Commercial Loan Operations Specialist II

Commercial Loan Operations Specialist II

Job Category:
Commercial Credit

Requisition Number: COMME
004780

Employment Type:

Full Time

Location:

Showing 1 location

Grade: 9

Republic Bank’s values are built upon making an IMPACT for our clients, our associates and the communities we serve. (IMPACT stands for Innovate for the Future, Make it Easy, Provide Exceptional Service, Acknowledge & Celebrate Success, Commit to Caring and Thrive Together) The associates of Republic Bank are the key to our success as an organization and we value our associates.

It’s one of the reasons we’ve been named as one of the Best Places to Work in Kentucky for ten years! For more information about the company, please visit

The Commercial Loan Operations Specialist II is responsible for accurately documenting each file according to the Bank’s policy, procedures, guidelines, and compliance requirements as well as the creation, coordination, compliance, and review of commercial loan documents to the Bank’s policies and procedures. In addition, this position will process complex commercial transactions that will include the review and negotiation of attorney prepared loan documents as well as coordination of closings with Bank approved attorneys.

As well, this position will assist with the completion of the disbursements and quality review before and after closing as needed.

• Three years of commercial loan processing experience preferred.
• Two years of commercial loan document experience required.
• Paralegal preferred.
• Proficiency in Microsoft Office products and internet applications.

• Setup and analyze all incoming loan files on the Bank’s loan operating system for all due diligence items needed to accurately document the loan according to the Bank’s guidelines and compliance standards.
• Coordinate internal activities with the lending team to work toward an anticipated closing date.
• Coordinate external activities with the title companies, attorneys, surveyors and other pertinent parties.
• Work with the lending team to ensure all necessary documentation is collected and stored on the Bank’s loan operation system according to the Bank’s guidelines and compliance standards. Make decisions involved in the negotiation of the loan documents within approval limits and escape any language that requires additional approval.
• Review business & trust documentation to determine authorized signers and entity information.
• Complete daily workflow on files to ensure receipt of all necessary documentation by using the commercial loan operating system.
• Coordinate with closing attorneys all the necessary information to complete a closing package accurately and timely.
• Demonstrate understanding of all loan products, lending authority, and Bank policy and procedures as they pertain to commercial lending.
• Determine and clear documentation exceptions and track for trailing items in the commercial loan operating system.
• Review loan for proper approval and processing completion; knowledge of proper commercial loan documentation necessary to protect the Bank.
• Prepares all documentation for extension, modifications, renewals, and new commercial loans.
• As needed, assist with the proper disbursement of loan funds and the quality review of loan packages to ensure all items are returned as needed and collateral is secured.
• Ensure all loans are being delivered within department set SLAs.
• Ensures that all loans are being disbursed properly, meet compliance guidelines, and all collateral is secured.
• Provide backup to teams leads with the tracking of documents for trailing items; which must be cleared within designated time period.
• Assist with the Lereta (Tax Service) system, including reviewing the bill for accuracy.
• As new processes, procedures and software updates are introduced, serves as a department resource to provide continued education to team.
• Assist with all department reporting, including research that may be needed and the management of ongoing reports.
• Maintain a working knowledge of compliance requirements affecting your position and area of responsibilities…