Commercial Loan Clerk, Sr. jobs in West Bloomfield, MI
Commercial Loan Clerk, Sr. processes loan payments and applies funds to customer accounts. Calculates and processes payoffs, and releases titles and insurance interest. Being a Commercial Loan Clerk, Sr. calculates and prepares refunds for customers that submit overpayments. Responds to customer inquiries and requests for net payoff quotes. Additionally, Commercial Loan Clerk, Sr. may require an associate degree or equivalent. Typically reports to a supervisor or manager. The Commercial Loan Clerk, Sr. works independently within established procedures associated with the specific job function. Has gained proficiency in multiple competencies relevant to the job. To be a Commercial Loan Clerk, Sr. typically requires 3-5 years of related experience. (Copyright 2024 Salary.com)
Recently Added Commercial Loan Clerk, Sr. jobs
Commercial Specialized Loan Analyst
- Comerica Bank
-
Livonia, MI
FULL_TIME
-
Syndications Loan AnalystWe are seeking team-oriented Syndicated Loan operations candidates to join our team. The ideal candidate should understand the syndicated loans business and loan operation processing. Our syndicated operations professionals help build and handle the syndicated loan products, processes, and services. The candidate will be expected to liaise with internal business partners & clients across all areas within the bank's organization.The Syndication team is a highly visible team serving as the primary day-to-day processing contact for the bank's Syndicated/ Sold Loans business which is the largest lending portfolio of the bank. Each staff owns his/her individual portfolio of borrower clients (30-40), whom they service daily. The team also works closely with Capital Markets, Relationship Managers, Group Leaders, Lending Assistants, and Corporate Risk, amongst others. The primary responsibility of this role is to ensure that all required financial and administrative transactions/financial postings are appropriately reflected in the Banks systems (AFS) and records on an accurate and timely basis for both the customer and member banks. Capital Market Administrators interact daily with parties involved per the syndicated loan activities to provide work processing guidance, direction and assistance when needed.Position CompetenciesSuccessful incumbents possess Comerica's Core Values of: One Comerica, The Customer Comes First, The Bigger Possible, A Force for Good, and Trust. Act. Own. This candidate will also exhibit a high focus on Listening, Problem Solving, Drive for Results, Independent Thinker, Ability to multitask, Forward Thinking, Attention to detail, Critical thinker, Analytical Skills, Business Acumen and Prioritization.Position Responsibilities:
- The Syndications Loan Analyst has responsibility for managing a portfolio of lending facilities where Comerica acts as Administrative Agent and lead bank.
- Comprehensive knowledge of the Syndicated Loan Market, especially as an Administrative Agent, and understands market conventions for managing the product.
- In depth knowledge of Syndicated Lending Operations including loan servicing, Fedwire payments, General Ledger reconciliation, Construction Loans, revolving credit facilities, term loan facilities, etc.
- Knowledge of industry standards and best practices for Syndicated and Commercial lending operations, as well as market initiative to streamline and automate loan servicing functions.
- Ensure all lending transactions are processed and managed correctly, minimizing operational risks and losses, and ensuring compliance with all bank policies and procedures.
- Comfortable managing all aspects of syndicated servicing, including interaction with senior internal and external stakeholders: Clients, Lenders, Issuing Banks, Business Partners, Front Office etc.
- Manage a loan portfolio to include the review and analyzing, funding and daily operational activity for the bank's syndicated portfolio, including processing of Loan Advances, Loan Payments, All Maintenance Items - Including Rollovers/Repricing's, Conversions, Margin Changes and Other Operational Transactions.
- Perform basic loan accounting and loan operational transactions daily.
- Ensure all financial activities are in compliance with the bank's policies and procedures.
- Investigation and resolution of queries, from internal business partners.
- Monitor AFS system accruals to make sure our spreadsheet and AFS accruals (for borrowers and participating investors) agree. (Fees that can't be handled by AFS are computed by the Syndicated Loan Administrator. These fees include such things as facility fees, unused fees, special over-formula fees, utilization fees, etc.)
- Review monthly billing statements to ensure accuracy to prevent unnecessary past due accounts.
- Analyze daily, weekly, monthly exception reports to resolve any errors or maintenance items that may result in loss or place bank in a negative position.
- Analyze loan processing documents for accurate processing and understanding.
- Applies judgment when interpreting data, preparing reports, and presents findings to management when necessary.
- Timely management, escalation and resolution of all requests / inquiries / issues / errors while maintaining SLA standards.
- Day-to-day focus is on resolution of complex loan issues, where expertise is required to interpret against policies, guidelines, or processes.
- Applies professional judgment, analytical thinking and knowledge of data analysis tools and methodologies to make recommendations to management to support process improvement.
- Support the execution and closing of complex syndicated loan transactions, including, but not limited to, new deals, refinancing, amendments, acquisition financings, and re-pricings.
- Assist with ad-hoc inquiries from Business Partners, Controllers, Reporting, and Management
- Periodically reviews the relevant procedures to ensure appropriate control and consistency.
- Ensures adherence to all bank policies and procedures relative to Regulatory Compliance including but not limited to the Bank Secrecy Act, USA Patriot Act, Anti-Money Laundering Act, Privacy Act, Regulations Q& X, Customer identification Program, Know Your Customer, Suspicious Activity Reports.
