Senior Lending Specialist at Valley Bank

Paramus, New Jersey, United States -

Full Time

Start Date

Immediate

Expiry Date

06 Oct, 26

Salary

0.0

Posted On

08 Jul, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Interpersonal Skills, Verbal Communication, Written Communication, Policy Enforcement, Microsoft Office, nCino, Customer Service, Organizational Skills, Data Input, Time Management, Loan Processing, Deal Flow Management

Industry

Banking

Description

Responsibilities include, but are not limited to: * Assist Team Lead by training and mentoring new or junior Lending Specialists to ensure consistency with workflow and processes. * Act as the liaison and primary point of contact with internal and external customers / stakeholders from approval to deal closing, as well as being point of contact for questions, requests, and inquiries during life of loan monitoring/servicing. * Manage deal flow pipeline with Relationship Managers and lead the interaction with internal downstream stakeholders to ensure timely closings. * Coordinate and review closing documentation (with counsel or internal doc prep) and information with relevant stakeholders for due diligence, application processing, insurance, operational feasibility, optimal execution mechanics, and regulatory requirements. * Assist with the execution and process flow of the transaction, including escalation of issues and designing solutions that ensure risks are covered through adequate controls and protections. Order items necessary to completion of files and prepare supplemental documentation when required. * Partner with relevant operations teams (closing and servicing departments) to ensure proper booking, accrual reconciliations, and daily cash positions. * Ensure initial loan funding (if there is a draw at close) and ongoing life of loan activity (payments, draws, payoffs, etc.) are properly processed and booked with downstream stakeholders. * Carefully review loan documents for closing to ensure accuracy; close loans when necessary Communicate with Lenders any issues that arise prior to closing. Qualifications Required Skills: * Excellent Interpersonal skills as well as verbal and written communication skills. * Confident in ability to enforce policies, procedures and processes when/if challenged. * Strong PC skills using Microsoft office applications as well as Bank's core system and nCino software. * Highly proficient in all areas of customer service, organizational skills, data input, time management and handling multiple tasks simultaneously within a high volume, strict deadline work environment. Required Experience: * High School diploma or equivalent and a minimum of 5 years Lending Assistant or Loan Processor and Supervisory experience. Preferred Experience: * Knowledge of Commercial Real Estate, C&I, or Specialized loan documentation.

Responsibilities

The Senior Lending Specialist manages the deal flow pipeline and coordinates closing documentation between internal and external stakeholders. They are also responsible for mentoring junior staff and ensuring accurate loan booking and servicing throughout the life of the loan.