Analyst, Commercial Closing (US Loans)

About the position

The Analyst, US Loan Program (Commercial Closing) is responsible for the day-to-day loan closing activities aspects of the US Loan Program under various legal entities. The Team works in an on-site setting with some occasional work from home flexibility. For this role, it is important to work, collaborate and interact in an in-person environment at the Bank's PR office based in San Juan, PR.

Responsibilities

• Assist with coordinating transitions between the loan origination and underwriting, approval and commitment, closing and loan activation.
• Review credit files prepared by lenders, loan committee approvals and meeting minutes, and other related documents in preparation for closing, checking for file completeness and approval condition requirements.
• Coordinate closings with all parties involved in the transaction (Buyers, sellers, lawyers, program partners, agents, etc.) by scheduling loan closing dates in coordination with all involved parties while maintaining communication between USLP staff, borrowers (if applicable), attorneys and third-party vendors.
• Prepare closing packages, including checklist, and disbursement request and funding directions.
• Group all loan modifications for existing loan facilities under the US Loan Program by maintaining a proper loan modification registry.
• Ensures the completeness and accuracy of loan and Program Partner document files for digitalization purposes.
• Acts as a liaison with Risk & Compliance, Change Management, SOX, and Internal Audit departments to ensure compliance with all regulatory and internal requirements of all loan operations topics under the US Loan Program, and provide reporting, analysis, and answers to questions as necessary.
• Assumes responsibility for special projects; gathers data and prepares reports for the Manager of Loan Operations, Senior Management, audits, and other personnel.
• Other duties may be assigned.

Requirements

• Bachelor's Degree in Business Administration, Accounting, Economics and/or Finance required.
• Three (3) years of banking and/or financial services experience required.
• At least one (1) year of related commercial loan operational and/or loan closing experience with related internal controls knowledge in the banking industry required.
• Self-starter, results oriented, dynamic, and able to work with minimum supervision.
• Analytical, problem solving, organized, detail oriented and able to meet strict deadlines.
• Demonstrates knowledge of, adherence to, monitoring and responsibility for compliance with regulations and laws as they pertain to this position.
• Maintains and promotes a high standard of confidentiality and strong ethical values.
• Ability to work with a variety of departments at all levels across the organization.
• Organize, manage, and track multiple detailed tasks and assignments with frequently changing priorities in a fast-paced work environment.
• Understanding of financial/accounting principles, industry assessment, research, due diligence, skills highly preferred.
• Computer skills in the use of Word, Excel, Power Point, Outlook, MS Teams, Internet Tools and other operative programs.
• Excellent English communication skills both written and verbal required.
• Legally authorized to work in the US required.

Nice-to-haves

• Minimum education and experience required can be substituted with the equivalent combination of education, training and experience that provides the required knowledge, skills, and abilities.