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Sr. Loan Specialist - Corporate Lending - (1015)

We are a bank that strives to be the premier financial partner to our customers in our market segment, and to assist our customers in reaching their financial goals and dreams. We have Integrity in everything we do. We have strategic, effective leadership that inspires everyone around us. We hire exceptional employees who are the most important asset to drive our success. We provide extraordinary service to our customers, both internally and externally.
We are celebrating our 55th anniversary in April of this year, as the first Chinese-American bank in Southern California to now a full-service bank covering nine states and having overseas presence in Asia.
We are CATHAY BANK - www.cathaybank.com
GENERAL SUMMARY
Documentation, Closing & Funding Department is responsible for preparing the Promissory Note, Business Loan Agreement, and other loan documentation in LaserPro or reviewing attorney drawn loan documents, drafting Lender's Instructions, and performing necessary pre-closing validation for closing and funding.
ESSENTIAL FUNCTIONS
Review and document all complex Commercial Loan (i.e. CRE loan up to $5.0MM, C&I with Sub-limits, Working Capital loan, SBA 504, Int'l Trade Finance loan, Construction ? Simple).
Review attorney prepared loan documents prior to borrower signing to verify inclusion of Cathay standard provision, covenant & other wording in accordance with Credit Approval.
Validate the receipt of the loan and borrower supporting documentation and that the request is in compliance with loan committee approval conditions, Bank's policies, procedures and Federal, State and other regulatory requirements.
Communicate and resolve any supporting documentation issues or questions/clarification on the CCR conditions/wording with Lending Unit and/or Cathay legal counsel.
Create LaserPro documentation based upon loan CCR conditions and in compliance with loan committee approval conditions and Bank's policies, procedures and Federal, State and other regulatory requirements.
If applicable, create escrow closing instruction and pre-closing conditions and any other conditions required Lender/Borrower information.
Receive signed loan documents and perform closing and funding activities including wire request, account funding, remit funds to pay off other lender, Deed of Trust recording, order tax contracts, UCC filing, set up and maintain tickler and monitoring databases (such as CASH OnTrack, Stucky and Trade Innovation etc.)
Responds to internal and external inquiries in a timely and satisfactory manner (i.e. Lending Units, Loan Servicing and legal counsel).
Login Trailing documents (such as Deed of Trust and Title policy etc.)
Assists in training processors
Minimum qualifications/requirements:
Education: College degree with major in accounting preferred but not required.
Experience: 4+ years of commercial lending and banking experience, with thorough knowledge of lending regulations.
Skills/Ability: PC Proficient. Strong verbal and written communication skills. Organized and detail-oriented. Ability to work independently without much supervision
It is the individual responsibility of every employee to maintain a current awareness and understanding of appropriate banking laws, regulations, internal policies and procedures, and to comply fully with those laws, regulations, policies and procedures. From time to time, employees may be assigned tasks or duties as deemed appropriate by their supervisors. The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed, as an exhaustive list of all responsibility, duties and skills required of personnel so classified.



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