Livonia Operations CenterPosition Qualifications:- High School Diploma or the equivalent
- 3 years of college level accounting courses OR related experience
- 2 years of experience in commercial syndicated loan processing
- 2 years of experience with Excel and Word
- 2 years of experience analyzing and interpreting documents
Monday - Friday - 8am - 5pm
Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity. - 16 Days Ago
Trainee Loan Officer
- Lend-A-Loan
-
Troy, MI
FULL_TIME
- Interested in the mortgage industry, but not sure where to start? Lend-A-Loan is growing the team and looking for a driven Lead Generator ready to take the next step in their career. You’ll work on pr...
- 7 Days Ago
Dispatch/Data Entry Clerk 2nd Shift (manufacturing)
- COMMERCIAL STEEL TREATING
-
Madison, MI
FULL_TIME
- Seeking a 2nd Shift (11 a.m. to 8 p.m.) manufacturing data entry clerk (initial training will take place during day time hours).Scope: The data entry position requires an organized individual who can ...
- 16 Days Ago
Commercial Real Estate Loan Originator
- FRIEDMAN MANAGEMENT COMPANY
-
Farmington, MI
OTHER
- Job Details Level: Experienced Job Location: Corporate Office - Farmington Hills - Farmington Hills, MI Education Level: 4 Year Degree Salary Range: Undisclosed Travel Percentage: Up to 25% Job Catego...
- 18 Days Ago
Loan Officer Trainee
- Lend-A-Loan LLC
-
Troy, MI
FULL_TIME
- Interested in the mortgage industry, but not sure where to start? Lend-A-Loan is growing the team and looking for a driven Lead Generator ready to take the next step in their career. You’ll work on pr...
- 8 Days Ago
Mortgage Loan Assistant
- Lend-A-Loan LLC
-
Troy, MI
FULL_TIME
- Are you interested in joining a leader in the mortgage industry who offers stability and growth, ongoing training opportunities and employee engagement? We're hiring a mortgage loan officer assistant ...
- 24 Days Ago
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0 Commercial Loan Clerk, Sr. jobs found in West Bloomfield, MI area
Personal Lines Account Manager
- World Insurance Associates LLC
-
Rochester, MI
- Summary World Insurance Associates is a unique insurance organization offering top products and services from major prov...
- 5/19/2024 12:00:00 AM
Experienced IT Sales Professional (MSP/Service/Construction)
- Competitive Network Management LLC
-
Dearborn, MI
- Job Description Job Description General Overview – The Sales position is responsible for going out and locating potentia...
- 5/19/2024 12:00:00 AM
Business Development Executive
- Global Sales & Marketing
-
Auburn Hills, MI
- Job Title: Business Development Account Manager Location: Auburn Hills, MI Company Overview: Global Sales & Marketing is...
- 5/18/2024 12:00:00 AM
Personal Lines Associate Account Manager
- World Insurance Associates LLC
-
Rochester, MI
- Summary World Insurance Associates is a unique insurance organization offering top products and services from major prov...
- 5/18/2024 12:00:00 AM
Commercial Insurance Account Manager MNN9488
- Capstone Search Group
-
Detroit, MI
- Job Description Job Description About the Role As a Commercial Insurance Account Manager with this Detroit based indepen...
- 5/18/2024 12:00:00 AM
Subcontracts Representative Lead Job Details | Black & Veatch Family of Companies
- Black & Veatch
-
Troy, MI
- **Subcontracts Representative Lead** Date: May 9, 2024 Location: Milwaukee, WI, US Murrieta, CA, US Seattle, WA, US Sava...
- 5/17/2024 12:00:00 AM
Account Manager for Existing and New Business
- Sumitomo Electric Wiring Systems, Inc.
-
Farmington, MI
- Description Position at Sumitomo Electric Wiring Systems, Inc. SEWS - Farmington Hills, Michigan Office. Although locate...
- 5/16/2024 12:00:00 AM
Construction Sales Manager
- Bloom Roofing Systems
-
Brighton, MI
- Job Description Job Description Leads the sales team of an industrial commercial roofing company specializing in roof re...
- 5/16/2024 12:00:00 AM
About West Bloomfield, Michigan
West Bloomfield is sometimes referred to by its residents as the "lake township of Oakland County", being heavily dotted with small and medium-sized lakes. Cass Lake, the largest lake in the county, is in part of West Bloomfield, and Pine Lake, which has a private country club on its shore, is only a few miles away from Cass and lies completely within West Bloomfield. In addition, directly west of Pine Lake is Orchard Lake, which also has a private country club on its shore. Orchard Lake is surrounded by the city of Orchard Lake Village. Several smaller lakes are scattered around these larger...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Commercial Loan Clerk, Sr. jobs
$48,068 to $64,415
West Bloomfield, Michigan area prices
were up 1.2% from a year ago
were up 1.2% from a year ago
What does a Commercial Loan Clerk, Sr. do?
Commercial Loan Clerk, Sr. in Lubbock, TX
To become a commercial loan processor, you do not necessarily need a college degree.
December 18, 2019
Commercial Loan Clerk, Sr. in Jacksonville, FL
Besides clerical issues, clerks are also responsible for auditing, preparing documents and printing out forms.
December 13, 2019
Commercial Loan Clerk, Sr. in Daytona Beach, FL
Full competency of business loan policies and procedures, as well as working knowledge of laws that govern the Small Business Administration (SBA), Uniformed Standards of Professional Appraisal Practice (USPAP), and the Uniformed Commercial Code (UCC) will definitely benefit the potential candidate in landing the position.
January 31, 2020