Commercial Loan Documentation Specialist I

Beacon Bank; Worcester (MA); On-site; USD 28,000 - 44,000; Full time

Job summary

Beacon Bank in Worcester, MA is seeking a Documentation and Loan Specialist I to review commercial loan documents, ensure perfection of collateral, and manage onboarding and modifications in the loan system. The role emphasizes accuracy, turnarounds, and adherence to procedures.

The position requires a Bachelor’s degree or equivalent experience, 2+ years in commercial loan documentation, and strong MS Office skills. It is a non-exempt, full-time role based in Worcester with typical banking hours.

Qualifications

• Bachelor's degree or equivalent experience required.
• Proficient with Microsoft Office (Word/Excel) and the Internet.
• Strong verbal and written communication skills.
• Ability to multitask and stay organized.

Responsibilities

• Review loan approvals for policy compliance and risk mitigation.
• Coordinate changes to attorney-prepared documents before closing; liaise with counsel and Relationship Manager.
• Assist in loan closings, support funding and fee management; review documents post-closing.
• Provide follow-up on loan exceptions and reconcile pre-closing expenses in system.
• Ensure compliance with banking laws and internal policies to reduce risk.

Skills

Strong communication

Multitask

Organizational skills

Attention to Detail

Education

Bachelor's Degree or equivalent experience

Tools

Microsoft Office

Job description

Beacon Bank in Worcester, MA is seeking a Documentation and Loan Specialist I to review commercial loan documents, ensure perfection of collateral, and manage onboarding and modifications in the loan system. The role emphasizes accuracy, turnarounds, and adherence to procedures.

The position requires a Bachelor’s degree or equivalent experience, 2+ years in commercial loan documentation, and strong MS Office skills. It is a non-exempt, full-time role based in Worcester with typical banking hours.