AVP, Loan Administration Officer & Supervisor

AVP, Loan Administration Officer & Supervisor at Cathay Bank summary :

The AVP, Loan Administration Officer & Supervisor at Cathay Bank oversees the preparation, review, and closing of complex commercial loan documentation while ensuring compliance with regulatory and bank policies. This role manages a team of 3-5 direct reports, providing coaching, evaluation, and workflow improvements to maintain service level agreements and operational efficiency. Additionally, the position is responsible for LaserPro database administration and collaborating with legal counsel on loan document matters.

People Drive Our Success

Are you enthusiastic, highly motivated, and have a strong work ethic? If yes, come join our team! At Cathay Bank - we strive to provide a caring culture that supports your aspirations and success. We believe people are our most valuable asset and we proudly foster growth and development empowering you to achieve your professional goals. We have thrived for 60 years and persevered through many economic cycles due to our team members' drive and optimism. Together we can make a difference in the financial future of our communities.

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GENERAL SUMMARY

Documentation, Closing & Funding Department is responsible for preparing the Promissory Note, Business Loan Agreement, and other loan documentation in LaserPro or reviewing attorney drawn loan documents, drafting Lender's Instructions, and performing necessary pre-closing validation for closing and funding.

DIRECT REPORTS

3-5 direct reports

ESSENTIAL FUNCTIONS

• Review and document all standard and complex commercial loans, such as, Cross Collateralized, Asset Based, Construction complex, International Trade Finance complex.
• Review complex attorney prepared loan documents prior to signing in accordance with Credit Approval. Consult with Cathay legal counsel and outside attorney, for any changes or additions to loan documents.
• Validate the receipt of the loan and borrower supporting documentation and verify compliance with loan committee approval conditions, Bank's policies, procedures, and Federal, State and other regulatory requirements.
• Create LaserPro documentation based upon loan approval conditions and in compliance with loan committee approval conditions, Bank's policies, procedures, and Federal, State, and other regulatory requirements.
• Create escrow closing instructions, pre-closing conditions and any other conditions required for Lender / Borrower information.
• Receive signed loan documents and perform closing and funding activities, such as, wire request, account funding, remit funds to pay off other lender, order tax contracts, UCC filing, set up and maintain tickler and monitoring databases (such as Stucky and Trade Innovation etc.).
• Review and approve escrow and recording instructions prepared by junior level processors, as necessary.
• Examine loan packages processed by less experienced staff to verify accuracy, or conformity with loan requirements, and approve closing (Funding, Wire, UCC filing / verification, Title policy reviewing etc.).
• Database administrator for LaserPro, responsible for updates and maintenance of LaserPro library setting, including maintain and test LaserPro disaster recovery application along with LaserPro testing database used prior to implementing additions or changes to production.
• Present an agreement on specific proposals through discussion or communication with others of a different viewpoint (i.e. Lending Units, Loan Servicing and legal counsel).
• Instruct less experienced staff in detail or work they perform (either directly or by enforcement of well-established procedure), assign work, observe, and evaluate performance in detail, and work with team member(s) to improve performance.
• Coach and develop staff to meet their position responsibility. Address performance issues as identified and required. Evaluate, interview, and hire staff as required. Provides necessary direction and support to staff, and promotes training, career development, and motivation. Hold team members accountable for their daily work.
• Communicate and oversee processing turnaround times to ensure fulfillment of service level agreement.
• Cross-train less experienced team members.
• Other duties as deemed necessary by Manager.

QUALIFICATIONS

6+ years banking experience with a minimum of 2+ years experience at a senior level.

OTHER DETAILS

$85K - $95K / year

Pay determined based on job-related knowledge, skills, experience, and location.

This position may be eligible for a discretionary bonus.

Cathay Bank offers its full-time employees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes, coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k).

Cathay Bank may collect personal information from potential job candidates and applicants. For more information on how we handle personal information and your applicable rights, please review our Privacy Policy.

Cathay Bank is an Equal Opportunity and Affirmative Action Employer. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex (including pregnancy and related medical conditions, childbirth and breastfeeding), reproductive health decision-making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law.

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Keywords :

loan administration, commercial loans, loan documentation, loan closing, loan compliance, team supervision, LaserPro database, funding activities, credit approval, banking operations