Commercial Loan Servicing Specialist

Needham Bank • Needham, MA • 3d ago

Job Descriptions:

Under the supervision of the Commercial Team Leader, the Commercial Loan Servicing Specialist will be primarily responsibility for onboarding new loans into the Bank's Core Processing System, in addition to a variety of administrative tasks in support of the Commercial and Industrial Lending teams. This position requires attention to detail, excellent verbal and written communication, and the ability to prioritize multiple tasks and duties.

ESSENTIAL DUTIES & RESPONSIBILITIES

Fund and on-board newly originated loans in the Bank's Core Processing System

Process loan modifications

Monitor and process loan conversions in the Core

Perform maintenance on Borrowing Base Lines of Credit

Track auto liens and maintain database

Email quarterly SWAP Valuation reports to borrowers

Reconcile SWAP billing notices and remit payments to the counterparty

Prepare and process partial releases

Act as backup for GL reconciliations

Monitor and track exception documents to ensure perfected lien position

Act as backup for SBA 1502 reporting and reconciliation

Process advances, paydowns, payments and other common loan transactions in the Core

Process investor and participation loan payments

Address and resolve customer inquiries in a courteous, accurate and expeditious manner

Perform additional duties as requested, needed or assigned

Required Experience:

JOB REQUIREMENTS

Ability to communicate with customers, attorneys and staff in a clear and professional manner

Ability to embrace and adapt to departmental and global changes

Ability to work in a fast pace environment with strong attention to detail and accuracy

Proficient in Microsoft Office

Ability to adhere to Needham Bank's Core Values (Quick-Decision-Making, Reliability, Relationship-Based Focus and Quality Service)

EDUCATION & EXPERIENCE

High School Diploma. Bachelor's degree preferred

Strong working knowledge of Microsoft Office Suite

3-5+ years of working in a loan servicing post-close environment

Familiarity with the following loan products a plus: SWAP, Participation/Syndicate, Borrowing Base Lines of Credit, Letters of Credit, and SBA loans

WORKING CONDITIONS/PHYSICAL DEMANDS

Normal business office environment

Hybrid schedule opportunity after training is complete

Needham Bank offers a competitive salary and an amazing benefit package for a full-time employee which includes fully paid medical and dental insurance, HRA, 401(k) plan with an 8% bank match, paid time off (PTO), paid holidays, a bonus program, flexible spending accounts, vision service plan, group term life insurance, short and long term disability insurance, tuition reimbursement, and an Employee Assistance Program. We offer a great benefit package to our eligible part-time employees as well.

At NB, we are dedicated to building a diverse, inclusive and authentic workplace - if you are excited about this role, but your past experience doesn't align perfectly with every qualification in the job description, we still encourage you to apply. You may be just the right candidate for this or other roles.

Needham Bank is an Equal Opportunity/Affirmative Action Employer. Needham Bank will provide all applicants for employment and all employees with equal opportunity for employment and promotion regardless of race, color, religion, gender, national origin or ancestry, age, disability, veteran status, military service, sexual orientation, genetic information, or gender identity.

Keyword: Loan Operations

From: Needham Bank

Similar Jobs

Night Audit Manager

The Colonnade Hotel • Boston, MA • 6h ago

Finance & Accounting

The Night Manager manages the overnight operation of the hotel; ensuring all daily reports are generated and reviewed, as well as batching all credit card transactions. This position is responsible for operational decisi...

6h ago

Go to Apply

Senior Finance Analyst

Lumen • Boston, MA • 6h ago

Finance & Accounting

About Lumen Lumen connects the world. We are igniting business growth by connecting people, data and applications - quickly, securely, and effortlessly. Together, we are building a culture and company from the people up...

6h ago

Go to Apply

Finance Operations, Manager

PwC • Boston, MA • 6h ago

Finance & Accounting

Specialty/Competency: Finance Industry/Sector: Not Applicable Time Type: Full time Travel Requirements: Up to 80% A career in our Financial Operations practice, within Finance Consulting services, will provide the opport...

6h ago

Go to Apply

Finance Operations, Senior Associate

PwC • Boston, MA • 6h ago

Finance & Accounting

Specialty/Competency: Finance Industry/Sector: Not Applicable Time Type: Full time Travel Requirements: Up to 60% A career in our Financial Operations practice, within Finance Consulting services, will provide the opport...

6h ago

Go to Apply

Tax Senior - Private Wealth

Deloitte • Boston, MA • 6h ago

Finance & Accounting

Are you a leader and strategic thinker with extensive first-hand knowledge across multiple areas of taxation? Do you excel at delivering compliance and consulting services to individual clients and their trusts, estates,...

6h ago

Go to Apply

Finance Operations, Manager

PwC • Boston, MA • 6h ago

Finance & Accounting

6h ago

Go to Apply

Sr. Accountant

Robert Half • Bedford, MA • 23h ago

Finance & Accounting

Description We are looking for an experienced Sr. Accountant to join our team in Bedford, Massachusetts, on a long-term contract basis. This role offers a dynamic opportunity to apply your accounting expertise in a colla...

23h ago

Go to Apply

Accounting/Finance Intern

Ameresco • Framingham, MA • 1d ago

Finance & Accounting

Ameresco, Inc. (NYSE:AMRC) is a leading energy solutions provider dedicated to helping customers reduce costs, enhance resilience, and decarbonize to net zero in the global energy transition. We are a trusted, full-servi...

1d ago

Go to Apply

Communications (Operations & Finance), Supervising Associate

EY • Boston, MA • 1d ago

Finance & Accounting

Location: Atlanta, Boston, Philadelphia, Miami, Hoboken, Charlotte At EY, we're all in to shape your future with confidence. We'll help you succeed in a globally connected powerhouse of diverse teams and take your career...

1d ago

Go to Apply

Communications (Operations & Finance), Assistant Director

EY • Boston, MA • 1d ago

Finance & Accounting

1d 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.