VP Commercial Loan Closing & Administration - Brea (on-site)
Apply NowCompany: Sumitomo Mitsui Financial Group, Inc.
Location: Brea, CA 92821
Description:
ABOUT THE ORGANIZATION
SMBC MANUBANK was formed by a group of banking entrepreneurs in June 1962. Our scope is to serve the specialized needs of California middle-market businesses, manufacturers, wholesalers, distributors, importers, exporters, and service companies, including small businesses and professionals.
The anticipated salary range for this role is between $91,000.00 and $160,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.
Our mission is to be "the bank of choice" for middle market and professional service companies by establishing long term customer relationships and loyalty, providing superior products and services through a core of highly skilled and seasoned bankers.
To achieve our mission to be the 'bank of choice' for middle market and professional services companies, we are focused on our vision to be the premier California regional business bank that can provide the sophistication and expertise of a larger institution with the personal 'high touch' services of a smaller bank.
Specialties:
Commercial Loans and Lines of Credit, Asset-Based Financing, SBA Loans, and Specialized Financing, Real Estate Loans, Cash Management Services, International Services
SUMMARY:
Reporting to the VP department head, this position will work closely with colleagues in the Line of Businesses, Loan Documentation Unit, and Loan Operations Unit to help coordinate loan closing and booking, quality control on boarded loans, creation and management of tickler reports, and responding to inquiries. Adaptable to changing requirements and responsibilities. Team player that looks for ways to improve process and coach junior members of the team.
DUTIES & RESPONSIBILITIES:
Pre-closing, closing, post-closing process
Follow client loan cycle from pipeline discussion, term sheet, credit approval, KYC, documentation, closing, initial funding and post-closing.
Engage internal stakeholders to help facilitate the onboarding and ongoing client maintenance processes. Coordinate client onboardings across multiple functions / units - Front Office, Compliance, AML, Operations, Legal, etc. in a high pressure / time-sensitive environment.
Manage and lead the coordination of commercial loan closings from term sheet to initial funding and booking. Interface with internal business partners, title companies, attorneys.
Review bank agreements, legal documents, and other paperwork for completeness and accuracy against credit approval.
Collect, review, analyze due diligence required to close a commercial loan including entity documentation, UCC searches, flood determinations, appraisals, environmental reports, insurance, title surveys and other documentation as required.
Keep log of exceptions to credit policy.
Prepare boarding documents for submission to Loan Operations Unit.
Review Conditions Precedent to closing and engage with stakeholders to obtain missing items.
Review documentation to ensure appropriate Credit Approvals are in place.
Ensure policies are followed with respect to credit approval
Review status of KYC and if risk score has been assigned and included in credit approval.
Review ACBS or other loan system of record for accuracy within 15 days after closing.
Follow up with Relationship and Portfolio Managers to update tickler status.
Participate in testing enhancements to client due diligence databases, reports, and systems.
Assist with special projects and audits, as necessary.
Attend training sessions to gain understanding of loan process, documentation, banking products, KYC/AML, Compliance, etc.
Be willing to cross-train and be cross-trained in other departments within Middle Office.
Perform background checks in Horizon, ChexSystems, LexisNexis or other systems as required.
Participate in Business Continuity Management testing as needed.
Other duties as assigned by management.
Quality Control
Review legal documentation and credit approval and ensure policy exceptions are reported.
Data Attestation: Review loan system data to confirm match with Credit Approval / loan documents.
Process Tickler reports (pull reports from systems to generate past due, upcoming items).
Reporting
Pull reports as requested to include:
o Experian, Dun & Bradstreet, UCC filings, Certificate of Good Standing, Flood Certificates, IBISWorld, Property profiles, OFAC, Profit Vision, Secretary of State documents
Vendor Management
Review and reconcile billing for various internal vendors - Lexis/Nexis, Experian, D&B, etc.
Ensure that billing matches system use.
Work with accounts payable to ensure bill has been paid.
Assist with third-party vendor management Compliance.
Compliance/Audit
Assist in review of records for audit compliance.
POSITION SPECIFICATIONS:
Education:
Skills/ Qualifications:
Bachelors degree or equivalent
Ability to learn and adapt to new information and systems
Ideally at least 5 years of experience working in a loan operations/loan documentation department
Problem-solving, organizational and time management skills
Attention to detail
Familiarity with legal agreements and other aspects of loan documentation and collateral.
Strong interpersonal skills
Composure in fast-paced, high-pressure environments
Team player
EOE STATEMENT
SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.
CCPA DISCLOSURE
Personal Information Collection Notice: This notice contains information under the California Consumer Privacy Act (CCPA) about the categories of personal information (PI) of California residents that SMBC MANUBANK collects and the business or commercial purpose(s) for which the PI may be used. We do not sell PI. More information about our collection and use of PI may be found in our CCPA Privacy Policy at https://www.smbcmanubank.com/privacy/ccpa-disclosure. Persons with disabilities may contact our Customer Contact Center toll-free at (877) 560-9812 to request the information in this Notice in an alternative format.
