Senior Commercial Credit Loan Specialist
Senior Commercial Credit Loan Specialist
POSITION DESCRIPTION:
Responsible for all processes relating to providing administrative support to the Commercial Credit and Closing Department. Performs a variety of duties related to the processing, closing, post-closing, and maintenance of commercial loans, including the more complex loans such as SWAPS and Participations. Responsible for training and ongoing mentoring of Commercial Loan Administrators. Interaction with other departments such as Loan Servicing, Accounting, Credit, as well as outside Attorneys.
- Responsible for performing reviews of commercial loan closing documents, pre- and post-closing, to ensure accuracy and completeness in accordance with the loan approval terms, conditions and requirements.
- Review compliance data for all approved loans to ensure accuracy and completeness to include but not limited to credit reports, flood determinations, EDR reports, appraisals, UCC filings, etc.
- Complete assigned administrative duties related to due diligence items prior to loan approval in support of commercial lenders and credit analysts
- Quality control of loan approvals to ensure conditions and covenants outlined within credit memos are appropriately defined and documented in closing documents
- Assist with the collection and filing of annual financial statement requirements via emails generated by Sageworks to customers.
- Monthly reconciliation and maintenance of commercial suspense general ledger for reporting to the accounting department.
- Monitoring of Adverse Action applications including updating and recording of pertinent information to tracking logs and preparation of customer notifications.
- Preparation of accurate commitment letters for approved commercial loans, gather all pre-closing conditions and other required checklist items including, but not limited to, CRA, beneficial ownership forms, CIP, flood determination, etc. Review and approve attorney-prepared commitment letters for accuracy of terms, dates, etc.
- Direct and coordinate preparation of all commercial loan documents, including NCDC loans. Recognize the appropriate documents for each type of loan and obtain any missing/incomplete documents prior to closing.
- Preparation of in-house loan closing documentation (typically small loans) including legal and supplemental Bank documents and calculation of all fees due (i.e., interest, escrow payoffs, etc.) and final funding amount.
- Preparation of supplemental Bank documents for all attorney loan closings including compliance documentation, closing instructions and calculations of all fees due (i.e., interest, escrow, payoffs, etc.) and final funding amount.
- Prepare, process, and monitor loan modification requests. Responsibilities include preparation of in-house modification documents, interaction with the attorney for attorney-prepared modifications, assure required compliance has been met, review of all documents prior to signing for accuracy and completeness. Additionally, upon execution of documents, ensure that appropriate fees are collected and that documents are complete and accurate. Prepare management reports as directed.
- Funding of all commercial loans including the OFAC check of all parties, wire preparation, wire entry and funding notification.
- Post-closing of all commercial loan files to include review of executed documents and compliance requirements to provide a complete and error free loan package to Loan Servicing for booking.
- Review and confirm adequate and appropriate Hazard, Flood, Builders Risk and/or Liability Insurance is in force prior to closing.
- Responsible for the process of ensuring that all loan files are retained up to Bank standards for completeness and neatness in Sageworks and Synergy.
- Process Express Loan applications.
- Prepare HMDA/CRA data for transmission into NContracts.
- Assist with preparation of Impaired Loan analysis (order appraisals, research insurance and taxes).
- Assist with identifying “shelf” loans on an annual basis.
- Assist with providing all necessary documentation for audits and exams.
- Key competencies include research, analytical and critical thinking skills, planning and organizing, information monitoring, strong communication skills, stress tolerance, attention to detail, accuracy, and confidentiality.
- Able to work independently, with minimal supervision.
- Complete all required compliance training.
- Perform other duties as required.
DIGITAL LITERACY:
The ability to use data, information, and communication technologies to find, evaluate, create, and communicate information, requiring both cognitive and technical skills
- Information, data, and content
- Teaching, learning and self-development
- Communication, collaboration, and participation
- Digital identity, safety, and security
- Technical proficiency with all bank products
- Awareness and interest in new technology
- Creation, innovation, and research
BASIC KNOWLEDGE & TRAINING REQUIRED FOR MAXIMUM PROFICIENCY: A concise understanding of commercial loan products and compliance requirements along with knowledge of commercial loan documentation, commercial loan servicing and/or related areas. Attention to detail is a critical component of this position. Computer proficiency in a Windows based environment and knowledge of MS Word, Excel, and Outlook. Excellent verbal and written communication skills are a must.
EXPERIENCE: Five to eight years of similar or related experience, with a minimum of three years’ experience in the review of commercial loan documentation, commercial servicing and related areas. Superior customer service skills are required. Legal/Paralegal experience desired.
EDUCATION: (1) A bachelor’s degree, or (2) achievement of formal certifications recognized in the industry as equivalent to a bachelor’s degree. A minimum of three years of experience in the review of commercial loan documentation, commercial servicing and related areas required.
MANAGERIAL RESPONSIBILITY: Has no supervisory/managerial responsibility but will serve as a mentor and resource for peers.
*Compensation: Compensation is based on our market pay structures. However, individual salaries are determined by a variety of factors including, but not limited to business considerations, local market conditions, and internal equity, as well as candidate qualifications, such as skills, education, and experience.
Ascend Bank is an equal opportunity employer and offers equal opportunity to all applicants for all positions without regard to race, color, religion, national origin, age, disability, and veteran status.
Applicants requiring reasonable accommodation in the application process should notify Human Resources.
Ascend Bank participates in E-Verify. EOE/AA/M/F/D/V
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