Job Information
Peapack-Gladstone Bank Senior Loan Administrator in Bedminster, New Jersey
Description
Responsibilities
Post-close booking and review of Commercial (CRE, C&I, Healthcare) and SBA Loans
Process amendments and extensions for Commercial (CRE, C&I, Healthcare) and SBA Loans
Process all on-going loan servicing activity (Advances, Pay downs, Interest Payments, Rate Changes, Payoffs, Taxes, Insurance, Collateral Tracking and Release, Collections)
Process on-going loan servicing activity for Commercial agented and participated loans and/or loans with associated Swaps. Including actioning agented notices for C&I participated loans
Customer Service (Respond to internal and external inquiries)
Monitor all reconciliation, suspense, and past dues for assigned portfolio
Monitor all quarterly and monthly fees including unused lines fees and letter of credit fees
Prepare SBA Colson Reporting; research Colson related questions
Review team member File Maintenance transaction processing
Prepare departmental proof reconciliations
Coordinate all aspects of the Annual Tax Escrow Analysis Process
Ability to transfer servicing knowledge to other team members
Accountable to service all loans in accordance with all documents, policies, and procedures
Project lead on operations projects and audit requests
Direct Reports: None
Indirect Reports: None
Qualifications:
Required:
Bachelor Degree in Business Related Field required
Minimum 5-7 years working in a Loan Operations Department
Strong understanding and ability to read and interpret Commercial Loan Credit Agreements and Credit Approval Memos.
Experience servicing direct, participated, and syndicated commercial loans.
Critical thinking and analytical skills required to review all transaction processing (file maintenance).
Strong understanding of Loan Operations SOX controls and risk mitigation
Strong communication skills
Strong client interaction skill set
Detail oriented
Superior multi-tasking skills
Experience with basic office programs and equipment including Microsoft Office
Desired:
Knowledge of Jack Henry System Silverlake a plus
Knowledge of Synergy and Synergy Capture a plus
Knowledge of Syntraks a plus
Knowledge of Derivatives Path a plus
Special Position Requirements:
☒Sitting for prolonged periods
☐Driving for prolonged periods
☐Bending/Standing for prolonged periods
☐Walking for prolonged periods
☒Reading small print
☐ Carrying up to List lbs..
☐ Lift up to List lbs.
☐ Push/Pull up to List lbs.
☐ Filing for prolonged periods
☐Telephone for prolonged periods
☒Computer for prolonged periods
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)