Loan Admin Team Lead

East West Bank; El Monte (CA); On-site; USD 100,000 - 130,000; Full time

Job summary

East West Bank is seeking a Loan Administrator Team Lead in El Monte, California, to provide guidance to the Loan Closing Administrators. This role requires expertise in complex commercial loans and the ability to ensure all closing requirements are met.

The ideal candidate will have a Bachelor's Degree in Finance or Accounting, along with at least 5 years of relevant experience. The position offers a competitive salary range of $100,000 to $130,000 per year based on qualifications.

Qualifications

• 5 years of experience as a commercial loan closing administrator or syndication loan servicing administrator.
• Strong knowledge of core accounting system functionality for servicing complex commercial lending products.
• Excellent written and verbal communication skills required.

Responsibilities

• Provide guidance and technical support to Loan Closing Administrators.
• Perform detailed due diligence for all Closing Requirements.
• Act as liaison between various parties to coordinate funding and closing.

Skills

Knowledge of complex loan structures

Excellent customer service

Strong organizational skills

Ability to multi-task

Education

Bachelor Degree in Finance or Accounting

Tools

FIS

Microsoft Word

Microsoft Excel

Job description

Introduction

Since 1973, East West Bank has served as a pathway to success. With over 110 locations across the U.S. and Asia, we are the premier financial bridge between the East and West. Our teams of experienced, multi-cultural professionals help guide businesses and community members on both sides of the Pacific looking to explore new markets and create new opportunities, and our sustained growth and expertise in industries like real estate, entertainment and media, private equity and venture capital, and high-tech help build sustainable businesses and expand our associates’ potential for career advancement.

Headquartered in California, East West Bank (Nasdaq: EWBC) is a top-performing commercial bank with a strong foundation, an enterprising spirit and a commitment to absolute integrity. East West Bank gives people the confidence to reach further.

Overview

The Loan Administrator Team Lead is responsible for providing guidance and technical support to Loan Closing Administrators and Associates, performing syndicated and complex commercial loan closing activities. This position requires a comprehensive understanding of loan syndications, complex and specialized commercial lending products, regulatory requirements, credit policy, collateral, insurance, and loan servicing requirements.

Responsibilities

• Provide guidance and technical support to Loan Closing Administrators and Associates.
• Perform detailed due diligence for all Closing Requirements have been met which including but not limited to:
  • Proper borrowing resolutions have been obtained.
  • Review Outside Counsel Consistency Letter ensuring there are no exceptions and/or outstanding items to be resolved prior to closing.
  • Review Post Closing requirements and ensure proper tracking and follow up.
  • Perform due diligence of Flood Requirements.
• Act as liaison between Escrow, Title, Attorneys and all interested parties to coordinate funding and closing of Specialty Lending loans and Syndicated Credit for EWB lead.
• Review collateral support documents to ensure appropriate collateralization and proper lien position pursuant to credit approval.
• Review CCR to determine appropriate credit approval and completed presentation to close the loan.
• Ensure all pre-funding conditions have been met prior to closing.
• Perform pre-Closing review of Loan Documents post execution.
• Prepare closing documents including but not limited to Closing Statement ensuring data accuracy and proper assignment of codes and set up post-closing requirement.
• Perfect all Collateral including but not limited to Commercial Real Estate, Equipment, Blanket Liens, etc.
• Assist in creating/establishing procedures in support of the Loan Closing Admin. Team.
• Support other projects as assigned by the Manager.
• Respond to all internal and external customer inquiries.
• May perform other duties as assigned.

Qualifications

• Bachelor Degree in Finance or Accounting preferred or equivalent experience.
• 5 years of experience as a commercial loan closing administrator or syndication loan servicing administrator.
• Knowledge of all aspects of complex loan structures specifically those prepared by Attorneys.
• Ability to read and interpret complex loan agreements and.
• Thorough knowledge of all Loan Closing requirements and collateral perfection.
• Strong knowledge of core accounting system functionality / capability to onboard and service complex commercial lending products.
• Commercial loan accounting experience required with FIS preferred.
• Broad knowledge of syndicated loan servicing requirements.
• Ability to provide excellent customer service.
• Ability to multi-task, adapt quickly to changes and work effectively in a fast-paced environment.
• Ability to effectively communicate upward and downward, with outside attorneys, and other financial institutions.
• Must be a self-starter and possess positive attitude with good organizational skills.
• Strong sense of internal and SOX controls.
• Thorough knowledge of Microsoft software, inclusive of Word and Excel.
• Excellent written and verbal communication skills required.
• Good organizational, analytical and problem-solving skills.

Applicants must have legal authorization to work in the United States. We do not offer visa sponsorship at this time.

Compensation

The base pay range for this position is USD $100,000.00/Yr. - USD $130,000.00/Yr. Exact offers will be determined based on job-related knowledge, skills, experience, and location.