Commercial Loan Administration Manager

Newburyport, MA - USA

Monthly Salary: Not Disclosed

Posted on: 23 hours ago

Vacancies: 1 Vacancy

Job Summary

Full-time

Description

River Run is a shared services organization that supports banking affiliates Newburyport Bank Pentucket Bank and Rollstone Bank & Trust.

Job Summary

This position manages commercial loan administration workflow and staff oversight across the full loan lifecycle including origination regulatory compliance closing servicing and maintenance of commercial and commercial real estate loans. The CLA Manager also establishes regulatory policy and customer service standards to ensure timely exception-free loan closings serves as liaison between loan administration lending credit and compliance teams and maintains and updates applicable procedures.

Requirements

Essential Job Functions

Supervises the workflow of assigned Commercial Loan Administrators. Hires and manages staff. Establishes and reviews employee performance expectations and provides formal and informal feedback and coaching to staff as needed. Identifies addresses and resolves employee relations issues.
Assures commercial loan closings occur on time and in compliance with applicable policies and regulations.
Develops and maintains procedures. Guides staff on how to:
Approve all construction-related advances.
Perform quality control and submission of all Commercial Home Mortgage Disclosure Act (HMDA) loans to Loan Application Register (LAR).
Approve Flood Insurance documents for loans falling in a Flood Hazard area.
Approve fee funding sheets.
Monitors and implements process changes required due to changes to compliance and federal regulations.
Creates communicates teaches and assesses all operating policies processes procedures and customer service activity in support of each business area within the Commercial Lending division.
Standardizes applicable loan processes throughout the Commercial Lending division.
Creates automated solutions to efficiently track manage and report on related data that allows for streamlining processes and eliminating redundancies.
Systemizes tasks throughout the department and enhances support for Loan Officers customers and management using automation when possible.
Manages the administration and on-going maintenance of the Banks loan operating and commercial loan documentation systems including workflow document and report change requests.
Work closely with internal and external auditors preparing and presenting documents as requested.
Reconciles general ledger accounts as assigned.
Follows up with loan officers as needed to address items in applicable tracking reports.
Manages attorney list within the Commercial Lending division including required vendor management due diligence and gathering documents for approval.
Collaborates with the Commercial Loan Servicing team to ensure core data and documents are consistent based on business strategy and regulatory compliance.
Actively stays current on all Bank products services procedures policies and applicable regulatory and compliance requirements by regularly attending team meetings completing mandatory training on schedule and applying knowledge to ensure accuracy and compliance in daily operations.
Ensures adherence to federal and state laws regulations and bank policies by preventing violations minimizing risks and safeguarding the Banks interests.
Verifies transactions and account balances ensuring compliance with bank policies and state and federal regulations and the Bank Secrecy Act (BSA) as applicable to the role

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 .

Required Experience:

Manager

Full-timeDescriptionRiver Run is a shared services organization that supports banking affiliates Newburyport Bank Pentucket Bank and Rollstone Bank & Trust.Job SummaryThis position manages commercial loan administration workflow and staff oversight across the full loan lifecycle including originatio...