Note/Loan Operations Manager

CBB Bank - Commonwealth Business Bank; Los Angeles (CA); On-site; USD 130,000 - 160,000; Full time

Benefits offered by this job

Medical Insurance

Vision Insurance

Life Insurance

Paid Time Off

401(k) with Matching Contributions

Job summary

CBB Bank is offering a full-time Loan Operations Manager position based in Los Angeles. The role involves overseeing all phases of loan operations including servicing and compliance. Candidates should have strong knowledge of GAAP and loan documentation, with a competitive salary range of $130,000 to $160,000 annually based on qualifications.

Qualifications

• Mid-Senior level position.
• Full-time employment.
• Requires knowledge of federal and state regulations.

Responsibilities

• Supervises training in the loan department.
• Develops and revises operational procedures.
• Monitors loan applications and auditing processes.

Skills

Fundamental knowledge of GAAP

Knowledge of loan operation, servicing and documentation

Expertise in LaserPro

Job description

CBB Bank - Commonwealth Business Bank provided pay range

This range is provided by CBB Bank - Commonwealth Business Bank. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$130,000.00/yr - $160,000.00/yr

WORK ENVIRONMENT

Full-time on-site office setting in Los Angeles, CA

POSITION OVERVIEW

This position is responsible for the direction of all phases of loan operation including loan servicing for commercial, personal, real estate and SBA loans.

POSITION RESPONSIBILITIES

• Supervises and performs periodic training in department
• Performs new loan staffs training and periodic training for existing loan staffs
• Develops and revises department’s operational procedure
• Staff Job assignment
• Audit follow up
• Updates loan projection report
• Monitors and updates LaserPro
• Reviews and reconciles specification set-up and G/L integration of the Loan system
• Loan assignment for loan document preparation
• Reviews prepared loan documents by note staff and release it to branch
• Approves loan funding and boarding
• Signs off payoff quotation (Demand)
• Supervises collateral monitoring for new loans, renewals and paid off loans
• Supervises flood insurance tracking
• Reviews daily loan application and G/L balancing
• Reviews monthly G/L certifications
• Reviews e-Oscar credit dispute and monitor complaint log
• Reviews down grade, non-accrual placement and charge-off loans
• Reviews 1502 (Colson) report on a daily and monthly basis
• Supervises Trade Finance Operations staff and daily works
• Approves department invoices and supply orders
• Review department time sheet and submission to HR
• Complies fully with all Bank policies and procedures as well as all regulatory requirements (e.g. Bank Secrecy Act, Anti-Money Laundering, Code of Conduct, and etc.). Must complete all required training

SKILLS / QUALIFICATIONS

• Fundamental knowledge of GAAP, FASB, Federal and State regulations
• Substantial knowledge of loan operation, servicing and documentation
• Expertise in LaserPro, SBA SOP and bank loan policy and procedure

EDUCATION / EXPERIENCE

REWARDS PACKAGE

• Medical Insurance
• Vision Insurance
• Life Insurance
• Paid Time Off
• 401(k) with Matching Contributions

We offer a competitive total rewards package, including but not limited to Medical, Dental, Vision, and Life Insurance, 401k retirement savings plan, and paid federal holidays, for this full-time position within the annual salary range of $130,000 - $160,000. Annual pay ranges are determined based on qualifications, level, and location. Exact compensation may vary based on your skills and experience.

Must be authorized to work in the US.

We are an Equal Opportunity Employer. All applicants will receive consideration for employment without regard to race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender identity, gender expression, genetic information, or military or Veteran status, or any other characteristic protected by law.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance

• Industries

  Financial Services and Banking

Referrals increase your chances of interviewing at CBB Bank - Commonwealth Business Bank by 2x

Inferred from the description for this job

Medical insurance

Vision insurance

401(k)

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