Loan Administration Officer

GENERAL SUMMARY

Responsible for the preparation/review (attorney prepared) loan documents for commercial loans. Obtain and review all necessary loan information to prepare/review adequate loan documents and takes appropriate action on any issues. Acts as a liaison with internal and external sources, coordinate meetings with related parties as needed, working with title companies as well as internal and external legal sources. Coordinates loan closing, ensuring that all loan documents are properly executed, all terms and conditions are fulfilled, and collateral position is perfected within the allowed time frame.

ESSENTIAL FUNCTIONS

• Review all necessary loan information to prepare appropriate loan documents, including loan approvals, appraisals, borrowing authority documentation, title information, demand, and any additional information as needed to perfect the bank’s position and reflect the terms of the loan approvals. Take appropriate action on any issues that arise to meet the requested document due date.
• Prepare or review attorney prepared/LaserPro complex loan documents (i.e., Asset Based, complex Construction, complex International Trade Finance, SBA, Syndication, Participation, etc.) based upon loan approvals, adhere to bank policies and procedures. 
• Participate in loan document discussion with bank legal/outside counsel and relationship manager. Ensure loan documents are accurate, complete, are in compliance with all federal and state laws and regulations.
• Work with the Legal Department or outside counsel when appropriate to coordinate the preparation of loan documents or to obtain specific legal language as needed. Determine whether standard documents can be used, or if assistance from the Legal Department is required in the document preparation. 
• Communicate, if applicable, with the loan officer to ensure that all title issues are satisfied: comprehensive recording instructions to the title company are prepared and delivered.
• Work on loan closing/funding, ensuring that all loan documents are properly executed and approved by the loan officers as appropriate; terms and conditions are fulfilled; loan is closed and funded accurately and within established time frame.
• Perform post funding jobs including but not limited to collateral perfection, tax service, UCC filings, tickers, linesheet setup, ensure lien position and follow up trailing documents. 
• Database administrator for LaserPro. Will be responsible for updating and maintaining LaserPro library setting, testing LaserPro disaster recovery application prior to implementing additions or changes to production.
• Create and update Department Desk Top Procedures.
• Train and provide guidance to junior team members and review and sign off on junior team member’s work. 
• Review/create partial releases and collateral hold releases.
• Other duties as assigned by supervisor/manager.

QUALIFICATIONS

• Education:    College graduate with major in accounting or business preferred.
• Experience:  6+ years of experience in commercial loan documentation and funding with a minimum of 2 years of experience at senior level.
• Some supervisory experience is a plus.
• Skills/Ability: Detail-oriented and accurate; ability to make sound recommendations to improve workflow; excellent communication skills; LaserPro and PC proficient; some IBS proficiency; knowledge on reviewing attorney prepared loan document; thorough knowledge and understanding of commercial loans and international lines of credit.

OTHER DETAILS

$38.46 – $43.26 / hour
Pay determined based on job-related knowledge, skills, experience, and location.