Commercial Loan Administrator

River Run manages the shared services organization supporting both Newburyport Bank and Pentucket Bank. While both Banks maintain their independent mutual community bank status working in tandem under River Run provides scale to the organization. Working together under River Run provides greater opportunities for advanced products and services and operational efficiencies. This will establish River Run as a dominant sustainable independent and fullservice mutual community banking partnership in the Northeastern Massachusetts and Southern New Hampshire markets.

Commercial Loan Team Support

• Coordinates with lenders credit analysts portfolio managers attorneys and their staff and commercial loan servicing all aspects of loan closing ensuring all loans are closed in a timely manner based upon the approved parameters. Prepares attorney engagement letters in accordance with the banks approved attorney list.
• Prepares or reviews commitment letters in a coordinated effort with Commercial Lenders.
• Performs all preclosing due diligence including but not limited to ordering flood certificates and flood insurance Secretary of State documents GEO codes UCC searches tax escrow calculations clearing approval conditions collecting and reviewing all regulatory documents insurance and organization documents.
• Prepares notes mortgages loan agreements and any other bank documents necessary for closing using Sageworks Laser Pro and Horizon systems.
• Compares approval document and commitment letter to documents and reviews HUD settlement statement.
• Receives closing document packages and prepares legal file to be sent to commercial servicing department for boarding scanning and quality control.
• Assists with postclosing follow up on missing documents.
• Assists in problem solving any issues within the Commercial Lending Department with the guidance and assistance of the senior Commercial Lending staff.
• Prepares and maintains records for commercial construction loans based upon approval process. Also assists Commercial Lenders with initial construction project setups involving 3rd party construction monitoring.
• Performs general administrative and clerical support tasks including but not limited to filing photocopying scanning and assembling credit and legal files.
• Assists in ordering and maintaining inventory of department office supplies.
• Assists with monitoring and supervising the Financial Statement tracking database and assist with credit file maintenance and overall commercial loan quality control.
• Coordinates annual financial statement collection via periodic mailings.
• Perform nonfinancial annual reviews.
• Works closely with auditors and regulators preparing and presenting documents as requested.
• Functions as one of the Bank Notaries.
• Serves as a resource for Commercial Servicing Representatives as needed.

Customer Support

• Develops relationships with customers and their support staff to better serve customer needs. Responds to customer inquiries or inquiries from other areas of the bank relative to questions concerns or problems ensuring the highest degree of customer service and problem resolution.
• Performs a variety of customer service and loan servicing functions.
• Supports 23 Commercial Lenders

Education and Experience

• High school diploma or equivalent.
• Minimum of 3 years in a professional office environment preferably within a commercial lending related function (i.e. banking/financial services attorney or real estate broker).
• Detail orientation ability to work successfully with deadlines and time constraints ability to learn basics of the Banks products and services including loan products selfmotivation and decisionmaking skills required.
• Working knowledge of general banking and lending concepts and principals in addition to experience with and understanding of Microsoft applications (Word Excel and Outlook).
• Professional demeanor and professional maturity required for working closely with customers employees vendors and members of the Board of Directors.

Physical Requirements

• Prolonged periods of sitting at a desk and working on a computer.
• Must be able to lift up to 15 pounds at times.

River Run Services LLC is an Equal Opportunity Employer and all qualified applicants will receive consideration for employment without regard to race color ancestry national origin gender sexual orientation marital status religion age disability gender identity results of genetic testing or service in the military.

If you are an individual with a disability and require a reasonable accommodation to complete the application process you may contact Human Resources at or call.

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