Commercial Loan Servicing Administrator

Cambridge, MA 02138

Posted: 11/01/2018 Employment Type: Contract Specialty: Accounting & Finance Job Number: 82399

Our client in Cambridge, MA is seeking a Commercial Loan Servicing Administrator to join their team. Under the direct supervision of the Ops Officer/Commercial Loan Servicing Manager, you will be responsible for processing payments, advances, GL processing, participation remittances and daily settlement of department transactions. You will also be responsible for the daily reconciliation of payment in process and loan in process general ledgers. Apply today!

Responsibilities for the Commercial Loan Servicing Administrator:
  • Maintain loan documentation and files
  • Monitor DocStar document imaging system
  • Process and input borrower base information for asset-based loans to ensure proper calculation of availability
  • Satisfy incoming service requests and perform file maintenance 
  • Input daily and weekly indices into DNA for variable rate loan changes
  • Run, review and distribute various daily, weekly and monthly TREEV and Data Warehouse reports
  • Communicate directly with customers orally and in writing in responding to customer needs and inquires
  • Resolve complex billing questions, i.e. tax escrow analysis, etc.
  • Track legal file used by officer, internal/ external auditors
  • Assist branch personnel and Commercial Loan Administration and Call Center with Commercial Loan inquiries
  • Contribute to the effective team management of all bank problems, issues, and opportunities
Requirements for the Commercial Loan Servicing Administrator:
  • High School Diploma
  • 3-5 years’ banking experience, teller experience a plus
  • Strong computer skills to include Microsoft Office
  • Excellent communication, customer service and interpersonal skills
  • Ability to multitask and work with minimal supervision
  • Self-starter with strong organizational skills
  • Must be eligible to work in the U.S. without sponsorship                     

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