Commercial Booking Associate I

Commercial Loan Booking Associate

At OceanFirst Bank, each one of our employees plays an important role in fulfilling the mission and taking responsibility to execute daily tasks in alignment with our core values. Together we foster an environment of respect, professionalism and diversity that makes OceanFirst a great place to work and do business.

Great benefits include on-site fitness facility at Red Bank and Toms River headquarter offices, employee perks & discount programs, tuition assistance, incentive compensation program, professional development opportunities, and more! Apply today to make an impact in the local community!

Primary Purpose:

Prepare and board commercial loans as part of the Commercial Closing department. The primary function includes boarding internally prepared and outside counsel documented new loans, renewals, modifications and extensions. The Booking Associate ensures documentation is properly executed and processed on the Bank's core operating systems. In addition, the duties include conducting a second day review of boarded loans.

Essential Duties and Responsibilities:

1. Utilize the Commercial Loan and Business Banking Departments' operating systems in order to effectively board new, renewed, extended and modified loans.

2. Ensure completion of assigned daily department second day booking verification requirements.

3. Timely respond to inquiries from various servicing and lending departments regarding changes and modifications to existing and new loan boarding data for assigned loans.

4. Maintain a thorough working knowledge of the nCino, relevant community banking platform and Premier operating systems. (booking and reporting systems) and department procedures in order to effectively board new, renewed and modified loans.

5. Review loan closing and modification documents and offer necessary changes to the Closing Department in connection with boarding and in response to inquiries for operation control group compliance.

6. Knowledge of applicable compliance requirements for loan operations for response to booking inquires.

Job Specifications:

Knowledge, Skills & Abilities* Proficient in MS Office Suite, Salesforce and Fiserv Premier programs.

General knowledge of the lending process and ability to interpret the policies & procedures governing commercial lending.

Good understanding of commercial loan documentation and concepts related to the loan booking process.

Working knowledge of general regulations governing the banking industry, as well as agency guidelines and organization policies.

Strong interpersonal skills, including ability to effectively communicate with internal commercial customers.

Strong verbal and written communication skills.

Detail-oriented with solid organizational skills

Working knowledge of MS Office Suite, and documentation prep programs.

Ability to maintain the confidentiality of credit and customer information.

Experience & Education:

High School Diploma or equivalent; Associates Degree preferred.

A minimum of 1-3 years commercial loan processing experience.

Demonstrated work experience in an office environment.

Internal and External Contacts:

Internal contacts include loan assistants, relationship managers, commercial closing administrators, Loan Servicing associates.

External contact may include borrowers' counsel and title companies.

Working Conditions/Physical Requirements:

Office environment. Ability to operate computer. Ability to communicate in order to exchange simple to complex information with individuals and groups. Ability to travel throughout Bank footprint.

Salary Range: $48,460.00 - $72,370.00