Lending Assistant

Division: Commercial Department – C&I Admin | Reports to: Commercial Administration Manager | Status: Non-Exempt | Grade: 8 | Location: Needham, MA

About the Role

Perform typical administrative duties for Commercial Bankers. This work will include a high level of customer service for lending customers, coordination between departments within the bank and attorneys on behalf of the bank, and general clerical functions following standard practices and procedures under the direction of the Commercial Bankers. Excellent computer skills and business writing skills are required.

Responsibilities

• Coordinate loan closings and prepare closing documents for new loans and modified transactions.
• Prepare loan setup forms working closely with loan servicing.
• Prepare and have a working knowledge of legal documents and amendments for documented loans.
• Maintain in-process and existing credit files, in conjunction with credit analyst, portfolio managers and lenders.
• Prepare loan advances for existing loans.
• Perform research for lenders using the bank’s database and loan files, as well as updating various reports.
• Prepare commitment letters, term sheets and other correspondence as necessary.
• Review loans for conformity with compliance policy and procedures.
• Order credit reports, flood certificates, and perform OFAC checks.
• Perform certain office manager related duties including ordering supplies and scheduling and maintaining the conference room.
• May require compiling loan presentations for Management and Executive Credit Committees.
• Provide administrative support to lending staff.

Requirements

• Associates Degree or equivalent relevant experience.
• A minimum of three (3) years of experience in Commercial Lending, Loan/Deposit Operations.

Skills & Knowledge

• Excellent written and telephone communication skills.
• Outstanding organizational skills.
• Computer proficiency including Word, Excel and Access.

Pay

Salary Range: $21.55 - $36.63. Actual compensation within the pay range will be determined based on factors including, but not limited to, skills, prior relevant experience, and specific work location.