Senior Commercial Loan Administrator

🔥 1 minute ago

🦌 Connecticut, New York, +1 more states – Remote

🦌 Connecticut – Remote 🗽 New York – Remote 🍂 Massachusetts – Remote

💵 $90k - $110k / year

⏰ Full Time

🟠 Senior

🖥️ Administration

🦅 H1B Visa Sponsor

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Webster Bank

WebsiteLinkedInAll Job Openings

1001 - 5000 employees

Founded 1935

🏦 Banking

💸 Finance

💳 Fintech

Banking • Finance • Fintech

Webster Bank is a financial services company that offers a wide range of banking solutions for individuals, small business owners, and commercial entities. It provides personal and business checking and savings accounts, loans, mortgages, and investment services, as well as wealth management and retirement planning. Webster Bank emphasizes digital convenience through mobile and online banking platforms while also providing personalized assistance from dedicated relationship managers. The bank is committed to serving diverse industries and communities, with specialized offerings in areas like healthcare, manufacturing, and government banking. Webster Bank is dedicated to helping clients achieve their financial goals through tailored solutions and expert guidance, ensuring security and trust are maintained at all times.

📋 Description

• Conduct quality control reviews of commercial loan documentation to ensure data integrity, accuracy, and consistency to loan boarding sheets and all related loan systems • In conjunction with the LOB, review draft loan documents to ensure alignment with bank policy, credit approval terms, and loan system compatibility • Support internal audit and compliance partners by producing samples to support targeted reviews • Leverage insights from quality control reviews to recommend updates to procedures to enhance operational efficiency • Provide data inputs key performance indicators (KPI) reporting to monitor adherence to quality control standards • Follow-up on missing & pending items as well as ongoing documentation such as expired or cancelled insurance (work with operations to ensure timely force placement as necessary) • Assist PM’s if needed with follow-ups for other types of ticklers – financial statements, covenants, manual tax monitoring, etc. • Assist PM’s with client due diligence requirements (i.e. Credit report pulls, loan confirmations) • Support “lighter touch” customer requests (i.e. balance inquiries, loan statement requests, interest rate options, extensions, etc.), working with the LOB to approve and Operations to execute • Review advance requests and circulate for approval, and submit to Loan Operations for processing • In alignment to bank policy and procedures, coordinate internal loan system administrative coding changes with Loan Operations • Work on internal projects to improve the lending process, enhance/expand middle office capabilities, and support the Lines of Business & Operations

🎯 Requirements

• Bachelor’s Degree in Arts/Sciences (BA/BS) from an accredited college or university preferred. • 5-7 years Prior paralegal, commercial lending loan administration, and/or closing experience on $10MM-$50MM+ commercial transactions within borrower segments (C&I, CRE, Sponsor & Specialty, ABL, etc.) required

🏖️ Benefits

• Robust development opportunities