VP - Commercial Loan Servicing Manager at Flagstar Bank in Oak Ridge, NJ
Key
Responsibilities:
Accountable for all team functions related to documentation, quality and control, booking of loans, funding and ongoing account set-up and maintenance, escrow analysis, reconciliations, taxes and insurance. Manages team of junior managers. Interviews and identifies top talent for direct report. Evaluates team's performance; coach and motivate team to top performance Develops strategy and set team goals. Plays and active role in team hiring, promotions, transfers, terminations etc. of employees. Maintains a well-trained, highly motivated team. Builds and maintains a high-performance culture with discipline around quality, compliance, issue identification and risk mitigation. Supervises the department work flow to ensure deadlines are met. Maintains a high level of productivity. Works with long term projects specific to testing, automation or deployments with collaborative efforts specific to Project Management, Systems Specialist and Loan Application Support. Collaborates with Loan Operations Manager during department and Bank wide projects/goals to ensure proper coverage and deadline are established for proper completion. Must comply with BSA/AML/OFAC regulations and guidelines. Interacts with auditors, loan review, compliance and examiners to assist as necessary. Follows-up and corrects items as addressed to ensure the necessary changes or recommendations have been implemented as directed. Determines key areas for automation and collaborate as appropriate to develop a plan for process and control improvements. Performs any other related duties as required or assigned. Requirements Bachelor's Degree with 7 years of experience in Commercial Loan Servicing, Loan Operations or Loan Administration including processing and compliance. Minimum of 5 years in related management and leadership position. Proven ability to effectively communicate (both written and verbally) with internal and external customers. Works collaboratively with departmental teams to achieve desired results. Proven knowledge of commercial loan products (i.e. Syndicated, Agented, Direct, Participations, Assignments, Construction Loans and Letters of Credit). Ability to train and develop a highly engaged and top performing team. Ability to manage sensitive situations and exhibits strong leadership qualities. Ability to delegate and empower a team while coaching and offering development opportunities. Experience working in high-growth, dynamic, quickly changing environments. An expert in the life of loan events including payment applications, payoffs, charge-offs, recoveries and modifications of loans. In-depth knowledge of internal lending functions, systems, policies and procedures. Excellent communication skills and professionalism. Ability to identify issues and solve problems in a timely manner. Ability to gather and analyze information and develop alternative/creative solutions. Ability to work and make decisions in a fast-paced environment. Must be bondable.
Salary Range:
$200K -- $250K
Minimum Qualification
Banking, Loans & InsuranceEstimated Salary: $20 to $28 per hour based on qualifications.
Responsibilities:
Accountable for all team functions related to documentation, quality and control, booking of loans, funding and ongoing account set-up and maintenance, escrow analysis, reconciliations, taxes and insurance. Manages team of junior managers. Interviews and identifies top talent for direct report. Evaluates team's performance; coach and motivate team to top performance Develops strategy and set team goals. Plays and active role in team hiring, promotions, transfers, terminations etc. of employees. Maintains a well-trained, highly motivated team. Builds and maintains a high-performance culture with discipline around quality, compliance, issue identification and risk mitigation. Supervises the department work flow to ensure deadlines are met. Maintains a high level of productivity. Works with long term projects specific to testing, automation or deployments with collaborative efforts specific to Project Management, Systems Specialist and Loan Application Support. Collaborates with Loan Operations Manager during department and Bank wide projects/goals to ensure proper coverage and deadline are established for proper completion. Must comply with BSA/AML/OFAC regulations and guidelines. Interacts with auditors, loan review, compliance and examiners to assist as necessary. Follows-up and corrects items as addressed to ensure the necessary changes or recommendations have been implemented as directed. Determines key areas for automation and collaborate as appropriate to develop a plan for process and control improvements. Performs any other related duties as required or assigned. Requirements Bachelor's Degree with 7 years of experience in Commercial Loan Servicing, Loan Operations or Loan Administration including processing and compliance. Minimum of 5 years in related management and leadership position. Proven ability to effectively communicate (both written and verbally) with internal and external customers. Works collaboratively with departmental teams to achieve desired results. Proven knowledge of commercial loan products (i.e. Syndicated, Agented, Direct, Participations, Assignments, Construction Loans and Letters of Credit). Ability to train and develop a highly engaged and top performing team. Ability to manage sensitive situations and exhibits strong leadership qualities. Ability to delegate and empower a team while coaching and offering development opportunities. Experience working in high-growth, dynamic, quickly changing environments. An expert in the life of loan events including payment applications, payoffs, charge-offs, recoveries and modifications of loans. In-depth knowledge of internal lending functions, systems, policies and procedures. Excellent communication skills and professionalism. Ability to identify issues and solve problems in a timely manner. Ability to gather and analyze information and develop alternative/creative solutions. Ability to work and make decisions in a fast-paced environment. Must be bondable.
Salary Range:
$200K -- $250K
Minimum Qualification
Banking, Loans & InsuranceEstimated Salary: $20 to $28 per hour based on qualifications.
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