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Manager, Loan Operations

Valley Bank
Posted a month ago, valid for 22 days
Location

Wayne, NJ, US

Salary

Competitive

Contract type

Full Time

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Sonic Summary

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  • The position requires a minimum of 10 years of experience in commercial loan operations and management.
  • The role involves leading a loan servicing team, managing daily operations for complex loan types, and ensuring compliance with regulations.
  • Candidates should possess strong leadership skills, a deep understanding of commercial lending products, and proficiency in Microsoft Word and Excel.
  • The job also includes analyzing workflows for process improvements and acting as a liaison with various stakeholders to resolve complex issues.
  • Salary details are not explicitly mentioned, but the extensive experience and leadership responsibilities suggest a competitive compensation package.
Responsibilities include but are not limited to:
  • Lead and develop loan servicing team, including training, performance management, staffing, and fostering continuous improvement.
  • Direct daily servicing operations for complex loan types (C&I, CRE, participations, syndications), covering booking, funding, payments, draw requests, payoffs, and account maintenance.
  • Ensure compliance with federal/state regulations, internal policies, and controls; serve as liaison for audits and regulatory reviews.
  • Analyze workflows and implement process improvements or automation initiatives to enhance efficiency and accuracy.
  • Act as primary liaison with lenders, relationship managers, participating banks, and borrowers to resolve complex, time-sensitive issues.
  • Oversee reporting and data integrity, including management, board, investor, and regulatory reports, tax forms, and collateral documentation. Support audits and quality control reviews.
Qualifications
Required Skills:
  • Strong leadership skills to set standards for subordinates, resolve problems, support change and increase productivity.
  • Strong understanding of commercial lending products, loan documentation and industry software.
  • Extensive attention to detail with a focus on identifying discrepancies, ensuring data integrity, and maintaining compliance with internal policies.
  • Extensive knowledge of bank regulatory requirements.
  • Proficient PC skills including Microsoft Word and Excel.
  • Effective communication and organizational skills.
  • Ability to prioritize daily work assignments while working in a demanding environment is required.
  • Ability to meet deadlines defined by Bank and regulators.

Required Experience:
  • High School Diploma or GED equivalent. Minimum of 10 years of experience in commercial loan operations, loan documentation and management experience.
Preferred Experience:
  • Bachelor's Degree in related subject (BA or Finance).



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