What are the responsibilities and job description for the Commercial Loan Administrator II position at Thomaston Savings Bank?
Major Duties and Responsibilities
Responsible for the Pre-Closing stage for all credit facilities in Loan Vantage. Responsible for the preparation of Annual Reviews of commercial loan relationships including, completing due diligence, updating templates and updating facility status when annual reviews are complete.
Responsible for ensuring the due diligence process in Loan Vantage is done timely and accurately. Responsible for maintaining the electronic commercial loan files stored in Identifi; ensuring current and accurate documentation, including updating files for all follow-up credit actions.
Responsible for the appraisal process including verifying collateral, determining the type and approach for the appraisal; requesting appraisal bids; ordering appraisals; updating Loan Vantage; appraisal reviews and internal evaluations. Compiles required documentation to ensure the appraiser has the necessary information to complete the assignment. Reviews appraisal reviews, requests updates from the appraiser for material issues identified.
Responsible for the Document tracking report and monitoring of necessary financial and missing documentation. Ensures all information received is filed in a timely fashion and Loan Vantage ticklers are updated accordingly. Responsible for the data integrity of ticklers in Loan Vantage. Responsible for completing the on-boarding of all new loans originated within 30 days of origination and completing follow up to ensure complete credit file is in Identify.
Assist in the generation of financial statement request letters as defined in the Financial Statement and Annual Review Procedures. Spread Financial Statements and Tax Returns within LoanVantage (LOS) for existing relationships. Spreading should be completed within a reasonable time from receipt of financial information. Assist with the managment of the Commercial Service Desk (manage engine).
Attend Management Loan Committee meetings to accurately document the Committee’s dialogue and decisioning through minutes. Assist in the generation of Loan Review reports as needed.
Recommends procedural changes to improve efficiency and maintains current departmental procedures including but not limited to Due Diligence; Financial Monitoring; Annual Review tracking.
Maintains current knowledge and compliance with all regulatory BSA/AML and OFAC requirements and with all other bank policies, procedures and regulations.
EOE, including disability/vets
