Commercial Loan Documentation Specialist

Busey Bank • Creve Coeur, MO

1d

About The Position

The Commercial Documentation Specialist is responsible for preparing commercial loan documents in accordance with loan approval, bank policy and regulatory requirements. This position must evaluate and analyze the approval and any supporting documentation to determine the necessary required loan documents needed to conform to the loan approval as well as enforce legality, proper lien position and collateral coverage.

Requirements

• Strong oral and written communication skills
• Extensive knowledge of Commercial Loan Documentation parameters
• Understanding of regulatory requirements for commercial loans
• Ability to multi-task and work independently and as part of a team
• Perform duties under frequent time pressures with ability to prioritize
• Complete work with frequent interruptions
• Problem solve and exercise exceptional use of good judgment with respect to issues and circumstances as they arise
• Requires continual attention to detail in composing and proofing materials, establishing priorities and meeting deadlines
• Associates degree in Business, Finance, Accounting, Economics or relevant discipline preferred.
• Equivalent years of relevant work experience may be considered in lieu of a degree.
• 0-2 years' experience in commercial loan documentation or commercial loan collateral review/audit role preferred.
• Proficient knowledge of Microsoft Office Software, Laser Pro and ability to master other proprietary banking systems.

Responsibilities

• Prepare loan documents in accordance with loan approval: loan amounts, pricing (interest rates, change frequencies, index and index spreads, and fees), repayment (term and amortizations), covenants including definitions and testing requirements, collateral including advance rate adherence, and other requirements and conditions precedence.
• Review deal submission and supporting documentation provided through bank’s proprietary workflow system to determine the documentation parameters and required contents of the final loan package for closing.
• Collaborate with internal Credit, Loan Coordination and Relationship Manager Associates on deal structure, supporting documentation and to obtain additional items needed to prepare documents and perfect our security interest.
• Confirm supporting documents adhere to Bank’s Policies and Regulations (CRA, HMDA, CD, OFAC, Flood (signed NTB and adequate coverage), and Patriot Act, Regulations B, O, U and Z, Appraisals, Environmental and Beneficial Ownership documents.
• Proficiency within the Laser Pro system for Doc Prep, as well as bank’s core system for research purposes and workflow system used for queue assignment and individual deal flow
• Responsible for meeting and maintaining Service Level Standards, metrics as assigned and individual accountability measures.

Benefits

• 401(k) match
• profit sharing
• employee stock purchase plan
• paid time off
• medical
• dental
• vision
• company-paid life insurance
• long-term disability
• supplemental voluntary life insurance
• short-term disability
• wellness incentives
• employee assistance program
• pre-tax health savings accounts
• flexible spending accounts

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: Associate degree
• Number of Employees: 501-1,000 employees