.
• Proficient knowledge of Microsoft Office and Laser Pro software.
• Strong oral and written communication skills.
• Strong analytical and research skills.
• Ability to meet deadlines.
• Ability to maintain the confidentiality of credit and Customer information.
• Good interpersonal skills and team orientation.
• Must be eligible for employment under regulatory standards applicable to the position.
• The requirements listed above are representative of the knowledge, skill, and/or ability required.

Reasonable accommodations can be made to enable individuals with disabilities to perform the essential functions.

BayVanguard Bank is an Equal Opportunity Employer and gives full consideration to all qualified applicants and does not discriminate on the basis of any protected class or trait including race, religion, color, sex, sexual orientation, gender identity, national origin, disability or veteran status.