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Job Title:
Loan AdministratorLocation:
BiltmoreWhat you'll do:
Phoenix, AZ Loan Administrators are responsible for completing all of the tasks involved with closing and disbursing commercial loans for a variety of loan products offered by the Bank, including Commercial & Industrial, Commercial Real Estate, asset-based lending, small business administration, construction. They serve as liaison with many internal and external parties including the Lending Origination Team (Sales Manager, Portfolio Manager, and Underwriter), Borrower, Inside and Outside Legal Counsel, Internal Documentation and Compliance, Credit Administration, and Loan Servicing.Loan Administrators work with the Lending Origination Team to gather the appropriate documentation and collateral due diligence from the Borrower, verifying documents and researching information to assist in the preparation of closing documents. Works with partners to resolve any issues or obstacles to closing (e.g., liens, judgments, insurance, filings, and exceptions) with appropriate parties. Confirms all loans are closed in compliance with Company procedures and relevant regulations.
What we are looking for:
- Processes commercial loan requests prepared by Lending Origination Team and prepares loan packages for review by Documentation, Compliance, and the Lending Origination Team. Assists Lending Origination Team in the review and renewal of credit facilities. Ensures loan submissions comply with bank policies and procedures, and that completed loan documentation is accurate and properly maintained.
- Books and disburses the loan; ensures all fees are properly and fully collected at closing; Follow up on post-closing exceptions and receipt of original signed documents. Processes loan disbursements requests, wire transfers and payments for commercial credit and closing related vendor services. Responsible for transmittal of loan package to Loan Servicing.
- Monitors tickler files and informs Lending Origination Team when up-to-date financial statements and other covenant items are needed for commercial accounts; ensures credit inquires and UCC filings are researched to determine credit worthiness and appropriate collateral positioning are achieved.
- Works closely with loan and credit officers to ensure lending transactions are documented efficiently and in accordance with credit approvals.
What you need to have:
- Associate degree or equivalent from a college or university and 1-2 years of related experience, or a high school diploma and 5 years or more of related experience, education and/or training, required.
- Beginning to Intermediate knowledge of commercial or commercial real estate lending regulations and closing procedures, required.
- Knowledge of loan types including specialty lending, commercial & industrial, mortgage warehouse, syndication, municipal, gaming, homebuilder finance and borrowing base administration, are a plus.
- Intermediate to strong knowledge of general banking operations, including loan processing and boarding, deposit operations, loan administration, treasury management, and/or other commercial banking products and services.
- Intermediate to strong knowledge of secured lending transactions, and loan documentation process.
- Intermediate computer operational skills, required.
Benefits you'll love:
We offer all the important things you'd want - like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you'll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!
About the company:
Western Alliance Bank is a wholly owned subsidiary of Western Alliance Bancorporation. Alliance Bank of Arizona, Alliance Association Bank, Bank of Nevada, Bridge Bank, First Independent Bank, and Torrey Pines Bank are divisions of Western Alliance Bank; Member FDIC. AmeriHome Mortgage is a Western Alliance Bank company.
Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process.
Western Alliance Bancorporation
Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email recruiter@westernalliancebank.com or call (602) 797-3662.