What are the responsibilities and job description for the Senior Commercial Loan Specialist position at Westfield Bank?
POSITION SUMMARY Under the general supervision of the VP, Loan
Administration Manager, the Senior Commercial Loan Specialist works
closely with Lenders, Portfolio Managers & Loan Assistants to ensure
Commercial Loan Documentation is prepared in accordance with the Bank?s
lending policies and approvals. Performs a pre-funding and post-closing
review of all documents and assures that all closing conditions have
been met. Reviews and monitors pre- and post-closing quality control
Procedures. ESSENTIAL FUNCTIONS Performs Pre- And Post-closing Reviews
on all commercial loan documentation. Assures that the documents are in
line with the approval and that all closing conditions have been
satisfied prior to funding. Works closely with Attorney?s, Commercial
Lenders and Loan Assistants to ensure an efficient closing process.
Reviews credit approvals for commercial loans for accuracy. Performs a
post-closing review for all commercial loan modifications; assures that
document is prepared according to approval authority. Responsible for
the on-going review of the document exception report. Follows up with
appropriate staff to ensure all documents are received in a timely
manner. Reviews all Flood policies for properties located in a flood
zone prior to closing to assure policy is in compliance with Federal
regulations and Bank policy. Reviews all Hazard Insurance
binders/policies prior to closing to assure Bank is properly listed as
mortgagee and that there is sufficient insurance. Reconciles Miniter
Invoice for Force Placement Insurance and works with Commercial Loan
Assistants and Lenders to ensure that active policies are received.
Performs post-closing review and assures all collateral on commercial
loans has been properly perfected. Works closely with the Senior Booking
Specialist to ensure timely and accurate commercial loan booking to the
Core System Performs the UCC continuation process and assures that all
UCC?s are renewed in a timely manner. Performs historical UCC filings in
Wolters Kluwer for any UCC filed by an attorney Reconciles Wolters
Kluwer invoice to ensure that continuation fees are being added to the
appropriate loans. Provides final Quality Control on all commercial
loans to ensure that originals have been filed properly and that all
documentation has been uploaded into OnBase in accordance with bank
policy. Review?s CRA and HMDA data sheets for accuracy prior to
submission. Completes Monthly Small Business Administration Reporting
Represents the department in various committees such as Compliance, and
any other committees as designated by the VP/Loan Administration
Manager. Responds to audit requests including but not limited to
Internal, External and OCC. Must complete BSA, AML, and other Regulatory
and Continuing Education as assigned. Must adhere to all bank and
regulatory policies and procedures specific to position. Assumes
Additional Responsibilities As Requested. POSITION QUALIFICATIONS
Competencies Communication Decision-Making/Judgment Job Knowledge
Productivity & Time Management Quality Results Focus
Education/Experience/Skills & Abilities Bachelor?s Degree or the
Equivalent Work-related Experience Required. Three To Five Years Of
similar or related experience. Knowledge of each operational aspect of
the department. Excellent communication skills. Working knowledge of
Microsoft Office (Word and Excel) required. Ability or organize,
prioritize, delegate, meet deadlines and balance numerous tasks at the
same time.
Administration Manager, the Senior Commercial Loan Specialist works
closely with Lenders, Portfolio Managers & Loan Assistants to ensure
Commercial Loan Documentation is prepared in accordance with the Bank?s
lending policies and approvals. Performs a pre-funding and post-closing
review of all documents and assures that all closing conditions have
been met. Reviews and monitors pre- and post-closing quality control
Procedures. ESSENTIAL FUNCTIONS Performs Pre- And Post-closing Reviews
on all commercial loan documentation. Assures that the documents are in
line with the approval and that all closing conditions have been
satisfied prior to funding. Works closely with Attorney?s, Commercial
Lenders and Loan Assistants to ensure an efficient closing process.
Reviews credit approvals for commercial loans for accuracy. Performs a
post-closing review for all commercial loan modifications; assures that
document is prepared according to approval authority. Responsible for
the on-going review of the document exception report. Follows up with
appropriate staff to ensure all documents are received in a timely
manner. Reviews all Flood policies for properties located in a flood
zone prior to closing to assure policy is in compliance with Federal
regulations and Bank policy. Reviews all Hazard Insurance
binders/policies prior to closing to assure Bank is properly listed as
mortgagee and that there is sufficient insurance. Reconciles Miniter
Invoice for Force Placement Insurance and works with Commercial Loan
Assistants and Lenders to ensure that active policies are received.
Performs post-closing review and assures all collateral on commercial
loans has been properly perfected. Works closely with the Senior Booking
Specialist to ensure timely and accurate commercial loan booking to the
Core System Performs the UCC continuation process and assures that all
UCC?s are renewed in a timely manner. Performs historical UCC filings in
Wolters Kluwer for any UCC filed by an attorney Reconciles Wolters
Kluwer invoice to ensure that continuation fees are being added to the
appropriate loans. Provides final Quality Control on all commercial
loans to ensure that originals have been filed properly and that all
documentation has been uploaded into OnBase in accordance with bank
policy. Review?s CRA and HMDA data sheets for accuracy prior to
submission. Completes Monthly Small Business Administration Reporting
Represents the department in various committees such as Compliance, and
any other committees as designated by the VP/Loan Administration
Manager. Responds to audit requests including but not limited to
Internal, External and OCC. Must complete BSA, AML, and other Regulatory
and Continuing Education as assigned. Must adhere to all bank and
regulatory policies and procedures specific to position. Assumes
Additional Responsibilities As Requested. POSITION QUALIFICATIONS
Competencies Communication Decision-Making/Judgment Job Knowledge
Productivity & Time Management Quality Results Focus
Education/Experience/Skills & Abilities Bachelor?s Degree or the
Equivalent Work-related Experience Required. Three To Five Years Of
similar or related experience. Knowledge of each operational aspect of
the department. Excellent communication skills. Working knowledge of
Microsoft Office (Word and Excel) required. Ability or organize,
prioritize, delegate, meet deadlines and balance numerous tasks at the
same time.