Commercial Post Closing Associate

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

Benefits offered by this job

On-site fitness facility

Employee perks & discount programs

Hybrid schedule

Tuition assistance

Incentive compensation program

Professional development opportunities

Job summary

OceanFirst Bank in New Jersey is seeking a detail-oriented Post-Closing Loan Processor to support the Commercial Closing department. You will book new loans, renewals and extensions, and ensure documents are properly executed in the bank's core systems.

Responsibilities include reviewing closing packages, recording mortgages and UCC filings, coordinating with relationship managers and title companies, and maintaining compliance with banking regulations.

Qualifications

• General knowledge of the lending process and documentation; interpret policies and procedures governing commercial lending.
• Working knowledge of regulations governing banking industry, as well as agency guidelines and organization policies.
• Strong interpersonal and communication with commercial customers.
• Excellent verbal and written communication; detail-oriented and organized.
• Proficient in MS Office and loan documentation systems.

Responsibilities

• Performs post-closing review of loan closing packages.
• Verifies documentation for loan type and collateral conformity.
• Validates closing practices and administration protocols for loan and collateral type.
• Reviews commercial loan packages for regulatory items (e.g., US Patriot Act, Beneficial Ownership).
• Assists Closing-Post Closing Manager in compiling data for regulatory compliance and audits.
• Maintains knowledge of nCino and Premier systems and department procedures.
• Recording of documents (mortgages, UCC filings).
• Works with relationship managers, the closing department, and title companies to ensure post closing documentation is received.
• Reviews closing or modification documents for consistency with system updates.
• Provides quality control with loan documentation and non-financial tracking reporting.
• Prepares documentation files for system scanning.
• Reviews daily department proof and reconciles general ledgers; researches and resolves outstanding items.
• Understands compliance with regulations governing banking industry, agency guidelines, and organization policies.

Skills

Interpersonal skills

Verbal and written communication

Detail-oriented

Organizational skills

Education

High School Diploma or equivalent

Associate's 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