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> LOAN ADMINISTRATOR
Reports to VP of the Lending Division
About Romano Capital
At the heart of our organization lies a commitment to preserving capital and building wealth in every fund, loan, and project. Our mission is to deliver positive risk-adjusted returns in real estate, driven by a vision to become the trusted leader in real estate investments within our targeted markets. We are dedicated to consistently delivering value and prosperity to our investors, regardless of changing market conditions. Our philosophy is deeply rooted in four core values: an investor-centric approach, comprehensive risk mitigation, transparency, and ethical conduct. By aligning our investment management with our investors’ goals, utilizing strategic risk management, maintaining open communication, and upholding the highest standards of professionalism and integrity, we strive to ensure the resiliency and success of our investments.
Romano Development, an affiliate of Romano Capital, delivers on well positioned, well planned, real estate projects that support our mission to provide positive returns to our investors. With a focus on residential development across the spectrum of product types, our team executes subdivision, multi-family, master planned, build to rent and build to sale projects efficiently and with a high standard of attention to detail.
Summary
Provides administrative support to the VP of Lending while also completing loan administrative duties and other day to day loan transaction duties. Responsible for management of all records for maintenance of the company’s loan portfolio and is responsible for the life cycle of the loan process. This position requires a complete understanding of the NLS loan system and its interface with the accounting system. Serves as the primary liaison with the accounting department. Communicates internal/external client requirements and maintains high quality client service standards. A high degree of accuracy and depth of knowledge of loan accounting required.
> JOB DESCRIPTION
Duties / Responsibilities
The following are routine functions, responsibilities and duties expected of the Loan Administrator:
• Reviews and processes all payments received from clients, to include preparing deposits to the company bank account, accounting for same in the NLS loan system.
• Processes ACH transactions involving payments from clients and refunds.
• Sets up and processes construction loan advances in coordination with the VP of Lending via wire templates that must be maintained and kept current to ensure the accuracy of the loan.
• Sets up new construction loans in the NLS system.
• Maintains files for loans, tracks the storage location of historical loan records and monitors for retention.
• Calculates and prepares payoff statements on loans, including assisting the VP of Lending with construction loan payoffs as needed or in the VP’s absence to ensure accurate loan accounting.
• Maintains a complete understanding of the NLS loan system and acts as a subject matter expert to other users. Keeps the lending staff and management apprised of updates and enhancements as needed.
• Updates interest rates daily.
• Responsible for reconciliation of the bank account.
• Prepares and weekly and monthly and reports for management and accounting department.
• Assists the VP of Lending with loan documentation as needed.
• Assists the VP of Lending with Reconveyances and Flood Determinations
• Prepares annual 1099 tax reporting on loans to ensure compliance.
• Performs copying and filing as needed
• Other duties as assigned.
Qualifications
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education & Experience
• Associate degree (A. A.) or equivalent from two-year college or technical school; or eight to ten years related experience and/or training; or equivalent combination of education and experience.
• Knowledge of general accounting principles.
Required Skills / Abilities
• Ability to work independently to organize projects, priorities and time management.
• Critical level of attention to detail.
• Excellent verbal and written communication skills.
• Computer literacy, specifically with Microsoft Office products (Excel, PowerPoint, Word) and data entry abilities.
• Possess strong decision-making and problem-solving skills.
• Ability to multi-task in a fast-paced environment.
• Ability to maintain and display a high degree of professionalism in the workplace.
Language Skills
Ability to read, analyze and interpret common professional journals, financial reports, and legal documents; Ability to respond to common inquiries or complaints from customers, regulatory agencies, or members of the business community; Ability to write correspondence that conforms to prescribed style and format; Ability to effectively present information to top management, public groups, and/or boards of directors.
Mathematical Skills
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages; Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.
Reasoning Ability
Ability to define problems, collect data, establish facts and draw valid conclusions; Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists; Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.
Internal Contacts
This position has contact with: Senior and Executive Management officers or officials, which involves convincing those contacts to cooperate, grant approval, or act; managers, professional employees or program administrators, which involves explanation and discussion of complex information through the use of human relations skills, and contact with non-managerial employees, which involves the exchange of information.
External Contacts
This position may have contact with clients, clerical, production and service employees, which may involve convincing those contacted to cooperate or act.
Romano Capital’s Culture
- Ethical Conduct: We uphold professionalism and honesty in everything we do.
- Servant Leadership: We support, empower, and enable the success of others; demonstrate responsibility towards the growth and improvement of every team member.
- Continual Improvement: We embrace learning from mistakes and prioritize progression before perfection.
- Stewardship: We fulfill our duty towards investors by safeguarding their investments and swiftly addressing any issues.
- Enjoyment and Culture: We foster a flat organizational structure with open communication, trust, and a balance between work and leisure. We prioritize respect and compatibility among team members.
- Collaboration: We refine processes, encourage teamwork, and leverage collective intelligence to achieve superior results.
- Entrepreneurial Spirit: We embrace adaptability and innovation to stay nimble in a changing market landscape.
- Fiduciary Responsibilities: We execute tasks with precision while remaining flexible to adapt to evolving market conditions.
- Community Responsibility: We enhance the community through ethical employment practices, responsible lending, and respectful engagements.
- Family Values: We prioritize relationships and the well-being of employees.
Physical Requirements
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
• Prolonged periods sitting at a desk and working on a computer
• Must be able to lift up to 25 pounds at a time
Benefits
• 401k company match plan
• Health benefits package (including voluntary vision & dental)
• 8 company paid holidays
• Sick leave
• 2 weeks of Paid Time Off
Compensation Range
$60,000 – $75,000 per year
