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Cathay Bank · 4 months ago

AVP, Loan Administration Officer & Supervisor

Rosemead, CA, USA

Full-time

Onsite

Mid, Senior Level

$85K/yr - $95K/yr

6+ years exp

Cathay Bank is a well-established financial institution that values its team members and fosters their growth and development. They are seeking an AVP, Loan Administration Officer & Supervisor to oversee the documentation, closing, and funding processes for commercial loans while managing a team and ensuring compliance with regulatory requirements.

BankingFinanceFinancial Services

H1B Sponsor Likely

Responsibilities

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

Qualification

Commercial loans knowledgeInternational lines of creditSupervisory experienceLaserPro documentationDetail-orientedPC proficientCommunication

Required

College graduate with major in accounting or business preferred

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

Knowledge and understanding of commercial loans and international lines of credit required

Minimum of 3 years supervisory experience required

Detail-oriented and accurate; ability to make sound recommendations to improve workflow; excellent communication skills; PC proficient; thorough knowledge and understanding of commercial loans and international lines of credit

Benefits

Medical insurance

Dental insurance

Vision insurance

Life insurance

Long-term disability insurance

Flexible spending accounts (FSAs)

Health saving account (HSA) with company contributions

Voluntary coverages

401(k)

Company

Cathay Bank

Glassdoor3.1

Cathay Bank is a financial services company originally founded to support Los Angeles’ growing Chinese American community. It is a sub-organization of Cathay General Bancorp.

Founded in 1962

El Monte, California, USA

1001-5000 employees

https://www.cathaybank.com/

H1B Sponsorship

Cathay Bank has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

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Trends of Total Sponsorships

2020 (1)