Loan Documentation Administrator
NBT Bank
Pay Range: $28.31 - $37.75
The Loan Documentation Administrator at NBT is responsible for preparing, reviewing, and ensuring accuracy and compliance for loans across the bank’s lines of business. The Loan Documentation Administrator develops and influences documentation policy along with the department manager. Advanced technical expertise in complex loan documentation as well as documentation and origination software are utilized to ensure the systems and documentation are compliant and ensure adherence to loan approval, loan policy, bank procedures, laws, and regulations.
Apply advanced knowledge of loan accounting system setup, documentation software including products and specs, origination software, policy, procedures, regulations, and law to ensure the bank’s interests and assets are protected. Analyze information, comprehend complex loan documentation and structure including swaps, participations, syndications and letters of credit. They are capable of independent decision making, only requiring guidance on more complex situations. Work with General Counsel and external counsel creating appropriate language in documentation that adheres to laws and regulations, policy and procedures.
Activities directly impact customer accounts, bank reporting, and risk mitigation. Responsible for managing bank approved attorneys and the development and maintenance of standardized legal language for approved external counsel. Lead development and testing of enhancements and upgrades to documentation and origination systems providing guidance to all levels of employees.
Education and Experience:
+ Bachelor’s degree and 3 years’ experience required . Or equivalent combination of education and experience.
+ Professional or customer service experience preferred
Skills and Abilities:
+ Ability to comprehend complex commercial loan structure , loan policy, regulations, and law; a nalyze requests and data required ; identify and communicate risks .
+ Strong organizational skills required
+ Good communication skills (written and oral) required
+ Strong reading and comprehension skills required
+ Intermediate computer skills required
+ Accounting skills preferred
Unique Job Requirements & Characteristics
+ Ability to deliver high quality work in a friendly and fast paced environment
+ Ability and willingness to learn new skills
+ May occasionally be required to work outside of normal business hours, including evenings or weekends
Tasks Performed:
+ 25% Accountable for the s upport of loan documentation preparation and/or review of complex commercial loan documentation including swaps, participations and syndications ensuring accuracy and meeting requirements of loan approval , policy , regulations, and law . This will include reporting any exceptions to the appropriate parties and escalation of potential risk , and resolution of exception items .
+ 25% Develop and implement new products or enhancements within loan documentation or origination systems collaborating with counsel and business lines . Train new employees and/or new products/ work flow .
+ 15% Maintain advanced knowledge of, and demonstrate ongoing compliance with , all laws and regulations applicable to this position . Adhere to policies , procedures , and internal controls . Ongoing focus on risk and fraud mitigation.
+ 10% Uphold service level standards under normal conditions.
+ 5% A ssist with employee training and onboarding
+ 5% Other duties as assigned
Physical Requirements:
+ Communicate effectively with internal and/or external customers
+ Stationary 75% of time or greater
+ Move Objects to Maximum 10 lbs
Benefits for Full-Time Employees:
+ Generous Paid Time Off : At least 22 days annually, prorated in the year of hire.
+ Parental Leave : Six weeks of paid leave at 100% of your salary.
+ Comprehensive Medical Coverage : Includes employer contributions to HSA for High Deductible Health Plan participants.
+ Dental and Vision Coverage : Ensuring your overall health and well-being.
+ Flexible Spending Accounts : For healthcare and dependent care expenses.
+ Employer-Paid Disability Coverage : Both short-term and long-term, with an option to purchase additional long-term coverage.
+ Life Insurance : Employer-paid basic life insurance, with an option to purchase supplemental coverage.
+ Voluntary Benefits : Including hospital, accident, and critical illness coverage.
+ Retirement Plans: Benefit from a 401(k) plan with employer matching, an optional Roth 401(k), and a pension plan to help secure your future.
+ Adoption Assistance : Supporting your growing family.
+ Tuition Reimbursement : Invest in your education and career growth.
+ Employee Assistance Program (EAP) : Access to support and resources.
+ Financial and Banking Services : Various benefits and financial planning assistance .
Benefits for Part-Time Employees Working 20+ Hours/Week:
+ Medical Coverage : Includes employer contributions to HSA for High Deductible Health Plan participants.
+ Generous Parental Leave : Six weeks of paid leave at 100% of your salary.
Benefits for All Part-Time Employees:
+ Retirement Plans: Benefit from a 401(k) plan with employer matching, an optional Roth 401(k), and a pension plan for employees who work at least 1,000 hours in a calendar year, all designed to help secure your future
+ Paid Sick and Safe Leave : For your health and safety.
+ Employee Assistance Program (EAP) : Access to support and resources.
+ Financial and Banking Services : Various benefits and financial planning assistance .
Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or assume sponsorship of an employment Visa at this time.
NBT Bank offers a stimulating work environment that recognizes talent and encourages teamwork. Our employees benefit from a total compensation package, including competitive salary, bonuses and a wide range of benefits for eligible employees - like our Tuition Reimbursement Program. Join NBT Bank and build your career through the many growth, learning and collaborative opportunities made available across the company.
+ EEO is the law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf)
+ EEO is the Law Poster Supplement
+ Pay Transparency Nondiscrimination Provision (https://www.dol.gov/sites/dolgov/files/OFCCP/pdf/pay-transp\_%20English\_formattedESQA508c.pdf)
+ Family Medical Leave Act (FMLA) Poster
+ Employee Polygraph Protection Act (EPPA) (https://www.dol.gov/sites/dolgov/files/WHD/legacy/files/eppac.pdf)
NBT Bank is an equal opportunity employer and fully supports a diversified environment. We do not discriminate against any applicant or employee because of race, color, religion, sex, national origin, age, disability, sexual orientation, marital status or veteran status, recently separated veterans, genetic information, victims of domestic violence and stalking or any other class protected by Federal, State or local law. This policy applies to all terms of employment.
NBT Bank is inclusive and supportive of individual needs. If you have a physical or other impairment that might require an accommodation, including technical assistance with the Careers website or submission process, please call 1-888-804-1771 or contact us via email at humanresources@nbtbank.com. The Human Resources Shared Service Center hours of operation are Monday through Friday, 8:00 AM to 5:00 PM EST.
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