Commercial Loan Servicing Specialist

POSITION: COMMERCIAL LOAN SERVICING SPECIALIST

Summary:

At
Cambridge Savings Bank, our purpose is to have a positive impact on our
customers, employees, and community's financial well-being. We are
committed to exceeding expectations and having a strong commitment to diversity
and inclusion. Provides operational and servicing support to the
Commercial Lending areas of the Bank, including Commercial Real Estate,
Commercial and Industrial, Asset Based Lending, and Small Business. This includes review of existing information
in core platform (Fiserv/DNA), boarding new loans and maintaining existing
loans. Provides exceptional customer service to both internal colleagues and
external customers.

Key Result Areas:

• Responsible for timely and accurate boarding and maintenance of all new and existing Commercial and Industrial, Commercial Real Estate, Asset Based Lending, and Small Business loans in the Bank's core, while adhering to Bank policy and the terms and conditions set forth in the Loan Approval.This includes modifications, renewals, extensions, increases, participation loans, SWAP loans, Letters of Credit, and Bonds.

• Performs accurate processing of monthly SWAP payments. Ensures all SWAP remittances are compared to the amortization schedule, and that wires are sent to the appropriate counterparty.

• Prepare and distribute various reports to colleagues and management, including the New Loan Production Report, Past Due Report, Maturity Report, and Note Listing.

• Work closely with the Commercial Loan Administration team and Commercial Loan Officer to ensure loans are reflected accurately on the core.

• Reconcile and prepare various general ledger accounts and perform research when necessary.

• Prepare and circulate payoff documentation, including collateral release forms, Mortgage Discharges, and Partial Releases.

• Monitor and work daily exception reports, such as unapplied transactions, autopayment rejects, and tickler reports.

• Assist in the management of the Bank's participation portfolio, including funding, tracking of payments received, sending remittances, and responding to questions of partner banks.

• Perform additional duties as required

Qualifications:

• Bachelor's Degree in accounting, finance, or business management preferred.

• Two to four years of banking experience preferred, teller experience a plus.

• Strong organizational
  and computer skills, including Microsoft Office.

• Exceptional attention to detail, with the ability to meet critical deadlines with limited supervision in a fast-paced environment.

• Exceptional oral and written communication skills, utilized to strengthen customer and business partner relationships

The above description covers the most significant responsibilities but does not exclude other occasional responsibilities and accountabilities, the inclusion of which would be in conformity with the major purpose of this job.

Location:

Waltham, Massachusetts

About Cambridge Savings Bank:

Cambridge Savings Bank is a full-service financial institution with approximately $5 billion in assets that is committed to improving the quality of life in the communities it serves. One of the oldest and largest community banks in Massachusetts, Cambridge Savings Bank offers a full line of individual and business banking services and has branches located in Arlington, Bedford, Belmont, Burlington, Cambridge, Charlestown, Concord, Lexington, Melrose, Newton, and Watertown.

Cambridge Savings Bank is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law. We are a VEVRAA Federal Contractor.