Loan Administrator I
Company: City National Bank
Location: Beverly Hills
Posted on: November 18, 2022
LOAN ADMINISTRATOR I
WHAT IS THE OPPORTUNITY?
Provide loan documentation support to Team Leads, Relationship
Manager and Credit Officers in facilitating loan preparation,
documentation and loan servicing activities. Serve as a liaison
with sales team, lending team, City Loan Center (CLC), and legal to
ensure all loans are documented to fully protect the Bank's
interests in the credit relationship
Entertainment Banking Division
Make your mark as a member of City National's Entertainment Banking
group. You will help deliver sophisticated financial solutions
through white-glove service to people and organizations in every
facet of the entertainment business. City National has been a
fixture in entertainment banking for more than 60 years, setting
ourselves apart with in-depth expertise and knowledge of the
WHAT WILL YOU DO?
- Loan Documentation ManagementInitiates and prepares loan
documentation request packages including completion of Loan
Documentation Checklist and verification of approval authority for
submission to the appropriate group at CLC. Coordinates with
outside counsel and agent banks, as applicable, to ensure loan
documentation request package is complete. Follows up with CLC to
resolve documentation discrepancies or to obtain missing documents.
Audits all loan documents (after execution by borrower) to verify
that the documents have been returned, signed, dated, and initialed
properly. Ensures that proper approval for boarding with
deficiencies has been obtained. Follows up on missing documents.
Obtains necessary waivers before boarding a loan with
exceptions.Obtains insurance documentation for new loans when
required. Ensures that insurance coverage complies with established
Bank standards. Provides on going support for compliance with all
applicable laws, regulations and administrative duties Tracks and
monitors, collateral to ensure Bank collateral is secured and
proper holds are placed. Review UCC-1s for internally prepared docs
to ensure they match the security agreement. For all other
collateral confirm that all collateral is identified in the loan
system and work with appropriate colleagues to ensure any CNB
accounts have the necessary holds on them. Performs post boarding
review to make sure fees, collateral, rates, guarantors and other
reporting fields are filled in correctly in the system.
- File ManagementSets up and ensures that all credit files are
kept current and in accordance with filing standards and naming
convention. Duties may include file room maintenance (e.g.,
archiving, filing, updating, File Tracker, etc.). Work with the
appropriate staff to make sure all appropriate files (including
correct naming conventions) are saved on the Document Imaging site
and shared drive utilizing the structure we have set up.
- Customer ServiceHandles CNB colleague (RM, Credit Officer,
Manager, outside counsel, agent banks, etc) requests for loan
documentation and/or boarding requests.
- Reports ManagementSet up financial reporting ticklers in
financial monitoring system. Monitor financial reporting past dues.
Work with sales colleagues and underwriters to obtain and verify
that we have the appropriate reporting before updating financial
reporting systemRun financial reporting past due reportMonitor
completion of quarterly internal financial report packages prepared
by underwriters.Run other types of reports on an ad hoc basis when
requested by Credit Manager.
WHAT DO YOU NEED TO SUCCEED
- H.S. Diploma or GED
- Minimum 1 years' experience in loan servicing or loan
documentation with a financial services organization required
- Minimum 1 year experience with financial software systems
Skills and Knowledge
Starting base salary: $22.27 - $33.43 per hour. Exact compensation
may vary based on skills, experience, and location. This job is
eligible for bonus and/or commissions.
*To be considered for this position you must meet at least these
The preceding job description has been designed to indicate the
general nature and level of work performed by employees within this
classification. It is not designed to contain or be interpreted as
a comprehensive inventory of all duties, responsibilities, and
qualifications required of employees assigned to this job.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank is an equal opportunity employer committed to
diversity and inclusion. All qualified applicants will receive
consideration for employment without regard to race, color,
religion, sex, sexual orientation, gender identity, national
origin, disability, veteran status or any other basis protected by
ABOUT CITY NATIONAL
We start with a basic premise: Business is personal. Since day one
we've always gone further than the competition to help our clients,
colleagues and community flourish. City National Bank was founded
in 1954 by entrepreneurs for entrepreneurs and that legacy of
integrity, community and unparalleled client relationships
continues to drive phenomenal growth today. City National is a
subsidiary of Royal Bank of Canada, one of North America's leading
diversified financial services companies.
Equal Opportunity Employer Minorities/Women/Protected
Keywords: City National Bank, Beverly Hills , Loan Administrator I, Other , Beverly Hills, California
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