California Bank and Trust, a leader amongst banks in California, with over $10 billion in assets and nearly 100 branch offices in the state, is looking for a Middle Office Loan Administrator.
Our relationship-centered culture is achieved by providing our associates with the tools, training, and opportunities to build the best possible relationships with our customers, and with each other. Our workplace culture values each associate’s unique experiences, background and perspectives and provides a collaborative environment for all associates to grow and thrive.
Job Requirements:
- Manage the documentation review and loan closing process for commercial or business loans.
- Works directly with relationship managers (RM), along with the borrower, legal counsel, title companies, insurance agents, and vendors to ensure closing requirements are met and necessary due diligence is obtained.
- Represent the organization with clients and outside agencies.
- Review and comprehend complex loan documentation, loan terms and financial elements for accuracy and consistency with the Credit Approval.
- Ensures documents are prepared in compliance with credit policy, documentation standards and regulatory requirements. Identity potential risks and provides solutions.
- Responsible for ensuring waivers or deviations from policy are adequately documented. Instruct attorney to prepare loan documents in accordance with credit approval and bank’s requirements. Interact with clients, collecting, reviewing and distributing due diligence items necessary for a loan closing.
- Actively negotiates and coordinates loan documents with Legal counsel.
- Notifies the RM, attorney and client of items missing items or required corrections and ensures attorney closing checklist is accurate.
- Assist RM with clarification of legal, policy and documentation issues requiring adjustments.
- Confirms budget, escrow closing statement and bank settlement statements are in balance, ensuring fees and expenses are accounted for and outstanding items are identified.
- Ensures appropriate approval and/or waivers and exceptions are obtained.
- May train and mentor lower level loan closers. Other duties and/or projects as assigned.
Qualifications:
- Requires a Bachelors degree in Business, Finance or a related field and 8+ years of commercial or business documentation/closing experience required, including 4+ yrs experience reading and interpreting loan and legal documentation or other directly related experience. A combination of education and experience may meet requirements.
- Extensive knowledge of commercial or business loan closing processes and procedures, lending compliance and regulations, loan systems and loan documentation.
- Expert knowledge of loan principles and processes.
- Ability to read and interpret very complex loan and legal documentation.
- Extensive knowledge of construction due diligence and risk management.
- Excellent analytical and research skills. Must be accurate, detail oriented and have ability to multi-task.
- Must have excellent problem resolution, audit, customer service and communication skills, both verbal and written.
- Ability to train and mentor to less experience loan administrators/closers.
- Demonstrated ability to utilize sound judgment and work under limited supervision.
- Ability to communicate effectively with clients, RM’s internal/external legal counsel and credit management.
- Excellent computer skills including various word processing and spreadsheet software.
Benefits:
- Medical and Dental Insurance + Life Insurance + 401(k) plan + generous company matching!
- Competitive compensation commensurate with work experience (some roles include incentives, mileage + travel time pay, and/or parking waivers.
- Eligible for sales bonuses + monthly incentives and/or annual discretionary bonus
- Paid Training, paid Vacation, paid Holidays and promotional opportunities offered from within
- Tuition Reimbursement for qualifying employees
- Stable Employer, a division of Zions Bancorporation and is included in the S&P 500 & NASDAQ Financial 100 indices.