Commercial Loan Administrator Commercial Loan Administrator …

Robert Half - US
in New York, NY
Permanent, Full time
Last application, 09 Mar 21
$65-80k base plus 10-15% bonus
Robert Half - US
in New York, NY
Permanent, Full time
Last application, 09 Mar 21
$65-80k base plus 10-15% bonus
Posted by:
Trishan Khareghat • Recruiter
Posted by:
Trishan Khareghat
Recruiter
Robert Half Financial Services are currently recruiting for a Commercial Loan Administrator role, for a Private Bank based in midtown Manhattan New York. Our client requires 1+ years’ Loan Administration or Lending Paralegal experience, ideally with knowledge of Commercial Real Estate (CRE) or Consumer Loans. The role is initially remote during the pandemic but would eventually require working in the midtown office.

Responsibilities:

  • Working across multiple teams, review term sheets and credit narratives for consistency against loan documents and prior transactions.
  • Review and prepare all documentation for Professional Loan Program (PLP) accurately and efficiently.
  • Prepare loan packages for funding and booking:
  • Accurately prepare all documentation for all loan products, including modifications, amendments, and renewals.
  • Communicate clearly and concisely with Relationship Managers and various departments within the Bank to ensure all requests are processed accurately and in a timely manner.
  • Ensure the successful preparation of various daily, monthly and quarterly reports.
  • Review credit narrative to understand requirements for loan structure, including capital calls and distributions.
  • Define parameters and build templates for each program.
  • Perform duties and responsibilities specific to department functions and activities or as assigned by manager.
  • Responsibilities include the following: 1) adhering to and complying with all applicable federal and state laws, regulations and guidance, including those related to Anti-Money Laundering (i.e. Bank Secrecy Act, USA PATRIOT Act, etc.); 2) adhering to Bank policies and procedures; 3) completing required training; 4) identifying and reporting potential suspicious activity to the BSA/AML Officer; and 5) knowing and verifying the identity of any customer(s) that enters into a relationship with the Bank.

Requirements:

  • Bachelor’s Degree required.
  • 1+ years Loan Administration or Lending Paralegal experience.
  • Knowledge of Commercial Real Estate (CRE) or Consumer Loans is desirable.
  • Knowledge of SpringCM, HotDocs, LaserPro or commercial and consumer loan documentation is preferred.
  • Knowledge of nCino, CLO and/or AFS preferred.

This Commercial Loan Administrator role is initially fully remote but will eventually be located in midtown Manhattan, so please only apply if you are able to travel to this location, have relevant experience for the role and are eligible to work in the United States. The salary is flexible dependent on experience, but the initial range is $65-80k base plus 10-15% target bonus. If your profile matches the above criteria, please contact me on **trishan.khareghat@roberthalf.com**

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