Commercial Loan Operations Specialist I, South Bend, IN

1st Source • South Bend, IN

9h

About The Position

POSITION SUMMARY Responsible for preparing business loan documentation, ensuring the bank has collateral perfection, and performing post-closing loan servicing to adhere to the credit approval and the bank's policies and procedures. ESSENTIAL REQUIREMENTS Reviews and determines the appropriate documentation and perfection requirements according to the credit approval within service standard agreements. Examines loan documentation or accuracy, completeness and properly executed signatures. Ensures appropriate due diligence requirements are completed. Works closely with relationship managers and documentation staff in processing loan and lease transactions. Boards loan to loan system and performs a 2 day verification of financial data. Follows up directly with internal and external customers for pending items. Performs monthly review of various reports to ensure accuracy including financial and regulatory data and perfection of bank’s lien. Performs necessary follow up and updates to ensure compliance. Manages various reports clearing exceptions and performs collateral audits working with relationship managers and customers to gather required documentation or information to clear the exceptions. Regular and predictable attendance is an essential requirement of the position. Responsible for the completion of all compliance training related to the position. Must understand all applicable laws and regulations that apply to the position and complies with the requirements. NON-ESSENTIAL FUNCTIONS Performs all other duties as assigned.

Requirements

• One (1) to three (3) years of related experience preferred
• Good PC skills--proficiency in Microsoft Word and Excel essential
• Good communication and organizational skills
• Ability to handle multiple tasks in a fast-paced environment
• Detail oriented
• Regular and predictable attendance is an essential requirement of the position.

Nice To Haves

• Prior commercial loan documentation and perfection of lien experience for titled, non-titled and real estate collateral preferred.
• Bachelors Degree preferred.

Responsibilities

• Preparing business loan documentation
• Ensuring the bank has collateral perfection
• Performing post-closing loan servicing to adhere to the credit approval and the bank's policies and procedures
• Reviews and determines the appropriate documentation and perfection requirements according to the credit approval within service standard agreements
• Examines loan documentation or accuracy, completeness and properly executed signatures
• Ensures appropriate due diligence requirements are completed
• Works closely with relationship managers and documentation staff in processing loan and lease transactions
• Boards loan to loan system and performs a 2 day verification of financial data
• Follows up directly with internal and external customers for pending items
• Performs monthly review of various reports to ensure accuracy including financial and regulatory data and perfection of bank’s lien
• Performs necessary follow up and updates to ensure compliance
• Manages various reports clearing exceptions and performs collateral audits working with relationship managers and customers to gather required documentation or information to clear the exceptions
• Responsible for the completion of all compliance training related to the position
• Must understand all applicable laws and regulations that apply to the position and complies with the requirements
• Performs all other duties as assigned.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level