First Republic Bank

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Loan Administrator, Commercial Loan Closing

Loan Administrator, Commercial Loan Closing

ID 
2017-5090
Job Locations 
US-CA-Los Angeles
Category 
Lending

More information about this job

Overview

First Republic Bank is looking for a skilled lending professional to join our Commercial Loan Closing team. As a Commercial Loan Administrator, you will assist the Bank’s Business Banking loan teams in originating each loan by ensuring that the loan is documentable and serviceable by the Bank, creating loan and credit files, performing due diligence by obtaining all required client information to support the loan transaction, and consistently updating the commercial loan origination database. You will also review, perform the necessary due diligence on, and capture information to accurately generate and analyze loan and real estate documentation as well as fund and board the loans to the Bank’s accounting system.

Responsibilities

Additionally, you will:

  • Assist Business Bankers and Loan Teams with managing their workflow, questions regarding products, functionality, etc., providing options and escalating issues when appropriate.
  • Accurately generate all required loan documentation within the expected service level. This includes working with third parties such as law firms.
  • Validate the full and proper execution of loan documentation and fund the loans.
  • Perform quality assurance on KYC performed by the loan teams to ensure the Bank’s BSA/AML guidelines are met
  • Setup, modify, extend, or renew loans on the accounting system.
  • Generate and obtain documentation related to the collateral and file all appropriate liens/holds, etc., to secure collateral.
  • Perform duties and responsibilities specific to department functions and activities or as assigned by supervisor.
  • Responsibilities include the following: 1) adhering to and complying with all applicable, federal and state laws, regulations and guidance, including those related to Anti-Money Laundering (i.e. Bank Secrecy Act, USA PATRIOT Act, etc.); 2) adhering to Bank policies and procedures; 3) completing required training; 4) identifying and reporting potential suspicious activity to the BSA/AML Officer; and 5) knowing and verifying the identity of any customer(s) that enters into a relationship with the Bank.

Qualifications

  • Bachelor’s Degree required.
  • Must possess 2 or more years of experience in commercial lending; preferably in closing.
  • Knowledge or experience in entertainment/syndication lending preferred.
  • Must possess knowledge of LaserPro, HotDocs, or similar loan documentation systems.
  • Knowledge of CLO and/or AFS preferred.
  • Must be able to successfully manage projects of a varied and complex nature.
  • Must possess working knowledge of Microsoft Office Suite.
  • Must possess strong analytical, process, and people skills.
  • Must possess excellent oral and written communication skills.
  • Must possess the ability to work proactively and operate accurately and efficiently in a fast-paced environment with variable deadlines.
  • Must possess demonstrated organizational skills and a strong attention to detail.
  • Must be able to provide extraordinary service and have fun!

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