East Cambridge Savings Bank?s Commercial Lending Department is actively
recruiting for a Commercial Loan Assistant. Function: Under the
direction of the Vice President - Commercial Loan Operations Manager,
performs a variety of administrative tasks in connection with the
commercial lending function. We are looking for a candidate with: ?1-3
years? experience in a Commercial Lending environment ?Bachelor?s degree
or equivalent through specialized coursework and training ?Must be
detail oriented with strong organizational and verbal communication
skills ?Working knowledge of Microsoft Word and Excel ?Working knowledge
of LoanVantage preferred ?Ability to perform a variety of tasks
simultaneously while adhering to guidelines Essential Job Functions:
?Assembles and verifies accuracy of loan documentation and check
documents for proper vesting, legal descriptions, closing dates and
signatures. ?Maintains new and paid commercial loan files and ensure
that loan files contain documents with proper signatures, dates and
other relevant data. Reports discrepancies to Vice President ?
Commercial Loan Operations Manager. ?Monitors UCC and/or other security
documents on a regular basis. Prepares renewal or termination documents
as necessary. Assists with requesting financial statements from
commercial borrowers on an annual basis. Compiles financial data for
review by Credit Analyst. Follows up on requested
information/documentation to ensure receipt. Prepares BOI presentation
forms for approval of new commercial non-real estate loans. Prepares
disposition correspondence including commitment letters or adverse
action and/or denied documentation, and in-house closings of newly
approved commercial non-real estate loans. Prepares all necessary loan
documents for loan closings, either in-house or by attorney. ?Ensures
that loans are processed in accordance with all the terms and conditions
of the credit approval and all applicable regulatory guidelines.
?Updates the SBA remittance fee due report on all SBA loans on a monthly
basis. Prepares the necessary closing documents for commercial loans.
?Assists Vice President ? Commercial Loan Operations Manager in handling
all documentation related to Commercial real estate. Monitors
application pipeline, and follows up on appraisals, 21E reports, and
financials. Reviews and packages loans for approval by Management.
?Assists Vice President ? Commercial Loan Operations Manager by
responding to inquiries from customers, attorneys and other Bank
personnel as needed to resolve problems. Acts as liaison with attorneys
prior to and during closings to ensure accurate and consistent
documentation. ?Documents all loan underwriting and processing
activities related to Commercial loans on a daily basis. ?Ensures proper
due diligence and CIP/ CDD Beneficial Ownership requirements are met
prior to closing the loan, working with the Commercial Lending Officers
as needed. ?Prepares and follows construction advances and closed loans.
Coordinates a draw request for Construction Loans between customers and
outside construction consultants and payouts. ?Responsible for
maintaining all documentation for Participation Loans serviced by ECSB
or others. ?Leads a variety of customer service activities as it
pertains to commercial customers, including responding to requests,
researching discrepancies and resolving issues. Contacts attorneys,
appraisers, insurance companies and other applicable parties for
miscellaneous information and documentation. Contact our Human Resources
Division or visit https://www.ecsb.com/about-us/careers for more details
and to apply. Or submit your resume to: Email: recruit@ecsb.com Fax:
617-252-6877 Phone: 617-354-7700 East Cambridge Savings Bank, Attn:
Human Resources 344 Cambridge Street Cambridge, MA 02141 East Cambridge
Savings Bank is an Equal Opportunity Employer/Veterans/Disabled