Commercial Real Estate Administrator at First Bank Chicago

Job Details Northbrook - NORTHBROOK IL Regular Full-Time $75000.00 - $80000.00 Salary/year StaffDescription This position reports to: SVP/Commercial Real Estate Relationship ManagerBasic FunctionProvide support to the Commercial Real Estate group account officers by preparing loan files and coordinating loan closings with the Loan Operations department. Assist in collecting and monitoring the receipt of customer financial information.Essential Duties1. Assist in closing commercial real estate loansGather necessary information and assemble loan files.Prepare Loan Operations checklists for new loans renewals and modifications.Order and review title insurance flood certification credit reports and other third-party reports and alert account officers to any issues or concerns identified prior to final approval by the account officer.Follow up with Loan Operations and/or account officers on outstanding items.Work with Loan Operations account officers and attorneys to generate and review loan documents and coordinate loan closings.Review Loan Operations line tickler summary when an originated or renewed loan is booked to determine that all Financial Information Reporting & Monitoring requirements from the approved loan application are correctly reflected.2. Monitor receipt of financial informationReview loan accounting system reports to identify financial reporting information that is due or past due. Contact customers to request updated information and notify the account officer of non-response or challenges in obtaining required information.Upon receipt of financial information from customers save to the shared drive and notify Loan Operations & the CRE Administration Officer of receipt.Review operating account covenants.Prepare Financial Tickler Exception Summary tracking tickler exceptions over 30 days past due for review at CRE department meeting.3. Assist with management of client relationshipsRespond to client inquiries.Work with Loan Operations Deposit Operations and Treasury Management to meet clients banking needs.Obtain information from customers that is required to open new deposit account and coordinate account opening with Treasury Management.Serve as liaison between Treasury Management and CRE customers.Complete compliance-related documentation including beneficial ownership and customer identification program.4. Additional departmental dutiesAttend department meetingsAttend training as required5. Participate in CRA activities6. Complete commercial loan projects as assigned by the Senior Vice President of CRENonessential DutiesOther duties as assignedQualifications Knowledge Skills & AbilitiesStrong verbal and written skillsOrganized and detail orientatedKnowledge of real estate lending loan policy loan documentation and regulatory requirementsProficiency in Microsoft Office applications including Excel Outlook and WordAbility to interact with clients in a professional and diplomatic mannerAbility to collaborate with loan officers Loan Operations Credit and Treasury Management to accomplish goalsAbility to multi-task while meeting deadlinesTraining & ExperienceHigh School diploma or GEDAssociates or bachelors degree in Finance Accounting or equivalent related experience2 - 3 years of experience in loan documentation or loan operationsExposure to commercial real estate lending and/or paralegal training helpful CompensationExpected Salary Range: $75000 - $80000annuallySalary will be negotiated based on relevant skills and experience as well as internal equity and alignment with market data.BenefitsFirst Bank Chicago offers a comprehensive benefits package including medical/dental/vision/life insurance; 401(k); paid time off (PTO); and eligibility for an annual bonus. For a complete listing of benefits please visit our website: First Bank Chicago is an Equal Opportunity Employer: disability/veteranCrains Chicago Best Places to Work 2018 I 2019 I 2020 I 2021 I 2022 I 2023 I 2024 I 2025Required Experience:Unclear Seniority Key Skills EAM,Economics,IT Business Analysis,Information Security,Android Development Employment Type : Full-Time Experience: years Vacancy: 1 Monthly Salary Salary: 75000 - 80000