Commercial Loan Document Prep Specialist

Commerce Bank • Kansas City, MO

4d • $21 - $28 • Hybrid

About The Position

The main purpose of this job is to provide back office operations support for commercial, business banking, and a variety of specialty lending products. The role involves completing a preliminary review of loan submissions to ensure regulatory and legal compliance, preparing loan documents in accordance with Commerce Bank’s credit policy, and interpreting complex loan documents to set loans up on the loan accounting system. Additionally, the specialist will post loan transactions, provide account problem resolution, and process complex loan accounting transactions such as syndications and participations. The role also includes ongoing monitoring and reporting of collateral securing commercial loans, completing a post-closing review to ensure all documents comply with regulatory requirements and Commerce Bank policy, and collaborating with internal and external business partners to improve service levels. Creating or updating procedural manuals and job aids, and providing research and resolution to customer concerns/issues are also key functions. Performing other duties as assigned is part of the role.

Requirements

• Ability to analyze, interpret, and understand commercial loan and/or legal documentation with a high degree of accuracy
• Basic knowledge of commercial loan servicing databases and systems, including but not limited to Shaw, ELAR, Credit Stream, LaserPro, CAC, and Appian
• Basic knowledge of federal banking regulations, especially those related to commercial lending
• Motivated and organized self-starter with strong attention to detail and the ability to manage multiple priorities
• Inquisitive, agile, and strong team player with excellent written, verbal, and interpersonal communication skills
• Ability to remain adaptable and resilient to all situations with an optimistic outlook and cast a positive shadow that is aligned with our culture and Core Values
• Intermediate level proficiency with Microsoft Word, Excel, Teams, and Outlook
• 1+ years financial services experience required
• Must be eligible to work in the US without sponsorship now or in the future.

Nice To Haves

• Associate degree or equivalent combination of education and experience required. Bachelor’s degree preferred.
• Commercial lending experience preferred

Responsibilities

• Complete a preliminary review of loan submissions to ensure regulatory and legal compliance
• Prepare loan documents in accordance with Commerce Bank’s credit policy
• Interpret complex loan documents to set loans up on the loan accounting system
• Post loan transactions and providing account problem resolution
• Process complex loan accounting transactions such as syndications and participations
• Provide ongoing monitoring and reporting of collateral securing commercial loans
• Complete a post-closing review to ensure all documents comply with regulatory requirements and Commerce Bank policy
• Collaborate with internal and external business partners to improve service levels
• Create or update procedural manuals and job aids as needed
• Provide research and resolution to customer concerns/issues
• Performing other duties as assigned

Benefits

• employer sponsored health, dental, and vision insurance
• 401(k)
• life insurance
• paid vacation
• paid personal time
• career development
• education assistance
• voluntary supplemental benefits

What This Job Offers

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