Description
The Corporate Commercial Loan Documentation Specialist II plays a critical role in supporting the bank's commercial lending operations by preparing accurate and compliant loan documentation. This position requires a deep understanding of complex loan structures including construction loans and the ability to navigate the unique documentation requirements each entails.
The primary purpose of the role is to ensure that all commercial loan documents are produced in strict accordance with internal policies, regulatory requirements, and the specific terms outlined in loan approvals. Precision and an exceptional attention to detail are essential, as any errors or omissions in documentation can expose the bank to significant legal, financial, and reputational risks.
The specialist must exercise sound judgment and a high level of independent problem-solving ability to interpret nuanced loan approval terms, identify missing or inconsistent information, and determine when further clarification or additional documentation is necessary. This requires a proactive approach to anticipate potential issues before they arise, troubleshoot documentation challenges autonomously, and implement solutions that maintain compliance without delaying loan closings.
Working collaboratively with commercial lenders, credit officers, legal counsel, and other internal departments, the specialist gathers all required documentation, resolves discrepancies, and ensures all conditions of approval are fully met prior to releasing documents for execution. Strong communication skills enable effective coordination and timely resolution of complex issues, ensuring smooth and compliant loan closings even in high-pressure situations.
Essential Job Responsibilities
1. Prepares comprehensive and error free loan documentation using LaserPro or internal templates, ensuring strict adherence to internal policies, banking regulations, and applicable legal requirements. Expectation is less than 1% external critical error rate and less than 5% internal critical error rate of draft documents.
2. Manages the loan documentation process for all assigned LaserPro loans to ensure that all loan documentation is produced in accordance with the loan approval and that draft and final loan documentation are created error free.
3. Efficiently manages a high volume of urgent and complex documentation requests by prioritizing tasks to meet critical deadlines, ensuring accuracy, completeness, and compliance with regulatory standards; coordinates seamlessly with lending teams to facilitate timely and successful loan closings.
4. Manages and monitors a pipeline of complex, high-value commercial loan requests with diverse structures and timelines. Ensures all loan approval conditions are met by accurately preparing, reviewing, and collecting required supporting documentation prior to the release and execution of loan documents. Proactively advances loans through the pipeline and maintain thorough follow-up with lending teams to ensure timely progression and resolution.
5. Effectively communicates with corporate lenders, credit analysts, portfolio specialists, management, and internal departments to ensure smooth loan processing. Coordinates with the lending team to obtain all necessary due diligence documentation required for the preparation of loan documents, promptly addressing any discrepancies or additional requirements.
6. Serves as a knowledgeable and approachable resource to peers by sharing expertise, offering guidance, and supporting team members to foster a collaborative and high-performing work environment.
7. Assists with the training of new employees, developing and maintaining procedural manuals, assures work quality, and ensures cooperation within department.
8. Prepares accurate amortization schedules requested by lending teams
9. Conducts research assignments, and contributes to special projects as needed, providing detailed, organized, and well-supported documentation in support of departmental goals as assigned.
10. Ensures Service Level Agreements are met with regards to preparing draft documents for review and issuance of final loan documents.
Bona Fide Occupational Qualifications
1. Associates and/or Bachelor's degree in a related field or equivalent work experience is required.
2. A minimum of four (4) year's experience related to commercial banking, including commercial loan documentation. Experience with LaserPro preferred.
3. Excellent verbal and written communication skills, exceptional relationship-building skills, strong analytical and mathematical skills, and a motivation to learn.
4. Proficiency in MS Word, Excel and Adobe Acrobat is required.
5. May be eligible for Telecommuting.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)
Apply on company website
Find Connections via Linkedin
