Commercial Loan Documentation Manager

Overview

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving.

We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization.

We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.

The Commercial Loan Documentation Manager is responsible for leading a team of Commercial Documentation Specialists who complete Laser Pro document preparation and attorney documentation reviews. The teams provide support for all commercial lending segments. (See Job Profiles for details). This role also serves as the Documentation and Loan Origination systems expert for the broader organization.

The salary range for this position is $60,000/yr - $121,300/yr plus bonus. The base salary indicated for this position reflects the compensation range applicable to all levels of the role across the United States. Actual salary offers within this range may vary based on a number of factors, including the specific responsibilities of the position, the candidate’s relevant skills and professional experience, educational qualifications, and geographic location

This role is responsible for ensuring effective processes and procedures are in place so the team can deliver a quality product in a timely manner to our internal and external clients. This person must have a thorough understanding of the systems used by their team, and processes defined in Loan Guidelines. The systems and processes include but are not limited to:

• Laser Pro (Documentation System)
• Commercial Online Application (CML and Abrigo/Sageworks)
• Signature/CBS (Core Banking System)
• Nautilus (imaging system)
• Docusign (eSign system)
• Loan Structuring/Processing guidelines
• Loan Document Preparation Guidelines
• Authority levels used for escalation and exception processing

• Establishes and maintains department guidelines and procedures
• Establishes and maintains effective workflow and service level expectations for team
  • Preparation of Loan Documents including specialty lending products and letters of credit
  • Review of loan documents prepared by outside legal counsel
• Primary contact for interfacing with partner teams on questions about Commercial Documentation processes and procedures.
• Serves as an escalation point for team issues and exception decisions.
• Collaborates with other members of loan fulfillment management to provide consistent guidance for team on new or changing processes.
• Promotes an environment where associates exercise appropriate levels of judgement, make decisions that allow the process to flow smoothly, and elevate appropriately based on the complexity of the loan and magnitude of risk to the bank, all with a goal of expediting the delivery of accurate product to internal and external clients.
• Works with all other departments within the company to continuously develop more efficient processes and ensure the development and implementation of policies and procedures are consistent with prescribed documentation requirements.
• Makes accurate decisions in imprecise situations, determining appropriate measures to protect the client and the bank, and explaining the decision and rationale with internal stakeholders.
• Analyze effectiveness of programs and policies and provide feedback to senior management regarding opportunities and threats to the organization.
• Assists Commercial Loan Fulfillment Director as a training resource for the broader Commercial Lending team
• Technical systems testing and development of procedures for commercial loan origination system, including interface with loan documentation application (currently Laser Pro) and other various supporting software.
• Resolves loan software system issues
• Identifies and provides coaching opportunities, as necessary.
• Responsible for evaluating and maintaining appropriate staffing levels.
• Works alongside Team Leads for recruitment and hiring for team
• Manages overall department calendar and provides final approvals for vacation/leave requests.

• Communicates what needs to change, why and impact of change.
• Demonstrates agility while…