Commercial Banking Loan Administration Manager – Boston, MA

ISC’s team of Banking and Financial Services Recruiters are partnering with a well-established Bank with a strong presence in the Greater Boston market on a Commercial Banking Loan Admin Manager opportunity.

They have been extremely successful in serving the region through high-touch relationship banking, strong financial position, and community commitment. The Loan Administration Manager opportunity is open due to growth and is a highly visible position within the Bank with continued growth opportunities.

 

Commercial Banking Loan Administration Manager Requirements:
• Bachelor’s Degree.
• 10 plus years of experience within Banking and a minimum of 5 within loan administration.
• Minimum of 3 years of Management / Supervisory experience leading a team.
• Proficient and knowledgeable on Commercial Loans including C&I, Real Estate, ABL, Small Business.
• Strong knowledge on commercial loan cycle and understanding of demand line of credits, letters of credit, construction, term, Industrial Revenue Bonds, ABL, SWAPs.

 

Commercial Banking Loan Administration Manager Rewards – If you qualify for this opportunity, the Bank offers the below:
• Excellent full compensation and bonus potential.
• Bank with an excellent reputation and proven, continued growth in the local market.
• Supportive and collaborative culture with a team of passionate and dedicated professionals who enjoy coming to work.
• High visibility to senior leadership with continued growth opportunities.

 

Commercial Banking Loan Administration Manager Responsibilities:
• Manage and lead the Commercial Loan Administration team, measuring performance metrics and providing continued training and development for associates.
• Oversee all loan closings and servicing functions for C&I, CRE, Small Business and ABL loan portfolios.
• Additional oversight of specialty loan closings, including Commercial SWAPS, construction loans, and Industrial Revenue Bonds.
• Manage report surrounding deal pipelines and take part in meetings regarding deal flows and pipeline.
• Oversee the onboarding of new loans including modifications, renewals and extensions, ensuring all procedures are accurately performed.
• Additional management of personnel responsible for compliance tasks, including flood insurance determination and modifications, Reg B, Ref C, Ref O Insider, FASB and CIP Program.
• Oversee team in Post-closing documentation review. Ensure all loan documentation is accurately executed and partner closely with Loan Officers, Borrowers & attorneys to clear them.
• Contribute and organize, when applicable, new system releases and enhancements, including training of staff.
• Continually review and manage commercial loan administration and servicing procedures. When necessary, spearhead and roll out new procedures and processes.
• Ensure processing of commercial SWAPs is accurate.
• Partner with the Chief Credit Officer and Director of Commercial Servicing to ensure non-performing loans are correctly and accurately reported according to FDIC regulations and Bank Policy.
• Monitor and oversee the review of closing documents to ensure compliance with policies and regulations.
• Administer and direct the preparation and process surrounding commercial loan information that is reported to the Board monthly. Ensuring it’s in compliance with State/Federal Regulations.
• Manager and oversee 35-40 GL asset accounts and suspense accounts, responsible for making sure weekly and monthly reconciliations are complete and accurate. Continually review and follow up on any outstanding items.
• Oversee projects in loan servicing department and throughout the Bank as needed.

 

Click here to apply ONLINE

 

How to Apply?

For consideration, Please Send Resumes directly to Lisa Finch,

Know someone who might qualify?

We gladly pay $500 Referral Fees for referrals who result in hire – Please send Lisa referral name and information. All referrals are confidential; we will not use your name when contacting referral, unless you ask us to! We will contact you upon successful placement.