Since 1973, East West Bank has served as a pathway to success. With over 120 locations across the U.S. and Asia, we are the premier financial bridge between the East and West. Our teams of experienced, multi-cultural professionals help guide businesses and community members on both sides of the Pacific looking to explore new markets and create new opportunities, and our sustained growth and expertise in industries like real estate, entertainment and media, private equity and venture capital, and high-tech help build sustainable businesses and expand our associates’ potential for career advancement.
Headquartered in California, East West Bank (Nasdaq: EWBC) is a top performing commercial bank with an exclusive focus on the U.S. and Asia markets. With a strong foundation, and enterprising spirit and a commitment to absolute integrity, East West Bank gives people the confidence to reach further.
The Loan Administrator Team Lead is responsible for providing guidance and technical support to Loan Closing Administrators and Associates, performing syndicated and complex commercial loan closing activities. This position requires a comprehensive understanding of loan syndications, complex and specialized commercial lending products, regulatory requirements, credit policy, collateral, insurance, and loan servicing requirements.
Responsibilities Provide guidance and technical support to Loan Closing Administrators and AssociatesPerform detailed due diligence for all Closing Requirements have been met which including but not limited to: Proper borrowing resolutions have been obtainedReview Outside Counsel Consistency Letter ensuring there are no exceptions and/or outstanding items to be resolved prior to closingReview Post Closing requirements and ensure proper tracking and follow upPerform due diligence of Flood Requirements Act as liaison between Escrow, Title, Attorneys and all interested parties to coordinate funding and closing of Specialty Lending loans and Syndicated Credit for EWB lead.Review collateral support documents to ensure appropriate collateralization and proper lien position pursuant to credit approval.Review CCR to determine appropriate credit approval and completed presentation to close the loanEnsure all pre-funding conditions have been met prior to closingPerform pre-Closing review of Loan Documents post executionPrepare closing documents including but not limited to Closing Statement ensuring data accuracy and proper assignment of codes and set up post-closing requirementPerfect all Collateral including but not limited to Commercial Real Estate, Equipment, Blanket Liens, etc. Assist in creating/establishing procedures in support of the Loan Closing Admin. TeamSupport other projects as assigned by the ManagerRespond to all internal and external customer inquiries Perform other duties as assigned Qualifications Bachelor Degree in Finance or Accounting preferred or equivalent experience 5 years of experience as a commercial loan closing administrator or syndication loan servicing administrator Knowledge of all aspects of complex loan structures specifically those prepared by Attorneys Ability to read and interpret complex loan agreements and Thorough knowledge of all Loan Closing requirements and collateral perfectionStrong knowledge of core accounting system functionality / capability to onboard and service complex commercial lending productsCommercial loan accounting experience required with FIS preferred Broad knowledge of syndicated loan servicing requirementsAbility to provide excellent customer service Ability to multi-task, adapt quickly to changes and work effectively in a fast-paced environment Ability to effectively communicate upward and downward, with outside attorneys, and other financial institutionsMust be a self-starter and possess positive attitude with good organizational skillsStrong sense of internal and SOX controlsThorough knowledge of Microsoft software, inclusive of Word and ExcelExcellent written and verbal communication skills requiredGood organizational, analytical and problem-solving skills Compensation The base pay range for this position is USD $40.00/Hr. - USD $48.00/Hr. Exact offers will be determined based on job-related knowledge, skills, experience, and location. Options Apply for this job onlineApplyShareEmail this job to a friendRefer <p style="margin: 0px;"><span style="color: #54585a;">Sorry the Share function is not working properly at this moment. Please refresh the page and try again later.</span></p> Share on your newsfeedEast West Bank is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other legally protected status. Reasonable accommodations for disability are provided to applicants and employees in accordance with applicable law. Application FAQs
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