Associate Commercial Loan Servicing

Posted:
3/26/2025, 6:21:21 AM

Location(s):
Connecticut, United States ⋅ Southington, Connecticut, United States

Experience Level(s):
Junior ⋅ Mid Level ⋅ Senior

Field(s):
Finance & Banking ⋅ Sales & Account Management

If you’re looking for a meaningful career, you’ll find it here at Webster. Founded in 1935, our focus has always been to put people first--doing whatever we can to help individuals, families, businesses and our colleagues achieve their financial goals. As a leading commercial bank, we remain passionate about serving our clients and supporting our communities. Integrity, Collaboration, Accountability, Agility, Respect, Excellence are Webster’s values, these set us apart as a bank and as an employer.  

Come join our team where you can expand your career potential, benefit from our robust development opportunities, and enjoy meaningful work!

Summary:

· Ability to deliver high quality professional service to internal and external customers, understanding all aspect of loan processing, ensuring requests are processed accurately within established credit guidelines and departmental procedures

· Read and understand all commercial loan documents including notes, agreements, and understand how the data is set up on the required loan system.

· Perform completeness check to ensure system matches executed documents; ensure knowledge of the Commercial lending products and services, including an understanding of a Credit Agreement, loan funding mechanics, deal structure, funds flow, etc.

· Process loan portfolio seamlessly and accurately and anticipates business needs

Key Responsibilities:

· Handles basic commercial loan transactions (ex. indirect deals)

· Monitors delinquencies and evaluates loan issues – resolving as needed.

· Ensures the timely clearing of cash, Suspense and WIP accounts

· Ensures Department policies and procedures are adhered to and data input is accurate.

· Other loan related and miscellaneous tasks (i.e. Break funding, DDA related, Manual entries, manual

statements, etc.).

Specific Skills/Experience Required:

· Solid analytical skills, detail oriented

· Accounting, financial experience preferred

· Ability to effectively multitask in a fast paced environment

· Time management and strong interpersonal skills

· Ability to challenge the status quo and open to change

· Effective problem-solving skills as well as oral and written communication skills

· Self-Starter with ability to work well independently as well as with a Team

· Ability to set priorities, develop a work schedule, monitor progress toward goals and track activities.

· Working knowledge of Microsoft Office product suite

· Working Knowledge of Commercial Loan Systems - LoanIQ, preferred

· Sense of urgency and accountability.

 The estimated salary range for this position is $26.00 to $30.00 USD hourly. Actual salary may vary up or down depending on job-related factors which may include knowledge, skills, experience, and location. In addition, this position is eligible for incentive compensation.

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All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.