Commercial Loan Administrator I
Camden National BankAbout the role
Live here. Play here. Bank here. Work here.
If you’re looking to build your career at a forward-thinking organization with deep community roots and a vision for growth, success, and giving back, you’ve come to the right place.
Get to know us:
We’re your local community bank—and have been since 1875—that is committed to providing excellent customer service and giving back to our communities.
We foster a collaborative, inclusive work environment as part of a close-knit team where your voice is valued and heard.
Our highly engaged employees are rewarded for their performance and have ample opportunities for cross-training and advancement within the organization.
We’ve been named one of the best places to work in Maine, and offer robust benefits focused on your holistic well-being.
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Position Summary:
Under the direction of the Commercial Administration Assistant Manager the Commercial Loan Administrator I provides support to Commercial Banking Officers and Directors of Commercial Banking. The Commercial Loan Administrator I supports by assisting with organizing loan closings and pre/post-closing follow up to ensure adherence to organizational standards and regulatory requirements. Works directly with loan officers and commercial customers to solve problems and provide superior internal and external service.
Essential Duties and Responsibilities:
Works collaboratively with Banking Officers in all areas of commercial loan documentation and servicing to achieve departmental goals.
Provides customer service support to commercial customers including assisting with loan advances, answering questions, problem resolution, line of credit advances and general inquiries.
Works collaboratively with Banking Officers to effectively prepare for loan closings ensuring all necessary due diligence required is met in accordance with loan policy and procedures per the approval document.
Reviews loan documentation before closing to ensure completeness and accuracy.
Review loan documentation after closing, ensuring collateral documents are recorded appropriately, all signatures are collected, files all documentation into the electronic file system and original required documents are kept according to retention procedure.
Works collaboratively with the designated Portfolio Manager to successfully maintain the loan portfolio in accordance with bank policy and procedure.
Effectively reviews loan files in preparation for loan file audits.
Works with commercial customers to obtain financials or required documentation in accordance with their loan agreement and track appropriately per procedure.
Establish strong relationships with referral sources, inside and outside the organization.
Effectively utilize technology and tools to maximize results (Sageworks, Synergy, Xperience, Outlook etc.)
Basic Qualifications
0-2 years of experience working in a financial/banking institution or equivalent administrative role.
Basic knowledge of banking terminology.
Knowledge of banking regulations pertaining to commercial lending including but not limited to HMDA, CRA, Beneficial Ownership and Reg B preferred but not required
Knowledge of business structures, perfection of collateral and security interests preferred but not required
Essential knowledge of Loan Policy, Departmental Procedures, Regulatory and Compliance issues. (HMDA, CRA, OFAC, Reg B, Flood, Beneficial Ownership etc.)
Preferred Qualifications:
Knowledge of commercial lending, loan documentation and the loan closing process.
Knowledge of business structures, perfection of collateral and security interests.
2 year college degree
Notary Public Certification
Skills and Abilities:
Demonstrates an understanding of the competitive strengths of CNB’s products and services.
Strong written and verbal communication skills
Ability to work effectively independently and as part of team
Must be detail oriented and have an ability to multitask effectively
Effectively be able to prioritize tasks and problem solve with minimal assistance
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