Amalgamated Bank seeks a highly motivated professional to manage the end-to-end, Loan servicing processes with a strong focus on new loans booking, while ensuring compliance with Bank’s policies, procedures, and Loan Servicing requirements. Verify accuracy of monetary transactions and perform loan-related maintenance including but not limited to, checking data integrity of MIS reports, and performing quality control on the loan system. Perform month end loan reconciliations as required. Assist with audit requests interna an external. Monitor the Oversight of loans that are subserviced. By joining our team, you’ll be joining a Bank that believes that maintaining a diverse and inclusive workplace where everyone feels valued and respected is essential for us to grow as a company. We are dedicated to building a more equitable world in our everyday practices by embracing the values of our employees and customers Essential Job Functions:
Oversee booking of all loan types including but not limited to all Participation Loans, CRE Mortgages, Letters of Credit, Lines of Credit, Term Loan, etc.
Disburse funds in accordance with loan documentation and bank policy.
Facilitate the loan payoff process
Review and approve monetary posting transactions
Drive internal/external and 3rd party client issue resolution
Guide team performance through periodic staff meeting, 1:1 and small group coaching as needed
Serve as the lending operational subject matter expert on strategic business projects
Review loan information required to establish effective loan and disbursement controls (systemic and procedural) to mitigate risk
Identify opportunities for continuance process and improvement both internal and external operations
Proactively engage with attorneys, agents, 3rd party vendors and sponsors to ensure operational processes and timelines are met or exceeded
Lead UAT testing, system reviews and process analysis Including test plan development, resource coordination, and reporting of results output
Verify team financial calculations and output including but not limited to pre-closing calculations, escrow analysis, payoff etc.
Validate oversight reviews of loans subserviced by 3rd party vendors and work with compliance to determine if regulations are followed.
Reconcile General Ledgers monthly pertaining to loan activity (Principal Balance, Good Faith, Borrower’s Loan Cost, Accounts Payable and Accounts Receivable, etc.).
Serve as backup support to Department Manager, including any required administrative duties.
Knowledge, Skills and Experience Required:
BA degree or equivalent experience.
At least eight (8) years of Loan Servicing experience is required.
Knowledge of accounting is required.
Preferred knowledge of FIS Horizon Core System
Proficiency using Microsoft Excel, Word, PowerPoint, and Access Database.
Strong leadership and interpersonal skills.
Ability to solve complex analytical issues.
Excellent written and verbal communication skills.
Knowledge of applicable regulations and best practices.
Our job titles may span more than one career level. The starting base salary for this role is between $100,000 – $110,000. The actual base pay is dependent upon many factors, such as: training, transferrable skills, work experience, business needs and market demands. The base pay range is subject to change and may be modified in the future.
Amalgamated Bank is an Equal Opportunity and Affirmative Action Employer, Minorities / Females / Individuals with Disability / Veterans. (https://www.eeoc.gov/sites/default/files/migratedfiles/employers/posterscreenreaderoptimized.pdf) AmeriCorps, Peace Corps and other national service alumni are encouraged to apply. View our Pay Transparency Statement (https://www.amalgamatedbank.com/sites/default/files/pay-transparency.pdf) . Submission of a resume or any information regarding your qualifications does not constitute a promise or offer of employment. At Amalgamated Bank, we consider an applicant to be someone who has interviewed at least once, in person, with the hiring manager. Amalgamated Bank does not sponsor applicants for work visas.