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Commercial Loan Administrator

at Camden National Bank in Rockport, Maine, United States

Job Description

Under the direction of the Commercial Administration Assistant Manager the Commercial Loan Administrator I provides support to Commercial Banking Officers and Directors of Commercial Banking. The Commercial Loan Administrator I supports by assisting with organizing loan closings and pre/post-closing follow up to ensure adherence to organizational standards and regulatory requirements. Works directly with loan officers and commercial customers to solve problems and provide superior internal and external service.

 

This position is based in Rockport, Maine and has the flexibility of working from home up to two days per week.

 

Essential Duties and Responsibilities: 

  • Works collaboratively with Banking Officers in all areas of commercial loan documentation and servicing to achieve departmental goals.
  • Provides customer service support to commercial customers including assisting with loan advances, answering questions, problem resolution, line of credit advances and general inquiries.
  • Works collaboratively with Banking Officers to effectively prepare for loan closings ensuring all necessary due diligence required is met in accordance with loan policy and procedures per the approval document.
  • Reviews loan documentation before closing to ensure completeness and accuracy.
  • Review loan documentation after closing, ensuring collateral documents are recorded appropriately, all signatures are collected, files all documentation into the electronic file system and original required documents are kept according to retention procedure.
  • Works collaboratively with the designated Portfolio Manager to successfully maintain the loan portfolio in accordance with bank policy and procedure.
  • Effectively reviews loan files in preparation for loan file audits.
  • Works with commercial customers to obtain financials or required documentation in accordance with their loan agreement and track appropriately per procedure.
  • Establish strong relationships with referral sources, inside and outside the organization.
  • Effectively utilize technology and tools to maximize results (Sageworks, Synergy, Xperience, Outlook etc.)

 

Basic Qualifications

  • 0-2 years of experience working in a financial/banking institution or equivalent administrative role.
  • Basic knowledge of banking terminology.
  • Knowledge of banking regulations pertaining to commercial lending including but not limited to HMDA, CRA, Beneficial Ownership and Reg B preferred but not required
  • Knowledge of business structures, perfection of collateral and security interests preferred but not required
  • Essential knowledge of Loan Policy, Departmental Procedures, Regulatory and Compliance issues. (HMDA, CRA, OFAC, Reg B, Flood, Beneficial Ownership etc.)

 

Preferred Qualifications:

  • Knowledge of commercial lending, loan documentation and the loan closing process.
  • Knowledge of business structures, perfection of collateral and security interests.
  • 2 year college degree
  • Notary Public Certification

 

Skills and Abilities: 

  • Demonstrates an understanding of the competitive strengths of CNB’s products and services.
  • Strong written and verbal communication skills
  • Ability to work effectively independently and as part of team
  • Must be detail oriented and have an ability to multitask effectively
  • Effectively be able to prioritize tasks and problem solve with minimal assistance
  • Effectively uses technology to perform daily activities and service customers
  • Proactively and creatively takes initiative to meet commercial group goals
  • Ability to grasp, conceptualize and work through instructions to create the desired result

 

Supervisory Skills: 

  • This position does not have any supervisory responsibilities

 

 

Employment with Camden National is on an at-will basis, meaning employment is not guaranteed for any specific period of time, and any employment relationship established may be terminated by either party at any time, for any reason, with or without notice. Completion of an employment application is not a contract, express or implied, guaranteeing employment. Camden National Bank is an Equal Opportunity Employer and does not discriminate on the grounds of race, color, religion, sex, sexual orientation, including gender identity and gender expression, national origin, citizenship status, age, disability, genetic information or veteran status.

 

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Job Posting: 662918

Posted On: Jan 03, 2022

Updated On: Jan 19, 2022