Equipment Finance Loan Fulfillment Specialist

Equipment Finance Loan Fulfillment Specialist

At Regions, the Equipment Finance Loan Fulfillment Specialist orchestrates the closing process for all members of the Relationship Team and vendors associated with each loan. The closing process entails aiding in 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.

• 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
• Supports Regions Equipment Finance ensuring loans are booked timely, disbursing loan proceeds in accordance with loan approval and packaging loan documents

This position requires the tracking of time and is eligible for overtime hours worked in excess of 40 per week under the Fair Labor Standards Act.

• High School Diploma or GED
• Two (2) years of related financial services industry experience

• Bachelor's degree
• General knowledge of insurance requirements and other financial due diligence necessary for equipment 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

• 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

Full time

Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.

The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.

$43,500.00 USD

$52,540.00 USD

This job is not incentive eligible.

• Paid Vacation/Sick Time
• 401K with Company Match
• Medical, Dental and Vision Benefits
• Disability Benefits
• Health Savings Account
• Flexible Spending Account
• Life Insurance
• Parental Leave
• Employee Assistance Program
• Associate Volunteer Program

Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions' benefits, please visit the provided link.

Regions Center

Location:

Birmingham, Alabama

Equal Opportunity Employer/including Disabled/Veterans