Calculated Hire
Deal Specialist
Chicago, IL
Hybrid
10-Month Contract
Overview:
The Deal Specialist will help coordinate, structure, and prepare complex commerical loan deals for close and funding. They will ensure the deal details are accurate, documentation is aligned, and the process oves smoothly from credit approval to funding.
Requirements:
Review legal documentation against credit approval to ensure deal terms are documented as approved. Structure the terms of the deal in LoanIQ, the loan system Obtain closing borrowing base (if applicable), and board to loan system Run Flood Determinations for any real property taken as collateral, and enforce flood regulatory requirements in preparation for deal closing Obtain and review internal funds flow documentation to account for funds at closing Verify AML KYC has been completed prior to close Obtain Conditions Precedent and ok to fund from Portfolio Manager Provide funds flow and closing package to Loan Servicing, and advise servicing on any special handling Track for receipt of closing documentation and ongoing borrow compliance (financials, borrowing base, etc.) Proactively follow up with Portfolio Managers and analysts to obtain all document exceptions and borrower compliance Review Borrower Compliance Certificates for pricing impact Update LoanIQ concurrently with revised ratio and advise Loan Servicing of pricing change Prepare LC Checklist and provide to Letter of Credit department. Advise LC department of any changes to pricing or terms throughout the life of the deal Review closing binder and/or loan documentation closing package for completeness, and track for receipt of any missing documents Manage deal collateral, especially margined collateral (Borrowing Base), UCCs, Real Estate collateral & possessory collateral, including: Track for receipt of Borrowing Base & update borrowing base figures in LoanIQ) Track expiry of UCCs, obtain approval to continue or terminate, then continue or terminate as instructed using CT Lien Understand real estate collateral. Accountable for flood insurance regulatory compliance including ensuring all flood due diligence is complete prior to loan closing. Ordering flood determinations, tracking flood determination expiry, boarding real estate collateral to LoanIQ. Understand impact of real estate on fed call code and proper boarding to LoanIQ Board all possessory collateral to LoanIQ, for retention in vault Receive notice of approval for non-lending products and advise product booking locations of approval Review and approve LoanIQ & APMS transactions for junior staff and peers Maintain APMS system, including processing of approved Annual Reviews, Risk Rating changes, Rating Alert raise and clear, entity static credit information maintenance, create and maintain credit connections, etc. Monitor and action both LoanIQ and APMS exception reports on an ongoing basis Serve as subject matter expert in the loan closing process and LoanIQ product structuring Participate in audits Provide input on process and procedures, participate in documentation and revision of P&Ps Provide training and mentoring to junior staff Ensure timely processing of transactions to minimize risk and re-work, and to meet and exceed customer expectations
Skills/ Qualifications:
Bachelors degree or equivalent experience 5-7 years experience in commercial lending operations with closing experience preferred Experience with LoanIQ desired but not required Operations experience with Dealer Floor Planning, Asset Based Lending or Equipment Finance is a plus Strong knowledge of Microsoft Excel, Word, Adobe and Outlook Solid knowledge of flood regulation Strong analytical and problem-solving skills Strong investigation and prioritization skills Strong customer service and relationship management skills Strong conflict management/resolution skills Strong written and oral communication skills Ability to multi-task in a fast-paced environment
Overview:
The Deal Specialist will help coordinate, structure, and prepare complex commerical loan deals for close and funding. They will ensure the deal details are accurate, documentation is aligned, and the process oves smoothly from credit approval to funding.
Requirements:
Review legal documentation against credit approval to ensure deal terms are documented as approved. Structure the terms of the deal in LoanIQ, the loan system Obtain closing borrowing base (if applicable), and board to loan system Run Flood Determinations for any real property taken as collateral, and enforce flood regulatory requirements in preparation for deal closing Obtain and review internal funds flow documentation to account for funds at closing Verify AML KYC has been completed prior to close Obtain Conditions Precedent and ok to fund from Portfolio Manager Provide funds flow and closing package to Loan Servicing, and advise servicing on any special handling Track for receipt of closing documentation and ongoing borrow compliance (financials, borrowing base, etc.) Proactively follow up with Portfolio Managers and analysts to obtain all document exceptions and borrower compliance Review Borrower Compliance Certificates for pricing impact Update LoanIQ concurrently with revised ratio and advise Loan Servicing of pricing change Prepare LC Checklist and provide to Letter of Credit department. Advise LC department of any changes to pricing or terms throughout the life of the deal Review closing binder and/or loan documentation closing package for completeness, and track for receipt of any missing documents Manage deal collateral, especially margined collateral (Borrowing Base), UCCs, Real Estate collateral & possessory collateral, including: Track for receipt of Borrowing Base & update borrowing base figures in LoanIQ) Track expiry of UCCs, obtain approval to continue or terminate, then continue or terminate as instructed using CT Lien Understand real estate collateral. Accountable for flood insurance regulatory compliance including ensuring all flood due diligence is complete prior to loan closing. Ordering flood determinations, tracking flood determination expiry, boarding real estate collateral to LoanIQ. Understand impact of real estate on fed call code and proper boarding to LoanIQ Board all possessory collateral to LoanIQ, for retention in vault Receive notice of approval for non-lending products and advise product booking locations of approval Review and approve LoanIQ & APMS transactions for junior staff and peers Maintain APMS system, including processing of approved Annual Reviews, Risk Rating changes, Rating Alert raise and clear, entity static credit information maintenance, create and maintain credit connections, etc. Monitor and action both LoanIQ and APMS exception reports on an ongoing basis Serve as subject matter expert in the loan closing process and LoanIQ product structuring Participate in audits Provide input on process and procedures, participate in documentation and revision of P&Ps Provide training and mentoring to junior staff Ensure timely processing of transactions to minimize risk and re-work, and to meet and exceed customer expectations
Skills/ Qualifications:
Bachelors degree or equivalent experience 5-7 years experience in commercial lending operations with closing experience preferred Experience with LoanIQ desired but not required Operations experience with Dealer Floor Planning, Asset Based Lending or Equipment Finance is a plus Strong knowledge of Microsoft Excel, Word, Adobe and Outlook Solid knowledge of flood regulation Strong analytical and problem-solving skills Strong investigation and prioritization skills Strong customer service and relationship management skills Strong conflict management/resolution skills Strong written and oral communication skills Ability to multi-task in a fast-paced environment