Sr. Loan Specialist

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. Documentation, Closing & Funding Department is responsible for preparing commercial loan documentation in LaserPro or reviewing attorney prepared loan documents, drafting lender's instructions, and coordinate loan closing ensuring all loan documents are properly executed, and all loan terms/conditions are fulfilled and collateral perfection within allowed timeframe.

ESSENTIAL FUNCTIONS

Create LaserPro loan documents for all simple commercial loans (i.e. CRE loans, C&I with Sub-limits, Working Capital loans, SBA 7A & 504 loans, International Trade Finance Loans, Construction Loans and Asset Based Lines of Credit). Review attorney prepared loan documents prior to borrower signing to verify inclusion of Cathay Bank standard provisions, covenants, and other wording in accordance with approval. Validate the receipt of the loan and borrower supporting documentation and that the request follows Bank's policies, procedures, and Federal, State, and other regulatory requirements. Communicate and resolve any supporting documentation issues or questions/clarifications on the conditions/wording appearing in the approval with Lending Unit and/or Cathay Bank legal counsel. If applicable, create escrow closing instructions and pre-closing conditions and any other conditions required for Lender/Borrower. Receive signed loan documents and perform closing and funding activities including ensuring all loan documents are properly executed by authorized signer and reviewed/signed by Account Officer. Process wire request, remit funds to payoff other lender, file UCC-1, set up and maintain ticker and monitoring databases. Respond to internal and external inquiries in a timely manner and satisfactory manner (i.e. Lending Units, Loan Servicing and Cathay Bank legal counsel). Track for trailing documents (i.e. recorded UCC filings, deed of trust and title policy, etc.). Other duties as deemed necessary by supervisor/manager.

QUALIFICATIONS

Education: College graduate with major in accounting or business preferred but not required. Experience: 3+ years commercial lending or banking experience with working knowledge of lending regulations. Experience generating loan documents using LaserPro. Skills/Ability:. PC proficient. Strong verbal and written communication skills. Organized and detail oriented. Ability to work independently without much supervision.

OTHER DETAILS

$26.92 – $30.77 / 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 may collect personal information from potential job candidates and applicants. For more information on how we handle personal information and your applicable rights, please review our California Job Applicant Privacy Policy . Cathay Bank is an Equal Opportunity and AffActive 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. Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.Lending #J-18808-Ljbffr Cathay Bank in