Equipment Finance Loan Fulfillment Specialist

About the role

The Equipment Finance Loan Fulfillment Specialist at Regions is responsible for orchestrating the closing process for all members of the Relationship Team and vendors associated with each loan. This role involves drafting and reviewing loan documentation, engaging with the deal team, and managing various aspects of loan closings.

Responsibilities

• Drafts and reviews loan documentation for high complexity commercial loans in a multi-state environment
• Engages with the deal team on forecasting loan pipeline activity and providing due diligence requirements
• Reviews attorney prepared loan packages for syndicated loans, often with Regions serving as the agent bank
• Understands the risks associated with closing various types of commercial loans
• Obtains the necessary documents to evidence the debt and secure the loan
• Ensures the loan is closed per loan approval and that supporting documentation conforms to loan approval and policy
• Identifies potential issues related to documentation, policy or regulatory requirements and remediates prior to closing
• Communicates frequently with business partners throughout the closing process
• Complies with departmental performance level metrics
• Contributes to the formulation of plans to mitigate risk
• Understands the client’s needs and identifies opportunities to improve and resolve client service issues related to the extension of commercial credit
• Serves in a problem-solving capacity by providing client service for loan products
• Addresses loan setup issues promptly to ensure system data integrity
• Serves in a problem-solving capacity by providing client service for loan products
• Serves in a problem-solving capacity by providing client service for loan products
• Supports Regions Equipment Finance ensuring loans are booked timely, disbursing loan proceeds in accordance with loan approval and packaging loan documents
• May assist with the training of team members in areas such as loan documentation and compliance

Requirements

• High School Diploma or GED
• Four (4) years of related financial services industry experience

Preferences

• Bachelor’s degree
• Previous Commercial Banking and/or Commercial Equipment Leasing Experience

Skills and Competencies

• Ability to provide excellent customer service
• Demonstrates knowledge of commercial credit, regulatory (including BSA/AML, OFAC, Flood Regulations) and documentation policies
• Demonstrates strong interpersonal, verbal and written communication skills
• Excellent time management
• Highly organized, detail-oriented, and able to manage multiple projects under time constraints
• Responds with a sense of urgency

Pay and Benefits

• Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions.
• Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role.
• The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.
• Minimum Job Range Target: $46,750.00 USD
• Median: $57,270.00 USD
• Incentive Pay Plans: This job is not incentive eligible.
• Benefits Information: Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.
• Paid Vacation/Sick Time
• 401K with Company Match
• Medical, Dental and Vision Benefits
• Disability Benefits
• Health Savings Account
• Flexible Spending Account
• Life Insurance
• Parental Leave
• Employee Assistance Program
• Associate Volunteer Program

Location

Regions Center Location: Birmingham, Alabama

Equal Opportunity Employer

Regions is an equal opportunity employer including disabled/veterans.