Commercial Loan Administrator
- Cambridge, MA, United States
$55,000 to $60,000 USD / year
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Job details
- Pay
- $55,000 to $60,000 USD / year
- Apply by
- Experience
- 1–3 years of banking experience, ideally with exposure to lending or loan documentation.
- Posting language
- English
- Posted
Original job description
I'm partnering with a financial institution seeking a detail-oriented professional to join its commercial lending team! This is a great opportunity for someone with banking experience who enjoys working with loan documentation, coordinating transactions, and supporting the commercial lending process from application through closing.
Key Responsibilities:
- Coordinate commercial loan applications and track outstanding documentation, financials, appraisals, and due diligence items.
- Prepare, review, and maintain commercial loan files to ensure accuracy and completeness.
- Assist with loan closings, renewals, modifications, UCC filings, and construction loan advances.
- Partner with commercial lending officers, attorneys, appraisers, and other stakeholders to facilitate smooth loan transactions.
- Ensure loan documentation complies with credit approval terms and applicable regulatory requirements.
What We're Looking For:
- 1–3 years of banking experience, ideally with exposure to lending or loan documentation.
- A bachelor's degree in Business or a related field, combined with at least one year of banking experience, is also welcome.
- Strong organizational skills, attention to detail, and effective communication abilities.
- Proficiency in Microsoft Word and Excel.
- Familiarity with loan origination systems is a plus.
More about this job
Skills
- Documentation
- Organizational skills
- Attention to detail
- Communication skills
- Microsoft Word
- Microsoft Excel