Management Recruiters International
Commercial Loan Documentation Specialist
Management Recruiters International, Chicago, Illinois, United States, 60290
We have a tremendous opportunity for a commercial loan documentation specialist with a $5B - $10B bank. This is an addition to staff to handle expected loan growth. The bank is open to someone to be located in Indiana, Chicago, or Denver.
Essential Functions
The incumbent will administer processes required to support the creation, review, closing and perfection of moderately complex to complex loan documentation and collateral for the Commercial Loan portfolio.
Administer processes for transmittal, review, retention, and monitoring of loan documents in the commercial lending portfolio, including, but not limited to:
Review and understand commercial loan terms, conditions and financial components as detailed in credit approval documents. Demonstrate an advanced level of expertise with loan documentation language and standard practices. Interact with lending and credit partners to review potential changes. Review loan file and Processor prepared Commercial Loan Checklist to ensure a complete loan file. Recognize deficiencies in documentation or other problems. Advise lending and credit partners on possible solutions. Create loan document package for each assigned loan ensuring compliance with approved terms and conditions. Loan documentation may include, but is not limited to, notes, security agreements/mortgages, guarantees, assignments, stock powers, account holds, UCC filings, subordination agreements, closing instructions and other supporting documents. Review attorney prepared loan documentation. Engage with bank attorneys, as necessary, to resolve identified issues and/or concerns. Complete the Documentation tab of the Commercial Loan Checklist to ensure accuracy of loan documents. Effectively manage a pipeline of loan assignments at various stages of the documentation process. Transmit loan closing packages to Quality Assurance team timely to ensure closing date commitments are met. Create and file UCCs as needed per credit approval.
Develop and maintain thorough knowledge of Bank policies, procedures, and compliance requirements. Demonstrate subject matter expertise with all forms of commercial loan documentation and closing requirements. Assist the Loan Administration Team Lead and Senior Commercial Loan Processor with day-to-day activities and act as a back-up for both roles during absences. Perform duties related to the Bank Secrecy Act under the guidance of the BSA Officer. Here is what our client offers:
A financially sound, future focused, financial institution preparing for the next phase of growth An opportunity to join a dedicated group of professionals focused on delivering top-quality services and products An opportunity to be "heard" where both your opinion and time are valued A great culture where people enjoy their jobs and treat each other like family Here is what our client requires:
Minimum of 3 years of loan documentation and closing experience with a focus on complex commercial real estate and commercial and industrial transactions. High School Diploma - Associate degree preferred. Paralegal certification preferred. Advanced ability to review and analyze title documents to secure the Bank's lien position in accordance with loan approval criteria. Advanced ability to assess and establish a clear understanding of corporate business structures and related by-laws and/or rules of operation Advanced ability to review and evaluate a borrowing entity's formation documents to ensure appropriate permissions and approval authorities are in place. Advance knowledge of Finastra LaserPro, Fiserv core products, and prior experience with Abrigo/Sageworks software, preferred.
If this sounds like the opportunity you have been looking for, please apply using the "Apply" link. If you have questions about this opportunity, feel free to call Kevin O'Connor @ (724) 837-6338.
Confidentiality
We respect your privacy and will never submit a resume to a third party without your permission. You can be assured that the information you give us will never be forwarded to any company without your specific, direct permission in advance.
Essential Functions
The incumbent will administer processes required to support the creation, review, closing and perfection of moderately complex to complex loan documentation and collateral for the Commercial Loan portfolio.
Administer processes for transmittal, review, retention, and monitoring of loan documents in the commercial lending portfolio, including, but not limited to:
Review and understand commercial loan terms, conditions and financial components as detailed in credit approval documents. Demonstrate an advanced level of expertise with loan documentation language and standard practices. Interact with lending and credit partners to review potential changes. Review loan file and Processor prepared Commercial Loan Checklist to ensure a complete loan file. Recognize deficiencies in documentation or other problems. Advise lending and credit partners on possible solutions. Create loan document package for each assigned loan ensuring compliance with approved terms and conditions. Loan documentation may include, but is not limited to, notes, security agreements/mortgages, guarantees, assignments, stock powers, account holds, UCC filings, subordination agreements, closing instructions and other supporting documents. Review attorney prepared loan documentation. Engage with bank attorneys, as necessary, to resolve identified issues and/or concerns. Complete the Documentation tab of the Commercial Loan Checklist to ensure accuracy of loan documents. Effectively manage a pipeline of loan assignments at various stages of the documentation process. Transmit loan closing packages to Quality Assurance team timely to ensure closing date commitments are met. Create and file UCCs as needed per credit approval.
Develop and maintain thorough knowledge of Bank policies, procedures, and compliance requirements. Demonstrate subject matter expertise with all forms of commercial loan documentation and closing requirements. Assist the Loan Administration Team Lead and Senior Commercial Loan Processor with day-to-day activities and act as a back-up for both roles during absences. Perform duties related to the Bank Secrecy Act under the guidance of the BSA Officer. Here is what our client offers:
A financially sound, future focused, financial institution preparing for the next phase of growth An opportunity to join a dedicated group of professionals focused on delivering top-quality services and products An opportunity to be "heard" where both your opinion and time are valued A great culture where people enjoy their jobs and treat each other like family Here is what our client requires:
Minimum of 3 years of loan documentation and closing experience with a focus on complex commercial real estate and commercial and industrial transactions. High School Diploma - Associate degree preferred. Paralegal certification preferred. Advanced ability to review and analyze title documents to secure the Bank's lien position in accordance with loan approval criteria. Advanced ability to assess and establish a clear understanding of corporate business structures and related by-laws and/or rules of operation Advanced ability to review and evaluate a borrowing entity's formation documents to ensure appropriate permissions and approval authorities are in place. Advance knowledge of Finastra LaserPro, Fiserv core products, and prior experience with Abrigo/Sageworks software, preferred.
If this sounds like the opportunity you have been looking for, please apply using the "Apply" link. If you have questions about this opportunity, feel free to call Kevin O'Connor @ (724) 837-6338.
Confidentiality
We respect your privacy and will never submit a resume to a third party without your permission. You can be assured that the information you give us will never be forwarded to any company without your specific, direct permission in advance.