First Bank Chicago
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Commercial Real Estate Administrator
role at
First Bank Chicago
Base pay range $75,000.00/yr - $80,000.00/yr
Basic Function Provide support to the Commercial Real Estate group account officers by preparing loan files and coordinating loan closings with the Loan Operations department. Assist in collecting and monitoring the receipt of customer financial information.
Loan File & Closing Preparation
Gather necessary information and assemble loan files.
Prepare Loan Operations checklists for new loans, renewals, and modifications.
Order and review title insurance, flood certification, credit reports and other third‑party reports and alert account officers to any issues or concerns identified prior to final approval by the account officer.
Follow up with Loan Operations and/or account officers on outstanding items.
Work with Loan Operations, account officers and attorneys to generate and review loan documents and coordinate loan closings.
Review Loan Operations line tickler summary when an originated or renewed loan is booked to determine that all Financial Information Reporting & Monitoring requirements from the approved loan application are correctly reflected.
Monitor Receipt of Financial Information
Review loan accounting system reports to identify financial reporting information that is due, or past due. Contact customers to request updated information and notify the account officer of non‑response or challenges in obtaining required information.
Upon receipt of financial information from customers, save to the shared drive and notify Loan Operations & the CRE Administration Officer of receipt.
Review operating account covenants.
Prepare Financial Tickler Exception Summary, tracking tickler exceptions over 30 days past due, for review at CRE department meeting.
Assist with Management of Client Relationships
Respond to client inquiries.
Work with Loan Operations, Deposit Operations and Treasury Management to meet clients’ banking needs.
Obtain information from customers that is required to open new deposit account and coordinate account opening with Treasury Management.
Serve as liaison between Treasury Management and CRE customers.
Complete compliance‑related documentation including beneficial ownership and customer identification program.
Attend training as required.
Participation in CRA Activities Participate in CRA activities.
Commercial Loan Projects Complete commercial loan projects as assigned by the Senior Vice President of CRE.
Nonessential Duties
Other duties as assigned.
Knowledge, Skills & Abilities
Organized and detail oriented.
Knowledge of real estate lending, loan policy, loan documentation and regulatory requirements.
Proficiency in Microsoft Office applications, including Excel, Outlook, and Word.
Ability to interact with clients in a professional and diplomatic manner.
Ability to collaborate with loan officers, Loan Operations, Credit and Treasury Management to accomplish goals.
Ability to multi‑task while meeting deadlines.
Training & Experience
Associate’s or bachelor’s degree in Finance, Accounting or equivalent related experience.
2–3 years of experience in loan documentation or loan operations.
Exposure to commercial real estate lending and/or paralegal training desired.
Compensation
Expected Salary Range: $75,000 – $80,000 annually.
Salary will be negotiated based on relevant skills and experience as well as internal equity and alignment with market data.
First Bank Chicago offers a comprehensive benefits package including medical, dental, vision, and life insurance; 401(k); paid time off (PTO); and eligibility for an annual bonus. For a complete listing of benefits, please visit our website: https://firstbankchicago.com/Employee-Benefits.
First Bank Chicago is an Equal Opportunity Employer: disability/veteran.
Referrals increase your chances of interviewing at First Bank Chicago by 2x.
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Commercial Real Estate Administrator
role at
First Bank Chicago
Base pay range $75,000.00/yr - $80,000.00/yr
Basic Function Provide support to the Commercial Real Estate group account officers by preparing loan files and coordinating loan closings with the Loan Operations department. Assist in collecting and monitoring the receipt of customer financial information.
Loan File & Closing Preparation
Gather necessary information and assemble loan files.
Prepare Loan Operations checklists for new loans, renewals, and modifications.
Order and review title insurance, flood certification, credit reports and other third‑party reports and alert account officers to any issues or concerns identified prior to final approval by the account officer.
Follow up with Loan Operations and/or account officers on outstanding items.
Work with Loan Operations, account officers and attorneys to generate and review loan documents and coordinate loan closings.
Review Loan Operations line tickler summary when an originated or renewed loan is booked to determine that all Financial Information Reporting & Monitoring requirements from the approved loan application are correctly reflected.
Monitor Receipt of Financial Information
Review loan accounting system reports to identify financial reporting information that is due, or past due. Contact customers to request updated information and notify the account officer of non‑response or challenges in obtaining required information.
Upon receipt of financial information from customers, save to the shared drive and notify Loan Operations & the CRE Administration Officer of receipt.
Review operating account covenants.
Prepare Financial Tickler Exception Summary, tracking tickler exceptions over 30 days past due, for review at CRE department meeting.
Assist with Management of Client Relationships
Respond to client inquiries.
Work with Loan Operations, Deposit Operations and Treasury Management to meet clients’ banking needs.
Obtain information from customers that is required to open new deposit account and coordinate account opening with Treasury Management.
Serve as liaison between Treasury Management and CRE customers.
Complete compliance‑related documentation including beneficial ownership and customer identification program.
Attend training as required.
Participation in CRA Activities Participate in CRA activities.
Commercial Loan Projects Complete commercial loan projects as assigned by the Senior Vice President of CRE.
Nonessential Duties
Other duties as assigned.
Knowledge, Skills & Abilities
Organized and detail oriented.
Knowledge of real estate lending, loan policy, loan documentation and regulatory requirements.
Proficiency in Microsoft Office applications, including Excel, Outlook, and Word.
Ability to interact with clients in a professional and diplomatic manner.
Ability to collaborate with loan officers, Loan Operations, Credit and Treasury Management to accomplish goals.
Ability to multi‑task while meeting deadlines.
Training & Experience
Associate’s or bachelor’s degree in Finance, Accounting or equivalent related experience.
2–3 years of experience in loan documentation or loan operations.
Exposure to commercial real estate lending and/or paralegal training desired.
Compensation
Expected Salary Range: $75,000 – $80,000 annually.
Salary will be negotiated based on relevant skills and experience as well as internal equity and alignment with market data.
First Bank Chicago offers a comprehensive benefits package including medical, dental, vision, and life insurance; 401(k); paid time off (PTO); and eligibility for an annual bonus. For a complete listing of benefits, please visit our website: https://firstbankchicago.com/Employee-Benefits.
First Bank Chicago is an Equal Opportunity Employer: disability/veteran.
Referrals increase your chances of interviewing at First Bank Chicago by 2x.
#J-18808-Ljbffr