Post Closing Commercial Specialist

Fulton Bank • Manheim Township, PA

6d • $22 - $37 • Onsite

About The Position

This role is responsible for performing comprehensive reviews of all executed commercial new loan and modification packages ensuring loan files are accurately documented in line with approvals, legal requirements, bank policies and regulatory requirements. The specialist ensures all perfection activities have been initiated and any trailing documents or open conditions are identified and monitored through completion. Performs a variety of skilled and confidential administrative activities related to post-closing due diligence and document review and may assist with pre-closing functions that require an expanded level of commercial lending and loan documentation knowledge.

Requirements

• High School Diploma or equivalent.
• 3 or more years commercial post closing, due diligence, loan servicing, or loan operations, preferably in a banking or financial institution.
• 2 or more years hands-on experience in loan document review, condition fulfillment, lien perfection and collateral management.
• 2 or more years experience with loan origination systems such as nCino, documentation and workflow systems such as Nautilus, and core banking systems.
• 2 or more years experience with exception tracking and document monitoring processes.
• Proficiency with loan origination systems such as nCino and core operating systems such as FiServ Signature management.
• Knowledge of regulatory requirements and post closing conditions, ensuring proper documentation compliance.
• Attention to detail to ensure the accuracy and completeness of loan reporting, while resolving any discrepancies in a timely manner.
• Ability to work with various stakeholders to monitor and manage the post-closing pipeline, ensuring all post-closing requirements are prioritized, processed, and fulfilled efficiently.
• Ability to coordinate with other departments (such as underwriting, fulfillment, loan servicing, collateral & records management and compliance) to ensure a smooth workflow through post-closing.
• Proven knowledge of closing policies and procedures, funding policies, underwriting requirements, government and agency requirements, terminology, and automated processing systems.
• Proven knowledge of applicable credit policies and approval process for assigned product(s).
• Strong ability to read, analyze, and interpret complex documents and procedures relating to state and federal commercial lending regulation.
• Strong problem-solving skills and a proactive approach to identifying and resolving issues.

Responsibilities

• Works independently and effectively manages and prioritizes a high volume of work as assigned.
• Able to understand complex loan structures, complex collateral, and work with fulfillment teams and management to resolve identified issues or discrepancies with limited guidance.
• Maintains the ability to analyze, problem solve and recognize when independent decisions can be made while remaining aware of when to involve higher supervisory or management level staff.
• Accurately follows established internal operating procedures to perform a wide variety of commercial lending functions, including but not limited to validation of all approved terms and conditions of new loan and modification requests including loan party and collateral review and verification, effective coordination with other support and compliance teams, completion of trailing documentation requirements, and delivery of high quality work to team members.
• Responsible for conducting a self-review of work completed to ensure a high level of accuracy.
• Identifies issues requiring collaboration with fulfillment teams to identify an accurate resolution when needed.
• Ensure all loan documents are present, properly executed, and comply with bank policies and conditions of loan approval.
• Verify that insurance requirements are met, ensuring the bank’s collateral is adequately protected.
• Perform system data audits to verify accuracy, completeness and alignment with documentation before initiating booking loans to the core system.
• Ensure that collateral management activities have been initiated.
• Establish direct contact and follow up with internal and external stakeholders to obtain missing documents and resolve open items or discrepancies.
• Serves as a resource for bank lenders by providing advice and information regarding commercial loans and answering inquiries that may require further research.
• Ensure that all post-closing activities comply with federal and state regulations related to commercial lending, including proper documentation and data handling.
• Maintain a thorough understanding of commercial lending regulations and industry standards.
• Adapt and expand knowledge continually to stay current with regulatory changes and procedural updates.

Benefits

• medical plans with prescription drug coverage
• flexible spending account or health savings account depending on the medical plan chosen
• dental and vision insurance
• life insurance
• 401(k) program with employer match
• Employee Stock Purchase Plan
• paid time off programs including holiday pay and paid volunteer time
• disability insurance coverage
• maternity and parental leave
• adoption assistance
• educational assistance
• robust wellness program with financial incentives

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED