Funding Boarding Specialist I

About the role

The Funding-Boarding Specialist I is responsible for following Bank procedure and policy to board and provide initial funding of loans. This role involves processing a wide variety of loan and line products, from simple to complex transactions, ensuring completeness, turn time, and accuracy as per service level agreements.

Responsibilities

• Board and provide initial funding of loans according to credit approvals and loan closing documents.
• Analyze and interpret loan approval documents and note/loan agreements/credit agreements to ensure proper boarding of all aspects of the facility, including loan coding, into the appropriate loan system.
• Coordinate with various departments such as LCS, Branch, Relationship Manager, Portfolio Manager, External Counsel, Title Companies, and/or Department Management to facilitate timely and accurate funding and boarding of commercial loans.
• Analyze funding and disbursement information to ensure proper disbursement flow of funds via wire, deposit account, fee payments, and/or disbursements to third parties.
• Establish auto-debit/ACH auto-pay on loan accounting system per instructions and customer authorization.
• Resolve problems related to boarding errors.
• Provide guidance and support to Banking Center and Relationship Manager personnel with questions and information requirements.
• Show product knowledge across the entire banking spectrum of loan products.
• Meet completeness, accuracy, and turn time standards dictated by established service level agreements.
• Foster a positive working environment with all business partners.
• Interact and communicate daily with all levels as appropriate to ensure requirements are understood and met.
• Ensure all goals and departmental service standards (SLAs) are met.

Requirements

• High School diploma or equivalent.
• Bachelor's degree preferred.
• One (1) year experience with a focus on commercial loan funding, boarding, loan documentation, or related work experience.
• Good time management and organizational skills evidenced in previous assignments.
• Demonstrated understanding of applicable bank policies and procedures.
• Knowledge of commercial loan accounting systems.
• Knowledge of loan documents and requirements.
• Knowledge of commercial lending and loans.
• Knowledge of B2B, CCAS, AFS, Loan Doc Prep System, and other banking systems preferred.
• Good personal computer skills with demonstrated knowledge of Microsoft EXCEL, WORD, and email.
• Self-starter and works with minimal direction.
• Good verbal and written communication skills.
• Good negotiation skills.
• Good interpersonal skills and team orientation.
• Ability to meet deadlines under pressure.
• Ability to appropriately escalate issues requiring problem solving and decision making.
• Completion of Funding Boarding certification program (future).

Qualifications

• High School diploma or equivalent.
• Bachelor's degree preferred.
• One (1) year experience with a focus on commercial loan funding, boarding, loan documentation, or related work experience.
• Good time management and organizational skills evidenced in previous assignments.
• Demonstrated understanding of applicable bank policies and procedures.
• Knowledge of commercial loan accounting systems.
• Knowledge of loan documents and requirements.
• Knowledge of commercial lending and loans.
• Knowledge of B2B, CCAS, AFS, Loan Doc Prep System, and other banking systems preferred.
• Good personal computer skills with demonstrated knowledge of Microsoft EXCEL, WORD, and email.
• Self-starter and works with minimal direction.
• Good verbal and written communication skills.
• Good negotiation skills.
• Good interpersonal skills and team orientation.
• Ability to meet deadlines under pressure.
• Ability to appropriately escalate issues requiring problem solving and decision making.
• Completion of Funding Boarding certification program (future).

Skills

• Commercial loan funding and boarding.
• Loan documentation and interpretation.
• Loan accounting systems.
• Loan coding and entry.
• Collaboration with various departments.
• Auto-debit/ACH setup.
• Problem resolution and escalation.
• Customer service and support.
• Product knowledge across loan products.
• Time management and organization.
• Communication and negotiation skills.
• Interpersonal and teamwork skills.
• Deadline management.
• Problem-solving and decision-making abilities.

Benefits

At Fifth Third, we offer a comprehensive benefits package that supports the physical, financial, emotional, and social well-being of our employees and their families. For more information, please visit our careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html.

Pay

The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education, and geographic location.

Schedule

Work schedule details are not specified in the job posting.