Jobs · Management · New Jersey

Manager, Loan Operations

Valley Bank · Wayne, NJ · 6 days ago
Management$60/hrFull-time

Responsibilities

  • Lead and develop loan servicing team, including training, performance management, staffing, and fostering continuous improvement.
  • Direct daily servicing operations for complex loan types (C&I, CRE, participations, syndications), covering booking, funding, payments, draw requests, payoffs, and account maintenance.
  • Ensure compliance with federal/state regulations, internal policies, and controls; serve as liaison for audits and regulatory reviews.
  • Analyze workflows and implement process improvements or automation initiatives to enhance efficiency and accuracy.
  • Act as primary liaison with lenders, relationship managers, participating banks, and borrowers to resolve complex, time-sensitive issues.
  • Oversee reporting and data integrity, including management, board, investor, and regulatory reports, tax forms, and collateral documentation.
  • Support audits and quality control reviews.

Requirements

  • Strong leadership skills to set standards for subordinates, resolve problems, support change and increase productivity.
  • Strong understanding of commercial lending products, loan documentation and industry software.
  • Extensive attention to detail with a focus on identifying discrepancies, ensuring data integrity, and maintaining compliance with internal policies.
  • Extensive knowledge of bank regulatory requirements.
  • Proficient PC skills including Microsoft Word and Excel.
  • Effective communication and organizational skills.
  • Ability to prioritize daily work assignments while working in a demanding environment is required.
  • Ability to meet deadlines defined by Bank and regulators.

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