Credit Products Commercial Loan Fulfillment Specialist

Thank you for your interest in a career  Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.

At Regions, the Credit Products Commercial Loan Fulfillment Specialist orchestrates the closing process for all members of the Relationship Team and vendors associated with each loan. The closing process entails providing assistance by 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.

Primary Responsibilities

• Drafts and reviews loan documentation ranging from simple to high volume or high complexity for commercial purpose loans in a multi-state environment
• 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 requirements 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
• Partners with one (1) or more of the following segments:
  Commercial Banking, Branch Small Business, Private Wealth, Real Estate Banking (including Home Builder Finance, Income Property Finance, Affordable Housing, Real Estate Corporate Banking), Regions Equipment Finance, Specialized and Diversified Industries, and Problem Asset Management
• Supports Real Estate Banking, Regions Equipment Finance, Specialized and Diversified Industries, and Problem Asset Management through the timely booking of loans, accurate disbursement of loan proceeds in accordance with loan approvals, and the preparation and packaging of loan documentation
• May assist in training team members on loan documentation, compliance requirements, and other key processes

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.

Requirements

• High School Diploma or GED
• Four (4) years of related banking experience
• General knowledge of insurance requirements and other property due diligence necessary for real estate transactions
• General knowledge of syndicated transactions and the ability to collaborate with Capital Markets and other lenders for agent and non-agent deals if supporting Real Estate Banking, Regions Equipment Finance, Specialized and Diversified Industries, and Problem Asset Management

Preferences

• Bachelor’s degree
• Previous Commercial Banking and/or Commercial Equipment Leasing Experience

Skills and Competencies

• 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…