Loan Servicing Audit and Quality Control

Sumitomo Mitsui Banking Corporation (SMBC)
United States, California, Brea
Nov 02, 2024
ABOUT THE ORGANIZATION SMBC MANUBANK was formed by a group of banking entrepreneurs in June 1962. Our scope is to serve the specialized needs of California middle-market businesses, manufacturers, wholesalers, distributors, importers, exporters, and service companies, including small businesses and professionals. The anticipated salary range for this role is between $72,000.00and $85,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees. Our mission is to be "the bank of choice" for middle market and professional service companies by establishing long term customer relationships and loyalty, providing superior products and services through a core of highly skilled and seasoned bankers. To achieve our mission to be the 'bank of choice' for middle market and professional services companies, we are focused on our vision to be the premier California regional business bank that can provide the sophistication and expertise of a larger institution with the personal 'high touch' services of a smaller bank. Specialties: Commercial Loans and Lines of Credit, Asset-Based Financing, SBA Loans, and Specialized Financing, Real Estate Loans, Cash Management Services, International Services SUMMARY: This position is responsible for assisting the business with coordinating internal and external audit engagements by collecting and providing requested documents, and creating and maintaining supporting documentation, as well as ad hoc reporting associated with those engagements. In addition, the position is responsible for performing post boarding quality control reviews of new loan boardings, renewals, modifications, extensions, advances, escrow account disbursements, construction loan disbursements, flood and hazard insurance monitoring, payment processing and other various types of adjustable loan processing on the SMBC MANUBANK loan portfolio which includes, SBA Loans, Commercial RE, Business Loans and Participation/Syndication loans. This position will also be responsible for the quality review of departmental General Ledger (GL) accounts to ensure the quality of the daily and monthly GL balancing. Specialties:Commercial Loans and Lines of Credit, Asset-Based Financing, SBA Loans, and Specialized Financing, Real Estate Loans, Cash Management Services, International Services. DUTIES & RESPONSIBILITIES: Responsible for assisting the business with coordinating internal and external audit engagements by collecting and providing requested documents, and creating and maintaining supporting documentation, as well as ad hoc and monthly reporting associated with those engagements. Responsible for the quality review of: Newly boarded and funded loans on the ACBS loan system Loan extension and modifications Syndication/Participation daily loan transactions, including but not limited to Payments, Disbursements Calculations of Prepayment Penalties Tax Service Contract Orders Insurance monitoring Reconveyances and other collateral releases for paid loans Conduct research necessary to address audit issues, general ledger issues, or quality control issues; resolve, and communicate outcome to appropriate parties. Respond to inquiries received, and initiate contact with others by phone and mail regarding internal and external audit engagements. Responsible for adhering to and complying with all Bank policies and Federal and State banking laws and regulations. Comfortable communicating with parent company, and internal and external auditors. Recognize potential risks and propose solutions for mitigation. Other duties may be assigned. POSITION SPECIFICATIONS: Education:Bachelor's degree or equivalent Skills/ Qualifications: Minimum five years' experience in Commercial Loan Servicing with concentration on Loan Funding & Boarding, preferably with knowledge of C&I loans, Commercial Real Estate, SBA & Syndication Loans. Working knowledge of Commercial Loan documentation, loans systems, operations and general ledger accounting Superb organizational skills and detail oriented Highly proficient PC skills including MS Excel and Word Must be able to plan and monitor activities according to priorities and multi-task. Ability to work independently within the scope of responsibilities for the position and completes assignments in a timely manner. EOE STATEMENT We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law. CCPA DISCLOSURE Personal Information Collection Notice: This notice contains information under the California Consumer Privacy Act (CCPA) about the categories of personal information (PI) of California residents that SMBC MANUBANK collects and the business or commercial purpose(s) for which the PI may be used. We do not sell PI. More information about our collection and use of PI may be found in our CCPA Privacy Policy at https://www.smbcmanubank.com/privacy/ccpa-disclosure. Persons with disabilities may contact our Customer Contact Center toll-free at (877) 560-9812 to request the information in this Notice in an alternative format.