Commercial Post Closing Associate

OceanFirst Bank; Toms River (NJ); Hybrid; USD 48,000 - 62,000; Full time

Benefits offered by this job

On-site fitness facility

Employee perks & discount programs

Tuition assistance

Incentive compensation program

Professional development opportunities

Job summary

OceanFirst Bank is seeking a detail-oriented post-closing specialist to support the Commercial Closing department in booking new loans, renewals and extensions. You will ensure all documents are properly executed, recorded, and reconciled across core systems.

The role requires knowledge of lending processes and banking regulations, strong communication with customers and internal teams, and proficiency in MS Office and Fiserv.

Qualifications

• General knowledge of lending process and documentation, and ability to interpret policies & procedures governing commercial lending.
• Working knowledge of general regulations governing the banking industry, as well as agency guidelines and organization policies.
• Strong interpersonal skills, including ability to effectively communicate with commercial customers.
• Strong verbal and written communication skills.
• Detail-oriented with solid organizational skills.
• Proficient in MS Office Suite, Fiserv and documentation prep programs.
• Ability to maintain the confidentiality of credit and customer information.

Responsibilities

• Post-closing review of loan closing packages.
• Verifies documentation necessary for loan type and collateral conformity to protect the Bank's security interest.
• Validates closing practices and administration protocols for loan and collateral type.
• Review of commercial loan packages for regulatory items such as the US Patriot Act, Beneficial Ownership, etc.
• Assists Closing-Post Closing Manager in compilation of data for regulatory compliance and monthly and quarterly auditing.
• Maintains working knowledge of the nCino and Premier operating systems (booking and reporting) and department procedures to perform post closing tasks.
• Recording of documents (mortgages, UCC financing statements and other documents as required).
• Works with relationship managers, the closing department, and borrower's title company to ensure required post closing documentation is received.
• Reviews loan closing or modification documents to confirm any changes are consistent with system updates on the core processing system for operation control group compliance.
• Provides quality control with proper execution of loan documentation, the creation of non-financial tracking reporting.
• Prepares documentation files for system scanning when required.
• Reviews daily department proof and complete proof of general ledgers to ensure all items are reconciled. Assist with the research and resolution of outstanding item.
• Understands compliance with all regulations governing the banking industry, as well as agency guidelines and organization policies.

Skills

Lending knowledge

Regulatory knowledge

Interpersonal skills

Communication

Attention to detail

MS Office

Fiserv

Documentation prep

Confidentiality

Education

High School Diploma or equivalent

Associates Degree preferred

Tools

MS Office Suite

Fiserv

Documentation prep programs

Job description

At OceanFirst Bank, each one of our employees plays an important role in delivering value to our customers and executing daily tasks in accordance with our core values. We recognize that our employees are essential to our success, making OceanFirst a great place to work and do business.

Great benefits include: on-site fitness facility at Red Bank and Toms River headquarter offices, employee perks & discount programs, hybrid schedule (3 days in office/2 days remote) after 90 introductory period, tuition assistance, incentive compensation program, professional development opportunities, and more! Apply today to #BecomeOceanFirst and make an impact in the local community!

ABOUT YOUR ROLE

Support the Commercial Closing department with booking new loans, renewals and extensions and ensure documentation is properly executed and processed on the Bank's core operating systems. In addition, filing or recording of collateral documents, create tracking and reports for follow-up on outstanding post closing items and required filings.

WHAT YOU WILL DO LIST

• Performs post-closing review of loan closing packages.
• Verifies all documentation necessary for loan type and for collateral conformity necessary to protect the Bank's security interest is complete and in order.
• Validates closer applied prudent closing practices and administration protocols for loan and collateral type.
• Review of commercial loan packages for satisfaction of regulatory items such as: US Patriot Act, Beneficial Ownership, etc.
• Assists Closing-Post Closing Manager in compilation of data for regulatory compliance and monthly and quarterly auditing
• Maintains working knowledge of the nCino and Premier operating systems. (booking and reporting systems) and department procedures in order to effectively preform post closing tasks.
• Recording of documents (mortgages, UCC financing statements and other documents as required).
• Works with relationship managers, the closing department, and borrower's title company to ensure required post closing documentation is received.
• Reviews loan closing or modification documents to confirm any changes are consistent with any system updates on the core processing system for operation control group compliance.
• Provides quality control with proper execution of loan documentation, the creation of non-financial tracking reporting
• Prepares documentation files for system scanning when required.
• Reviews daily department proof and complete proof of general ledgers to ensure all items are reconciled. Assist with the research and resolution of outstanding item.
• Understands compliance with all regulations governing the banking industry, as well as agency guidelines and organization policies.

WHAT WE EXPECT OF YOU

• General knowledge of the lending process and documentation, and ability to interpret the policies & procedures governing commercial lending.
• Working knowledge of general regulations governing the banking industry, as well as agency guidelines and organization policies.
• Strong interpersonal skills, including ability to effectively communicate with commercial customers.
• Strong verbal and written communication skills.
• Detail-oriented with solid organizational skills
• Proficient in MS Office Suite, Fiserv and documentation prep programs.
• Ability to maintain the confidentiality of credit and customer information.

Requirements

YOUR QUALIFICATIONS

• High School Diploma or equivalent; Associates Degree preferred or equivalent work experience.
• 1-3 years commercial loan processing experience.

Salary Range - $48,460.00 - $62,000.00

INTERNAL AND EXTERNAL CONTACTS

• Internal contacts include loan assistants, relationship managers, commercial closing administrators, Loan Servicing associates.
• External contact includes Bank and borrowers' counsel and title companies.

WORKING CONDITIONS/PHYSICAL REQUIREMENTS

• Office environment.
• Ability to operate computer.
• Ability to communicate in order to exchange simple to complex information with individuals and groups.
• Ability to travel throughout Bank footprint.

Equal opportunity employer, protected veterans/disabled.

EEO is the Law