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Commercial Production Specialist I in Lynn, MA at Eastern

Date Posted: 5/22/2018

Job Snapshot

Job Description

When you join Eastern Bank, you join the largest and oldest mutual bank in the country. We pride ourselves in having knowledgeable and experienced professionals that can provide the expertise, personal attention and service our customers deserve. 

As a full-service commercial bank in Greater Boston, we are able to offer you unique opportunities for career growth throughout the organization, as well as a competitive compensation and benefits program.
As an inclusive company, we work to ensure that our valued employees are treated fairly, recognized for their individuality, and encouraged to reach their fullest potential. These values have earned us a reputation as a great place to work and provide a strong reason why you should consider a career with us.
In this role, you will be responsible for the following: 

  • Performs entity, collateral and compliance due diligence for all new loans, renewals, modifications and extensions
  • Prepares and/or review internal and external loan documentation for new loans, renewal, extensions and modifications
  • Ensures that documentation is in compliance with the most recent updated policy and procedure. Ensures compliance with regulatory requirements.
  • Support the Commercial and/or Business Banking renewal and collections process.
  • Ensure that collateral is appropriately secured.
  • Performs Quality Control review to ensure accurate documentation and adherence to policies and procedures.
  • Works with third party providers collecting required documentation and processing associated fees.
  • Orders services such as OFAC, Flood Certs, Tax Service, UCCs, etc., if required.
  • Perform related and unrelated duties as needed or assigned by Management.

Job Requirements

  • Bachelor’s degree or related knowledge/skills base gained through experience required
  • 3 – 5 years of loan documentation experience required
  • Paralegal Certificate/Degree preferred but not required
  • Strong knowledge of commercial banking compliance issues and regulations
  • Strong knowledge of commercial collateral protection requirements
  • Strong knowledge of commercial banking operations and procedures
  • Strong knowledge of loan documentation and legal requirements
  • Strong knowledge of general banking operations and activities
  • Superior communication, organizational, writing, and interpersonal skills required
  • Strong knowledge of Metevante, ECM, LaserPro, MS Office preferred
  • High sensitivity to deadlines
  • Experience independently managing an efficient workflow