Commercial Loan Collateral Associate I

Park National Bank•Newark, OH

About The Position

The Commercial Loan Collateral Associate I analyzes and completes collateral reports and supports the accurate processing, maintenance, and tracking of commercial loan collateral. The role ensures the bank’s lien position on collateral is perfected, maintained, and released in a timely manner, and that collateral documentation and data meet established policies, procedures, and corporate standards. The associate performs collateral research and maintenance through Director Workflow, monitors missing or incomplete collateral items, and maintains commercial collateral files, including filing and tracking files released from the area. The role also provides general guidance and support on collateral information, follows up with loan assistants to resolve documentation discrepancies, and stays current on bank, investor, and regulatory changes affecting commercial loans.

Requirements

Two years of banking or equivalent experience.
At least a high school diploma or GED.
Organizational skills and attention to detail.
Analytical thinking and problem/situation analysis.
Ability to multitask and manage priorities.
Technical expertise and basic computer skills.
Strategic planning and decision-making skills.
Creativity.
Leadership and management skills, including the ability to influence others and develop or mentor others.
Ability to build collaborative relationships and work as part of a team.
Interpersonal and customer service skills.
Written and verbal communication skills.
Ability to understand and follow directions.
Adaptability to change.

Responsibilities

Analyze and complete collateral reports.
Ensure the bank’s lien position on all collateral is perfected, maintained, and released in a timely manner.
Upload basic to moderately complex collateral loan data accurately into the host system.
Monitor and track missing or incomplete collateral items.
Complete general to basic collateral research and maintenance through Director Workflow.
Perform quality control of collateral documentation to ensure required documents are received and comply with established policies, procedures, and corporate standards; follow up with loan assistants to correct discrepancies.
Ensure proper processing and accurate, consistent entry of loans with basic to moderately complex collateral into the host system.
Provide general guidance and support for all types of collateral, including maintaining collateral information.
Stay current with bank, investor, and regulatory changes affecting commercial loans and assist in communicating changes to other collateral associates.
Maintain all commercial collateral files, including filing and tracking files released from the area.