Commercial Loan Servicing Specialist

Loan Servicing Specialist

Greater Boston | Hybrid | $33-38/hr

• Responsible for timely and accurate boarding and maintenance of all new and existing Commercial loans in the Bank’s core, while adhering to Bank policy and the terms and conditions set forth in the Loan Approval.
• Performs accurate processing of monthly SWAP payments. Ensures all SWAP remittances are compared to the amortization schedule, and that wires are sent to the appropriate counter party.
• Prepare and distribute various reports to colleagues and management, including the New Loan Production Report, Past Due Report, Maturity Report, and Note Listing.
• Work closely with the Commercial Loan Administration team and Commercial Loan Officer to ensure loans are reflected accurately on the core.
• Reconcile and prepare various general ledger accounts and perform research when necessary.
• Prepare and circulate payoff documentation, including collateral release forms, Mortgage Discharges, and Partial Releases.
• Monitor and work daily exception reports, such as unapplied transactions, auto payment rejects, and tickler reports.
• Assist in the management of the Bank’s participation portfolio, including funding, tracking of payments received, sending remittances, and responding to questions of partner banks.

• Bachelor’s degree in accounting, finance, or business management preferred.
• Two to four years of banking experience preferred.

If interested, please reach out to