Job Description and Requirements
The Commercial Loan Administration Manager manages the activities and/or operations associated with the processing/pre-closing and post-closing activities of commercial loans such as Commercial Real Estate, Investment, SBA and Construction.
This position reports on site to our main campus - 1 Ikea-RBFCU Pkwy, Live Oak, TX 78233
Essential Functions and Responsibilities:
- Responsible for coaching, developing and supervision of team members, including decisions relative to performance reviews, terminations, hires, discipline, etc. Accomplish management responsibilities which include sourcing and hiring talented team feedback, recognizing and developing team members, identifying and managing risks, and completing daily management tasks.
- Participate in the ongoing improvements of work procedures, policies and methods to ensure compliance with legal, regulatory, and/or business policies which directly affect the department. Ensures compliance with RBFCU business policies and procedures.
- Responsible for Loan Administration operations relating to loan processing, documentation, pre-closing, booking/funding loans, construction draws, post closing, commercial servicing tasks with completeness and accuracy of loan documentation into the system data.
- Serves as support in all areas of Commercial Loan Processing, Pre-Closing Review, Post-Closing, Booking/Funding and Commercial Loan Servicing. Prepare documentation for new Commercial loans, modifications and extensions utilizing LaserPro with particular attention paid to rates, terms, collateral, covenants and guarantees; Coordinate with Attorneys for complex documentation. Review complex entity documents for authority to transact business; determine the appropriate signor on behalf of borrower; Upload/book all closed loans from LaserPro and attorney prepared loan documents to Core System.
- Develops and implements operation, servicing, documentation procedures, methods and Sageworks workflows to ensure consistency and accuracy.
- Serves as liaison between the member and Business Loan Officers to provide quality customer service on loan and deposit related issues. Coordinates and expedites special projects as needed.
- Works with the Portfolio Manager to monitor portfolio risk for delinquencies, maturities and overdrafts and the accuracy of critical data (i.e. risk ratings, non-accruals, pricing, etc.) to ensure timely processing and minimize any negative impact on the member or credit union and the portfolio as a whole.
- Oversees the servicing of SBA and conventional loan portfolios.
- Ensures compliance with Credit Union, legal, regulatory and business policies and procedures; Serves as the processor for more complex loan transactions and reviews complex documentation and loan system accounting records at set-up, initial funding & subsequent loan activity, including advances, pay downs & repricing to ensure compliance and conformity with various policies.
- Create a culture of regulatory compliance within your group and department.
- All other duties as assigned (note: essential functions and responsibilities may change or new ones may be assigned at any time with or without notice).
Requirements:
- Associates Degree or ten years previous job related work experience in lieu of Associates Degree
- Minimum of eight years experience in commercial loan administration, customer service, collections or sales environment
- Have a working knowledge of State and Federal regulations governing commercial loans
- Have a working knowledge of legal documents
- Minimum of three years of team lead or management experience
- Must be able/willing to commute to the work location at: 1 Ikea-RBFCU Pkwy, Live Oak, TX 78233
- Understanding of RBFCU policies and procedures
- Experience with business banking an commercial lending
- Familiarity with basic programs such as Outlook and Microsoft office, and core and LOS platform
- Good verbal and written communication skills
- Strong interpersonal and organization skills are necessary for maintaining effective relationships internally with employees and externally with members and vendors
All qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, religion, national origin, disability, veteran status, or other legally protected status.