Loan Assistant

People Drive Our Success

Are you enthusiastic, highly motivated, and have a strong work ethic? If yes, come join our team! At Cathay Bank – we strive to provide a caring culture that supports your aspirations and success. We believe people are our most valuable asset and we proudly foster growth and development empowering you to achieve your professional goals. We have thrived for 60 years and persevered through many economic cycles due to our team members’ drive and optimism. Together we can make a difference in the financial future of our communities.

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General Summary Under some supervision and following established policies and department procedures, provide loan support to the assigned Loan Officers.

Essential Functions

• Order and/or update the appraisal report, title premium or date down, environmental report, and field audit request prior to new loan entry into nCino or line renewal/amendment.
• Collect and input data, loan structures, covenants, and borrower’s information to nCino for new loan/renewal/annual review/amendment/modification as assigned by the account officer before circulating to underwriting.
• Assist with loan documentation review for accuracy with loan approval.
• Upload loan documentation files and other due diligence files into nCino and shared team folder.
• Prepare routine portfolio or other reports for the designated officer.
• Assist with various account monitoring activities including following up on financial reporting, exception items, and past due loan collection with borrowers.
• Coordinate and circulate ticklers and other internal reporting to Account Officer, team manager and/or senior management for approval.
• Coordinate past due insurance tracking and follow-up with insurance agent for renewal. Upon receipt of the updated insurance, circulate to appropriate team members.

Qualifications

• Education: College degree in accounting or business preferred but not mandatory.
• Experience: 1-2 years’ experience in loan administration preferably in commercial lending. Some underwriting experience.
• Skills/Ability: PC proficient and detail oriented. Strong verbal and written communication skills. Bilingual (English/ Mandarin or Cantonese) is a plus.

Other Details to $20.82-26.92/hour

Pay determined based on job-related knowledge, skills, experience, and location.

This position may be eligible for a discretionary bonus.

Cathay Bank offers its full-time employees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes, coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k).

Cathay Bank may collect personal information from potential job candidates and applicants. For more information on how we handle personal information and your applicable rights, please review our California Job Applicant Privacy Policy.

Cathay Bank is an Equal Opportunity and Affirmative Action Employer. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex (including pregnancy and related medical conditions, childbirth and breastfeeding), reproductive health decision-making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law.

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Cathay Bank endeavors to make www.CathayBank.com accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact, Mickey Hsu, FVP, Employee Relations Manager, at (626) 582-7370 or [email protected]. This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.