Commercial Loan Assistant

Commercial Loan Assistant – To $80K – East Brunswick, NJ – Job # 3822-9466

Who We Are

The Symicor Group is a boutique talent acquisition firm based in Schaumburg, IL & Rockport, TX. Our nationally unique value proposition centers around providing the very best available banking and accounting talent. In fact, most of our recruiters are former bankers or accountants themselves!

We know how to evaluate the very best banking and accounting talent available in the market. Whether you are a candidate seeking a new opportunity or a bank or company president trying to fill an essential position, The Symicor Group stands ready to deliver premium results for you.

The Position

Our bank client is seeking to fill a Commercial Loan Assistant role in the East Brunswick, NJ area. The position is responsible for documenting collections, closing and handling loan payments and advances, telephone and personal interaction with customers and third-party vendors to accommodate banking needs and solve problems, and other general duties. The Commercial Loan Assistant is responsible for accurate and timely loan preparation, servicing, and maintenance of commercial loan portfolios. 

The opportunity has a generous salary of up to $80K and a benefits package.  (This is not a remote position).

Commercial Loan Assistant responsibilities include:

• Correspond with applicants to gather financial information for the loan approval process.

• Order preliminary title work, UCC searches, Flood Certificates, environmental reports, Credit Reports, and all other necessary data.

• Assists Commercial Loan Officers in managing portfolios and administrative tasks as assigned.

• Working directly with Commercial Loan Officers, Treasury Management, and other team members to effectively grow portfolio revenue by presenting financial solutions to customers.

• Provides clerical and administrative support to assigned lending staff and assists with setting up commercial loan files with timeliness and accuracy.

• Coordinates with borrower and/or insurance agent for lapsed or expiring insurance.

• Contribute to the Team’s overall meeting and/or exceeding the assigned volume/production goals.

• Primary contact for the coordination of information between client and internal departments in the loan process.

• Prepares and reviews commercial loan documents prior to closing to ensure all approval conditions and requirements are accurate and complete.

• Responsible for communication and finalizing loan closing with third parties such as title companies, external closing attorneys, inspectors, and appraisers to ensure all aspects of the loan preparation are completed.

• Prepares loan disbursement entries for loan closing and bookings.

• Reviews and processes credit reports and draw requests for customers.

• Assists in obtaining updated financial statements, credit reports, rent rolls, and other financial information to maintain the servicing file.

• Prepares loan extensions and deferrals.  Assists in preparing credit memos.

• Coordinates process with participant banks for loan participation purchases or sales.

• Maintains files for all repos, small claims, and garnishments.

• Responsible for overseeing renewals, document tickler, and covenant tracking of loans.

• Monitors loan documentation exception reports and follows up to clear up document exceptions in a timely manner

• Monitor financial statement exception reports and follow up to clear up financial statement exceptions in a timely manner.

• Work closely with Commercial Loan Officer to manage maturing loans.

• Provide notary services as needed

Who Are You?

You’re someone who wants to influence your own development. You’re looking for an opportunity where you can pursue your interests and your passion. Where a job title is not considered the final definition of who you are, but merely the starting point for your future.

You also bring the following skills and experience:

• Bachelor’s degree preferred; experience in loan operations and loan closings considered in lieu of degree.

• Proficient in office skills as well as Microsoft Word and Excel.

• Ability to effectively communicate with customers with a high level of professionalism and integrity, as well as strong interpersonal communication skills.

• Ability to multitask, utilize time management to meet deadlines, and work independently.

• Excellent customer service, listening, and communication skills.

• Detail-oriented and able to work well under stress and/or deadlines

• Attendance and punctuality are essential in the functionality of this position.

The next step is yours. Email us your current resume along with the position you are considering to:

resumes@symicorgroup.com