Commercial Banking Administrator III
Eastern Bank · Boston, MA · 3 wk ago
OTHR$26.53–$42.64/hrFull-time
About the role
The Commercial Banking Administrator III position involves handling accounts of large size and complexity, supporting a lending team, and managing the loan closing process. This role also includes providing support and guidance to less experienced Commercial Banking Administrators.
Responsibilities
- Serves as the primary contact with the Loan Production Group and Loan Operations to ensure all new loans, renewals, extensions, and modifications are processed correctly and efficiently.
- Interacts with customers, attorneys, CPAs, and other lending institutions to resolve problems and aid where needed, ensuring all required documentation is returned within an appropriate timeframe.
- Manages the pipeline of assigned loans within nCino and other secondary sources, ensuring accurate and timely completion of all data points.
- Utilizes systems, procedural, operational, and enterprise expertise to research and resolve issues and questions, including those from Compliance, Internal Audit, and Credit Risk Review.
- Works closely with and maintains strong productive relationships with various departments to ensure rapid and positive issue resolution.
- Performs loan maintenance as required, including participation settlements, loan payment adjustments, pay-offs, and pay-downs, partial releases, and interest rate changes.
- Responsible for opening and maintaining Commercial Banking deposit accounts, ensuring all bank procedures are adhered to, and working with Treasury Services to ensure products are set up and working appropriately.
- Maintains compliance with overdraft approval and insider transaction procedures, researching and correcting customer delinquencies and aged overdrafts.
- Monitors and reviews various monthly management reports to ensure renewals, extensions, rate changes, and maturity loans are reviewed and documented within the designated time frame.
- Depending on the department, may be responsible for other lending support activities such as construction loan monitoring and processing of advances.
- Provides training to Commercial staff and acts as a mentor to less experienced Commercial Banking Administrators, including cross-training with other associated departments.
- Generates nCino management reports and assists in the testing of nCino system upgrades and the addition of new nCino products.
Requirements
- Knowledge of commercial banking compliance and regulations
- Knowledge of general banking operations and activities
- Ability to work independently with little direction
- Strong communication, organizational, writing, and interpersonal skills required
- Working knowledge of Microsoft Office (Excel/Word/Access), Metavante Insight/FIS, nCino Lifecycle Lightening, Salesforce, and other relevant programs
- Bachelor’s degree or related knowledge/skills gained through experience required
- 10+ years of commercial loan experience required
- Extensive knowledge of commercial and commercial real estate loan closing processes and procedures, loan systems, and loan documentation
- Expert real estate knowledge in an administrative support role
- Strong leadership, planning, and organizational skills required
- Self-disciplined, self-motivated individual possessing a team-building spirit
Qualifications
- Knowledge of commercial banking compliance and regulations
- Knowledge of general banking operations and activities
- Must be able to work independently with little direction
- Strong communication, organizational, writing, and interpersonal skills required
- Working knowledge of Microsoft Office (Excel/Word/Access), Metavante Insight/FIS, nCino Lifecycle Lightening, Salesforce, and other relevant programs
- Bachelor’s degree or related knowledge/skills gained through experience required
- 10+ years of commercial loan experience required
- Extensive knowledge of commercial and commercial real estate loan closing processes and procedures, loan systems, and loan documentation
- Expert real estate knowledge in an administrative support role
- Strong leadership, planning, and organizational skills required
- Self-disciplined, self-motivated individual possessing a team-building spirit
Pay
Hiring Range: $26.53 - $42.64. Actual pay may vary based on experience, skills, and market factors; additional compensation may apply.
Benefits
Eastern offers a robust benefits and retirement package. Please see the description of benefits included with this job posting for additional information.