Senior Loan Administrator

Western Alliance Bank; Phoenix (AZ); On-site; USD 85,000 - 110,000; Full time

Benefits offered by this job

Competitive salaries

Equity/ownership stake

Medical and dental insurance

401k with strong match

Tuition assistance

Volunteer program

Wellness program

Job summary

Western Alliance Bank in the United States seeks a Senior Loan Administrator to close and disburse loans, with emphasis on commercial lending products. You will gather documentation and collateral information, verify documents, and prepare closing packages.

Collaborating with origination officers, compliance, and outside counsel, you will resolve closing issues, manage post-close steps, and mentor junior staff in a fast-paced loan operations team.

Qualifications

• 5+ years of related experience in loan administration or lending.
• Commercial lending experience is strongly preferred.
• Bachelor's degree is preferred; high school diploma accepted with experience.

Responsibilities

• Close and disburse loans; focus on commercial loan products and collateral.
• Prepare loan packages and ensure documentation complies with policies.
• Coordinate with internal teams and outside counsel to resolve closing issues.
• Train and mentor less experienced Loan Administrators.

Skills

Loan Administration

Commercial lending

Regulatory compliance

Documentation and closing

Team collaboration

Education

High school diploma

Bachelor’s degree preferred

Tools

iLien/Lien Solutions

FIS-IBS

ACBS

Job description

Job Title:

Senior Loan Administrator

Location:

Block 23

What you'll do:

As a Senior Loan Operations Administrator - C & I, you'll be responsible for completing duties involved with closing and disbursing loans for a variety of loan products offered by the Bank; with particular emphasis on Commercial lending products. Including lines of credit, commercial real estate, syndication loans, technology banking, and corporate finance transactions. You'll work closely with the business and other third parties to facilitate the gathering of appropriate documentation and collateral information from the Borrower, verifying documents and researching information to prepare closing documents. One of your key responsibilities is to collaborate with appropriate parties to assist in the resolution of any issues or obstacles related to closing the loan such as liens, judgments, insurance, and title exceptions.

• Responsible for supporting the Loan Operations Team Lead in processing loan requests prepared by Lending Origination Officers. Prepare loan packages for review by Documentation, Compliance and the Lending Origination Officer. Work collaboratively with the team to ensure loan submissions comply with bank policies and procedures, and that completed loan documentation is accurate and properly maintained.
• Prepare the submission of files for boarding, including disbursements of loan proceeds; ensures all fees are properly and fully collected at closing. Ensure follow up on post-closing exceptions and receipt of original signed document.
• Monitor tickler files for accounts; ensures credit inquires and UCC filings are researched to determine credit worthiness and appropriate collateral positioning are achieved. Utilize UCC and lien search platforms (e.g., iLien/Lien Solutions) to research and verify collateral positioning.
• Work with more complex loan packages and assist in the training and development of less experienced Loan Administrators.
• Review closing documentation for accuracy and negotiate resolution of closing document exceptions with borrowers and/or outside counsel as needed.
• Prepare closing/escrow instructions for complex transactions, including syndicated loans, participation agreements, and multi-collateral structures.
• Coordinate with internal support groups or outside counsel to expedite resolution of legal, title, or collateral issues.

What you'll need:

• 5+ years of related experience in Loan Administration, Lending and/or Deposit Sales, or similar field. Commercial lending experience strongly preferred.
• High school diploma required. Bachelor’s degree preferred.
• Intermediate knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services.
• Intermediate knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
• Intermediate knowledge and experience of one or more loan types; commercial loan products (lines of credit, commercial real estate, syndication, corporate finance) preferred.
• Proficient in multi-tasking in a team oriented environment and focused on the highest standards of client service.
• Experience with iLien/Lien Solutions or similar UCC/lien search platforms preferred.
• Experience with FIS-IBS, ACBS, or similar loan servicing/booking systems preferred.
• Intermediate speaking and writing communication skills.

Benefits you'll love:

• competitive salaries
• ownership stake in the company
• medical and dental insurance
• time off
• great 401k matching program
• tuition assistance program
• employee volunteer program
• wellness program

In addition, you'll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!

About the company:

Western Alliance Bank, Member FDIC, is a wholly owned subsidiary of Western Alliance Bancorporation. Serving clients nationwide, Western Alliance Bank includes six legacy bank brands - Alliance Association Bank, Alliance Bank of Arizona, Bank of Nevada, Bridge Bank, First Independent Bank and Torrey Pines Bank - that remain part of the company’s heritage, as well as AmeriHome Mortgage, a Western Alliance Bank Company.

Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email [e-mail] or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process.