Loan Assistant

Join Our Team At Cathay Bank

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. Apply today!

General Summary

Under supervision and following established policies and procedures, assist loan officers in the preparation and analysis of loan requests and renewals, and provide administrative assistance to the department within the essential functions listed below.

Essential Functions

• Order reports including appraisal, environmental, credit search and other related reports as required.
• Assist with preparation of loan package including new loans, renewals and amendments.
• Create and set up deals in Loan Origination System while scanning and uploading necessary information.
• Assist loan officers in preparing credit memo, credit reports and any other memo or waiver request as needed for approval.
• Coordinate the signing of loan documents and collection of other pre-closing items with customer and loan support officer for loan closing.
• Prepare and distribute routine reports in a timely manner.
• Assist with various account monitoring activities and handle customer inquiries.

Qualifications

• Education: College degree in accounting or business preferred.
• Experience: 1-2 years' experience in loan administration preferably in commercial lending.
• Skills/Ability: PC proficient and detail oriented. Good understanding of CRE underwriting guidelines and financial statements. Good verbal and written communication skills. Bilingual (English/ Mandarin or Cantonese) is a plus. Good problem-solving skills. Ability to work in a fast pace environment. Good time management and organizational skills.

Other Details

$20.00 – $25.00 / 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 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.