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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
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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

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