At a Glance
- Tasks: Assist with commercial loan documentation and customer service in a dynamic environment.
- Company: Join a reputable bank focused on providing excellent financial services.
- Benefits: Enjoy generous paid time off, medical coverage, and tuition reimbursement.
- Why this job: Kickstart your career in finance with hands-on experience and a supportive team culture.
- Qualifications: No prior experience needed; just bring your problem-solving skills and attention to detail.
- Other info: This is an entry-level position with opportunities for growth and development.
The predicted salary is between 24000 - 30000 £ per year.
The Commercial Loan Administrator provides ongoing customer service and documentation support acting as the Relationship Manager’s liaison on assigned commercial accounts, providing professional and superior service to external and internal customers to ensure data accuracy, avoid losses and reduce undue risk. The Commercial Loan Administrator is responsible for handling basic commercial loans by providing review of transaction structure, determining pertinent information to gather from a variety of sources, coordinating preparation and review of loan documentation, and ensuring bank policy and regulatory compliance.
This is an entry-level position within the Commercial Department under direct supervision of the Commercial Loan Administrator Supervisor that requires no commercial lending experience; however, the candidate must demonstrate good problem-solving skills, customer service and transaction processing experience, and the ability to multi-task, and attention to detail.
Education / Experience: Associates or Bachelor’s degree in Business or Accounting preferred. Experience in Commercial, Credit, Retail, or Banking Operations preferred.
Skills and Abilities: Strong listening and communication skills with the ability to deliver quality customer service to both internal and external customers in a fast-paced, ever-changing environment. Previous experience relating to customer service and transaction processing. Beginner-to-Intermediate competency with Microsoft Office (Word, Excel, Outlook, PowerPoint, Teams).
Tasks Performed:
- Assist Relationship Manager(s) with requests for both new and existing borrowers to the bank to ensure proper documentation is obtained to underwrite, document and book loans.
- Responsible to review loan approval and perform post-approval due diligence to ensure all compliance requirements are met and loan adheres to bank policies and procedures.
- Collaborate with Relationship Manager and Attorney to facilitate loan closing.
- Responsible for ongoing loan maintenance and customer service activities, including direct contact with borrowers, attorneys, accountants, insurance agents and other vendors.
- Perform general administrative duties, such as maintaining electronic loan files, assist with internal/external file audits, maintain and send financial statement request letters.
- Other duties as assigned.
Physical Requirements: Communicate effectively with internal and/or external customers. Stationary 75% of time or greater. Move Objects to Maximum 10 lbs.
Benefits for Full-Time Employees: Generous Paid Time Off: At least 22 days annually, prorated in the year of hire. Parental Leave: Six weeks of paid leave at 100% of your salary. Comprehensive Medical Coverage: Includes employer contributions to HSA for High Deductible Health Plan participants. Dental and Vision Coverage: Ensuring your overall health and well-being. Flexible Spending Accounts: For healthcare and dependent care expenses. Employer-Paid Disability Coverage: Both short-term and long-term, with an option to purchase additional long-term coverage. Life Insurance: Employer-paid basic life insurance, with an option to purchase supplemental coverage. Voluntary Benefits: Including hospital, accident, and critical illness coverage. Retirement Plans: Benefit from a 401(k) plan with employer matching, an optional Roth 401(k), and a pension plan to help secure your future. Adoption Assistance: Supporting your growing family. Tuition Reimbursement: Invest in your education and career growth. Employee Assistance Program (EAP): Access to support and resources. Financial and Banking Services: Various benefits and financial planning assistance.
Benefits for Part-Time Employees Working 20+ Hours/Week: Medical Coverage: Includes employer contributions to HSA for High Deductible Health Plan participants. Generous Parental Leave: Six weeks of paid leave at 100% of your salary.
Benefits for All Part-Time Employees: Retirement Plans: Benefit from a 401(k) plan with employer matching, an optional Roth 401(k), and a pension plan for employees who work at least 1,000 hours in a calendar year, all designed to help secure your future. Paid Sick and Safe Leave: For your health and safety. Employee Assistance Program (EAP): Access to support and resources. Financial and Banking Services: Various benefits and financial planning assistance.
Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or assume sponsorship of an employment Visa at this time.
Commercial Loan Administrator employer: NBT Bank
Contact Detail:
NBT Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commercial Loan Administrator
✨Tip Number 1
Familiarise yourself with the basics of commercial loans and banking operations. Understanding the terminology and processes involved will help you engage in meaningful conversations during interviews and demonstrate your enthusiasm for the role.
✨Tip Number 2
Brush up on your customer service skills. Since this role involves liaising with various stakeholders, showcasing your ability to handle customer inquiries and resolve issues effectively will set you apart from other candidates.
✨Tip Number 3
Get comfortable with Microsoft Office, especially Excel. Being able to navigate spreadsheets and create reports will be crucial in this position, so consider taking a quick online course to boost your skills.
✨Tip Number 4
Network with professionals in the banking and finance sector. Attend industry events or join relevant online groups to connect with people who can provide insights into the role and potentially refer you to opportunities at StudySmarter.
We think you need these skills to ace Commercial Loan Administrator
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in customer service and transaction processing. Emphasise any skills that align with the job description, such as attention to detail and problem-solving abilities.
Craft a Strong Cover Letter: Write a cover letter that specifically addresses the responsibilities of the Commercial Loan Administrator role. Mention your understanding of compliance requirements and your ability to work under supervision, as well as your enthusiasm for the position.
Showcase Relevant Skills: In your application, clearly demonstrate your competency with Microsoft Office tools, especially Excel and Word. Provide examples of how you've used these tools in previous roles or projects.
Highlight Educational Background: If you have an Associates or Bachelor’s degree in Business or Accounting, make sure to mention it prominently in your application. If you have relevant coursework or projects, include those as well to strengthen your candidacy.
How to prepare for a job interview at NBT Bank
✨Understand the Role
Make sure you thoroughly understand the responsibilities of a Commercial Loan Administrator. Familiarise yourself with the tasks mentioned in the job description, such as assisting Relationship Managers and ensuring compliance with bank policies.
✨Showcase Your Customer Service Skills
Since this role involves a lot of customer interaction, be prepared to discuss your previous customer service experiences. Highlight specific examples where you successfully resolved issues or provided exceptional service.
✨Demonstrate Attention to Detail
Attention to detail is crucial in this position. Be ready to explain how you ensure accuracy in your work, especially when handling documentation and data entry. You might want to share examples from past experiences where your attention to detail made a difference.
✨Prepare for Technical Questions
Brush up on your Microsoft Office skills, particularly Excel and Word, as these will likely come up during the interview. Be prepared to discuss how you've used these tools in previous roles, especially in relation to transaction processing and documentation.