Description
Company Overview: Peapack Private Bank & Trust is a leader in wealth, lending and deposit solutions. At Peapack Private, our clients are cared for by a single point of contact and are served by empowered employees who consistently go above and beyond to provide exceptional service and offer a boutique private banking experience. What makes Peapack Private different? We are an institution that has always believed in putting the well-being and needs of our employees and our clients first. We are proud to be recognized for the seventh consecutive year by American Banker as one of the "Best Banks to Work For" across the nation. In addition, we were selected as Crain's Best Places to work in NYC for our inaugural year, 2024. Our secret sauce in one word is our 'culture'. At Peapack Private, we value a diverse and inclusive workspace, deeply committed to growing leaders at all levels of the organization thorough mentorship, career pathing, and professional development. There are multiple ways to build relationships and get involved - from joining our Cultural Ambassador Committee focused on areas like Wellness, Fun, Inclusion, or Environmental Awareness - to involvement in community service activities through Volunteerism. Said quite simply, the culture and the people who work here are amazing! Position Overview: This role is responsible for Post-Closing Loan administration of Commercial, SBA, Residential and/or Consumer Loans. Key Responsibilities:
- Post close booking and review for all business lines Commercial (C&I, CRE/Multifamily, Community Banking, SBA), Residential and Consumer.
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- Process on-going loan servicing for all business lines (advances, paydowns, interest payments, rate changes, credit risk rating, payoffs, reversals, audit confirmation etc.)
- Process on-going servicing activity for Commercial agented and participated loans including C&I agent notice processing and/or Swap processing.
- Process Loan Assignments
- Prepare SBA Colson Reporting and respond to inquiries
- Monitor all reconciliation, suspense, exceptions, and past dues for assigned portfolios
- Monitor quarterly and monthly fees including unused line fees and letter of credit fees
- Customer Service (respond to internal and external inquiries)
- Administer Annual Escrow Analysis and all related processes including internal and external inquiries
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- Prepare and Review all Loan Operations Reconciliations
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- Ability to transfer knowledge to other team members (i.e. training)
- Accountable to book, review and service loans in accordance with documented policies and procedures
- Support management with various projects and audit requests
Qualifications:
- Bachelor's degree in business Related Field required
- Minimum 5-8 years working in a Commercial Loan Operations Department
- Strong understanding and ability to read and interpret Commercial Lending Credit Agreements, including but not limited, to agented and participated loans.
- Strong understanding of Loan Operations SOX controls and risk mitigation
- Strong communication skills
- Strong client interaction skill set
- Detail oriented
- Superior multi-tasking skills
- Experience with basic office programs and equipment including Microsoft Office
Desired
- Knowledge of Jack Henry System Silverlake a plus
- Knowledge of Synergy and Synergy Capture a plus
- Knowledge of Syntraks a plus
Benefits Overview: We offer a competitive compensation package, a generous paid time off program, comprehensive medical, dental and vision coverage, maternity/paternity leave, a hybrid work environment (for most roles), education reimbursement, wellness programs and more. We also offer participation in an Employee Stock Purchase Program and a 401K with a generous match. The approximate pay range for this position is $68,400 to $95,000, plus an opportunity to earn performance-based incentives. Please note that the pay range provided is a good faith estimate for the position at the time of posting. Final compensation may vary based on factors including, but not limited to knowledge, skills and abilities, as well as geographic location. Note: Incentives and/or benefits packages may vary depending on the position.
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Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws.
For further information, please review the Know Your Rights notice from the Department of Labor.
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Peapack-Gladstone Bank
paid time off, tuition reimbursement, 401(k)
Jun 24, 2025