Job Information
Amalgamated Bank Loan Servicing Specialist in New York, New York
Amalgamated Bank seeks a highly motivated professional to manage the end-to-end loan servicing process of Commercial, Industrial, Commercial Real Estate and Small Business loans, while ensuring compliance with Bank’s policies and 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 reporting.
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:
Obtain approval and disburse funds as requested and as per documentation.
Maintain detailed records of actions by assisting in handling all loan payoffs
Perform all monetary postings and General Ledger reconciliation
Review and interpret loan information required to effectively disburse loans
Book loans on system in accordance with documents and Booking Approval Executed Form
Assist with quality control of system input and work with loan officers to resolve discrepancies as required
Review, monitor, and track receipt of documents and collateral
Conduct proactive administrative duties on the Lead Loan and interact directly with attorneys, agents and sponsors
Build successful partnerships with attorneys, internal and external clients, servicers, and Bank Management at all levels
Ability to solve complex analytical issues and clearly communicate resolution of the issues sharing best practices within the team
Support lending and operations related projects and initiatives as assigned
Review and approve daily proof and wires as required
Monitor, track and correct any data deficiencies relative to FHLB collateralized loans.
Perform QC on newly booked loans as needed
Provide Backup support to unit Manager, and perform various administrative duties as directed by Manager.
Knowledge, Skills and Experience Required:
BA degree or equivalent experience.
Five (5) to ten (10) years of Commercial Lending experience is required.
Knowledge of accounting is required.
Proficiency using Microsoft Excel, Word, PowerPoint, and Access Database.
Ability to work with all levels of staff and management as well as outside vendors.
Excellent written and verbal communication skills.
Thorough knowledge of pertinent Policies and Procedures.
Our job titles may span more than one career level. The starting base salary for this role is between $70,000 – $80,000. 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/migrated_files/employers/poster_screen_reader_optimized.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.