POSITION DESCRIPTION
Position Title: Loan Administration Manager
Summary: Loan Operations/Administration Manager will manage the daily activities and operations of consumer & commercial loan servicing and loan administration.
Specific Responsibilities Administration:
Attend Pipeline meetings to prepare for upcoming workflow
Monitor pending maturities list for timely processing of renewals
Documentation review – post closing
Update staff on federal regulations that may affect all types of lending
Assist with OREO and Repossessed items that may require closing of a new loan
Verify Booking on the system of record
Specific Responsibilities Operations:
Documentation review – pre closing (prepared in house)
Oversee the loan processing, loan monitoring & loan servicing functions
Audit for regulatory compliance
Audit and reconcile input data both maintenance and booking
Review payment reports for anti-money laundering
Review scanning and keep the process flowing from booking~verification~scanning~review
Work with the Accounting Department to reconcile General Ledger and
Pass Through Accounts
General Responsibilities:
Monitor the interaction between Credit, Loan Operations and Loan
Administration for timeliness of process
Prepare and transmit reports to management
Participates in the formulation of work procedures, policies and methods to ensure compliance with legal, regulatory and/or business policies.
Manages projects that impact functional area/specific departments. Oversees quality control process.
Train or arrange training for systems, documentation and process
Schedule daily workflows
Ensure quality customer service both internally and externally
Monitor teams and be proactive if issues arise
Perform annual reviews and give interim feedback if necessary
Attend PRMC and SAMC and take minutes
Transmit new information to team via weekly meetings
Education or Experience Preferred:
Minimum of Bachelor’s Degree or high school diploma/equivalent and banking experience.
10 years experience in loan servicing/loan administration in a commercial bank environment and 5 years management/supervisory experience.
Must have strong working knowledge of commercial and consumer loan underwriting disciplines, policies, procedures and regulations.
Must possess skill set in managing team members in the administration and servicing of commercial loans.
Must possess leadership capabilities and ability to motivate team members to achieve high levels of performance and results.
Ability to operate with limited supervision.
Requires proficient understanding of collateral perfection requirements for commercial and consumer loans.
Prior experience required in managing paid loan functions and collateral release procedures.
Excellent verbal and writing skills
Expertise in loan documentation for the following loan types: o Commercial real estate o Construction o Commercial loans o Consumer loans o Residential mortgages
Functional knowledge of loan compliance regulations