Commercial Loan Specialist - Boarding & Servicing

CIT Group Pasadena , CA 91101

Posted 2 months ago

Overview

Founded in 1908, CIT (NYSE: CIT) is a financial holding company with approximately $50 billion in assets as of Dec. 31, 2017. Its principal bank subsidiary, CIT Bank, N.A., (Member FDIC, Equal Housing Lender) has approximately $30 billion of deposits and more than $40 billion of assets. CIT provides financing, leasing, and advisory services principally to middle-market companies and small businesses across a wide variety of industries. It also offers products and services to consumers through its Internet bank franchise and a network of retail branches in Southern California, operating as OneWest Bank, a division of CIT Bank, N.A. For more information, visit cit.com.

Responsibilities

The Specialist is responsible for boarding and servicing loans in accordance with executed Docs and Approved Credit Memorandum. The Specialist will be responsible for posting all transactions including Advances, Payments, Payoffs and all other Monetary activity.

  • Ensures loan set-up and funds are posted and reconciled to the General Ledger. Responsible for initial input and/or daily call-back to insure accuracy.

  • Review loan documents prior to boarding for completeness and accuracy. Confers with other departments and third parties as necessary.

  • Performs all loan servicing duties to include payment processing, loan disbursements, loan system support, data updates and other duties as assigned.

  • Processes Syndicated and Participated loan transactions and settles with other Banks on a daily basis. Reconciles transactions and clears outstanding wires promptly.

  • Provides timely loan customer notifications of all types (e.g. regulatory and general) and acts as first line responder to all customer inquiries and elevating difficult issues to supervisor.

  • Interfaces directly with Relationship Managers, Credit Analysts and customers to resolve loan servicing issues.

  • Assists with required bank reporting documents (quarterly impairments, TFRs, etc) as requested. Provides support for bank audits as requested.

Qualifications

  • 3+ years related experience with a commercial bank

  • Knowledge of Commercial loan servicing system such as LoanIQ is a plus

  • Strong organizational, communication, attention to detail and quality control skills.

  • Able to handle tight deadlines with competing priorities on a daily basis

  • Strong knowledge of large commercial credits and commercial real estate loans.

  • Strong knowledge of syndications and participation servicing

  • Working knowledge of financial calculations such as interest per diem

#LI-AR1


icon no score

See how you match
to the job

Find your dream job anywhere
with the LiveCareer app.
Mobile App Icon
Download the
LiveCareer app and find
your dream job anywhere
App Store Icon Google Play Icon
lc_ad

Boost your job search productivity with our
free Chrome Extension!

lc_apply_tool GET EXTENSION

Similar Jobs

Want to see jobs matched to your resume? Upload One Now! Remove
Commercial Loan Officer

Boston Private Financial Holdings

Posted 1 week ago

VIEW JOBS 4/16/2019 12:00:00 AM 2019-07-15T00:00 Commercial Loan Officer Job Locations US-CA-Pasadena Posted Date 1 week ago(4/14/2019 11:21 PM) Job ID 2019-2052 # of Openings 1 Category Commercial Lending Overview The Commercial Loan Officer is responsible, individually and in a mentoring capacity, for managing a portfolio of existing commercial and private banking relationships, originating new financing transactions, and cross-selling the Bank's other products and services. Lead client relationship manager/business developer and manages more complex deals. Responsibilities Credit Quality/Portfolio Management * While maintaining a strong customer focus and customer relations, assesses and monitors a commercial and private banking loan portfolio. Understands, adopts, and adheres to the Bank's Loan Policy. In client relationship management roles, the Commercial Loan Officer IV has primary responsibility for all but the largest and most complex clients. Provides accurate assessments of credit risk as exhibited by proper risk ratings, comprehensive and accurate credit applications submitted for approval, solid loan recommendations and proposed structures. Understands loan documentation. Maintains comprehensive and current credit files. Monitors risk (delinquencies, overdrafts, etc.). Provides timely information to management regarding potential portfolio issues. Business Development * Cultivates new lending opportunities that can be developed into strategic relationships. Responsible for annual goals tied to loan volume, fee income generation and cross-sales. Works closely with internal partners to generate internal referrals as well as develops an external network of centers of influence. Involved within the community and supports the Bank's Community Reinvestment Act (CRA) initiatives. * Actively engaged in a leadership role either internally or externally in the community (chartable and/or business organizations). Actively works with all business areas to develop and maintain cross-selling opportunities. Proficient with a variety of Bank products and services. Participates in special projects and initiatives as needed. Qualifications * BS/BA preferred * Formal Credit Training preferred * 8 years of direct commercial and/or private banking lending experience * Excellent communication and client service skills * Experience with Moody's Financial Statement Analyst software or similar financial statement analysis software required * Proficient with Microsoft Office * Excellent quantitative/analytical and oral/written skills * Proficient in multi-tasking in a team oriented environment focused on the highest standards of client service. Boston Private Financial Holdings Pasadena CA

Commercial Loan Specialist - Boarding & Servicing

CIT Group