Loan Administration Officer & Supervisor

Cathay Bank; Rosemead (CA); On-site; USD 82,000 - 90,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

Life insurance

Long-term disability insurance

FSAs/HSA with company contributions

401(k)

Job summary

Cathay Bank in California seeks an AVP for Documentation, Closing & Funding to manage loan packet review, closing workflows, and regulatory compliance. You will oversee LaserPro documentation, escrow instructions, and funding processes while guiding a team of processors and coordinating with legal counsel.

The role requires extensive banking experience, supervisory skills, and a keen eye for detail. Competitive benefits and career development opportunities are offered.

Qualifications

• College degree in accounting or business preferred.
• 6+ years banking experience with at least 2 years in a senior role.
• Minimum 3 years supervisory experience.
• Detail-oriented with strong analytical and communication skills.

Responsibilities

• Review and document standard and complex commercial loans.
• Review attorney-prepared loan documents for compliance.
• Validate loan documentation against approvals and policies.
• Create LaserPro documentation per loan conditions and regulatory requirements.
• Prepare escrow closing instructions and pre-closing conditions.
• Handle closing activities, wires, funding and related tasks.
• Oversee escrow/recording instructions and quality checks.
• Mentor junior staff and manage performance.
• Maintain LaserPro library and disaster recovery tests.
• Coordinate proposals with Lending, Servicing, and legal teams.

Skills

Detail-oriented

Communication skills

PC proficient

Commercial loans

International credit

Education

College degree in accounting or business

Tools

LaserPro

Job description

People Drive Our Success

Are you enthusiastic, highly motivated, and have a strong work ethic? If yes, come join our team! At Cathay Bank – we strive to provide a caring culture that supports your aspirations and success. We believe people are our most valuable asset and we proudly foster growth and development empowering you to achieve your professional goals. We have thrived for 60 years and persevered through many economic cycles due to our team members’ drive and optimism. Together we can make a difference in the financial future of our communities.

What our team members are saying:

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Learn more about us at cathaybank.com

GENERAL SUMMARY

Documentation, Closing & Funding Department is responsible for preparing the Promissory Note, Business Loan Agreement, and other loan documentation in LaserPro or reviewing attorney drawn loan documents, drafting Lender’s Instructions, and performing necessary pre-closing validation for closing and funding.

DIRECT REPORTS

3-5 direct reports

ESSENTIAL FUNCTIONS

• Review and document all standard and complex commercial loans, such as, Cross Collateralized, Asset Based, Construction complex, International Trade Finance complex.
• Review complex attorney prepared loan documents prior to signing in accordance with Credit Approval. Consult with Cathay legal counsel and outside attorney, for any changes or additions to loan documents.
• Validate the receipt of the loan and borrower supporting documentation and verify compliance with loan committee approval conditions, Bank's policies, procedures, and Federal, State and other regulatory requirements.
• Create LaserPro documentation based upon loan approval conditions and in compliance with loan committee approval conditions, Bank's policies, procedures, and Federal, State, and other regulatory requirements.
• Create escrow closing instructions, pre-closing conditions and any other conditions required for Lender/Borrower information.
• Receive signed loan documents and perform closing and funding activities, such as, wire request, account funding, remit funds to pay off other lender, order tax contracts, UCC filing, set up and maintain tickler and monitoring databases (such as Stucky and Trade Innovation etc.).
• Review and approve escrow and recording instructions prepared by junior level processors, as necessary.
• Examine loan packages processed by less experienced staff to verify accuracy, or conformity with loan requirements, and approve closing (Funding, Wire, UCC filing/verification, Title policy reviewing etc.).
• Database administrator for LaserPro, responsible for updates and maintenance of LaserPro library setting, including maintain and test LaserPro disaster recovery application along with LaserPro testing database used prior to implementing additions or changes to production.
• Present an agreement on specific proposals through discussion or communication with others of a different viewpoint (i.e. Lending Units, Loan Servicing and legal counsel).
• Instruct less experienced staff in detail or work they perform (either directly or by enforcement of well-established procedure), assign work, observe, and evaluate performance in detail, and work with team member(s) to improve performance.
• Coach and develop staff to meet their position responsibility. Address performance issues as identified and required. Evaluate, interview, and hire staff as required. Provides necessary direction and support to staff, and promotes training, career development, and motivation. Hold team members accountable for their daily work.
• Communicate and oversee processing turnaround times to ensure fulfillment of service level agreement.
• Cross-train less experienced team members.
• Other duties as deemed necessary by Manager

QUALIFICATIONS

• Education: College graduate with major in accounting or business preferred.
• Experience: 6+ years banking experience with a minimum of 2+ years’ experience at a senior level. Knowledge and understanding of commercial loans and international lines of credit required.
• Minimum of 3 years supervisory experience required.
• Skills/Ability: Detail-oriented and accurate; ability to make sound recommendations to improve workflow; excellent communication skills; PC proficient; thorough knowledge and understanding of commercial loans and international lines of credit.

OTHER DETAILS

AVP: $82,000 – $90,000 / year

ON-GOING TRAINING

• Each employee is required to complete all required training including Compliance and Bank Secrecy Act/Anti-Money Laundering training suitable to his or her position within the Bank.

Cathay Bank offers its full-time employees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes, coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k).

Cathay Bank may collect personal information from potential job candidates and applicants. For more information on how we handle personal information and your applicable rights, please review our California Job Applicant Privacy Policy.

Cathay Bank is an Equal Opportunity and affirmative action employer. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex (including pregnancy and related medical conditions, childbirth and breastfeeding), reproductive health decision-making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law.

Cathay Bank endeavors to make www.CathayBank.com accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact, Mickey Hsu, FVP, Employee Relations Manager, at [phone] or [e-mail]. This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.

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