Equipment Finance Loan Fulfillment Specialist

Regions Bank•Birmingham, AL

29d•Onsite

About The Position

At Regions, the Equipment Finance Loan Fulfillment Specialist orchestrates the closing process for all members of the Relationship Team and vendors associated with each loan. The closing process entails aiding in completing, collecting, and analyzing documents necessary for the extension of credit, booking the loan, resolving documentation exceptions post-closing, and interacting with borrowers, outside counsel, bank associates, and a variety of third parties.

Requirements

High School Diploma or GED
Two (2) years of related financial services industry experience
Ability to provide excellent customer service
Demonstrates knowledge of commercial credit, regulatory (including Bank Secrecy Act - Anti Money Laundering Software (BSA/AML), Beneficial Ownership, Office of Foreign Assets Control (OFAC), Flood Regulations) and documentation policies
Demonstrates strong interpersonal, verbal and written communication skills
Excellent time management
Highly organized, detail-oriented, and able to manage multiple projects under time constraints
Responds with a sense of urgency

Nice To Haves

Bachelor’s degree
General knowledge of insurance requirements and other financial due diligence necessary for equipment transactions
General knowledge of syndicated transactions and the ability to collaborate with Capital Markets and other lenders for agent and non-agent deals
Previous Commercial Banking and/or Commercial Equipment Leasing Experience

Responsibilities

Drafts and reviews loan documentation for high complexity commercial loans in a multi-state environment
Engages with the deal team on forecasting loan pipeline activity and provides due diligence requirements as loans are assigned
Reviews attorney prepared loan packages for syndicated loans, often with Regions serving as the agent bank
Understands the risks associated with closing various types of commercial loans
Obtains the necessary documents to evidence the debt and secure the loan
Ensures the loan is closed per loan approval and that supporting documentation conforms to loan approval and policy
Identifies potential issues related to documentation, policy or regulatory requirement and remediates prior to closing
Communicates frequently with business partners throughout the closing process
Complies with departmental performance level metrics
Contributes to the formulation of plans to mitigate risks
Understands the client’s needs and identifies opportunities to improve and resolve client service issues related to the extension of commercial credit
Serves in a problem-solving capacity by providing client service for loan products
Addresses loan setup issues promptly to ensure system data integrity
Supports Regions Equipment Finance ensuring loans are booked timely, disbursing loan proceeds in accordance with loan approval and packaging loan documents

Benefits

Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates.
Paid Vacation/Sick Time
401K with Company Match
Medical, Dental and Vision Benefits
Disability Benefits
Health Savings Account
Flexible Spending Account
Life Insurance
Parental Leave
Employee Assistance Program
Associate Volunteer Program
Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time.