Loan Administrator III Job Listing at City National Bank in Newark, DE (Job ID 10686)

Description

LOAN ADMINISTRATOR III
WHAT IS THE OPPORTUNITY? Provides loan documentation support to Commercial Banking Relationship Managers and Credit Officers in facilitating loan preparation and documentation activities. Serves as a liaison with lending team, City Loan Center (CLC), and legal to ensure all loans are documented to fully protect the Bank's interests in the credit relationship.
What you will do

• Loan Documentation ManagementInitiates and prepares loan documentation request packages including completion of Loan Documentation Checklist and verification of approval authority for submit to the CLC. Coordinates with Real Estate Documentation Income Property Group and Asset Based Lending departments, as applicable, to ensure loan documentation request package is complete. Follows up with CLC to resolve documentation discrepancies or to obtain missing documents. Audits all loan documents (after execution by borrower) to verify that the documents have been returned, signed, dated, and initiated properly. Ensures that any missing or altered documents are listed on the waiver report, and that proper approval for boarding with deficiencies has been obtained. Follows up on missing documents. Obtains necessary waivers before boarding a loan with exceptions.Obtains insurance documentation for new loans when required. Ensures that insurance coverage complies with established Bank standards. Provides on going support for compliance with all applicable laws, regulations and administrative duties Tracks, monitors, and maintains over margin accounts to ensure Bank collateral is secured and proper holds are placed.Performs loan closure process.
• File ManagementSets up and ensures that all shadow legal files are kept current and in accordance with filing standards and naming convention. Duties may include file room maintenance (e.g., archiving, filing, updating, File Tracker, etc.).
• Customer ServiceEnsures requests for loan servicing/maintenance are processed in a timely manner (e.g., pay downs, advances, etc.).Tracks and processes Libor renewals and rollovers.Handles customer and CNB colleague (RM, Credit Officer, Manager, etc) requests for loan requests

Must-Have*

• Bachelor's Degree or equivalent
• Minimum 4 years of documentation or loan servicing experience
• Minimum 4 years of basic computer experience(e.g. Microsoft Word, Excel, Outlook) required

Skills and Knowledge

Compensation Starting base salary: $28.58 - $45.66 per hour. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
*To be considered for this position you must meet at least these basic qualifications
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
Benefits and Perks
At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues. Get an inside look at our Benefits and Perks.
ABOUT CITY NATIONAL
City National Bank, a subsidiary of Royal Bank of Canada, is the largest bank headquartered in Los Angeles with $92.03 billion in assets as of April 30, 2024. Founded in 1954, City National provides personalized banking, investment and trust services in select markets including Los Angeles, Orange County, San Diego, the San Francisco Bay Area, New York City, Nashville, Atlanta, Delaware, Las Vegas, Washington D.C. and Miami.* In addition, the company and its investment affiliates manage or administer $96.83 billion in client investment assets. City National is dedicated to strengthening communities, and in 2023 alone, the company made more than $11 million in charitable contributions to nonprofits that support the communities it serves.

*City National Bank does business in Miami and the state of Florida as CN Bank.

For more information about City National, visit cnb.com.
EQUAL OPPORTUNITY EMPLOYER & REASONABLE ACCOMMODATION
City National Bank is an equal opportunity employer committed to promoting and maintaining a diverse, equitable and inclusive working environment where differences are valued and encouraged. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by the laws or regulations in the locations where we operate or in our Code of Conduct. READ MORE

If you are a qualified individual with a disability or a disabled veteran, you have the right to request a reasonable accommodation for any part of the employment process. Please contact us via email or leave a message at (213) 673-9139. These contact methods are dedicated to applicants whose disability prevents them from successfully applying online. Only messages left for this purpose will be returned. Responses may take up to two business days.

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