Commercial Post Closing Associate
Company: OceanFirst Financial Corp.
Location: Toms River
Posted on: May 3, 2021
This position is based at our Toms River Headquarters.
Support the department with loan closing, renewals and
extensions to ensure documentation is properly executed and
processed on the operating systems. In addition, create tracking
for follow-up on outstanding items after closing and complete
ESSENTIAL DUTIES AND RESPONSIBILITIES:
Review post-closing packages for proper document execution and
Assist Commercial Loan Post Closing Supervisor in compilation of
data for regulatory compliance and monthly and quarterly
Maintain working knowledge of the Commercial Loan and Small
Business Department's core operating systems. (booking and
reporting systems) and procedures in order to effectively board new
and modified loans.
Assist with the monitoring of the daily proof and general
ledgers of the department.
Recording of documents (mortgages, initial UCC-1 statements,
Work with lenders, Bank Counsel, borrower and borrower's counsel
to ensure required post closing documentation is received,
monitored and maintained.
Interpret loan closing or modification documents to system
updates on the core processing system.
Provide quality control with proper execution of loan
documentation, the creation of non-financial tracking reporting
Prepare documentation files for system scanning.
Review daily department proof and complete proof of general
ledgers to ensure all items are reconciled. Assist with the
research and resolution of outstanding items.
Research and prepare collateral release forms as needed for
Understands compliance with all regulations governing the
banking industry, as well as agency guidelines and organization
- Understands the compliance requirements for Loan Operations to
ensure files are maintained in accordance with regulations.
Knowledge, Skills & Abilities
- Strong interpersonal skills, including ability to effectively
communicate with commercial customers.
- Strong verbal and written communication skills.
- Working knowledge of MS Office Suite, and documentation prep
Experience & Education
- High School Diploma or equivalent; Paralegal designation
- Minimum of 5 years loan documentation experience
Internal and External Contacts
- Internal contacts include co-workers, Bank Counsel, Loan
- External contact includes borrowers and borrowers' counsel,
Working Conditions/Physical Requirements
Office environment. Ability to operate computer. Ability to
communicate in order to exchange simple to complex information with
individuals and groups. Ability to travel throughout Bank
Equal Opportunity Employer
Minorities/Females/Veterans/Individuals with Disabilities/Sexual
Keywords: OceanFirst Financial Corp., Brick , Commercial Post Closing Associate, Other , Toms River, New Jersey
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