Job description

We are looking for a Sr. Loan Document Processor who wants to take the next step to a Commercial Loan Document Manager for a local Hometown Community Bank in the Quakertown, PA area. Excellent customer service and internal culture are what sets us apart from other banks. If you are looking to be part of a great team and grow your Commercial Loan Documentation career, we want to talk to you.

MUST have a Commercial Banking Background

GENERAL DUTIES AND RESPONSIBILITIES:

Responsible for administering the Bank’s Loan Documentation procedures to insure efficient and effective operations, including but not limited to:

• Supervising new loan preparation which includes interpreting lending officer’s instructions, and perfecting Bank’s interest in collateral.
• Ensuring that all internally and externally prepared documentation is accurate, complete and meets compliance standards.
• Maintaining a pending list for any exceptions.
• Performing the final review of settled loans.
• Examining, interpreting, and preparing required documentation for loan modifications and subsequently ensuring accurate changes are made on the core software.
• Communicating with internal customers (Lenders and Loan Services) as well as external customers (attorneys) on various issues.
• Initiating accounting changes with respect to commercial loans.
• Monitoring Committee Presentations regarding new loans, line renewals and modifications.
• Performing compliance reviews for CRA, HMDA and flood insurance.
• Providing information to title companies, attorneys, Life Insurance Companies and sometimes Letter of Credit beneficiaries, as requested.
• Responsible for staying current with products, services, and industry trends with respect to documentation and lending.

Supervises department personnel, including but not limited to:

• Ensuring that prescribed operating policies and procedures are followed.
• Reviewing employee performance and making recommendations regarding salary changes, promotions, transfers, or terminations.
• Training department personnel.

Provide support to the International Group, as needed:

• Preparation of letters of credit.
• Managing the Bank’s exposure under Letters of Credit, from the time of issuance to final negotiation including auto renewals, modifications, trade letters of credit and draws.
• Serves as international liaison for commercial transactions with correspondent bank.

Review all changes to loan documentation software.

Serves as Data Owner of various commercial loan related applications, having responsibility for all maintenance, enhancements, and data associated with that application.

Responsible for the ongoing preparation and accuracy of various reports including unused commitment, stock pricing and others.

Responsible for the reconciliation of all general ledger accounts assigned to the department.

Complete assigned compliance training in a timely manner and demonstrate the ability to apply training to their duties and responsibilities including their supervision of other employees.

Assumes additional job-related duties as required.

REQUIRED TRAINING, EXPERIENCE, AND EDUCATION:

Five years of experience in commercial loan documentation practices, including general policies and procedures, and relevant law.

Ability to multi-task and work effectively with colleagues, managing time and resources to ensure work is completed efficiently and within established time frame.

Interpersonal skills to represent in a positive manner when dealing with internal and external customers.

Must be proficient in various computer applications, including Microsoft Word and Excel.

PREFERRED TRAINING, EXPERIENCE, AND EDUCATION:

Previous supervisory experience.

Previous experience using Laserpro software.

Job Type: Full-time

Pay: $70,000.00 - $80,000.00 per year

Benefits:

• 401(k)
• Dental insurance
• Health insurance
• Paid time off
• Vision insurance

Physical setting:

• Office

Schedule:

• 8 hour shift

Experience:

• Commercial Loan Documentation: 5 years (Preferred)
• Banking: 5 years (Preferred)

Work Location: In person

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