Commercial Loans Specialist

Job Description

Job Description

We are looking for a detail-oriented Commercial Loans Specialist to join our team on a contract basis in Los Angeles, California. In this role, you will manage various aspects of commercial loan servicing and portfolio monitoring, ensuring compliance with financial regulations and organizational standards. You will also collaborate closely with relationship managers and portfolio managers to support the loan process from origination to ongoing maintenance. This position offers an opportunity to contribute to a dynamic financial services environment.

Responsibilities :

• Organize, sort, and upload loan files for imaging and maintain both physical and electronic records to ensure audit readiness.
• Create and update borrower and guarantor profiles, including reporting and financial covenants, in the loan monitoring system.
• Provide support to relationship managers and portfolio managers by addressing inquiries related to loan monitoring processes and system functionality.
• Generate and maintain portfolio management and monitoring reports in the loan tracking system.
• Oversee insurance documentation for new and existing loans, ensuring policies remain current and compliant.
• Review executed loan and credit documents to verify proper signatures, dates, and initialing.
• Assist with loan closings, including coordinating necessary documentation and approvals.
• Support operations and compliance teams with loan booking, funding, and audit processes.
• Monitor regulatory filings and ensure all relevant documentation remains up-to-date and accurate.
• At least 5 years of experience in loan servicing and portfolio monitoring within the financial services industry.
• Proficiency in using computer applications such as Word, Excel, and Outlook.
• Strong analytical abilities with a keen eye for detail to ensure accuracy and compliance.
• Exceptional verbal and written communication skills to effectively collaborate with team members and stakeholders.
• Extensive knowledge of commercial loan documentation and loan closing processes is highly preferred.
• Familiarity with financial systems such as Moody’s or similar tools is an advantage.
• Experience with accounting functions, financial reporting, and regulatory compliance is desirable.
• Ability to manage multiple priorities in a fast-paced environment while maintaining a high level of accuracy.