Peapack Private Bank & Trust
Commercial Loan Specialist
Peapack Private Bank & Trust, Bedminster, New Jersey, United States
Commercial Loan Specialist at Peapack Private Bank & Trust
Peapack Private Bank & Trust is a well-recognized, high-performing boutique bank; a leader in wealth, lending and deposit solutions, capable of providing the most sought-after products and services that fulfill all of our clients’ needs. We offer an innovative approach to private banking to help clients establish, maintain and expand their legacy. What makes Peapack Private different from our competition? We have been an institution for over 100 years that has always believed in putting the well‑being and needs of our employees and our clients first. We are proud to be recognized for the seventh consecutive year by American Banker as one of the ‘Best Bank to Work For’ across the nation. Our secret sauce in one word is our ‘culture’. We value a diverse, equitable, inclusive and safe workspace. Our one‑team culture goes to great lengths to show all employees that they are valued members of the team. We treat each other as family, and as such, communicate throughout the Bank in a transparent and frequent manner, respect and value feedback from all levels and operate with a philosophy of hospitality and general human kindness.
There are multiple ways to build relationships and get involved; from joining one of our Cultural Ambassador Sub‑Committees focused on our Wellness, Employee Fun, Diversity & Inclusion, or Environmental Awareness, to involvement in multiple community service activities through our Volunteerism outreach, to joining LIFT (a committee focused on enriching the lives of women – Leading Inspiring Females Together). Said quite simply, the culture is amazing!
Position Summary The Commercial Loan Specialist supports the Bank’s portfolio management and client service objectives by ensuring timely reconciliation of accounts, accurate reporting, and effective communication with internal and external stakeholders. This position plays a critical role in assisting the Community Banking Portfolio Manager with oversight of loan accounts and delivering high‑quality support and operational excellence to internal and external clients.
Responsibilities
Perform reconciliation of various loan and deposit accounts to ensure accuracy and compliance with bank policies.
Communicate with third‑party vendors, financial institutions, and service providers regarding transaction inquiries and account discrepancies.
Assist the Community Banking Portfolio Manager with oversight of loan accounts, including monitoring balances, payments, and exceptions.
Create and maintain financial and operational reports as directed by Management.
Respond promptly and professionally to internal and external client requests, ensuring a high standard of service and satisfaction.
Qualifications
2+ years of banking, finance, or accounting experience
Proficiency with Microsoft Excel, Word, and Outlook
Strong organizational skills and attention to detail
Excellent written and verbal communication skills
Ability to manage multiple priorities in a fast‑paced environment
Demonstrated professionalism and discretion with confidential information
Experience with loan servicing systems or portfolio management software strongly desired
Knowledge of banking operations and reconciliation procedures strongly desired
Benefits Overview We offer a competitive compensation package, a generous paid time off program, comprehensive medical, dental and vision coverage, maternity/paternity leave, education reimbursement, wellness programs and more. We also offer participation in an Employee Stock Purchase Program and a 401(k) with a generous match. The approximate pay range for this position is $52,692 to $60,000, plus an opportunity to earn performance‑based incentives. Please note that the pay range provided is a good faith estimate for the position at the time of posting. Final compensation may vary based on factors including, but not limited to knowledge, skills and abilities, as well as geographic location. Note: Incentives and/or benefits packages may vary depending on the position.
Seniority level Entry level
Employment type Full‑time
Job function Finance and Sales
Referrals increase your chances of interviewing at Peapack Private Bank & Trust by 2x
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Peapack Private Bank & Trust is a well-recognized, high-performing boutique bank; a leader in wealth, lending and deposit solutions, capable of providing the most sought-after products and services that fulfill all of our clients’ needs. We offer an innovative approach to private banking to help clients establish, maintain and expand their legacy. What makes Peapack Private different from our competition? We have been an institution for over 100 years that has always believed in putting the well‑being and needs of our employees and our clients first. We are proud to be recognized for the seventh consecutive year by American Banker as one of the ‘Best Bank to Work For’ across the nation. Our secret sauce in one word is our ‘culture’. We value a diverse, equitable, inclusive and safe workspace. Our one‑team culture goes to great lengths to show all employees that they are valued members of the team. We treat each other as family, and as such, communicate throughout the Bank in a transparent and frequent manner, respect and value feedback from all levels and operate with a philosophy of hospitality and general human kindness.
There are multiple ways to build relationships and get involved; from joining one of our Cultural Ambassador Sub‑Committees focused on our Wellness, Employee Fun, Diversity & Inclusion, or Environmental Awareness, to involvement in multiple community service activities through our Volunteerism outreach, to joining LIFT (a committee focused on enriching the lives of women – Leading Inspiring Females Together). Said quite simply, the culture is amazing!
Position Summary The Commercial Loan Specialist supports the Bank’s portfolio management and client service objectives by ensuring timely reconciliation of accounts, accurate reporting, and effective communication with internal and external stakeholders. This position plays a critical role in assisting the Community Banking Portfolio Manager with oversight of loan accounts and delivering high‑quality support and operational excellence to internal and external clients.
Responsibilities
Perform reconciliation of various loan and deposit accounts to ensure accuracy and compliance with bank policies.
Communicate with third‑party vendors, financial institutions, and service providers regarding transaction inquiries and account discrepancies.
Assist the Community Banking Portfolio Manager with oversight of loan accounts, including monitoring balances, payments, and exceptions.
Create and maintain financial and operational reports as directed by Management.
Respond promptly and professionally to internal and external client requests, ensuring a high standard of service and satisfaction.
Qualifications
2+ years of banking, finance, or accounting experience
Proficiency with Microsoft Excel, Word, and Outlook
Strong organizational skills and attention to detail
Excellent written and verbal communication skills
Ability to manage multiple priorities in a fast‑paced environment
Demonstrated professionalism and discretion with confidential information
Experience with loan servicing systems or portfolio management software strongly desired
Knowledge of banking operations and reconciliation procedures strongly desired
Benefits Overview We offer a competitive compensation package, a generous paid time off program, comprehensive medical, dental and vision coverage, maternity/paternity leave, education reimbursement, wellness programs and more. We also offer participation in an Employee Stock Purchase Program and a 401(k) with a generous match. The approximate pay range for this position is $52,692 to $60,000, plus an opportunity to earn performance‑based incentives. Please note that the pay range provided is a good faith estimate for the position at the time of posting. Final compensation may vary based on factors including, but not limited to knowledge, skills and abilities, as well as geographic location. Note: Incentives and/or benefits packages may vary depending on the position.
Seniority level Entry level
Employment type Full‑time
Job function Finance and Sales
Referrals increase your chances of interviewing at Peapack Private Bank & Trust by 2x
#J-18808-Ljbffr