Commercial Loan Operations Specialist Lead

Commercial Loan Operations Specialist Lead
The Commercial Loan Operations Specialist Lead provides operational support for an array of banking commercial products. Under limited supervision, this job works on projects and prospects associated with commercial operations by coordinating data input processes, quality control, client statement preparations and error identification. This job solves escalated reporting issues and consistently works to maintain the accuracy of the company's commercial loan management system.

Key Responsibilities and Duties

• Coordinates processing of commercial banking operations such as loans, letters of credit and banking guarantees.
• Ensures accuracy, quality and completeness of data inputs from loan applications and related documentation into a commercial loan management system.
• Supports preparation of statements for clients, along with conducting reconciliation and investigation efforts when needed.
• Retrieves and provides information on existing loans to clients as requested.
• Ensures best practices for resolving out-of-balance transactions are followed.
• Identifies and corrects erroneous transactions and reports major issues to senior colleagues for issue resolution.
• Trains, delegates and reviews work of junior colleagues to ensure high quality delivery of services and products.

Educational Requirements

• University (Degree) Preferred

Work Experience

• 5+ Years Required; 7+ Years Preferred

Physical Requirements

• Physical Requirements: Sedentary Work

Career Level
8IC

This role will be responsible for the boarding and servicing of commercial loans in the Commercial & Industrial (C&I) space focusing on working capital lines of credit, equipment finance, commercial real estate, public finance Loans, commercial loans, industrial loans & agricultural loans.

• Responsible for performing a comprehensive review of legal and other booking/boarding documents prior to boarding.
• Responsible for accurately boarding new loans in Loan Servicing System
• Responsible for accurately performing advances, disbursements, and other servicing activities through duration of loan.

Preferred Qualifications

• 5+ years of diverse C&I loan servicing experience and in-depth, expert knowledge of associated loan documentation.
• Significant, demonstrable experience related to appropriate servicing system data entries needed to properly align servicing system financial processing outcomes to the intended financial structure of the loan.
• Experience with systems used to service C&I loans. FIS servicing systems desired but not required.

Posting End Date: 11/11/24