Loan Boarding Specialist Senior

City National Bank • Phoenix, AZ • 1w ago

LOAN BOARDING SPECIALIST SENIOR

WHAT IS THE OPPORTUNITY?

Reviews all requests for boarding & funding for approval, completeness & accuracy. Boards new and renewed consumer, commercial and mortgage loans. Processes advances, payments & payoffs on various loan products. Maintains Guarantor records on the loan system. Performs all maintenance, calculate and adjust interest and fee accruals. Determines causes of rejected items and process corrections. Balances work and prepare appropriate GL entries to various cost centers as required.

What you will do

Loan Account Set Up and OFAC Reporting and Compliance - Set up all entities, including borrowers, co-borrowers, and guarantors. Additionally, for all parties to the credit, ensure CIS records have been established prior to funding the loan. Recognition of the parties to the loan is determined from the CIS Addendum. Obtain waivers from compliance as needed.

Loan Boarder is responsible to be familiar and understand FASB91 and GAAP accounting guidance related to treatment of fees/costs for new loans. For loans that are renewed, or significantly modified, loan boarder must determine if change is considered significant based upon comparison of cash flows in determining if fees can be taken into income or must be amortized over the life of renewed/modified loan.

Pricing and Repayment Schedules - Loan Boarder is responsible to ensure for the accuracy of the entered pricing (All-in Rate, Margin, and Index, teaser rates, LIBOR pricing options, as applicable) and repayment schedules (Interest only period, repayment terms (Mortgage style amortization. Straight-line amortization, 12-month average amortization schedule, and SWAP related schedules, all of which may be customized for each particular client.

Reporting requirements - Loan Boarders are responsible to enter critical information for reporting purposes gleaned and/or translated from the Credit Approval Document, Loan Documentation Checklist, or other documents which supports governmental, regulatory, and General Ledger/Financial and management reporting

Loan Funding - Fund loan based upon disbursement authorization. Set up future disbursement account in ALDO as applicable. Funding make take the form of an out-going wire, credit to a demand deposit account, issuance of Cashier's Checks or offset to payoff/pay down an existing loan.

Must-Have

Bachelor's Degree or equivalent

Minimum 5 years of loan processing experience in a financial institution required.

Minimum 2 years of basic computer experience(e.g. Microsoft Word, Excel, Outlook) required.

Skills and Knowledge

Comprehend and interpret language within credit agreements -both prepared in-house or by various attorney firms, where terminology and format may differ.

Communicate directly with various bank groups, such as Business lines, and CLC support teams to resolve questions which may arise from the loan boarding process.

Compensation

Starting base salary: $25.93 - $41.43 per hour. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.

*To be considered for this position you must meet at least these basic qualifications

The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.

Benefits and Perks

At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues. Get an inside look at our https://image.emails.cnb.com/lib/fe5e15707c640c78771c/m/10/cbedd856-c2fc-491b-a625-3ab7a0fd9a65.pdf.

ABOUT CITY NATIONAL

City National Bank, a subsidiary of Royal Bank of Canada, is the largest bank headquartered in Los Angeles with $92.03 billion in assets as of April 30, 2024. Founded in 1954, City National provides personalized banking, investment and trust services in select markets including Los Angeles, Orange County, San Diego, the San Francisco Bay Area, New York City, Nashville, Atlanta, Delaware, Las Vegas, Washington D.C. and Miami.* In addition, the company and its investment affiliates manage or administer $96.83 billion in client investment assets. City National is dedicated to strengthening communities, and in 2023 alone, the company made more than $11 million in charitable contributions to nonprofits that support the communities it serves.

*City National Bank does business in Miami and the state of Florida as CN Bank.

For more information about City National, visit https://www.cnb.com/.

EQUAL OPPORTUNITY EMPLOYER & REASONABLE ACCOMMODATION

City National Bank is an equal opportunity employer committed to promoting and maintaining a diverse, equitable and inclusive working environment where differences are valued and encouraged. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by the laws or regulations in the locations where we operate or in our Code of Conduct. https://image.emails.cnb.com/lib/fe5e15707c640c78771c/m/1/159726e0-aeb1-4058-9052-d7a2d69626b8.pdf

If you are a qualified individual with a disability or a disabled veteran, you have the right to request a reasonable accommodation for any part of the employment process. Please contact us via mailto:TalentAcquisition@cnb.com) or leave a message at (213 673-9139. These contact methods are dedicated to applicants whose disability prevents them from successfully applying online. Only messages left for this purpose will be returned. Responses may take up to two business days.

Similar Jobs

Accountant

Robert Half • Phoenix, AZ • 1h ago

Finance & Accounting

Description We are looking for a skilled Accountant with a strong focus on payroll-related tasks to join our finance team in Phoenix, Arizona. This Contract-to-permanent position offers an excellent opportunity to contr...

1h ago

Go to Apply

Staff Accountant

Robert Half • Mesa, AZ • 1h ago

Finance & Accounting

Description We are looking for a detail-oriented Staff Accountant to join a non-profit organization in Mesa, Arizona. This is a Contract-to-permanent position offering an opportunity to make a meaningful impact by manag...

1h ago

Go to Apply

Staff Accountant

Robert Half • Phoenix, AZ • 1h ago

Finance & Accounting

Description We are looking for a dedicated Staff Accountant to join our team in Phoenix, Arizona. This long-term contract position offers the opportunity to work across various departments, including warehouse accountin...

1h ago

Go to Apply

Finance Data Platform Engineer

U.S. Bank • Phoenix, AZ • 6h ago

Finance & Accounting

At U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it t...

6h ago

Go to Apply

Lead Analyst - Credit and Collections

WESCO • Phoenix, AZ • 7h ago

Finance & Accounting

As a Lead Analyst - Credit and Collections working within our construction sector , you will be responsible for the activities and operations in the credit and collections department. This includes overseeing the pro...

7h ago

Go to Apply

Financial Advisor II

Baylor Scott & White Health • Phoenix, AZ • 7h ago

Finance & Accounting

JOB SUMMARY The Financial Analyst II serves as the key financial resource. Provides financial analysis required to support the goals and objectives of Baylor Scott and White (BSWH). SALARY The pay range for this...

7h ago

Go to Apply

Accounts Receivable Representative

Cintas • Phoenix, AZ • 1d ago

Finance & Accounting

Requisition Number: 200014 Job Description Cintas is seeking an Accounts Receivable Representative. Responsibilities include all accounts receivable related functions, including keeping track of assigned accounts t...

1d ago

Go to Apply

Accounts Receivable Representative

Cintas • Phoenix, AZ • 1d ago

Finance & Accounting

Requisition Number: 199981 Job Description Cintas is seeking an Accounts Receivable Representative. Responsibilities include all accounts receivable related functions, including keeping track of assigned accounts t...

1d ago

Go to Apply

Financial Analyst - (Mid-Level)

USAA • Phoenix, AZ • 1d ago

Finance & Accounting

Why USAA? At USAA, our mission is to empower our members to achieve financial security through highly competitive products, exceptional service and trusted advice. We seek to be the #1 choice for the military communit...

1d ago

Go to Apply

Accounting & Finance Intern - 5755_1-4953

Honu Services • Phoenix, AZ • 2d ago

Finance & Accounting

This job was posted by https://www.azjobconnection.gov : For more information, please see: https://www.azjobconnection.gov/jobs/7009162 Job Title: Accounting & Finance Intern -5755 Job Location: Madison, Alaba...

2d ago

Go to Apply

Subscribe to get new jobs sent directly to you
(no charge, cancel anytime)

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.