Commercial Loan Document Processor III

First Financial Bank • Cincinnati, IN

9d

About The Position

Commercial Loan Documentation Processors draft documents for various commercial loan products, including SBA loans, and work with business line partners, Relationship Managers, AAs, the bank’s SBA director, and legal counsel. The role requires a broad and detailed understanding of documenting and perfecting specialty commercial loans using loan-document drafting software and Microsoft Word. The processor takes a lead role in conforming standard documents to reflect transaction terms negotiated by the Relationship Manager and approved by the appropriate Credit approval committee.

The position provides client service and support to Commercial loan staff throughout Business Banking and Commercial loan documentation work. It reviews files for documentation accuracy before closing, confirms that pre-audit documentation is available, and prepares accurate loan documents with correct titles, dates, dollar amounts, guarantors, collateral, and covenants. The processor learns complex commercial products and their documentation requirements to perfect collateral and comply with applicable regulations, guidelines, and policies. The role may cross-train in Post Review and filing recorded documents in Commercial File Configuration, and assists the Team Lead and Supervisor with coaching processors, including on pre-document due diligence and final quality reviews before documents are released.

The associate is responsible for meeting First Financial Bank compliance requirements under applicable state and federal laws, regulations, policies, and procedures, including Bank Secrecy Act, Anti-Money Laundering, OFAC, suspicious activity reporting, and other lending and deposit compliance requirements. The position is incentive eligible.

Requirements

• At least 4 years of experience with complex commercial lending business products, including SBA, preferred.
• At least 4 years of experience with commercial loan core systems and document-drafting software preferred.
• At least 4 years of experience drafting loan documents free-form in Microsoft Word preferred.
• Ability to read legal documents at a level comparable to a paralegal and to analyze and interpret legal documents.
• Excellent written and verbal communication skills for corresponding with clients and legal counsel.
• Proficiency with Microsoft Office, including Word and Excel.
• Proficient typing skills.
• Strong attention to detail and ability to multitask.
• Ability to work in a high-volume, stressful environment with deadlines.
• Four-year certificate from a college or technical school; or four years of related experience and/or training; or an equivalent combination of education and experience.
• Strong time management and communication skills; self-motivated, energetic, and a team player.

Nice To Haves

• Experience with complex commercial lending business products, including SBA.
• Experience with commercial loan core systems and document-drafting software.
• Experience drafting loan documents free-form in Microsoft Word.

Responsibilities

• Draft documents for complex commercial loan products, including SBA loans, in coordination with business line partners, Relationship Managers, AAs, the bank’s SBA director, and legal counsel.
• Conform standard documents to reflect transaction terms negotiated by Relationship Managers and approved by the appropriate Credit approval committee.
• Provide client service and documentation support to Commercial loan staff across Business Banking and Commercial lending.
• Review Commercial loan files for documentation accuracy before closing and verify pre-audit documentation is available with the loan request.
• Learn complex commercial loan products and prepare appropriate documentation to perfect collateral and comply with applicable regulations, guidelines, and policies.
• Prepare accurate loan documents, including correct titles, dates, dollar amounts, guarantors, collateral, and covenants.
• Cross-train in the Post Review area and/or filing recorded documents in the Commercial File Configuration area.
• Assist the Commercial Loan Processor Team Lead and Supervisor with coaching other processors on document requirements and pre-document due diligence, and conduct final quality reviews before document release.
• Meet applicable bank compliance requirements, including BSA, AML, OFAC, suspicious activity reporting, and other lending and deposit compliance requirements.

Benefits

• Benefits and programs supporting associates’ holistic wellbeing are available; details are provided in the company Benefits Guide.
• Incentive eligible.

What This Job Offers

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