Loan Support Officer

Overview 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 includes medical, dental, vision, life, long-term disability insurance, flexible spending accounts, health saving account 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 Affirmative Action Employer. We welcome applications from all qualified candidates, regardless of race, color, ethnicity, citizenship, gender, national origin, religion, age, sex, pregnancy-related conditions, reproductive health decision-making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or veteran status, or any other status protected by applicable law. Click here to view the Know Your Rights: Workplace Discrimination is Illegal poster: English, Spanish, Chinese Traditional, Chinese Simplified. For accessibility questions or if you need assistance completing the application process, contact Mickey Hsu, FVP, Employee Relations Manager, at View phone number on click.appcast.io or View email address on click.appcast.io. This contact information is for accommodation requests only and cannot be used to inquire about the status of applications. #J-18808-Ljbffr Cathay Bank