Monetary Loan Transactions Specialist

Regions•Hoover, AL

3d•$43,500 - $52,540•Onsite

About The Position

Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice. At Regions, the Corporate Loan Fulfillment Specialist orchestrates the closing process for all members of the Relationship Team and vendors associated with each loan. The closing process entails providing assistance by 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 property due diligence necessary for real estate 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
Partners with one (1) or more of the following segments: Real Estate Banking (includes Home Builder Finance, Income Property Finance, Affordable Housing, Real Estate Corporate Banking), Regions Equipment Finance, Specialized & Diversified Industries, and Problem Asset Management
Supports in Real Estate Banking, Regions Equipment Finance, Specialized & Diversified Industries, and Problem Asset Management includes ensuring loans are booked timely, disbursing loan proceeds in accordance with loan approval and packaging loan documents