What are the responsibilities and job description for the Loan Documentation Administrator position at NBT Bank?
Pay Range: $27.63 - $36.89
The Loan Documentation Administrator at NBT is responsible for preparing, reviewing, and ensuring accuracy and compliance for loans across the bank’s lines of business. The Loan Documentation Administrator develops and influences documentation policy along with the department manager. Advanced technical expertise in complex loan documentation as well as documentation and origination software are utilized to ensure the systems and documentation are compliant and ensure adherence to loan approval, loan policy, bank procedures, laws, and regulations.
Apply advanced knowledge of loan accounting system setup, documentation software including products and specs, origination software, policy, procedures, regulations, and law to ensure the bank’s interests and assets are protected. Analyze information, comprehend complex loan documentation and structure including swaps, participations, syndications and letters of credit. They are capable of independent decision making, only requiring guidance on more complex situations. Work with General Counsel and external counsel creating appropriate language in documentation that adheres to laws and regulations, policy and procedures.
Activities directly impact customer accounts, bank reporting, and risk mitigation. Responsible for managing bank approved attorneys and the development and maintenance of standardized legal language for approved external counsel. Lead development and testing of enhancements and upgrades to documentation and origination systems providing guidance to all levels of employees.
Apply advanced knowledge of loan accounting system setup, documentation software including products and specs, origination software, policy, procedures, regulations, and law to ensure the bank’s interests and assets are protected. Analyze information, comprehend complex loan documentation and structure including swaps, participations, syndications and letters of credit. They are capable of independent decision making, only requiring guidance on more complex situations. Work with General Counsel and external counsel creating appropriate language in documentation that adheres to laws and regulations, policy and procedures.
Activities directly impact customer accounts, bank reporting, and risk mitigation. Responsible for managing bank approved attorneys and the development and maintenance of standardized legal language for approved external counsel. Lead development and testing of enhancements and upgrades to documentation and origination systems providing guidance to all levels of employees.
Education and Experience:
- Bachelor’s degree and 3 years’ experience required. Or equivalent combination of education and experience.
- Professional or customer service experience preferred
Skills and Abilities:
- Ability to comprehend complex commercial loan structure, loan policy, regulations, and law; analyze requests and data required; identify and communicate risks.
- Strong organizational skills required
- Good communication skills (written and oral) required
- Strong reading and comprehension skills required
- Intermediate computer skills required
- Accounting skills preferred
Unique Job Requirements & Characteristics
- Ability to deliver high quality work in a friendly and fast paced environment
- Ability and willingness to learn new skills
- May occasionally be required to work outside of normal business hours, including evenings or weekends
Tasks Performed:
- 25% Accountable for the support of loan documentation preparation and/or review of complex commercial loan documentation including swaps, participations and syndications ensuring accuracy and meeting requirements of loan approval, policy, regulations, and law. This will include reporting any exceptions to the appropriate parties and escalation of potential risk, and resolution of exception items.
- 25% Develop and implement new products or enhancements within loan documentation or origination systems collaborating with counsel and business lines. Train new employees and/or new products/work flow.
- 15% Maintain advanced knowledge of, and demonstrate ongoing compliance with, all laws and regulations applicable to this position. Adhere to policies, procedures, and internal controls. Ongoing focus on risk and fraud mitigation.
- 10% Uphold service level standards under normal conditions.
- 5% Assist with employee training and onboarding
- 5% Other duties as assigned
Physical Requirements:
- Communicate effectively with internal and/or external customers
- Stationary 75% of time or greater
- Move Objects to Maximum 10 lbs
Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time.
Salary : $28 - $37
