Webster Bank

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Sr Commercial Loan Servicer

at Webster Bank

Posted: 8/20/2019
Job Reference #: 5000505830906
Keywords: loan

Job Description

19-1606_Boston Region

100 Franklin Street-MASU2
Boston
Massachusetts

Senior Commercial Loan Servicer

Summary:

The incumbent is responsible for providing dedicated Commercial Loan processing and other banking services to all syndicated/Agency serviced deals. Commercial Loan Servicers work in teams on a shared portfolio with tasks being assigned to each member of the team to service the portfolio. They also

work closely with front office, borrowers, agents, and other Corporate Banking departments.

Senior Commercial Loan Servicers perform completeness check to ensure all executed documents are collected and/or delivered by all parties involved; ensure knowledge of the Syndicated Loan product and business, including an understanding of a Credit Agreement, loan funding mechanics, deal structure, funds flow, etc.

Establish on-going communication with deal teams and bank groups regarding any changes or issues to the Loan Agreement or deal structure

 

Position skill requirements:

  • 5+ years' experience in commercial loan servicing environment, including interactions with multiple systems (ex. ACBS, reporting tools)
  • Foreign currency loan processing experience preferred
  • Strong analytical skills especially related to transaction calculation and account reconciliation
  • Detail oriented
  • Ability to effectively multitask in a fast paced environment
  • Superb time management skills
  • Strong interpersonal skills
  • Ability to challenge the status quo
  • Open to change
  • Ability to influence others
  • Ability to deliver Superior customer service to all clients both internal and external, understanding all aspect of loan processing, ensuring requests are processed accurately within established credit guidelines and departmental procedures
  • Results driven
  • Effective problem solving skills
  • Effective oral and written communication skills
  • Working knowledge of Microsoft Office product suite
  • Prior experience working with business partners to collect and review pre-syndicated loan documents ahead of closing large transaction
  • Daily reconciliation ensuring cash items are matched and to determine what should be reported as past due.
  • Monitors delinquencies and evaluates loan issues. Estimates final financial impact to the Bank.
  • Ensures department policies and procedures are adhered to and data input is accurate.
  • Ability to set priorities, develop a work schedule, monitor progress toward goals and track activities.
  • Self-Starter with ability to work well independently as well as with a Team.
  • Process loan portfolio seamlessly and accurately and anticipates business needs
  • The incumbent is responsible to reconcile/verify Syndicate member distribution lists (excel templates) are accurate with Commercial lending application (ACBS).
  • Work with minimum supervision
  • Working knowledge of Commercial lending applications (ACBS preferred)
  • Strong knowledge of commercial loan documentation
  • Other loan related and miscellaneous tasks (i.e. Break funding, DDA related, FX activity, Manual entries, and etc.).

Education:

  • Bachelor's Degree is required: major in Accounting or Finance is preferred

Other requirements:

  • May train other team members as needed on departmental policies and procedures
  • Receptive to increasing levels of responsibilities and additional process improvement projects at management's request
  • Other responsibilities as assigned

Application Instructions

Please click on the link below to apply for this position. A new window will open and direct you to apply at our corporate careers page. We look forward to hearing from you!