Loan Servicing Officer

People Drive Our SuccessAre you enthusiastic, highly motivated, and have a strong work ethic? If yes, come join our team! At Cathay Bank – we strive to provide a caring culture that supports your aspirations and success. We believe people are our most valuable asset and we proudly foster growth and development empowering you to achieve your professional goals. We have thrived for 60 years and persevered through many economic cycles due to our team members’ drive and optimism. Together we can make a difference in the financial future of our communities.Apply today!What Our Team Members Are SayingVideo Clip 1 Video Clip 2Video Clip 3Learn more about us at cathaybank.comGeneral SummaryThis position will act as a resource for syndicated loans and review of new loan products. Will also be responsible for research, performing callback, reviewing, and approving daily transactional entries, problem solving, participating in special projects, and responding to escalated and more complex requests within Commercial Loan Servicing.Essential FunctionsResearches and resolves most complex internal/external customer questions/discrepancies in loan accounting.Coordinates syndicated and participated activity, including booking new loans and daily transactions with borrowers, internal partners, and other banks, as assigned.Books new loans, modifications, renewals, and extensions.Performs callback and reviews new loans, renewals, extensions, and modifications processed by staff, and inputs index values into IBS.Provides support for loan coding and other questions for bank and regulatory reporting.Reviews Line Sheet and approves Trade Innovations transactions and wire requests pertaining to those requests.Balances and approves daily IBS transaction balance sheets for staff.Monitors Pass-thru accounts to ensure timely clearance.Monitors designated exception items on tickler/tracking report to ensure timely processing.Provides product expertise to all levels of bank personnel.Researches and resolves rate and payment adjustments issues.Communicates clearly and effectively with all levels of positions.Other duties and projects, as assigned.QualificationsExperience: 3-5 years of experience in commercial loan servicing or relevant commercial and real estate administration industry.Education: Requires a bachelor’s degree or equivalent experience.Skills/AbilitiesMust be able to manage workflow effectively with frequent interruptions and changing priorities.Ability to work in a fast-paced environment while maintaining a high level of accuracy.Strong problem-solving and organizational skills. Strong written and verbal communication skills. Bilingual (Mandarin or Cantonese) is a plus.Strong analytical and problem-solving skills.Strong loan administration experience with knowledge of letters of credit, borrowing based lending, multi-phased construction, and multiple collateral properties. Thorough knowledge of commercial finance, documentation, accounting, and data systems.Ability to work effectively with individuals and groups across the company to manage internal and external customer relationships.PC literate, proficiency with MS Office.Other Details$36.06 – $40.63 / hourPay 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 is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes, coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) 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 Privacy Policy.Cathay Bank is an Equal Opportunity and Affirmative Action Employer. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex (including pregnancy and related medical conditions, childbirth and breastfeeding), reproductive health decision-making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law.Click here to view the “Know Your Rights: Workplace Discrimination is Illegal” Poster:Poster- EnglishPoster- Spanish Poster- Chinese TraditionalPoster- Chinese SimplifiedCathay Bank endeavors to make www.CathayBank.comaccessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact, Mickey Hsu, FVP, Employee Relations Manager, at (626) 582-7370 or mickey.hsu@cathaybank.com. This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.