SMBC MANUBANK was formed by a group of banking entrepreneurs in June 1962. Our scope is to serve the specialized needs of California middle-market businesses, manufacturers, wholesalers, distributors, importers, exporters, and service companies, including small businesses and professionals.
The anticipated salary range for this role is between $91,000.00 and $160,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.
Our mission is to be "the bank of choice" for middle market and professional service companies by establishing long term customer relationships and loyalty, providing superior products and services through a core of highly skilled and seasoned bankers.
To achieve our mission to be the 'bank of choice' for middle market and professional services companies, we are focused on our vision to be the premier California regional business bank that can provide the sophistication and expertise of a larger institution with the personal 'high touch' services of a smaller bank.
Specialties:
Commercial Loans and Lines of Credit, Asset-Based Financing, SBA Loans, and Specialized Financing, Real Estate Loans, Cash Management Services, International Services
SUMMARY:
Reporting to the VP department head, this position will work closely with colleagues in the Line of Businesses, Loan Documentation Unit, and Loan Operations Unit to help coordinate loan closing and booking, quality control on boarded loans, creation and management of tickler reports, and responding to inquiries. Adaptable to changing requirements and responsibilities. Team player that looks for ways to improve process and coach junior members of the team.
DUTIES & RESPONSIBILITIES:
Pre-closing, closing, post-closing process
Follow client loan cycle from pipeline discussion, term sheet, credit approval, KYC, documentation, closing, initial funding and post-closing.
Engage internal stakeholders to help facilitate the onboarding and ongoing client maintenance processes. Coordinate client onboardings across multiple functions / units - Front Office, Compliance, AML, Operations, Legal, etc. in a high pressure / time-sensitive environment.
Manage and lead the coordination of commercial loan closings from term sheet to initial funding and booking. Interface with internal business partners, title companies, attorneys.
Review bank agreements, legal documents, and other paperwork for completeness and accuracy against credit approval.
Collect, review, analyze due diligence required to close a commercial loan including entity documentation, UCC searches, flood determinations, appraisals, environmental reports, insurance, title surveys and other documentation as required.
Keep log of exceptions to credit policy.
Prepare boarding documents for submission to Loan Operations Unit.
Review Conditions Precedent to closing and engage with stakeholders to obtain missing items.
Review documentation to ensure appropriate Credit Approvals are in place.
Ensure policies are followed with respect to credit approval
Review status of KYC and if risk score has been assigned and included in credit approval.
Review ACBS or other loan system of record for accuracy within 15 days after closing.
Follow up with Relationship and Portfolio Managers to update tickler status.
Participate in testing enhancements to client due diligence databases, reports, and systems.
Assist with special projects and audits, as necessary.
Attend training sessions to gain understanding of loan process, documentation, banking products, KYC/AML, Compliance, etc.
Be willing to cross-train and be cross-trained in other departments within Middle Office.
Perform background checks in Horizon, ChexSystems, LexisNexis or other systems as required.
Participate in Business Continuity Management testing as needed.
Other duties as assigned by management.
Quality Control
Review legal documentation and credit approval and ensure policy exceptions are reported.
Data Attestation: Review loan system data to confirm match with Credit Approval / loan documents.
Process Tickler reports (pull reports from systems to generate past due, upcoming items).
Reporting
Pull reports as requested to include:
o Experian, Dun & Bradstreet, UCC filings, Certificate of Good Standing, Flood Certificates, IBISWorld, Property profiles, OFAC, Profit Vision, Secretary of State documents
Vendor Management
Review and reconcile billing for various internal vendors - Lexis/Nexis, Experian, D&B, etc.
Ensure that billing matches system use.
Work with accounts payable to ensure bill has been paid.
Assist with third-party vendor management Compliance.
Compliance/Audit
Assist in review of records for audit compliance.
POSITION SPECIFICATIONS:
Education:
Skills/ Qualifications:
Bachelors degree or equivalent
Ability to learn and adapt to new information and systems
Ideally at least 5 years of experience working in a loan operations/loan documentation department
Problem-solving, organizational and time management skills
Attention to detail
Familiarity with legal agreements and other aspects of loan documentation and collateral.
Strong interpersonal skills
Composure in fast-paced, high-pressure environments
Team player
EOE STATEMENT
SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.
CCPA DISCLOSURE
Personal Information Collection Notice: This notice contains information under the California Consumer Privacy Act (CCPA) about the categories of personal information (PI) of California residents that SMBC MANUBANK collects and the business or commercial purpose(s) for which the PI may be used. We do not sell PI. More information about our collection and use of PI may be found in our CCPA Privacy Policy at https://www.smbcmanubank.com/privacy/ccpa-disclosure. Persons with disabilities may contact our Customer Contact Center toll-free at (877) 560-9812 to request the information in this Notice in an alternative format.