• Commercial Business Administrator

    ID
    2019-7847
    Job Locations
    US-MA-Boston
    Category
    Lending
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    At First Republic, we care about our people. Founded in 1985, we offer extraordinary client service in private banking, private business banking and private wealth management. We believe that personal connections are everything and our success is driven by the relationships we form with our colleagues and clients. You’ll always feel empowered and valued here.

     

    Incredible teams doing exceptional work, every day

    In Lending Services, we document and fund all loans for First Republic. We’re responsible for servicing bank and investor loan portfolios, as well as responding to client and loan team inquiries. The team also supports sales staff in workflow processes, product development, training and compliance. Additionally, we support lending-based systems and vendors and manage technology projects across First Republic product lines.

     

    Common goals, uncommon potential

    First Republic Bank is looking for a skilled lending professional to join our Commercial Loan Closing team. As a Commercial Business Administrator, you will assist the Bank’s loan teams in originating each commercial 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.

     

    What you’ll do as a Commercial Lending - Loan Admin Functional Role:

    • Assist Business Bankers and Credit Analysts with managing their workflow, questions regarding products, functionality, etc., providing options and escalating issues when appropriate.
    • Accurately generate all required loan and real estate documentation within the expected service level. This includes working with third parties such as title companies, etc.
    • Obtain potential client information, perform the necessary due diligence, and enter results into the origination system.
    • Validate the full and proper execution of loan documentation and fund the loans.
    • 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.

     

    You could be a great fit if you have:

    • Bachelor’s degree
    • Must possess four or more years of experience in commercial lending or related field.
    • Must possess strong working knowledge of Microsoft Office Suite (Word, Excel, Visio, PowerPoint).
    • Knowledge of the following loan products preferred: Term Loans, Lines of Credit, Commercial Real Estate, Construction Loans, Film and Media Lending, Standbys Letters of Credit, and SBA Lending.
    • Knowledge of residential and commercial loan systems (Net Oxygen, TotalPlus, ML and/or IL) and operations a plus.
    • Three or more years of experience in Real Estate/CRE lending and/or exposure to other commercial loan products preferred.
    • Knowledge of LaserPro, HotDocs, or similar loan documentation systems preferred.
    • Knowledge of AFS, CLO and/or OnBase preferred.
    • Ability to successfully manage projects of a varied and complex nature.
    • Strong analytical, process, and people skills.
    • Excellent oral and written communication skills.
    • Ability to work proactively and operate accurately and efficiently in a fast-paced environment with variable deadlines.
    • Demonstrated organizational skills and a strong attention to detail.

    Job Demands:

    • Must be able to review and analyze data reports and manuals; must be computer proficient.
    • Must be able to communicate effectively via telephone and in person.

    Own your work and your career — apply now

    Are you willing to go the extra mile because you love what you do and how you can contribute as a team? Do you want the freedom to grow and the opportunity to take charge of your own career? If so, then come join us.

     

    We want hard working team players. You’ll have the independence to learn, lead and drive change. A culture of extraordinary service, empowerment and stability — that’s the First Republic way.

     

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