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MountainOne · 1 day ago

Executive Commercial Lending Assistant

Rockland, MA

Full-time

Onsite

Mid, Senior Level

$85K/yr - $105K/yr

5+ years exp

MountainOne is seeking an Executive Commercial Lending Assistant to provide administrative support to the Senior Commercial Risk Officer and oversee the Commercial Lending Assistants. The role involves managing the Commercial Loan Portfolio and ensuring customer service support to existing and potential customers.

BankingFinancial ServicesVenture Capital

Responsibilities

Provides administrative support to the Senior Commercial Risk Officer and Relationship Managers including:

Primary internal and external contact in Senior Commercial Risk Officer absence

Preparation of monthly and quarterly portfolio reports for various meetings

Collecting Relationship Managers comments and action plans in preparation of monthly delinquency meetings

Preparation of the Approved Not Yet Closed and Monthly Pipeline Report for submission to Accounting

Monitor and track status of Commercial Loan Policy exceptions to ensure accurate monthly reporting to the Board of Directors

Assist Credit Administration and Relationship Managers with tracking and monitoring collection of financial statements including borrowing bases

Assembly of monthly board packages for Board of Directors Meetings

Oversees and monitors pre-closing activities relative to appraisals, environmental assessments and flood zone determinations to ensure complete required documentation is obtained for review

Co-ordinates loan closing process including documentation preparation for loans closed in-house

Completes a comprehensive review of documentation packages received for loans closed by outside counsel

Preparation and maintenance of documentation checklists; interacts with Attorneys to address issues and ensure timely closing; reviews closing packages for completeness; follows up on missing items

Oversee the Commercial Construction Loan Portfolio including assisting the Relationship Managers with:

Ensure advance requests are prepared in accordance with loan approval

Ordering and reviewing site inspections

Ordering and reviewing title rundowns

Administrator of the Construction Management System software

Prepare software generated reports as requested

Oversees and monitors post-closing activities relative to review of final executing closing package, policy exception tracking and post-closing conditions and requirements to resolution by Relationship Manager

Perform functions related to the existing loan portfolio including internally prepared loan modification agreements and covenant waivers

Primary contact and facilitator of materials requested for internal and external audits

Prepare reports related to the pledged loan portfolios

Department liaison for all business line communications

Provide excellent customer service and work effectively in a team environment

Research analyze and respond with resolutions and/or recommendations to existing Commercial Lending borrowers

Assumes additional responsibilities as requested