Commercial Quality Control Specialist

Cambridge, MA 02138 | Contract to Perm

Post Date: 07/20/2018 Job ID: 81580 Specialty: Accounting & Finance

Our client in Cambridge, MA is seeking a Commercial Quality Control Specialist to join their team. In this contract-to-hire role, you will perform post-closing quality control review of all new commercial loan data and documentation including but not limited to CRE, C&I and Small Business loans to ensure compliance and adherence to company’ s guidelines and Federal and State regulations. You will also prepare data quality finding and post closing exception reports for management. Apply today!

Responsibilities for the Commercial Quality Control Specialist:
  • Loan level review of all loan transactions inc ensuring that transactions are properly translated into the core in accordance with source documentation
  • Loan level review of future ticklers including product changes, term outs, rate changes etc. are properly translated in core system in accordance with loan documentation
  • Responsible for performing post-closing quality control review of all Commercial Loan requests
  • Ensure daily review of critical reports such as Non-accrual, Business Rules, System Admin File Maintenance, User Authorization and Critical Loan File Maintenance
  • Responsible for the quality control of indexing, scanning, storage and retrieval of document images with in the Bank’ s imaging system (Nautilus)
  • Responsible for the quality review of daily index rates for all variable rate loans
  • Perform frequent high level data quality and integrity reviews using cView and Data Warehouse reporting tools
  • Prepare Data Quality Findings and Post Closing Exceptions reports for management
  • Maintain and update all FDICIA related controls, tests and documentation; ensuring compliance of the same and making recommendations to the FVP of Loan Servicing
  • Perform annual review of UCC filings through the UCC website and ensure accurate tracking of collateral
  • Perform annual review of Promissory Notes to ensure completeness and accuracy
  • Provide assistance during both internal and external audits including the FDIC, Federal Reserve and State regulators for preparation of materials and information requested by auditors
  • Establish and maintain effective working relationships with the bank’ s vendors, employees and customers
Requirements for the Commercial Quality Control Specialist:
  • College education a plus
  • Minimum 2-3 years’ experience in loan operations or bank operations. Commercial lending experience is a plus
  • Highly proficient in core banking system knowledge
  • Strong understanding of commercial loan documentation including Note, Mortgage, Loan Agreement, Assignment of rents and title policies
  • Thorough understanding of federal and local regulations and laws pertaining to lending
  • Effective understanding of various types of insurance applicable to CRE and C&I loans
  • Excellent analytical and organizational skills
  • Excellent written and oral communication skills
  • Proficient computer skills including the ability to assimilate new software applications
  • Ability to handle confidential information in a professional manner at all times
  • Ability to work independently and meet deadlines in a fast paced environment
  • Must be eligible to work in the U.S. without sponsorship                     

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