Credit Administration Officer

Come work with us:

Metropolitan Commercial Bank (the "Bank") is a full-service commercial bank based in New York City. The Bank provides a broad range of business, commercial, and personal banking products and services to individuals, small businesses, private and public middle-market and corporate enterprises and institutions, municipalities, and local government entities.

Metropolitan Commercial Bank was named one of Newsweek's Best Regional Banks and Credit Unions 2024. The Bank was ranked by Independent Community Bankers of America among the top ten successful loan producers for 2023 by loan category and asset size for commercial banks with more than $1 billion in assets. Kroll affirmed a BBB+ (investment grade) deposit rating on January 25, 2024. For the fourth time, MCB has earned a place in the Piper Sandler Bank Sm-All Stars Class of 2024.

Metropolitan Commercial Bank operates banking centers and private client offices in Manhattan, Boro Park, Brooklyn and Great Neck on Long Island in New York State.

The Bank is a New York State chartered commercial bank, a member of the Federal Reserve System and the Federal Deposit Insurance Corporation, and an equal housing lender. The parent company of Metropolitan Commercial Bank is Metropolitan Bank Holding Corp. (NYSE: MCB).

Position Summary:

The Credit Administration Officer plays a key role in supporting the underwriters and lenders with loan closing and post-closing tasks. The Credit Administration Officer works in collaboration with the overall Credit Administration and the Credit department to efficiently support all matters for the loan closing process as well as Credit related tasks.

The Credit Administration Officer Provides support for loan origination requests from underwriters such as OFAC search requests, Flood certifications, Litigation and lien searches and Appraisals. Monthly submission for the FRB and FHLB loan pledge programs. Post-closing review of legal documents for the CRE and C&I departments. Review of covenant and reporting requirements using Baker Hill software.

We have a flexible work schedule where employees can work from home one day a week.

Essential duties and responsibilities:

• Monthly review / update / submission for FRB and FHLB loan pledge programs and associated maintenance
• Ensure all required loan documents are properly maintained for the FRB and FHLB loan pledge programs
• Post-closing review for discrepancies between loan documents and credit approval.
• Maintain vendor relationship for off-site legal documentation file. archives
• Quarterly Appraisal logs and Flood monitoring logs for compliance review
• Weekly monitoring for Reg B appraisals via report from Mountainseed (for 1-4 units, residential condo or co-op)
• Preparation for Credit Committee - Credit Committee Agenda (upload to Diligent system along with loan packages, draft minutes)
• Weekly Payments made for board directors in Concur system
• Weekly upload of Officer Approved loans to Diligent system
• Due Diligence requests - OFAC, Lexis Nexis, soft pull, hard pulls, lien & litigation searches and flood certs
• Credit memo stamping after review and being approved by Credit Administration team
• Update policy and procedures associated with daily responsibilities (as needed)
• Maintenance of file room for loan pledged files and closed loan files
• Appraisal and environmental assignments via MountainSeed vendor and outside Mountainseed
• Iron Mountain file requests from teams as well as sending loan files offsite to Iron Mountain
• Assist with compliance audits (OFAC , flood, term sheet, etc.)
• UCC Lien process for continuations as well as ensuring that all filings for new loans are being properly tracked
• Projects assigned by the Credit Administration Director

Required knowledge, skills and experience:

• Excellent communication and interpersonal skills.
• Organization, and time management skills required.
• Proficiency in Microsoft Word and Excel

Preferredknowledge, skills and experience:

• Experience with CRE and C&I legal docs and loan files
• Experience with commercial closings
• Knowledge of AFS and Baker Hill preferred

Potential Salary: $65,000 - $75,000 annually

This salary range reflects base wages and does not include benefits, bonus, or incentive pay. Salary bands are purposefully wide ranging to encompass the different factors considered in determining where a candidate falls in the range, including but not limited to, seniority, performance, experience, education, and any other legitimate, non-discriminatory factor permitted by law. Final offer amounts are determined by multiple factors including candidate experience and expertise and may vary from the amounts listed here.

Metropolitan Commercial Bank provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.

This applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.