Resort Finance Loan Administrator

Middletown, CT 06457, USA Req #1557

Thursday, June 20, 2024

At Liberty, we are proud to integrate our Diversity, Equity and Inclusion (DE&I) throughout all functions and areas of the Bank in order to maximize our impact and exceed goals. We believe that deepening our DE&I strategies in the workplace and communities we serve, creates a much better place to work for our teammates and a safe place where our customers are connected and supported. We take pride in promoting through initiatives and investment a socially responsible and sustainable future.

SUMMARY OF THE JOB:

Reporting to the Team Leader the incumbent is responsible for providing loan servicing functions for the Commercial Loan Servicing, Resort Finance Division.

Essential Functions:

• Reporting to the Team Leader, the incumbent is responsible for supporting loan officers and portfolio managers which includes:

• Performs New Loan boarding and loan modifications to the core system after thorough review of all new loan documents

• Prepares monthly reports specific to Resort Finance and bank wide board reports as needed in a prompt and accurate manor.

• Prepares payment and general ledger Offset memos for T & E, Legal Bills, UCC and Flood Determinations specific to Resort Finance and bank wide board reports as needed in a prompt and accurate manor.

• Processing payments, advances, interest calculations, participation transactions, construction payments and advances following the Bank’s policies and procedures including, but not limited to, Restricted Servicing Transaction policy.

• Maintains accurate records of all payments, advances and file maintenance transactions following the Bank’s policies and procedures including, but not limited to, the Bank’s Record Retention policy.

• Sets up and maintains new credit and servicing files following the Bank’s Policies and Procedures, including Set up & boarding folder, advances, payments, Insurance tracking, cash reconciliation, and trend reports for applicable portfolios.

• Supports other groups as needed by processing loan payments, advances.

• Performs administrative tasks including payoff letters, mortgage releases, billing, filing, general ledger and deposit account reconciliations, Debt confirmations.

• Processes Teller work for payments, advances, interest accrual adjustments, etc.

• Upholds an excellent, collaborative relationship and communications with Borrower’s contacts, Servicing companies, Resort Finance Broker, Insurance Broker, Participating and Lead Banks / Financial Institutions.

• The incumbent is expected to consistently exhibit the bank’s core values which include having a passion for customer service; building collaborative relationships with trust and integrity; treating everyone with dignity and respect; and taking pride in one’s work.

  SECONDARY FUNCTIONS:

• Provides backup teller support when necessary.

• Assists with the records retention of closed loans and documents when necessary.

• Cross training within the Commercial Loan Servicing business lines and their functions

• Assists with any other special project assigned to be completed by established deadlines.

  Minimum REQUIREMENTS:

• 2 plus years of prior loan servicing and/or equivalent professional experience preferred

• Strong oral, written, and interpersonal communication.

• Ability to quickly and accurately identify and file various types of loan documents (Loan approvals, Loan Notes, Loan Agreements, OFAC, UCC’s, Insurance, etc.).

• Strong organizational and administrative skills; proficient in MS Office applications (Word, Excel, Outlook, PDF).

• Proven ability to prioritize work, meet deadlines, work independently and exercise independent judgment when appropriate, while maintaining a high level of attention to detail.

• Strong working knowledge of Insight or proven ability to learn complex transactional systems.

  PHYSICAL REQUIREMENTS:

• General Office Equipment

• Keyboard Dexterity

• Prolonged Sitting

  COMPLIANCE

  Acts affirmatively in all activities under his/her control in conformance with the Bank’s Affirmative Action, Equal Employment Opportunity, and Fair Lending Programs to achieve the Bank’s goals and objectives. The bank shall provide equal employment opportunity to all qualified persons, and continue to recruit, hire, train and evaluate persons in all jobs without regard to race, color, religion, sex, national origin or veteran status.

  Liberty Bank is an Equal Opportunity employer. It is the policy of Liberty Bank to provide equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran or disabled status, or genetic information.

Other details

• Job Function Staff

• Pay Type Hourly

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• Middletown, CT 06457, USA