KBW Financial Staffing & Recruiting · 8 hours ago
Commercial Loan Servicing Specialist
Waltham, MA
Full-time
Hybrid
Entry, Mid Level
$33/hr - $38/hr
2+ years expKBW Financial Staffing & Recruiting is seeking a Commercial Loan Servicing Specialist to join their team. The role involves the timely and accurate boarding and maintenance of commercial loans, processing SWAP payments, and preparing various reports while ensuring adherence to bank policies.
CrowdfundingFinancial ServicesHuman Resources
Responsibilities
Responsible for timely and accurate boarding and maintenance of all new and existing Commercial loans in the Bank’s core, while adhering to Bank policy and the terms and conditions set forth in the Loan Approval
Performs accurate processing of monthly SWAP payments. Ensures all SWAP remittances are compared to the amortization schedule, and that wires are sent to the appropriate counterparty
Prepare and distribute various reports to colleagues and management, including the New Loan Production Report, Past Due Report, Maturity Report, and Note Listing
Work closely with the Commercial Loan Administration team and Commercial Loan Officer to ensure loans are reflected accurately on the core
Reconcile and prepare various general ledger accounts and perform research when necessary
Prepare and circulate payoff documentation, including collateral release forms, Mortgage Discharges, and Partial Releases
Monitor and work daily exception reports, such as unapplied transactions, auto payment rejects, and tickler reports
Assist in the management of the Bank’s participation portfolio, including funding, tracking of payments received, sending remittances, and responding to questions of partner banks
Qualification
Preferred
Bachelor's degree in accounting, finance, or business management
Two to four years of banking experience
Company
KBW Financial Staffing & Recruiting
KBW Financial Staffing & Recruiting is a staffing and recruiting company providing accounting and financial placement services. It is a sub-organization of BANKW Staffing.
11-50 employees
Funding
Current Stage
Early StageLeadership Team
Jason Alexander
Chief Revenue Officer (CRO)
Matt Nagler
Managing Partner
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