City National Bank · 3 months ago
Loan Administrator Senior
City National Bank is a subsidiary of Royal Bank of Canada, committed to helping clients, colleagues, and communities flourish. They are seeking a Senior Loan Administrator to provide SBA 7A loan documentation support to Relationship Managers and Credit Officers, ensuring accurate loan preparation and documentation activities.
BankingFinanceFinancial Services
Responsibilities
Loan Processing, Closing and Documentation Management
Initiates and prepares loan documentation request packages including completion of Loan Documentation Checklist and verification of approval authority for submit to the loan center. Coordinates with Real Estate Documentation, Income Property Group and Asset Based Lending departments, as applicable, to ensure loan documentation request package is complete. Follows up with the loan center to resolve documentation discrepancies or to obtain missing documents
Audits all loan documents to verify prepared accurately to the Loan Doc Checklist and credit approvals
Prepares lease subordinations, non-disturbance, and estoppel agreements in accordance with Bank requirements and lease agreements
Responsible for verifying all set conditions of funding have been met prior to the release of loan documents to the client for execution
Obtains insurance documentation for new loans when required. Ensures that insurance coverage complies with established Bank standards
Provides ongoing support for compliance with all applicable laws, regulations and administrative duties
Tracks, monitors, and maintains over margin accounts to ensure Bank collateral is secured and proper holds are placed
Performs loan closure process
Requires expertise in SBA 7A and State Loan Guarantee programs
File Management
Sets up and ensures that all shadow legal files are kept current and in accordance with filing standards and naming convention
Duties may include file room maintenance (e.g., archiving, filing, updating, File Tracker, etc.)
Customer Service
Ensures requests for loan servicing/maintenance are processed in a timely manner (e.g., pay downs, advances, etc.)
Responsible for meeting service level agreements for production, quality control, and responsiveness
Handles customer and CNB colleague (RM, Credit Officer, Manager, etc.) requests for loan requests
Qualification
Required
Bachelor's Degree or equivalent work experience
Minimum 4 years of documentation or loan servicing experience
Minimum 4 years' experience with the SBA 7A commercial loan closing process
Minimum 4 years of basic computer experience(e.g. Microsoft Word, Excel, Outlook) required
Preferred
Knowledge of general banking operations sufficient to understand the loan function and knowledge of Federal and State loan documentation Regulation-S
Limited day-to-day supervision
No instructions needed for routine work, and general instructions given for new lines of work
Excellent verbal and written communication skills
Good analytical skills and the ability to pay close attention to detail
Benefits
Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
Generous 401(k) company matching contribution
Career Development through Tuition Reimbursement and other internal upskilling and training resources
Valued Time Away benefits including vacation, sick and volunteer time
Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
Career Mobility support from a dedicated recruitment team
Colleague Resource Groups to support networking and community engagement
Company
City National Bank
City National Bank offers a full complement of banking, trust and investment services. It is a sub-organization of City National.
H1B Sponsorship
City National Bank has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (76)
2024 (78)
2023 (145)
2022 (93)
2021 (107)
2020 (62)
Funding
Current Stage
Public CompanyTotal Funding
unknown1978-01-13IPO
Leadership Team
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