TIAA Commercial Construction Loan Closing and Servicing Manager in Redmond, Washington
As a part of TIAA’s Financial Solutions business, TIAA Bank, a division of TIAA, FSB, provides full-service, nationwide banking and lending services to consumer, commercial and institutional clients through a variety of channels, including online, its Florida-based financial centers and at other business offices throughout the country.
Commercial Bank Operations Manager
The Commercial Bank Operations Manager oversees a team of loan processing clerks and professionals. This job manages all facets of loan processing including origination, processing, and closing. While setting goals and objectives for Commercial team members for the achievement of operational results, this job identifies and resolves issues related to the processing and management of loan applications and related documentation and ensures compliance with bank and state policies, laws and regulations.
Key Responsibilities and Duties
Oversees the day-to-day operations of the middle and back office of consumer and commercial banking to ensure efficiency and compliance with internal and external policies.
Provides leadership, coaching, and process improvement initiatives that are necessary to improve the operational efficiency of all commercial businesses.
Defines/enhances workflow improvements, including establishing quality assurance standards, expediting problem resolution, and maintaining production throughput.
Works closely with other departments, such as branch banking to identify the business opportunities and improvements of bank commercial operation.
Reviews commercial operation documentation and materials regularly to ensure compliance with banking policies and regulations.
Ensures compliance with corporate and regulatory procedures (e.g., Know Your Customer, Anti-Money Laundering, Fraud Prevention, etc.) by implementing and monitoring operational processes.
5 Years Required; 7 Years Preferred
University (Degree), Preferred
- Physical Requirements: Sedentary Work
- University (Degree)
This position is responsible for managing the closing and ongoing administration of Commercial Construction loans, Community Reinvestment Act (“CRA”) loans, and affiliate Construction Escrow Accounts (“CEA”); providing loan modification support for the Bank’s CRE run-off portfolio on Metavante; and assisting with CRE funding review activities and departmental projects as needed.
Manage the daily activities of the various CRA, CEA and Construction loan activities
Responsible for the review of new draft Construction Escrow Agreements and provide comments to internal legal for necessary changes/edits
Work with Business Banking Relationship Manager pre-closing and post-closing for Construction Escrow Agent related items (fee invoices, authorized signer signature cards, Escrow account or related party questions)
Responsible for reviewing and approving CEA disbursement wires for processing
Responsible for CEA reporting requirements to management
Coach team for high performance to provide an exceptional customer experience, and conduct employee evaluations, establish team goals, make salary recommendations and develop staff
Create department procedures and guidelines and coordinate changes and staff training in a to legal, bank policy, and regulatory requirements
Develop process controls and key performance indicators and manage exceptions to ensure compliance with relevant procedures and regulations
- 5 or more years of commercial real estate loan closing and/or servicing experience
Bachelor’s Degree in business-related discipline or equivalent work experience preferred
Supervisory/leadership experience preferred
Thorough knowledge of commercial loan servicing processes
Knowledge of commercial loan legal and regulatory compliance
Knowledge of commercial construction loan documents, procedures, and administration a plus
Expert customer relationship, interpersonal, negotiation and problem-solving resolution skills necessary
Excellent analytical, problem solving and general loan accounting skills
Excellent verbal & written communication skills
Proficiency in Microsoft Office products
Potential Salary: $136,500.00 USD
Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans).
The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. That’s why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being. To learn more about your benefits, please review our Benefits Summary (https://www.tiaa.org/public/pdf/benefits-at-a-glance.pdf) .
We are an Equal Opportunity/Affirmative Action Employer. We consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other protected status.
Read more about the Equal Opportunity Law here (https://www.dol.gov/general/topics/posters) .
TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities.
If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team:
Phone: (800) 842-2755
For residents of California, please click here (https://www.tiaa.org/public/tiaa-nuveen-ca-privacy) to access the TIAA CA Applicant Privacy Notice.
For residents of the EU / UK, please click here (https://www.tiaa.org/public/nuveen-eu-uk-privacy) to access the EU / UK Pre-employment Notice.
For all other residents, click here (http://www.tiaa.org/public/tiaa-nuveen-privacy) to access the Applicant Privacy Notice.
TIAA started out over 100 years ago to help ensure teachers could retire with dignity. Today, many people who work at not-for-profits rely on our wide range of financial products and services to support and strengthen their financial well-being.