Commercial Loan Clerk, Sr. jobs in New York
Commercial Loan Clerk, Sr. processes loan payments and applies funds to customer accounts. Calculates and processes payoffs, and releases titles and insurance interest. Being a Commercial Loan Clerk, Sr. calculates and prepares refunds for customers that submit overpayments. Responds to customer inquiries and requests for net payoff quotes. Additionally, Commercial Loan Clerk, Sr. may require an associate degree or equivalent. Typically reports to a supervisor or manager. The Commercial Loan Clerk, Sr. works independently within established procedures associated with the specific job function. Has gained proficiency in multiple competencies relevant to the job. To be a Commercial Loan Clerk, Sr. typically requires 3-5 years of related experience. (Copyright 2024 Salary.com)
Recently Added Commercial Loan Clerk, Sr. jobs
Sr Anlst, Commercial Loan Servicing
- Webster Bank
-
Jericho, NY
FULL_TIME
-
If you’re looking for a meaningful career, you’ll find it here at Webster. Founded in 1935, our focus has always been to put people first--doing whatever we can to help individuals, families, businesses and our colleagues achieve their financial goals. As a leading commercial bank, we remain passionate about serving our clients and supporting our communities. Integrity, Collaboration, Accountability, Agility, Respect, Excellence are Webster’s values, these set us apart as a bank and as an employer.
Come join our team where you can expand your career potential, benefit from our robust development opportunities, and enjoy meaningful work!
The primary responsibility of this role is to book and service the most complex commercial loans. This position requires a comprehensive understanding of loan documents, syndications, complex commercial lines of credit, regulatory requirements, credit policy, collateral, insurance, derivatives, swaps, interest rates, loan servicing, and GAAP loan accounting. The role requires heavy interaction with both internal and external clients, attorneys, credit partners, and audit.
Key Responsibilities- Read and interpret complex loan agreements and credit approval documents to assess regulatory and credit policy compliance.
- Read and interpret complex credit agreements and assess system functionality to book commercial deals in accordance terms outlined in the credit agreement and with GAAP.
- Close, fund, and book loans into LoanIQ or other loan systems as assigned.
- Provide guidance to line of business, RM’s, PM’s and attorneys on deal structuring and certain legal language in the credit agreements.
- Consistently exercise strong judgment around regulatory issues consulting with Compliance and Legal as needed.
- Use comprehensive understanding of commercial loan activity to provide insight around collateral documentation and servicing of complex credits.
- Communicate effectively and timely upward and downward, with outside attorneys, and other financial institutions.
- Monitoring assigned work queues to ensure performance is within service level agreement.
- Follow and maintain internal controls, comprehensive understanding of SOX requirements and key attributes of each loan type.
- Provide knowledge and expertise in development of procedures and job aids for closing, booking and servicing activities.
- Escalate potential client issues to senior manager timely.
- Review and approve peer transactions as requested.
- 4-7 years of experience with commercial loan operations.
- Candidates with degrees (Associates, Bachelor’s) preferred, yet a High School diploma or GED is required. Candidates with some combination of coursework and experience, or else extensive related professional experience, are eligible for consideration.
- High level triage and problem-solving skills.
- Excellent collaborative skills (experience partnering with executives and business professionals across a wide range of disciplines)
- Prior experience working with LoanIQ and other commercial loan systems.
- Experience with Loan Accounting, SOX, and regulatory reporting.
- Must possess excellent verbal, written, and presentation skills
- Proficient in Microsoft Office
- Ability to work both independently and as part of a team
- High degree of maturity and integrity with a positive and hardworking attitude
- Attention to detail
- Strong math skills
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.
- 7 Days Ago
Junior Commercial Loan Originator
- Thorpe Commercial Capital
-
New York, NY
FULL_TIME
- Company DescriptionThorpe Commercial Capital is an independent, privately-owned commercial real estate finance and advisory firm. We provide commercial real estate debt and equity finance to owners an...
- 19 Days Ago
Commercial Loan Officer/Commercial Mortgage Broker
- Thorpe Commercial Capital
-
New York, NY
FULL_TIME
- Company DescriptionThorpe Commercial Capital provides commercial real estate debt and equity finance to owners and investors across all property types nationwide. The best terms for our clients are no...
