Commercial Lending Administrator

SUMMARY/OBJECTIVE:At Northern Bank, assisting small business owners grow their company is our passion. Our commercial lending team is focused on delivering exceptional service throughout the life cycle of a loan. From inception, through underwriting, to the loan closing process, we are committed to operational excellence, superior customer service, and continuing to help business owners succeed and grow.The Commercial Lending Administrator is responsible for preparation, review and finalization of commercial loan documents from approval through closing and funding. This role ensures all loan documentation is accurate, complete, and compliant with internal policies, regulatory requirements, and approved credit terms. The Commercial Lending Administrator works closely with loan officers, credit teams, and legal counsel to facilitate efficient loan closings.ESSENTIAL FUNCTIONS: Prepare and review loan documentation, including promissory notes, loan agreements, security agreements, and other required closing documentsVerify loan approval terms and conditions to ensure accuracy and compliance with credit approvals and underwriting requirementsCollaborate with internal and external departments such as loan officers, credit and legal to resolve documentation, conditions or collateral issues prior to closing to ensure closing readinessReview and approve insurance certificates for proper coverage prior to closingCoordinate loan funding and disbursement with utilization of settlement statements and legal invoicesPreparation of Modification Documents on existing loansMaintain and manage closing checklists to track completion of required documents, approvals and conditionsMonitor pipeline reports to ensure transactions are completed within required deadlinesPerform additional ad hoc duties as requestedJOB QUALIFICATIONS: Bachelor's degree in Finance, Business Administration, Accounting or a related field or a minimum of 2-5 years' experience in Commercial Lending Operations and/or Paralegal is preferredThorough understanding of commercial documentation, credit memos and closing processExperience with commercial real estate, construction loans, or complex lending transactions is preferredExcellent attention to detail and document review skillsStrong problem-solving and analytical skillsAbility to stay well organized and prioritize workflow in a multi-tasking environmentAbility to work independently as well as in collaboration with a teamExperience with nCino/Salesforce is desirableProficient computer skills, including the ability to work efficiently with loan processing systemsAdvanced proficiency in Microsoft Office products, including Microsoft Word, Excel, and OutlookThe hourly rate range for the Commercial Lending Administrator is $30.00 to $39.00 per hour About Northern Bank & Trust CompanyNorthern Bank is a full-service bank dedicated to providing practical, common sense financial solutions to help our customers live their lives and grow their businesses. From deposit products to loans to payment and collections services, we work hands-on with our entrepreneurial customers, both locally and across the country, to provide the financial support they need to realize their personal and business goals. Founded in 1960, Northern Bank has assets of over $3 billion with 12 locations serving communities throughout Middlesex County. Northern Bank is a Member of the FDIC, and an Equal Housing Lender. For more information on online banking services, please visit www.NBTC.com or follow Northern Bank on (/NorthernBankM A/), (@northernbankma), Instagram (@northernbankma) and (company/northern-bank-ma/).Powered by JazzHR