Commercial Loan Administrator

Sovereign Bancorp, Inc., ("Sovereign") (NYSE: SOV), is the parent company of Sovereign Bank, a financial institution with $85 billion in assets as of December 31, 2007 with principal markets in the Northeast United States. Sovereign Bank has 750 community banking offices, over 2,300 ATMs and approximately 12,000 team members.  Sovereign offers a broad array of financial services and products including retail banking, business and corporate banking, cash management, capital markets, wealth management and insurance. Sovereign is the 19th largest banking institution in the United States.  For more information on Sovereign Bank, visit or call 1-877-SOV-BANK.

 

RESPONSIBILITIES:

 

- Act in an advisory specialist capacity with Relationship Manager, Loan Administrators and customers regarding technical issues with all aspects of the Commercial Relationship.

- Determine appropriate course of action and implement for problem resolution.

- Employ extensive knowledge and experience of complex relationships for use in monitoring of the Commercial portfolio.

- Ensure constant compliance to legal, regulatory and credit policies in terms of loan documentation, credit approval and funding.

- Require correction of inconsistencies and monitor resolution.

- Review complex legal documentation for conformity to approval in order to accurately reflect loan system accounting records at set-up, initial funding and subsequent loan activity, including advances, paydowns, repricings, etc. Require correction of inconsistencies and monitor resolution.

- Effectively monitor portfolio risk in terms of delinquencies, maturities and overdrafts.

- Ensure the accuracy of critical data (i.e. risk ratings, non-accruals, pricing, etc.) to effect timely processing and minimize negative impact on the customer or bank.

- Assist less experienced Administrators with work process, policies, procedures and. training.  Review work for accuracy. 

- Perform additional administrative and/or professional responsibilities that are unique to the Line of Business as defined by Commercial Services and Line of Business Management.

 

REQUIREMENTS:

 

-High School Diploma or Equivalent; College Degree Preferred

-3 Years Commercial Loan or Related Banking Experience

- Strong knowledge of the Commercial Line of Business.

- Effective written and oral communication skills.

- Skilled with Microsoft Excel and Word.

- Comfortable with technology.

- Ability to deal effectively with the lending team and other business partners.

- Possess strong organizational skills and ability to handle multiple tasks.

- Strong attention to detail in order to maintain high level of data integrity.

- Advanced knowledge of bank systems to support a commercial portfolio.

 

To apply to this position:

 

Please go to www.sovereignbank.com, select the “About Sovereign” tab, and then select the “Careers” tab. This will take you to a screen where you will select “Employment Opportunities”. Chose the “Advanced Search” and fill in Job ID# 32873. Select the position for which you are applying and please upload OR copy and paste your resume onto the application.