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Cathay Bank · 21 hours ago

Sr. Commercial Loan Servicing Specialist

Rosemead, CA

Full-time

Onsite

Mid, Senior Level

$28.85/hr - $36.06/hr

4+ years exp

Cathay Bank is a financial institution that values its team members and fosters a culture of growth and development. The Sr. Commercial Loan Servicing Specialist will perform all post-closing duties related to the servicing of the Bank’s commercial loan portfolio, ensuring adherence to established policies and procedures.

BankingFinanceFinancial Services

H1B Sponsor Likely

Responsibilities

Monitor the department’s shared email in-boxes and platforms to ensure completion of delegated items

Perform special processing to include SBA 1502 update and reporting, SAD processing to include the following: Charge Offs, OREO Transfers, Accrual Changes, Shadow Payment Processing

Prepare GL Certifications

Serve as secondary reviewer and/or back-up of the following: Pay Off Statements, FTI Balancing and Releases, Daily Index Rate Sheet, Established Control Reports - Prepayment Penalty Report, 85 Day Past Due Report, Non-Accrual Exception Report

Review and update Procedures and Job Aids to Assist management in ensuring loan servicing procedures adhere to bank policy and regulations

Responsible for research, review, and resolution of any Loan Servicing issues

Assist in short-term and long-term projects

Assist the CLS Supervisor in providing direction and guidance to staff in their assigned duties

Assist the CLS Supervisor with training and development of the team

Assist the CLS Supervisor and the Boarding team with complex research, review, and resolution of any Loan issues

Review vendor invoices

Provide general support, assistance, and backup for all servicing functions to include the following: Rate Rollovers and Repricing, Establish new Rate Contract Sub-Notes, Payments, Payoffs, Loan Advances, Pay Off Statement Preparation, System maintenance, Release of Collateral Review, Post Closing/Boarding document and Collateral Review

Qualification

Commercial loan servicingMS Office proficiencyIBS loan systemBilingual EnglishBilingual MandarinProblem-solving skillsOrganizational skills

Required

High school diploma or equivalent

Minimum of 4 years of commercial loan servicing experience required

PC literate

Proficiency with MS Office

Ability to work in a fast-paced environment while maintaining a high level of accuracy

Strong problem-solving and organizational skills

Preferred

Some college courses a plus

Knowledge of IBS loan system a plus

Bilingual (English, Mandarin or Cantonese) is a plus

Benefits

Medical insurance

Dental insurance

Vision insurance

Life insurance

Long-term disability insurance

Flexible spending accounts (FSAs)

Health saving account (HSA) with company contributions

Voluntary coverages

401(k)

Company

Cathay Bank

Glassdoor3.1

Cathay Bank is a financial services company originally founded to support Los Angeles’ growing Chinese American community. It is a sub-organization of Cathay General Bancorp.

Founded in 1962

El Monte, California, USA

1001-5000 employees

https://www.cathaybank.com/

H1B Sponsorship

Cathay 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)

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2020 (1)