Commercial Loan Servicing Analyst

Main Street Bank
Marlborough, MA
Job Description
Role Overview

The Commercial Loan Servicing Analyst is responsible for the administration, maintenance, and servicing of the Bank's commercial loan portfolio. This role serves as a subject matter expert for commercial loan servicing functions and is responsible for ensuring the accuracy, integrity, and compliance of servicing activities throughout the life cycle of commercial loans.

What You Will Do

The Commercial Loan Servicing Analyst will perform a variety of analytical, operational, and customer-facing responsibilities, including loan maintenance, payment processing, escrow administration, reporting tracking, system reconciliations, participation loan servicing, and problem resolution.

Why It Might Be a Fit

The position requires strong analytical skills, attention to detail, sound judgment, and the ability to manage multiple priorities while maintaining a high level of accuracy and customer service. The Commercial Loan Servicing Analyst is expected to support department initiatives, recommend process improvements, mentor less experienced team members, and contribute to the Bank's sales and service culture.

Requirements

  • Associate's degree in Business, Finance, Accounting, Banking, or a related field preferred; equivalent work experience may be considered.
  • Minimum 10 years of experience in commercial loan servicing, loan operations, commercial banking, or a related financial services role.
  • Demonstrated knowledge of commercial lending products and loan servicing processes.
  • Experience in analyzing complex data, and processes to identify issues, and recommend solutions.
  • Strong understanding of commercial loan documentation, servicing practices, and regulatory requirements.
  • Good working knowledge of core systems as well as data processing systems required (COCC, Encompass, Salesforce preferred)

Benefits

  • Hybrid work arrangement with consistent availability expected during core business hours and agreed upon number of days per-week/month on site.
  • Reliable internet connection with adequate bandwidth to join Teams and other video calls.
  • Access to a dedicated workspace that is free from distraction and provides adequate light to be regularly visible on video calls.
]]>