Commercial Loan Assistant II - Aviation Lending

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Salem Five is a growing regional financial services organization with a rich history of over 170 years.  As an independent bank, we are deeply rooted in the communities we serve and offer our employees successful and rewarding careers. 

This position requires the ability to work in the Georgetown, MA office.

Salem Five has more than 30 retail banking branches throughout Essex, Middlesex, Norfolk and Suffolk counties, strong business banking capabilities, an Insurance division, a Wealth Management & Trust organization and a Mortgage Company that has provided homeownership to generations of families.

 

Salem Five believes deeply in supporting the communities in which we reside.

Donations through our Charitable Foundation or events at the branch or location-level are an important part of our DNA.

We would not be the company we are without our commitment to businesses and organizations that help the region thrive and to our employees.

Come see what we’re all about.  

JOB DUTIES AND RESPONSIBILITIES include, but are not limited to the following:   


* Coordinate critical aspects of the aircraft loan closing process, helping ensure documentation and requirements are complete before funding.


* Review loan documents, promissory notes, guarantees, aircraft security agreements, appraisals, title searches, insurance documentation, credit information, and other closing materials.


* Work with brokers, customers, attorneys, title companies, escrow agents, and other partners to gather and organize required documentation.


* Support FAA and International Registry of Mobile Asset filings and other aircraft-related documentation requirements.


* Process loan funding requests, loan setup documentation, booking requirements, and post-closing activities.


* Monitor post-closing items including title searches after recording, FAA filings, lien releases, appraisals, and other collateral documentation.


* Help monitor insurance compliance across the Aviation Lending portfolio and coordinate renewal documentation with customers and insurance providers.


* Assist with tax verification activities, including IRS transcript requests and follow-up on outstanding requirements.


* Track enrollment in aircraft engine maintenance programs when required as part of loan stipulations.


* Manage payoff requests, including payoff letters, application of funds, and lien discharges.


* Serve as a key customer service resource, independently resolving many requests and escalatin...