Senior Commercial Loan Servicing Associate

If you’re looking for a meaningful career, you’ll find it here at Webster. Founded in 1935, our focus has always been to put people first--doing whatever we can to help individuals, families, businesses and our colleagues achieve their financial goals. As a leading commercial bank, we remain passionate about serving our clients and supporting our communities. Integrity, Collaboration, Accountability, Agility, Respect, Excellence are Webster’s values, these set us apart as a bank and as an employer.  

Come join our team where you can expand your career potential, benefit from our robust development opportunities, and enjoy meaningful work!

Summary:

• Ability to deliver high quality professional service to internal and external customers, understanding all aspect of loan processing, ensuring requests are processed accurately within established credit guidelines and departmental procedures

• Read and understand all commercial loan documents including notes, agreements, and understand how the data is set up on the required loan system. 

• Perform completeness check to ensure system matches executed documents; ensure knowledge of the Commercial lending products and services, including an understanding of a Credit Agreement, loan funding mechanics, deal structure, funds flow, etc.

• Process loan portfolio seamlessly and accurately and anticipates business needs

Key Responsibilities:

In addition to those noted in the summary:

• Handles more complex commercial loan transactions (syndications, etc)

• Monitors delinquencies and evaluates loan issues – resolving as needed.

• Receptive to increasing levels of responsibilities and additional process improvement projects at management's request

• Ensures the timely clearing of cash, Suspense and WIP accounts

• Responsible to reconcile/verify any investor lists (excel templates) are accurate with ACBS.

• Ensures Department policies and procedures are adhered to and data input is accurate.

• Other loan related and miscellaneous tasks (i.e. Break funding, DDA related, Manual entries, manual statements, etc.).

Skills, Experience and Education Requirements:

• Strong analytical skills, detail oriented

• Accounting, financial experience preferred

• Ability to effectively multitask in a fast-paced environment

• Time management and strong interpersonal skills

• Ability to challenge the status quo and open to change

• Effective problem-solving skills as well as oral and written communication skills

• Self-Starter with ability to work well independently as well as with a Team

• Ability to set priorities, develop a work schedule, monitor progress toward goals and track activities.

• Working knowledge of Microsoft Office product suite

• Working Knowledge of Commercial Loan Systems -  ACBS, preferred

• High School Diploma or Equivalent Required, Advanced education preferred

• 2-4 years of prior experience with the tasks above

The estimated salary range for this position is $25.00 to $30.00 USD an hour. Actual salary may vary up or down depending on job-related factors which may include knowledge, skills, experience, and location. In addition, this position is eligible for incentive compensation.

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All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.