Corporate Loan Closing Coordinator I

First Commonwealth Bank•Pittsburgh, PA

5d•Hybrid

About The Position

This role is responsible for coordinating the closing process for attorney-prepared loans. Key duties include managing the loan closing schedule, reviewing loan documentation with various stakeholders to ensure adherence to bank requirements and approved structures, and providing support to the attorney-prepared loan documentation team with miscellaneous tasks.

Requirements

A bachelor’s degree in accounting or business-related field and/or two (2) years of equivalent experience is required.
A strong understanding of loan structures and financial statements are required.
A working knowledge of bank operating policies, procedures and knowledge of compliance regulations related to the position are required.
Proficient reading, writing, grammar, analytical, mathematical, communication and interpersonal skills required.
Strong computer skills are necessary.
Proficiency with MS Excel, and MS Word necessary.

Nice To Haves

A minimum of (2) years’ experience working with attorney prepared loan documents desired.
Exceptional interpersonal, verbal and written communication, negotiation and presentation skills are necessary.

Responsibilities

Coordinates the Attorney prepared loan closing process by acting as a go between the Attorney Prepared Loan Documentation team and Commercial Lending teams on loan closings to ensure all items needed for closings are received so that loans can be funded and uploaded accurately and timely.
Create internal invoices for clients
Organizes final documentation package to ensure all required documents have been received.
Manage and maintain loan closing calendar.
Work with LP team leader to assign loans.
Ensure all loan workflows are assigned in a timely manner
Prepares and updates closing checklists as needed.
Provides support to the AP documentation team by completing Short Term extension waivers, Service Events, and Amortization Schedules.
Reviews Attorney prepared loan documents to make sure Bank’s required conditions are included and documents match terms and conditions outlined in Credit Approval.
Ensures loan documents adhere to the underwriting and loan policy standards of the Bank.
Acts as a backup to perform other closing functions on an as needed basis.
Completes reports, research, and projects upon request.
Maintains a working knowledge of bank operating policies and procedures.