Loan Support Officer

Join Our Team At Cathay Bank

Are you enthusiastic, highly motivated, and have a strong work ethic? If yes, come join our team! At Cathay Bank – we strive to provide a caring culture that supports your aspirations and success. We believe people are our most valuable asset and we proudly foster growth and development empowering you to achieve your professional goals. We have thrived for 60 years and persevered through many economic cycles due to our team members' drive and optimism. Together we can make a difference in the financial future of our communities. Apply today!

General Summary

Following established policies and department procedures, responsible for closing commercial real estate and construction loans including new loans, renewals, modifications, and amendments. Support Loan Officers in processing deals, client service, and loan/covenant monitoring.

Essential Functions

• Coordinate with internal and external units (e.g., loan documentation department, loan servicing department, title, escrow, borrower, broker) to close commercial real estate and construction loans.
• Verify equity for construction loans.
• Set up construction loan ledgers and balance sources/uses of funds.
• Assist in monitoring loan covenants and insurance.
• Support lending team's client service and loan processing.
• Upload loan-related documents to imaging system.
• Prepare required disclosure information within designated time frames.
• Prepare periodic reports.
• Provide quality client service and follow up on outstanding items.
• Ensure compliance with bank, regulatory and credit requirements with emphasis on quality client service while adhering to given deadlines.

Qualifications

• Education: College graduate with major in accounting, finance, or business preferred.
• Experience: Minimum 2-3 years commercial real estate lending and banking experience with strong understanding of closing construction loans.
• Skills/Ability: Windows, Word, Excel, and Outlook proficiency. Good verbal and written communication skills. Bilingual (English and Mandarin/Cantonese) a plus. Organized and detail oriented. Good knowledge of general bank credit underwriting policies. Ability to manage loan funding/closing and complex loan issues. Ability to work effectively in a fast-paced, high-production environment. Strong financial analysis and accounting skills.

Other Details

$26.44 – $38.46 / hour Pay determined based on job-related knowledge, skills, experience, and location. This position may be eligible for a discretionary bonus.

Cathay Bank offers its full-time employees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes, coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k).

Cathay Bank is an Equal Opportunity and Affirmative Action Employer. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex (including pregnancy and related medical conditions, childbirth and breastfeeding), reproductive health decision-making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law.