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Commercial Loan Servicer

Description

Amalgamated Bank seeks a full time Commercial Loan Servicer to book and fund Commercial and Industrial Loans and Commercial Real Estate Loans. The incumbent will ensure compliance with the Bank’s Policies and Procedures and the Loan Servicing Department’s requirements as well as manage the Syndicated Loan Portfolio and Participated loans. 
This position works Monday through Friday 12 PM to 8 PM and is based in our headquarters in the Chelsea section of New York City. 
Essential Job Functions:


  • Process draw requests for commercial loans. 

  • Calculate the various tax escrows, good faith estimate, per diem interest, amortizations at pre-closing of loan.

  • Perform monetary calculations and reconciliation of loans.

  • Book C&I and CRE loans on the system in accordance with documents.

  • Proactively conduct administrative duties on the lead loan and ability to deal directly with attorneys, agents and sponsors. 

  • Review and approve daily transactions. 

  • Confirm that that the appropriate loan documentation is received prior to booking loans on the loan system.

  • Conduct user acceptance testing for new products and enhancements.

  • Disburse of real estate taxes and insurance.

  • Ability to solve complex analytical requests and communicate to individuals at all levels.

  • Efficiently manage assigned servicing portfolio.

  • Perform other duties as directed.


Knowledge, Skills and Experience Requirements:


  • Bachelor’s degree or equivalent experience

  • 5 to 10 years of loan servicing experience 

  • Knowledge of basic accounting

  • Proficiency using Microsoft Excel, Word, PowerPoint, and Access Database

  • Ability to work with all levels of staff and management as well as outside vendors

  • Excellent written and verbal communication skills

  • Thorough knowledge of pertinent policies and procedures



Amalgamated Bank is an Equal Opportunity and Affirmative Action Employer, Minorities / Females / Individuals with Disability / Veterans


AmeriCorps, Peace Corps and other national service alumni are encouraged to apply.


View our Pay Transparency Statement


Submission of a resume or any information regarding your qualifications does not constitute a promise or offer of employment. At Amalgamated Bank, we consider an applicant to be someone who has interviewed at least once, in person, with the hiring manager. Amalgamated Bank does not sponsor applicants for work visas. 

Requirements

 

Job Snapshot

Location US-NY-New York
Employment Type Full-Time
Pay Type Year
Pay Rate N/A
Store Type Banking, Finance, General Business
Apply

Company Overview

Amalgamated Bank

Our mission is to be the preeminent bank of progressive people, organizations, businesses and labor. We will deliver uncompromising customer attention, provide accessibility to all people and serve as an advocate for workers and the people and organizations that support them. Learn More

Contact Information

US-NY-New York
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Snapshot
Amalgamated Bank
Company:
US-NY-New York
Location:
Full-Time
Employment Type:
Year
Pay Type:
N/A
Pay Rate:
Banking, Finance, General Business
Store Type:

Description

Amalgamated Bank seeks a full time Commercial Loan Servicer to book and fund Commercial and Industrial Loans and Commercial Real Estate Loans. The incumbent will ensure compliance with the Bank’s Policies and Procedures and the Loan Servicing Department’s requirements as well as manage the Syndicated Loan Portfolio and Participated loans. 
This position works Monday through Friday 12 PM to 8 PM and is based in our headquarters in the Chelsea section of New York City. 
Essential Job Functions:


  • Process draw requests for commercial loans. 

  • Calculate the various tax escrows, good faith estimate, per diem interest, amortizations at pre-closing of loan.

  • Perform monetary calculations and reconciliation of loans.

  • Book C&I and CRE loans on the system in accordance with documents.

  • Proactively conduct administrative duties on the lead loan and ability to deal directly with attorneys, agents and sponsors. 

  • Review and approve daily transactions. 

  • Confirm that that the appropriate loan documentation is received prior to booking loans on the loan system.

  • Conduct user acceptance testing for new products and enhancements.

  • Disburse of real estate taxes and insurance.

  • Ability to solve complex analytical requests and communicate to individuals at all levels.

  • Efficiently manage assigned servicing portfolio.

  • Perform other duties as directed.


Knowledge, Skills and Experience Requirements:


  • Bachelor’s degree or equivalent experience

  • 5 to 10 years of loan servicing experience 

  • Knowledge of basic accounting

  • Proficiency using Microsoft Excel, Word, PowerPoint, and Access Database

  • Ability to work with all levels of staff and management as well as outside vendors

  • Excellent written and verbal communication skills

  • Thorough knowledge of pertinent policies and procedures



Amalgamated Bank is an Equal Opportunity and Affirmative Action Employer, Minorities / Females / Individuals with Disability / Veterans


AmeriCorps, Peace Corps and other national service alumni are encouraged to apply.


View our Pay Transparency Statement


Submission of a resume or any information regarding your qualifications does not constitute a promise or offer of employment. At Amalgamated Bank, we consider an applicant to be someone who has interviewed at least once, in person, with the hiring manager. Amalgamated Bank does not sponsor applicants for work visas. 

Requirements

 
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Commercial Loan Servicer Apply now