1 Loan Closing & Administration Manager Job in Brea, CA

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Loan Closing & Administration Manager

Sumitomo Mitsui Banking Corporation

Brea, CA | Full Time

$79k-105k (estimate)

2 Weeks Ago

Loan Closing & Administration Manager

$79k-105k (estimate)

Full Time | Banking 2 Weeks Ago

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Sumitomo Mitsui Banking Corporation is Hiring a Loan Closing & Administration Manager Near Brea, CA

ABOUT THE ORGANIZATION
SMBC MANUBANK was formed by a group of banking entrepreneurs in June 1962. Our scope is to serve the specialized needs of California middle-market businesses, manufacturers, wholesalers, distributors, importers, exporters, and service companies, including small businesses and professionals.

The anticipated salary range for this role is between $107,000.00and $147,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.

Our mission is to be "the bank of choice" for middle market and professional service companies by establishing long term customer relationships and loyalty, providing superior products and services through a core of highly skilled and seasoned bankers.
To achieve our mission to be the 'bank of choice' for middle market and professional services companies, we are focused on our vision to be the premier California regional business bank that can provide the sophistication and expertise of a larger institution with the personal 'high touch' services of a smaller bank.

Specialties:

Commercial Loans and Lines of Credit, Asset-Based Financing, SBA Loans, and Specialized Financing, Real Estate Loans, Cash Management Services, International Services

JOB SUMMARY:

Reporting to the Head of Middle Office, this position will lead the Loan Closing & Administration team, working closely with colleagues in the Line of Businesses, Loan Documentation Unit, and Loan Operations Unit to help coordinate loan closing and booking, quality control on boarded loans, creation and management of tickler reports, and responding to inquiries. Act as a mentor and coach as well as cross-train other team members.

PRINCIPAL DUTIES & RESPONSIBILITIES:

Manage pre-closing, closing, post-closing process

Package executed loan documents
Prepare boarding documents for submission to Loan Operations Unit.
Ensure Conditions Precedent to closing are met and Credit Approvals are in place

Quality Control -

Review legal documentation and credit approval to confirm accuracy of transaction details.
Data Attestation: Confirm loan system data matches Credit Approval Report.
Create and manage Tickler reports (recorded documents, filed UCC-1, etc) as well as Loan Ticklers for ongoing tracking (financial covenants and reporting).
Review loan calculation and disbursements
Create/update/review Procedures as necessary

Vendor Management

Approve billing for various internal vendors - Lexis/Nexis, Experian, D&B, etc.
Assist with the negotiation of vendor contracts
Liaise with SMBC vendor team on the approval process and systematic compliance review related to 3rd party vendors

Compliance/Audit

Ensure compliance with internal policies and procedures.
Point person for various audits and quality assurance issues.

Perform other tasks that may arise per management request.

POSITION SPECIFICATIONS:

Education: Bachelors degree or equivalent

Skills/ Qualifications:

Ability to learn and adapt to new information and systems
At least 10 years of experience working in a loan operations/loan documentation department
Problem-solving, organizational and time management skills
Attention to detail
Experience managing a team and coaching/training team members as required
Familiarity with legal agreements and other aspects of loan documentation & collateral.

EOE STATEMENT
We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law.

CCPA DISCLOSURE
Personal Information Collection Notice: This notice contains information under the California Consumer Privacy Act (CCPA) about the categories of personal information (PI) of California residents that SMBC MANUBANK collects and the business or commercial purpose(s) for which the PI may be used. We do not sell PI. More information about our collection and use of PI may be found in our CCPA Privacy Policy at https://www.manufacturersbank.com/CCPA-Privacy. Persons with disabilities may contact our Customer Contact Center toll-free at (877) 560-9812 to request the information in this Notice in an alternative format.