Sr. Commercial Loan Processor

Job Summary

Responsible for ensuring both real estate and non-real estate secured commercial loans originated in the Bank are closed in accordance with the proper loan approval and meet the Bank’s credit policy requirements. The Senior Commercial Loan Processor manages and leads the coordination of complex commercial loan closings from term sheet to initial funding for both internal and attorney-prepared loan documents by collaborating with internal lending partners, clients, title companies, attorneys, and third-party vendors.

Essential Functions

• Manages and leads the coordination of complex commercial loan closings from term sheet to initial funding for both internal and attorney-prepared loan documents by collaborating with internal lending partners, clients, title companies, attorneys, and third-party vendors.
• Reviews loan documentation against credit approval and ensures documents comply with Bank, federal, and state regulations.
• Collaborates with internal lending partners, clients, title companies, attorneys, and third-party vendors to order/collect and review entity documentation and collateral due diligence.
• Engages lending partners to ensure loan documentation is consistent with the loan approval and coordinates the final closing activities in the loan cycle.
• Serves as the point of contact and process driver during the origination process to closing, ensuring an exceptional client experience.

Additional Functions

• Performs routine duties with minimal supervision using standard practices or procedures.
• Complies with all safety policies, practices, and procedures. Reports all unsafe activities to supervisor and/or Human Resources.
• Participates in proactive team efforts to achieve departmental and company goals.

Required Education/Experience

• Associate’s degree (A. A.) or equivalent from two-year College or technical school; or a minimum of four years’ related experience and/or training; or equivalent combination of education and experience.
• Prior commercial loan closing experience, including due diligence requirements of commercial collateral, entity documentation, and various loan types such as participations, syndications, construction, and lines of credit.
• Prior knowledge of financial institution policies, procedures, and regulations, preferred.
• Prior knowledge of Finastra (LaserPro) documentation preparation, preferred.
• Prior experience in direct customer interface environments, preferred.

Necessary Skills

• Ability to manage multiple loans at a time, prioritize effectively, and meet deadlines in a fast-paced environment.
• Critical thinking and problem-solving skills, with the ability to focus on detailed work.
• Highly motivated and a self-starter.
• Ability to read and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals.
• Ability to write routine reports and correspondence.
• Ability to speak effectively before groups of customers and/or employees of the Bank.
• Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals.
• Ability to compute rate, ratio, and percentage and to draw and interpret bar graphs.
• Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form.
• Ability to deal with problems involving several concrete variables in standardized situations.
• Strong skills in Microsoft Windows 7, Word, Excel, and Outlook.
• Intermediate skills in understanding and working with database input/output.
• Strong interpersonal skills.

Physical Activity/Dexterity

Manual dexterity sufficient to reach/handle items and work with fingers. Works with fingers and perceives attributes of objects and materials.

Physical Environment Demands

• Must be able to remain in a stationary position 90% of the time.
• Constantly operates a computer and other office productivity machinery, such as a calculator, copy machine, and telephone.
• Constantly positions self to operate on a computer.
• Frequently communicates with other people throughout each day. Must be able to exchange accurate information when conversing.

Work Schedule/Hours

Monday through Friday; 8:00am – 5:00pm. Available for overtime, as needed.

Travel

Mild overnight travel (up to 10%) by land and/or air.