Senior Commercial Loan Specialist

About the role

The Senior Commercial Loan Specialist works closely with Lenders, Portfolio Managers & Loan Assistants to ensure Commercial Loan Documentation is prepared in accordance with the Bank's lending policies and approvals. This role involves performing a pre-funding and post-closing review of all documents, ensuring they align with the approval and that all closing conditions are met.

Responsibilities

• Performs Pre-And Post-closing Reviews on all commercial loan documentation.
• Assures that the documents are in line with the approval and that all closing conditions have been satisfied prior to funding.
• Works closely with Attorney’s, Commercial Lenders and Loan Assistants to ensure an efficient closing process.
• Reviews credit approvals for commercial loans for accuracy.
• Performs a post-closing review for all commercial loan modifications; assures that document is prepared according to approval authority.
• Responsible for the on-going review of the document exception report.
• Follows up with appropriate staff to ensure all documents are received in a timely manner.
• Reviews all Flood policies for properties located in a flood zone prior to closing to assure policy is in compliance with Federal regulations and Bank policy.
• Reviews all Hazard Insurance binders/policies prior to closing to assure Bank is properly listed as mortgagee and that there is sufficient insurance.
• Reconciles Miniter Invoice for Force Placement Insurance and works with Commercial Loan Assistants and Lenders to ensure that active policies are received.
• Performs post-closing review and assures all collateral on commercial loans has been properly perfected.
• Works closely with the Senior Booking Specialist to ensure timely and accurate commercial loan booking to the Core System.
• Performs the UCC continuation process and assures that all UCC’s are renewed in a timely manner.
• Performs historical UCC filings in Wolters Kluwer for any UCC filed by an attorney.
• Reconciles Wolters Kluwer invoice to ensure that continuation fees are being added to the appropriate loans.
• Provides final Quality Control on all commercial loans to ensure that originals have been filed properly and that all documentation has been uploaded into OnBase in accordance with bank policy.
• Reviews CRA and HMDA data sheets for accuracy prior to submission.
• Completes Monthly Small Business Administration Reporting.
• Represents the department in various committees such as Compliance, and any other committees as designated by the VP/Loan Administration Manager.
• Responds to audit requests including but not limited to Internal, External and OCC.

Qualifications

• Bachelor’s Degree or the Equivalent Work-related Experience Required.
• Three To Five Years Of similar or related experience.
• Knowledge of each operational aspect of the department.
• Excellent communication skills.
• Working knowledge of Microsoft Office (Word and Excel) required.
• Ability or organize, prioritize, delegate, meet deadlines and balance numerous tasks at the same time.