First Bank Chicago · 1 week ago
Commercial Real Estate Administrator
Greater Chicago Area
Full-time
Onsite
Entry, Mid Level
$75K/yr - $80K/yr
2+ years expFirst Bank Chicago is a financial institution seeking a Commercial Real Estate Administrator to support their Commercial Real Estate group. The role involves preparing loan files, coordinating loan closings, and assisting in the management of client relationships.
BankingFinanceFinancial Services
Hiring Manager
Nicole DiVito
Responsibilities
Assist in closing commercial real estate loans
Gather necessary information and assemble loan files
Prepare Loan Operations checklists for new loans, renewals, and modifications
Order and review title insurance, flood certification, credit reports and other third-party reports and alert account officers to any issues or concerns identified prior to final approval by the account officer
Follow up with Loan Operations and/or account officers on outstanding items
Work with Loan Operations, account officers and attorneys to generate and review loan documents and coordinate loan closings
Review Loan Operations line tickler summary when an originated or renewed loan is booked to determine that all Financial Information Reporting & Monitoring requirements from the approved loan application are correctly reflected
Review loan accounting system reports to identify financial reporting information that is due, or past due
Contact customers to request updated information and notify the account officer of non-response or challenges in obtaining required information
Upon receipt of financial information from customers, save to the shared drive and notify Loan Operations & the CRE Administration Officer of receipt
Review operating account covenants
Prepare Financial Tickler Exception Summary, tracking tickler exceptions over 30 days past due, for review at CRE department meeting
Respond to client inquiries
Work with Loan Operations, Deposit Operations and Treasury Management to meet clients’ banking needs
Obtain information from customers that is required to open new deposit account and coordinate account opening with Treasury Management
Serve as liaison between Treasury Management and CRE customers
Complete compliance-related documentation including beneficial ownership and customer identification program
Attend department meetings
Attend training as required
Participate in CRA activities
Complete commercial loan projects as assigned by the Senior Vice President of CRE
Other duties as assigned
Qualification
Required
Strong verbal and written skills
Organized and detail orientated
Knowledge of real estate lending, loan policy, loan documentation and regulatory requirements
Proficiency in Microsoft Office applications, including Excel, Outlook, and Word
Ability to interact with clients in a professional and diplomatic manner
Ability to collaborate with loan officers, Loan Operations, Credit and Treasury Management to accomplish goals
Ability to multi-task while meeting deadlines
Associate's or bachelor's degree in Finance, Accounting or equivalent related experience
2 - 3 years of experience in loan documentation or loan operations
Preferred
Exposure to commercial real estate lending and/or paralegal training desired
Benefits
Medical/dental/vision/life insurance
401(k)
Paid time off (PTO)
Eligibility for an annual bonus
Company
First Bank Chicago
First Bank Chicago provides personal and commercial banking services.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Eric Ephraim
Chief Executive Officer
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