- Just Posted
Loan Closing Specialist
- Metropolitan Commercial Bank
-
New York, NY
FULL_TIME
- Come work with us: Metropolitan Commercial Bank (the “Bank”) is a New York City based full-service commercial bank that provides a broad range of business, commercial and personal banking products and...
- 19 Days Ago
Commercial Loan Broker - REMOTE!
- RemoteWorker US
-
Great River, NY
FULL_TIME
- Job DescriptionJob DescriptionCOMMERCIAL LOAN BROKERREMOTE SALESAre you looking for a lucrative opportunity to be your own boss? ROK Financial is expanding our team nationwide! We are looking for tale...
- 2 Days Ago
Commercial Loan Servicing Specialist
- Ballston Spa National Bank
-
Ballston Spa, NY
FULL_TIME
- Invest in your future with BSNB! Are you looking to grow your career with an organization that prides itself on growth opportunities and is named one of the Best Places to Work? Ballston Spa National ...
- 3 Days Ago
Commercial Loan Clerk, Sr. jobs at Popular Companies
Commercial Administrative Assistant
- International Bank of Commerce
-
Port Lavaca, TX
- IBC Bank successes are the result of an aggressive and innovative attitude. The Bank's "We Do More" philosophy reflects ...
- 6/10/2024 12:00:00 AM
Commercial Administrative Specialist
- Snider Fleet Solutions
-
North Charleston, SC
- People who want to do a great job want to work for a company that values that dedication. We do. Snider Fleet Solutions ...
- 6/8/2024 12:00:00 AM
Sales Support Representative
- Nucor Harris Rebar
-
Cincinnati, OH
- Nucor is North America's largest recycler and most diversified steel and steel products company. Since 1969, we've led t...
- 6/8/2024 12:00:00 AM
Commercial Administrative Assistant
- City National Bank
-
Charleston, WV
- Equal Opportunity Employer, Including Disability/Vets Summary Description Assists Relationship Managers by managing admi...
- 6/7/2024 12:00:00 AM
Administrative Assistant
- Lakeland Financial Corporation
-
South Bend, IN
- Salary Range: Starting at $18.75+ (pay is reviewed after 90 days) Are you a detail-oriented individual that enjoys organ...
- 6/7/2024 12:00:00 AM
Administrative Assistant - Commercial Real Estate
- Colliers International Group, Inc.
-
Birmingham, MI
- Administrative Assistant, Real Estate, Commercial, Administrative, Estate, Assistant, Property Management
- 6/7/2024 12:00:00 AM
AVP Financial Strategy Consulting - Remote
- Idaho State Job Bank
-
Boise, ID
- AVP Financial Strategy Consulting - Remote at Prime Therapeutics in Boise, Idaho, United States Job Description Our work...
- 6/7/2024 12:00:00 AM
Commercial Assistant
- Network Rail Consulting
-
- About us Network Rail Consulting (NRC) is the international consultancy arm of Network Rail – the owner and operator of ...
- 6/6/2024 12:00:00 AM
About New York
New York is a state in the Northeastern United States. New York was one of the original thirteen colonies that formed the United States.
New York covers 54,555 square miles (141,300 km2) and ranks as the 27th largest state by size.[3] The highest elevation in New York is Mount Marcy in the Adirondacks, at 5,344 feet (1,629 meters) above sea level; while the state's lowest point is at sea level, on the Atlantic Ocean.
In contrast with New York City's urban landscape, the vast majority of the state's geographic area is dominated by meadows, forests, rivers, farms, mountains, and lakes. Most of...
Source: Wikipedia (as of 04/17/2019). Read more from Wikipedia
Income Estimation for Commercial Loan Clerk, Sr. jobs
$50,898 to $68,206
Most Popular Cities in New York for Commercial Loan Clerk, Sr. Jobs
What does a Commercial Loan Clerk, Sr. do?
Commercial Loan Clerk, Sr. in Gainesville, FL
The clerk, for example, handles the paperwork generated by the contract as well as the research process.
February 10, 2020
Commercial Loan Clerk, Sr. in Denver, CO
The increase of businesses consequently means that more banking and commercial loan processing clerks will be needed.
December 13, 2019
Administrative tasks such as the preparation of credit reports are the sole duty of the Banking and Commercial Loan Processing Clerk.
February 22, 2020
Commercial Loan Clerk, Sr. in Champaign, IL
Commercial clerks maintain all records for loans, notices, reports and other financial data.
December 13, 2019