Senior Lending Specialist

vnbcareers; Fairfield (NJ); On-site; USD 60,000 - 85,000; Full time

Job summary

vnbcareers in New Jersey is seeking a Lending Assistant/Supervisor to support the Team Lead by training junior staff, to liaise with customers from approval to closing, and to manage deal flow with Relationship Managers for timely closings. It also involves coordinating closing documentation and ensuring regulatory compliance.

The role requires a minimum of 5 years in lending, strong interpersonal and communication skills, and proficiency with Microsoft Office and the bank's core system, plus

Qualifications

• High School diploma or equivalent.
• 5+ years Lending Assistant or Loan Processor and Supervisory experience.

Responsibilities

• Assist Team Lead by training and mentoring new or junior Lending Specialists.
• Liaise with internal and external customers/stakeholders from approval to deal closing.
• Manage deal flow with Relationship Managers and coordinate with downstream stakeholders for timely closings.
• Coordinate and review closing documentation and due diligence with relevant stakeholders.
• Assist with execution and process flow of transactions and escalate issues for proper controls.
• Partner with operations teams to ensure proper booking, accruals, and daily cash positions.
• Ensure proper loan funding and ongoing life of loan activity is processed and booked.
• Review loan documents for closing and communicate issues to Lenders.

Skills

Interpersonal skills

Verbal and written communication

Policy enforcement

MS Office

Bank core system

nCino

Customer service

Time management

Education

High School diploma or equivalent

Tools

Microsoft Office

Bank core system

nCino

Job description

Responsibilities include, but are not limited to:

• Assist Team Lead by training and mentoring new or junior Lending Specialists to ensure consistency with workflow and processes.
• Act as the liaison and primary point of contact with internal and external customers / stakeholders from approval to deal closing, as well as being point of contact for questions, requests, and inquiries during life of loan monitoring/servicing.
• Manage deal flow pipeline with Relationship Managers and lead the interaction with internal downstream stakeholders to ensure timely closings.
• Coordinate and review closing documentation (with counsel or internal doc prep) and information with relevant stakeholders for due diligence, application processing, insurance, operational feasibility, optimal execution mechanics, and regulatory requirements.
• Assist with the execution and process flow of the transaction, including escalation of issues and designing solutions that ensure risks are covered through adequate controls and protections. Order items necessary to completion of files and prepare supplemental documentation when required.
• Partner with relevant operations teams (closing and servicing departments) to ensure proper booking, accrual reconciliations, and daily cash positions.
• Ensure initial loan funding (if there is a draw at close) and ongoing life of loan activity (payments, draws, payoffs, etc.) are properly processed and booked with downstream stakeholders.
• Carefully review loan documents for closing to ensure accuracy; close loans when necessary
  Communicate with Lenders any issues that arise prior to closing.

Required Skills:

• Excellent Interpersonal skills as well as verbal and written communication skills.
• Confident in ability to enforce policies, procedures and processes when/if challenged.
• Strong PC skills using Microsoft office applications as well as Bank's core system and nCino software.
• Highly proficient in all areas of customer service, organizational skills, data input, time management and handling multiple tasks simultaneously within a high volume, strict deadline work environment.

Required Experience:

• High School diploma or equivalent and a minimum of 5 years Lending Assistant or Loan Processor and Supervisory experience.

Preferred Experience:

• Knowledge of Commercial Real Estate, C&I, or Specialized loan documentation.