What are the responsibilities and job description for the Commercial Loan Service Assistant position at Connecticut Community Bank?
Position Summary:
Support loan operations and lending activities for both commercial and consumer loan portfolios
Qualifications Required:
- High School/GED diploma
- Minimum three years’ experience with commercial loan servicing
- Proficiency in using Excel, Word, Outlook and other applicable software
- Basic Accounting Skills
Essential Functions and Responsibilities:
- Input commercial/consumer loans, Term Loans, Lines of Credit, Letters of Credit, etc.
- Perform quality control reviews of loan bookings, etc. ; resolve issues identified
- Process loan fees and costs in accordance with standard accounting practices
- Update borrower information in collateral and/or credit files as required
- Accurately complete approved/authorized loan maintenance requests received from various Lending areas including, Scheduled Review Updates, Loan Officer Changes, Risk Rating Changes, Document Request Updates and Tickler Updates
- Process line advance requests; verify availability, proper approval/compliance with loan conditions
- Produce and verify loan billings and notices and review for accuracy prior to mailing
- Process payoff requests ensuring conditions are met such as pre-payment penalties
- Monitor paid loans, execute releases of collateral, return documentation to borrowers
- Assist lending staff and customers with questions and issues regarding loans
- Process loan payments accurately and timely in accordance with payment schedule
- Service Banks portfolio of “pool” loans and purchased mortgages
- Service Banks portfolio of SBA loans
- Reconcile various daily, weekly, monthly, quarterly reports, including general ledger
- Inform Manager of any issues or discrepancies found
- Assist in the monitoring of collateral files, etc.
- Inform Lending Officers of documentation deficiencies and defects
- Assist with the origination of letters relating to insurance renewals
- Assist with updating CORE DNA system with insurance renewal policies, etc.
Job Type: Full-time
Pay: $24.00 - $34.00 per hour
Expected hours: 40 per week
Benefits:
- 401(k)
- Dental insurance
- Employee assistance program
- Flexible spending account
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Tuition reimbursement
- Vision insurance
Schedule:
- 8 hour shift
- Day shift
- Monday to Friday
- No weekends
Work Location: In person
Salary : $24 - $34