Commercial Loan Servicing Specialist - Pittsfield, MA

Back 40d Commercial Loan Servicing Specialist #1455 Pittsfield, Massachusetts, United States Apply X Facebook LinkedIn Email Copy Job Description

Division : Commercial

Department : Loan Documentation & Servicing

Reports to : AVP, Commercial Loan Servicing Manager

Status : Non-Exempt

Grade : 6

Actual compensation within the pay range will be decided based on factors including, but not limited to, skills, prior relevant experience, and specific work location.

Location : Pittsfield, MA / Springfield, MA / Albany, NY

Purpose / Objective :

Performs a wide variety of tasks related to loan servicing as related to commercial loans according to established policies, procedures and regulatory guidelines thus assuring overall quality and integrity of the Bank's commercial loan portfolios.

Key Accountabilities :

• Reviews daily reports to ensure accurate customer billing, rate review, payment changes, transfers and performs maintenance necessary for corrections. Assists in the ongoing processing of exception handling by pulling and working entries from tracking reports
• Performs the quality control function for new loans and the maintenance on loan modifications. Monitors the integrity of data entered into core systems.
• Ensures accurate processing of payments, loan advances and transaction reversals necessary to maintain accuracy in the loan core system.
• Processes all non-accrual and charge-off entries for the Commercial Loan Department as well as all OREO transfers.
• Reconciles general ledger balances to ensure system accuracy.
• Provides payoff quotes, transacts the payoff in core and processes the paid loan paperwork including the preparation of collateral releases.
• Monitors the Sharepoint Queues for requests and processes accordingly.
• Maintains job function procedures.
• May assist or act as the main liaison for the ongoing perfection of collateral through UCC continuations and verification of liquid collateral values (i.e., Stocks).
• Assists or acts as the main liaison for the monitoring and payment of loan accounts taxes escrowed.
• Assists or acts as the main liaison for the monitoring of hazard and flood insurance, including force placement.
• Assists or acts as the main liaison for updating the rate indexes daily.
• Acts as the back-up to the Senior Commercial Loan Servicing Specialist for :

SWAP processes

Education :

Experience :

Skills & Knowledge :

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Berkshire Bank is an Equal Opportunity Employer - all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, or national origin. If you would like to contact us regarding the accessibility of our website, need assistance completing the application process, or would like to request alternative methods of applying, please contact us at hr@berkshirebank.com.

Location Pittsfield, MA - 66 West St