Specialist I, Commercial Loan Operations, South Bend, IN

1st Source Bank • South Bend, IN

44d

About The Position

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.

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.

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

• 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.
• Performs all other duties as assigned.

What This Job Offers

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