Loan Documentation Specialist

Loan Administration Job Description – Private Banking

• 6 month contract (possibility for extension or conversion)
• Location: Fully Remote
• Benefits and weekly pay included!

OVERVIEW:

• Manage and/or monitor a complex portfolio of work representing a significant amount of risk. Work includes assignments from the Private Bank. Occasionally asked to support other business lines supported by the team.
• When requested, must be prepared to provide status update on every transaction being handled.
• Perform all necessary due diligence required for each specific private banking loan. Must have understanding and experience with lending to individuals, trusts and corporations, LLCs, partnerships, etc.
• Experience with LaserPro to properly document various types of loans.
• Minimum 1-3 years of proven experience with the above requirements.

OTHER AREAS OF ACCOUNTABILITY

• Timely response to the above within all agreed upon Service Level Agreements and in many cases, handle rush transactions as funds are often required well ahead of established turn around times.
• Complete adherence and compliance with and all related regulatory and Bank policies and procedures.
• Become an actively engaged member of a team including daily huddles, team meetings. Line of Business weekly pipeline calls and other meetings and activities as requested by the manager or other senior managers.
• Effective pipeline management and daily review and maintenance of the BMA and other databases..

ACCOUNTABILITIES

Product and Process

• Manage and resolve day-to-day issues specific to Loan Administration duties including resolving complex internal business partner issues; escalate more complex issues to the manager if necessary.
• Coordinate with Workflow Coordinator to schedule work flow which leads to effective achievement of SLAs. Act as the main escalation point for business challenges, as delegated. Act in an advisory capacity, as a subject matter expert (SME), to senior managers on the implications of proposed business decisions related to area(s) of expertise. Lead activities, as a SME, for new work related to the assigned function.
• Participate in projects related to area(s) of expertise. Provide guidance and support to related business units and the LOBs supported regarding procedures, policies and requirements as described in policy documents that include but are not limited to the Documentation and Due Diligence Matrix, the Loan Documentation Source Selection Guide, Working With Loan Operations and the Loan Documentation Manual. Become proficient in navigating the various SharePoint sites utilized for retention of current policies and documents. Provide timely analysis of information and reports on assigned area(s) of expertise to ensure compliance with terms and conditions and ongoing maintenance of risk within acceptable levels.
• Be an active team member in assisting other Loan Administrators when volume dictates the need. Must become proficient and knowledgeable with documentation requirements for all lines of business supported by the team.