SENIOR COMMERCIAL LOAN ADMINISTRATOR

Description

Primary Position Objective

Manage a portfolio of commercial loans of varying types, in senior and subordinate lien positions to ensure they are serviced in accordance with documented terms. 

Requirements

Major Duties and Responsibilities:

• Establish and maintain organized commercial loan credit files.
• Review and interpret commercial loan documents to service commercial loans in senior and subordinate positions in accordance with agreed upon terms.
• Analyze and interpret data to accurately input terms into a servicing database and ensure efficient servicing of commercial loans.
• Manage servicing flow in all phases of life of loan for seasoned portfolios of varying origin.
• Effectively manage accounts receivable and payable.
• Establish and maintain escrow accounts in accordance with documented terms. and reconcile deposits and disbursements monthly. 
• Ensure the timely filing of Uniform Commercial Code Financing Statements.
• Report and actively pursue resolution of past due items and matters of default in accordance with agreed upon terms.
• Field calls from borrowers regarding loan related inquiries and resolve issues as necessary.
• Monitor reports and system generated notices to ensure rate changes and covenant compliance in accordance with documented terms. 
• Ensure effective written and verbal communication with staff, management, and clients.
• Adhere to timelines and deadlines established based on client needs and department workflow.

Supervisory Requirements:

• None

Additional Expectations:

• Provide a professional example, accuracy, and consistency in work performance.
• Respect teammates.
• Participates and is an active team member by assisting others.
• Communicates in a courteous manner.
• Have a solution rather than a complaint to resolve issues promptly.
• Keep management informed of pertinent information. 
• Communicate openly and often.
• Maintains the quality and integrity of the services provided by the department.
• Supports the overall goals of the Company and that services are delivered professionally and efficiently.
• Create an atmosphere within the organization that attains and maintains a high level of morale and embraces our Vision-Mission-Values and our Goals and Objectives “VMVGO”.
• Embrace change without resistance and adapt quickly, however do provide feedback when necessary.

Independent Judgment:

• Identify potential issues, including but not limited to, inconsistencies, errors and defaults and effectively report those issues to managers and clients.
• Familiarity of all aspects of permanent loans servicing, including, but not limited to payment processing, escrow administration and analysis, ARM management, UCC management, and investor reporting. Possess the ability to recognize “norms” and identify those parameters that are “unique” or unusual, that may require special handling.

Requirements & Qualifications:

• 3 to 5 years’ experience in managing/servicing commercial loans.
• Bachelor’s Degree in business, finance or accounting or relevant experience.
• Knowledge of commercial loan documentation.
• Exceptional attention to detail.
• Strong organizational skills.
• Robust problem-solving skills.
• Ability to implore critical thinking measures and to think though global consequences.
• Strong computer skills with emphasis on Microsoft Excel and Word and the ability to learn new loan servicing systems or other software as implemented. 
• Professional communication skills, both verbal and written.
• Must be able to produce at a high level under limited supervision and meet imposed deadlines in a fast paced, demanding environment.
• Must be able to work independently and in a cooperative team environment.
• Comfortable in a fast-paced atmosphere with varied responsibilities based on priorities of the current situation.
• Strong comfort level with technology, including ability to adapt to new systems quickly and easily. Thorough knowledge of and comfort with the Microsoft office suite applications. 

Physical Requirements

• Talking - Especially where one must frequently convey detailed or important instructions or ideas accurately, loudly, or quickly.
• Hearing - Able to hear average or normal conversations and receive ordinary information.
• Repetitive Motion - Movements frequently and regularly required using the wrists, hands, and/or fingers.
• Vision - Average, ordinary, visual acuity necessary to prepare or inspect documents or pr