Cathay Bank - Headquarters
Loan Administration Officer
Cathay Bank - Headquarters, Rosemead, California, United States, 91770
Overview
Cathay Bank seeks a skilled professional to prepare and review attorney-prepared loan documents for commercial loans. The role involves obtaining and reviewing loan information, coordinating with internal and external sources, working with title companies and legal contacts, and coordinating loan closings to ensure proper execution, fulfillment of terms, and perfect collateral position within the required time frame. Responsibilities
Review all necessary loan information to prepare appropriate loan documents, including loan approvals, appraisals, borrowing authority documentation, title information, demand, and any additional information needed to perfect the bank\'s position and reflect the terms of the loan approvals. Take appropriate action on any issues to meet the requested document due date. Prepare or review attorney-prepared/LaserPro complex loan documents (e.g., Asset Based, complex Construction, complex International Trade Finance, SBA, Syndication, Participation, etc.) based on loan approvals, and adhere to bank policies and procedures. Participate in loan document discussions with bank legal/outside counsel and the relationship manager. Ensure loan documents are accurate, complete, and compliant with all federal and state laws and regulations. Coordinate with the Legal Department or outside counsel to prepare loan documents or obtain specific legal language as needed; determine whether standard documents can be used or if Legal Department assistance is required. Communicate with the loan officer to ensure title issues are satisfied, including comprehensive recording instructions prepared and delivered to the title company. Assist in loan closing/funding to ensure documents are properly executed and approved, terms fulfilled, and the loan is closed and funded accurately within the established time frame. Perform post-funding duties including collateral perfection, tax service, UCC filings, tickers, ensure lien position, and follow-up on trailing documents. Serve as the LaserPro database administrator, updating and maintaining the LaserPro library, and testing disaster recovery procedures prior to production changes. Create and update Department Desk Top Procedures; train and provide guidance to junior team members and review their work. Review/create partial releases and collateral hold releases; perform other duties as assigned by supervisor/manager. Qualifications
* Education: College graduate with a major in accounting or business preferred. * Experience: Minimum three years of senior-level experience in commercial loan documentation and funding, performing functions independently. Some supervisory experience is a plus. * Skills/Abilities: Detail-oriented and accurate; ability to improve workflow; excellent communication skills; LaserPro and PC proficiency; some IBS proficiency; knowledge in reviewing attorney-prepared loan documents; thorough knowledge of commercial loans and international lines of credit. Other Details
$36.06 - $43.26 / hour. Pay determined based on job-related knowledge, skills, experience, and location. This position may be eligible for a discretionary bonus. Benefits & Equal Opportunity
Cathay Bank offers full-time employees a competitive benefits package as part of total compensation, including medical, dental, vision, life, long-term disability, flexible spending accounts (FSAs), health savings account (HSA) with company contributions, voluntary coverages, and 401(k). Cathay Bank may collect personal information from potential candidates. For more information, review our Privacy Policy. Catholic Bank is an Equal Opportunity and Affirmative Action Employer and welcomes applications from all qualified candidates. Click here to view the Know Your Rights: Workplace Discrimination is Illegal poster: Poster- English, Poster- Spanish, Poster- Chinese Traditional, Poster- Chinese Simplified. Cathay Bank endeavors to make www.CathayBank.com accessible to all users. If you would like to contact us regarding accessibility or assistance with the application process, please contact Mickey Hsu, FVP, Employee Relations Manager, at (626) 582-7370 or mickey.hsu@cathaybank.com. This contact information is for accommodation requests only and cannot be used to inquire about application status.
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Cathay Bank seeks a skilled professional to prepare and review attorney-prepared loan documents for commercial loans. The role involves obtaining and reviewing loan information, coordinating with internal and external sources, working with title companies and legal contacts, and coordinating loan closings to ensure proper execution, fulfillment of terms, and perfect collateral position within the required time frame. Responsibilities
Review all necessary loan information to prepare appropriate loan documents, including loan approvals, appraisals, borrowing authority documentation, title information, demand, and any additional information needed to perfect the bank\'s position and reflect the terms of the loan approvals. Take appropriate action on any issues to meet the requested document due date. Prepare or review attorney-prepared/LaserPro complex loan documents (e.g., Asset Based, complex Construction, complex International Trade Finance, SBA, Syndication, Participation, etc.) based on loan approvals, and adhere to bank policies and procedures. Participate in loan document discussions with bank legal/outside counsel and the relationship manager. Ensure loan documents are accurate, complete, and compliant with all federal and state laws and regulations. Coordinate with the Legal Department or outside counsel to prepare loan documents or obtain specific legal language as needed; determine whether standard documents can be used or if Legal Department assistance is required. Communicate with the loan officer to ensure title issues are satisfied, including comprehensive recording instructions prepared and delivered to the title company. Assist in loan closing/funding to ensure documents are properly executed and approved, terms fulfilled, and the loan is closed and funded accurately within the established time frame. Perform post-funding duties including collateral perfection, tax service, UCC filings, tickers, ensure lien position, and follow-up on trailing documents. Serve as the LaserPro database administrator, updating and maintaining the LaserPro library, and testing disaster recovery procedures prior to production changes. Create and update Department Desk Top Procedures; train and provide guidance to junior team members and review their work. Review/create partial releases and collateral hold releases; perform other duties as assigned by supervisor/manager. Qualifications
* Education: College graduate with a major in accounting or business preferred. * Experience: Minimum three years of senior-level experience in commercial loan documentation and funding, performing functions independently. Some supervisory experience is a plus. * Skills/Abilities: Detail-oriented and accurate; ability to improve workflow; excellent communication skills; LaserPro and PC proficiency; some IBS proficiency; knowledge in reviewing attorney-prepared loan documents; thorough knowledge of commercial loans and international lines of credit. Other Details
$36.06 - $43.26 / hour. Pay determined based on job-related knowledge, skills, experience, and location. This position may be eligible for a discretionary bonus. Benefits & Equal Opportunity
Cathay Bank offers full-time employees a competitive benefits package as part of total compensation, including medical, dental, vision, life, long-term disability, flexible spending accounts (FSAs), health savings account (HSA) with company contributions, voluntary coverages, and 401(k). Cathay Bank may collect personal information from potential candidates. For more information, review our Privacy Policy. Catholic Bank is an Equal Opportunity and Affirmative Action Employer and welcomes applications from all qualified candidates. Click here to view the Know Your Rights: Workplace Discrimination is Illegal poster: Poster- English, Poster- Spanish, Poster- Chinese Traditional, Poster- Chinese Simplified. Cathay Bank endeavors to make www.CathayBank.com accessible to all users. If you would like to contact us regarding accessibility or assistance with the application process, please contact Mickey Hsu, FVP, Employee Relations Manager, at (626) 582-7370 or mickey.hsu@cathaybank.com. This contact information is for accommodation requests only and cannot be used to inquire about application status.
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