Commercial Loan Administrator

Job overview

The Commercial Loan Administrator role is hybrid in Newburyport, MA, with three days in the office and two days working from home. The stated pay range is $23.69–$32.57 per hour. River Run Services supports Newburyport Bank, Pentucket Bank, and Rollstone Bank & Trust. The administrator coordinates commercial loan closings from approval through funding, ensuring documentation aligns with approved terms and applicable bank policies and regulatory requirements. The role supports lenders and internal partners by preparing and reviewing loan files, resolving documentation issues, and maintaining records for post-closing review and audits.

What you'll do

• Coordinate commercial loan closings with lenders, credit analysts, portfolio managers, attorneys, and loan servicing
• perform pre-closing due diligence, including flood determinations, UCC searches, filings, insurance reviews, tax escrow calculations, and regulatory documentation
• prepare loan documents and review attorney-prepared documents for accuracy
• process SBA documentation and support SBA closings
• maintain construction loan files and coordinate third-party monitoring
• procure and perfect collateral
• prepare legal files for post-closing review, boarding, and quality control
• maintain credit files and provide audit documentation
• respond to borrower and internal partner inquiries
• support commercial lenders with servicing and administrative functions
• ensure compliance with regulations, bank policies, and BSA requirements.

What we're looking for

Skills & competencies

commercial loan administrator

hybrid

newburyport ma

full-time

3 days in office

2 days work from home

$23.69–$32.57 per hour

commercial lending

loan closings

sba documentation

loan compliance

ucc filings

river run services

Work arrangement

• Weekend coverage required

Why this role

Hybrid schedule combines three in-office days with two work-from-home days. High school diploma or equivalent and at least two years of relevant experience are required.

About the employer

River Run Services LLC is hiring for this role. Industry: Commercial Banking. Sector: 52.