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Company Name: First Midwest Bank
Job Title: Commercial Real Estate Loan Administrator II
Location: Arlington Heights, IL
Profession: Loan Operations

Job Description:

POSITION SUMMARY:
To assist the commercial real estate lending officers in developing, documenting, closing, funding, booking and maintaining the commercial real estate portfolio, while ensuring that each loan is in compliance with loan policy and regulatory requirements, as well as contributing to the meeting of departmental goals and objectives.

REQUIRED EDUCATION, EXPERIENCE AND SKILLS:
# High School diploma or equivalent work experience
# Bachelors or Associates Degree preferred
# Course work in business, real estate, finance and/or accounting
# Minimum of 2 years loan administration/loan documentation and/or lending experience, including real estate loan closing experience
# Excellent communication and problem solving skills
# High proficiency in computer skills
# Decision making skills and ability to prioritize workload
# Ability to work independently
# Ability to handle multiple tasks simultaneously
# Ability to mentor and guide other real estate loan administrators

DUTIES/RESPONSIBILITIES:
# Efficiently and accurately prepare all paperwork necessary to book/fund and maintain every type of commercial real estate loan.
# Order and evaluate real estate loan documentation.
# Organize real estate loan closings. This includes working with lending officers, customers, brokers, appraisers, attorneys, title company personnel and various other and specialists/vendors, in order to close every type of commercial real estate loan in a timely manner.
# Continually maintain commercial real estate loans (i.e., modifications, extensions, letters of credit, updated financial information, release deeds, etc.).
# Recognize and pose solutions to resolve issues which may not be in compliance with loan policy or regulatory requirements.
# Process line of credit advances, pay downs, P&I payments and wire transfers.
# Train, teach and mentor other commercial real estate administrators
# Create and maintain credit files, prepare correspondence, copy and file documents.
# Assist all loan officers and credit analysts in basic administrative duties or special projects.
# Prepare, copy and distribute daily overdraft reports, memo's correspondence, etc. as directed.
# Performs other duties as assigned.




Responsibilities for offices with small builder activity:
# Review contractor/owner's statements to determine if draw request is appropriate and loan is in balance based on current and previous draw requests. Submit draw request to lender for review and approval.
# Order inspection reports and submit report to lender for review
# Obtain date down endorsements from Title Company.
# Complete all forms to fund draw request
# Maintain and update all computer spreads to reflect status of project accurately.


The position responsibilities outlined above are in no way to be construed as all encompassing. Other duties, responsibilities and qualifications may be required and/or assigned as necessary.
Requirements     Hours: 8:30 - 5 p.m. Monday through Friday


Interested in this Job?
Select a profession to see top Jobfox jobs in Chicago.
This profession covers individuals who work in a bank that deals with commercial clients. This includes persons who provide loans/deposit services to commercial clients or provide banking services to other companies. Bank managers, commercial portfolio managers, underwriters etc fall in this category.
This profession covers individuals who work in investment banking or investment management. It covers jobs such as brokerage services, registered sales support, private wealth advisors management, buying and selling in capital markets etc.
This profession covers anyone involved with the back end activities associated with loan processing. This includes the back end paperwork, such as maintaining customer files and completing the required paperwork, as well as the underwriting and funding aspects of granting the loans.
This profession covers individuals who work in a branch of a retail bank. Branch managers and tellers fit well in this profession.
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