What are the responsibilities and job description for the Senior Loan Administrator position at Peapack Private Bank & Trust?
Peapack Private Bank & Trust is a well-recognized, high-performing boutique bank; a leader in wealth, lending and deposit solutions, capable of providing the most sought-after products and services that fulfill all of our clients’ needs. We offer an innovative approach to private banking to help clients establish, maintain and expand their legacy.
What makes Peapack Private different from our competition? We are an institution that’s over 100 years old that has always believed in putting the well-being and needs of our employees and our clients first. We are proud to be recognized for the sixth consecutive year, by American Banker as one of the ‘Best Bank to Work For’ across the nation. Our secret sauce in one word is our ‘culture’. We value a diverse, equitable, inclusive and safe workspace. Our one-team culture goes to great lengths to show all employees that they are valued members of the team. We treat each other as family, and as such, communicate throughout the Bank in a transparent and frequent manner, respect and value feedback from all levels and operate with a philosophy of hospitality and general human kindness.
There are multiple way to build relationships and get involved; from joining one of our Cultural Ambassador Sub-Committees focused on our Wellness, Employee Fun, Diversity & Inclusion, or Environmental Awareness, to involvement in multiple community service activities through our Volunteerism outreach, to joining LIFT (a committee focused on enriching the lives of women - Leading Inspiring Females Together). Said quite simply, the culture is amazing!
Responsibilities
- Post-close booking and review of Commercial (CRE, C&I, Healthcare) and SBA Loans
- Process amendments and extensions for Commercial (CRE, C&I, Healthcare) and SBA Loans
- Process all on-going loan servicing activity (Advances, Pay downs, Interest Payments, Rate Changes, Payoffs, Taxes, Insurance, Collateral Tracking and Release, Collections)
- Process on-going loan servicing activity for Commercial agented and participated loans and/or loans with associated Swaps. Including actioning agented notices for C&I participated loans
- Customer Service (Respond to internal and external inquiries)
- Monitor all reconciliation, suspense, and past dues for assigned portfolio
- Monitor all quarterly and monthly fees including unused lines fees and letter of credit fees
- Prepare SBA Colson Reporting; research Colson related questions
- Review team member File Maintenance transaction processing
- Prepare departmental proof reconciliations
- Coordinate all aspects of the Annual Tax Escrow Analysis Process
- Ability to transfer servicing knowledge to other team members
- Accountable to service all loans in accordance with all documents, policies, and procedures
- Project lead on operations projects and audit requests
Direct Reports: None
Indirect Reports: None
Qualifications:
Required:
- Bachelor Degree in Business Related Field required
- Minimum 5-7 years working in a Loan Operations Department
- Strong understanding and ability to read and interpret Commercial Loan Credit Agreements and Credit Approval Memos.
- Experience servicing direct, participated, and syndicated commercial loans.
- Critical thinking and analytical skills required to review all transaction processing (file maintenance).
- Strong understanding of Loan Operations SOX controls and risk mitigation
- Strong communication skills
- Strong client interaction skill set
- Detail oriented
-
Superior multi-tasking skills
- Experience with basic office programs and equipment including Microsoft Office
Desired:
- Knowledge of Jack Henry System Silverlake a plus
- Knowledge of Synergy and Synergy Capture a plus
- Knowledge of Syntraks a plus
- Knowledge of Derivatives Path a plus
Special Position Requirements:
☒Sitting for prolonged periods
☐Driving for prolonged periods
☐Bending/Standing for prolonged periods
☐Walking for prolonged periods
☒Reading small print
☐ Carrying up to List lbs..
☐ Lift up to List lbs.
☐ Push/Pull up to List lbs.
☐ Filing for prolonged periods
☐Telephone for prolonged periods
☒Computer for prolonged periods
Benefits
Peapack Private Bank & Trust offers medical, dental, and vision coverage to full-time employees, in addition to a competitive PTO package and 401k match.
