Loan Boarding Specialist

Job description

LOAN BOARDING SPECIALIST

n*In Office, Jacksonville, FL. *

nWHAT IS THE OPPORTUNITY?

nReviews all requests for boarding, funding, and servicing Commercial Loans (SBA, Real Estate, Construction, Syndication, Swap), completeness & accuracy. Boards new and renewed commercial loans. Processes advances, payments & payoffs on various commercial loan products. Performs all maintenance, calculate and adjust interest and fee accruals. Determines causes of rejected items and process corrections. Balances work and prepare appropriate GL entries to various cost centers as required.

nWHAT WILL YOU DO?

nnnLoan Boarder is profient in FASB91 and GAAP accounting guidance related to treatment of fees/costs for new loans. For loans that are renewed, or significantly modified, loan boarder must determine if change is considered significant based upon comparison of cash flows in determining if fees can be taken into income or must be amortized over the life of renewed/modified loan.

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nnPricing and Repayment Schedules - Loan Boarder is responsible to ensure for the accuracy of the entered pricing (All-in Rate, Margin, and Index, teaser rates, SOFR pricing options, as applicable) and repayment schedules (Interest only period, repayment terms (Mortgage style amortization. Straight-line amortization, 12-month average amortization schedule, and SWAP related schedules, all of which may be customized for each particular client.

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nnReporting requirements - Loan Boarders are responsible to enter critical information for reporting purposes gleaned and/or translated from the Credit Approval Document, Loan Documentation Checklist, or other documents which supports governmental, regulatory, and General Ledger/Financial and management reporting

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nnLoan Funding - Fund loan based upon disbursement authorization. Funding may take the form of an out-going wire, credit to a demand deposit account, issuance of Cashier's Checks or offset to payoff/pay down an existing loan.

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n nWHAT DO YOU NEED TO SUCCEED?

nRequired Qualifications *

nnnBachelor's Degree or equivalent

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nnMinimum 3 years of loan processing experience in a financial institution required.

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nnMinimum 2 years of basic computer experience(e.g. Microsoft Word, Excel, Outlook) required

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n nAdditional Qualifications

nnnAbility to communicate effectively.

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nnAble to handle a heavy volume of transactions and multiple tasks.

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nnDetail oriented with strong follow-up skills.

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nnAble to manually compute accrual adjustments.

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nnAbility to operate Personal Computers and WordPerfect/Word Programs.

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nnAble to operate calculators, encoding, fax and copying machines.

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n nWHAT'S IN IT FOR YOU?

nCompensation Starting base salary: $24.46 - $36.69 per hour. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.

nBenefits and Perks

nAt City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including:

nnnComprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date

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nnGenerous 401(k) company matching contribution

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nnCareer Development through Tuition Reimbursement and other internal upskilling and training resources

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nnValued Time Away benefits including vacation, sick and volunteer time

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nnSpecialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs

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nnCareer Mobility support from a dedicated recruitment team

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nnColleague Resource Groups to support networking and community engagement

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n nGet a more detailed look at our

nABOUT US

nSince day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at

nINCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT

nCity National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.

nIt is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

n*Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled.

nUnless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.

Worksite address

jacksonville, FL, 32290, US

Who can apply

Review the original listing for work authorization, qualifications and employer requirements.