Commercial Loan Administrator at The Atlantic Federal Credit Union

Springfield, New Jersey, United States -

Full Time

Start Date

Immediate

Expiry Date

22 May, 26

Salary

40.0

Posted On

21 Feb, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Loan Documentation Review, Compliance, Loan Booking, UCC Filings, Lien Releases, Credit Policy Adherence, Liaison, Customer Inquiry Response, Portfolio Maintenance, Covenant Monitoring, Financial Statement Review, Entity Documentation Review, Collateral Perfection, BSA/AML Compliance, Quality Control Response, Audit Response

Industry

Banking

Description

Description The Loan Administrator performs a detailed review of executed loan documents to assure accuracy and compliance with established documentation standards, procedures, and policies. They ensure that all loans are booked accurately on the core system and the appropriate tracking ticklers are established. The Loan Administrator follows all established policies and procedures of the Credit Union. Must perform daily duties with an awareness of time management, efficiency and preservations of company assets and resources. Duties/Responsibilities: Coordinate with loan officers, borrowers, attorneys, title companies, and third-party vendors to ensure all required documents are obtained prior to closing. Review commercial loan documentation (notes, guarantees, security agreements, mortgages, UCC filings, assignments, etc.) for accuracy, completeness, and regulatory compliance. Prepare and process UCC filings, continuation statements, mortgage recordings, and lien releases in accordance with state and federal requirements. Ensure loan conditions precedent and subsequent are met and properly documented. Review Loan packages received for processing by reading through the Loan Presentation Summary and other information provided. Ensure all loan files meet internal credit policy, regulatory, and audit standards (OCC/FDIC/state banking rules). Serve as a liaison among lenders, credit, operations, and legal to facilitate smooth loan closings. Provide timely responses to customer inquiries related to loan payoff requests, escrow questions, documents, or recordkeeping. Assist with periodic reporting (pipeline reports, exception reports, collateral reports, and tickler reports). Maintain compliance with BSA/AML requirements related to commercial loan activities, including beneficial ownership documentation. Assist with ongoing portfolio maintenance, including covenant monitoring and exception clearing. Compiling data, gathering information from various resources, and preparing closing documents Responsible for obtaining and reviewing all entity documentation, determining required signatories per the defined entity documents, and ensuring documents are prepared and appropriately executed to be a legally binding document. Liaising between borrowers and underwriting departments. Correspond with title companies to order title reports, coordinate closing and ensure perfection of collateral Financial Statement management Respond to Quality Control and internal audit reviews, ensuring loan files are in compliance with established guidelines and policies. The Atlantic strives to maintain balance between our employees’ personal and professional responsibilities. All full-time employees receive a highly competitive and comprehensive total compensation package including competitive pay, target incentive, medical / dental / prescription coverage, 401(k) plan (with up to 6% match), and generous paid time off. As an The Atlantic employee you are eligible for discounts on our products and services and earn paid time off for volunteering. In addition to these benefits, The Atlantic provides educational and developmental opportunities as well as access to our formal Tuition Assistance Program. Requirements · At least 2+ years of commercial banking experience preferred · Must have High School diploma or equivalent, Associate or Bachelor’s Degree preferred · Experience with commercial loan documentation, loan operations, or commercial credit administration strongly preferred. · Familiarity with commercial collateral, including real estate, equipment, and UCC filings. · Knowledge of business and personal financial statements, tax returns, and credit reports

Responsibilities

The Loan Administrator is responsible for the detailed review of executed commercial loan documents to ensure accuracy and compliance with standards, booking loans correctly on the core system, and coordinating with various parties to obtain necessary documents prior to closing. Duties also include preparing and processing UCC filings, ensuring loan conditions are met, and serving as a liaison between lenders, credit, operations, and legal departments.