Company: City National Bank
Location: New York, NY
Career Level: Associate
Industries: Banking, Insurance, Financial Services
Description
LOAN ADMINISTRATOR II WHAT IS THE OPPORTUNITY? Provides loan documentation support to Commercial Banking Relationship Managers and Credit Officers in facilitating loan preparation and documentation activities. Serves as a liaison with lending team, City Loan Center (CLC), and legal to ensure all loans are documented to fully protect the Bank's interests in the credit relationship. What you will do
- Loan Documentation ManagementInitiates and prepares loan documentation request packages including completion of Loan Documentation Checklist and verification of approval authority for submit to the CLC. Coordinates with Real Estate Documentation Income Property Group and Asset Based Lending departments, as applicable, to ensure loan documentation request package is complete. Follows up with CLC to resolve documentation discrepancies or to obtain missing documents. Audits all loan documents (after execution by borrower) to verify that the documents have been returned, signed, dated, and initiated properly. Ensures that any missing or altered documents are listed on the waiver report, and that proper approval for boarding with deficiencies has been obtained. Follows up on missing documents. Obtains necessary waivers before boarding a loan with exceptions.Obtains insurance documentation for new loans when required. Ensures that insurance coverage complies with established Bank standards. Provides on going support for compliance with all applicable laws, regulations and administrative duties Tracks, monitors, and maintains over margin accounts to ensure Bank collateral is secured and proper holds are placed.Performs loan closure process.
- File ManagementSets up and ensures that all shadow legal files are kept current and in accordance with filing standards and naming convention. Duties may include file room maintenance (e.g., archiving, filing, updating, File Tracker, etc.).
- Customer ServiceEnsures requests for loan servicing/maintenance are processed in a timely manner (e.g., pay downs, advances, etc.).Tracks and processes Libor renewals and rollovers.Handles customer and CNB colleague (RM, Credit Officer, Manager, etc) requests for loan requests.
Must-Have*
- H.S. Diploma
- Minimum 2 years' experience in loan servicing or loan documentation with a financial services organization required
- Minimum 1 year experience with financial software systems required
*To be considered for this position you must meet at least these basic qualifications
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job. Benefits and Perks At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues. Get an inside look at our Benefits and Perks. INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank is an equal opportunity employer committed to diversity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.' ABOUT CITY NATIONAL We start with a basic premise: Business is personal. Since day one we've always gone further than the competition to help our clients, colleagues and community flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to drive phenomenal growth today. City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies.
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