Business Banking Loan Documentation Specialist

Community Financial System, Inc. • City of Oneida, NY

4d

About The Position

The Business Banking Loan Documentation Specialist interprets and processes Business Banking loan applications through the NextGen digital platform, preparing accurate and timely commitment letters and closing documents for real estate and non-real estate loans. The role uses credit memos, approval and commitment letters, and credit-file information to prepare documentation in accordance with approvals and bank loan policy. It also involves tracking approval conditions, collecting mortgage due diligence information, identifying missing loan-package information, and administering Business Banking credit files and record retention.

The Specialist coordinates with lenders and branch managers, maintains departmental mailboxes, provides customer service to internal and external customers, and backs up other specialists as needed. The position requires compliance with applicable laws, regulations, policies, procedures, internal controls, and training requirements.

Requirements

• Associate degree or equivalent in a business field of study, such as finance, management, economics, or accounting, or equivalent related experience with at least 2 years in lending, credit, or loan documentation.
• Must be at least 18 years of age.
• Proficient reading, writing, grammar, and mathematics skills.
• Strong interpersonal and verbal and written communication skills.
• Strong attention to detail and proven organizational skills.
• Superior customer service skills.
• Ability to review and interpret credit approval information.
• Comprehensive understanding of commercial loan documents, processes, and collateral perfection.
• Understanding of financial statement composition and ability to interpret and connect financial data from various sources.
• Knowledge of Microsoft Word and Excel.
• Minimum 2 years of experience in a lending or credit analysis environment.
• General knowledge of commercial lending policies, procedures, and products.

Nice To Haves

• Knowledge of NextGen and LaserPro.
• Paralegal experience.
• Commercial construction monitoring experience.

Responsibilities

• Interpret and process Business Banking loan applications using the NextGen digital platform accurately and promptly.
• Use credit memos, approval and commitment letters, and credit-file information to prepare loan closing documentation.
• Manage workload to complete assignments on time and achieve departmental goals.
• Prepare commitment letters and closing documents for real estate and non-real estate loans in accordance with approvals and bank loan policy.
• Establish pre-closing checklists to track approval conditions.
• Interpret loan applications, credit files, and loan approvals.
• Order, collect, and track mortgage due diligence information required before closing and prepare loan closing documents.
• Identify missing information in loan packages based on loan application requirements.
• Coordinate and communicate with lenders and branch managers to follow up on and obtain required materials for Business Banking loan submissions.
• Help maintain Business Banking department mailboxes by resolving or responding to inquiries.
• Provide customer service to internal and external customers.
• Maintain knowledge of and comply with applicable laws, regulations, policies, procedures, internal controls, and job-specific training requirements.
• Administer Business Banking loan credit files and record retention.
• Provide backup for other specialists as needed.
• Perform other duties as requested.

Benefits

• 11 paid holidays
• Paid vacation
• Medical insurance
• Vision insurance
• Dental insurance
• 401(k) with generous match
• Pension
• Tuition reimbursement
• Banking discounts
• Potential annual merit increase

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree