ElMonteRecruiter Since 2001
the smart solution for El Monte jobs

Senior Loan Administrator

Company: East West Bank
Location: El Monte
Posted on: November 21, 2022

Job Description:

Introduction: Since 1973, East West Bank has served as a pathway to success. With over 120 locations across the U.S. and Greater China, we are the premier financial bridge between the East and West. Our teams of experienced, multi-cultural professionals help guide businesses and community members on both sides of the Pacific looking to explore new markets and create new opportunities, and our sustained growth and expertise in industries like real estate, entertainment and media, private equity and venture capital, and high-tech help build sustainable businesses and expand our associates' potential for career advancement.Headquartered in California, East West Bank (Nasdaq: EWBC) is a top performing commercial bank with an exclusive focus on the U.S. and Greater China markets. With a strong foundation, and enterprising spirit and a commitment to absolute integrity, East West Bank gives people the confidence to reach further.Overview: The Loan Administrator SR is responsible for performing due diligence tasks related to loan documentation and closing; including the review and analysis of loan structures, business entity formation, and various collateral sources on complex commercial loans. This position is also responsible for the pre-closing review of the loan including the preparation of the boarding data for accurate booking and assignment of codes including the post closing exception tracking. The Loan Administrator SR will further work with lending staff, credit administration, credit supervision, compliance, and in-house legal departments to ensure compliance with all applicable policies and procedures in support of Loan Documentation and Closing. Position provides coverage for all Loan Administrators and may act as a floater within the department.Responsibilities:* Perform detailed due diligence review of business entity formation documents; such as corporations, partnerships, limited liability companies, and sole proprietorships.* Perform due diligence of Flood Requirements* Act as liaison between Escrow, Title, Attorneys and all interested parties to coordinate documentation, funding and closing of Commercial Loans including but not limited to; CRE, C & I, Capital Markets, and Private Equity Loans.* Review collateral support documents to ensure appropriate collateralization pursuant to credit approval.* Review CCR and all appendices to determine appropriate credit approval and completed presentation to prepare the loan documents* Conduct search and review for intellectual property including trademarks, patents and copyrights* Review and ensure all regulatory and policy compliance issues are satisfied prior to commercial loan documentation and closing.* Recognize and discuss loan transactions with lending staff and credit supervisor to resolve any outstanding issues prior to loan documentation and closing.* Act as a liaison between relationship managers, loan documentation and funding, in-house counsel and all interested parties to coordinate documentation, funding and closing of commercial loans including but not limited to CRE, Construction, C&I loans* Review all Credit Lending conditions have been met prior to closing* Perform pre-Closing review of Loan Documents post execution* Prepare closing documents including but not limited to; Boarding Data Sheet ensuring data accuracy and proper assignment of codes and post closing requirement* Perfect all Collateral including but not limited to Commercial Real Estate, Equipment, Blanket Liens, Cash, Securities, Intellectual properties, etc.* May prepare loan documents on LaserPro in accordance with Bank Policy and according to the terms of the approved credit.* May prepare Lender's Instructions and work closely with Title Companies* May participate in the User Testing of LaserPro and ILM workflow systems* May assist in creating/establishing procedures in support of the Loan Administration team* Provide support and back up to the Loan Administrators, Loan Administration Associate and Senior Loan Servicing specialist relative to management of the C & I portfolio.* Support other projects as assigned by the Manager* Respond to all internal and external customer inquiries* Create Management reports as requested* Perform other duties as assignedQualifications:* Bachelor Degree in Finance or Accounting preferred or equivalent experience* 7 years of experience as a loan administrator or commercial loan documenter* Knowledge of all aspects of loan documentation and closing, including commercial and commercial real estate, loan provisions/terms, various collateral sources and compliance* Commercial Loan accounting experience required with FIS preferred* Commercial Loan Documentation system experience required with LaserPro preferred* Broad knowledgeable with real estate title work required* Effective verbal and written communication skills* Ability to provide excellent customer service* Ability to multi-task, adapt quickly to changes and work effectively in a fast-paced environment* Must be a self-starter and possess positive attitude with good organizational skills* Thorough knowledge of Microsoft software, inclusive of Word and Excel* Document Imaging system experience required* Excellent written and verbal communication skills required* Good organizational, analytical and problem solving skillsLocation: 9300 Flair Drive, El Monte, CA 91731Job Type: Full-time

Keywords: East West Bank, El Monte , Senior Loan Administrator, Other , El Monte, California

Click here to apply!

Didn't find what you're looking for? Search again!

I'm looking for
in category
within


Log In or Create An Account

Get the latest California jobs by following @recnetCA on Twitter!

El Monte RSS job feeds