Commercial Closing Team Lead

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 of 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 Closing Team Lead supports a team of Commercial Closing and Documentation Specialists who complete commercial loan processing, Laser Pro document preparation and attorney documentation reviews. The teams provide support for all commercial lending segments.

Salary Range

The salary range for this position is $51,700.00/Yr.

- $93,500.00/Yr.. 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.

Key Accountabilities

This role is responsible for overseeing the commercial closing and documentation processes to ensure service level expectations are being met and a quality product is delivered 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)
• Signature/CBS (Core Banking System)
• Nautilus (imaging system)
• Docu Sign (eSign system)
• Loan Structuring/Processing guidelines
• Loan Document Preparation Guidelines
• Authority levels used for escalation and exception processing

Team Leadership

• Assists in creating and updating processes and procedures for the department.
• Monitors team’s adherence to department guidelines and procedures.
• Oversees established workflows, load balancing and service level expectations to ensure a quality and timely product is delivered.
• • Loan Processing including specialty lending products and complex loan transactions
  • Preparation of Loan Documents
  • Review of loan documents prepared by outside legal counsel
• Plans workflow coverage when team members are on PTO and has ability to cover tasks themselves when needed.
• Works with team to provide options and solutions when issues arise.
• Works with Loan Fulfillment management team to provide options and solutions when ineffective processes/procedures are identified.
• Provides second-level reviews of critical items, as needed, to ensure accuracy prior to releasing closing documents.
• Serves as an escalation point for team issues and exception decisions.
• Acts as the direct supervisor for team of specialists (may include closing, documentation and senior positions).
• Technical systems testing and development of procedures for commercial loan origination system (currently CML), including interface with loan documentation application (currently Laser Pro) and other various supporting software.
• Responsible for training new team members and refresher training to existing team members.
• Serves as a training resource for RMs, Credit Underwriters and other commercial support staff.
• Responsible for team coverage and PTO approval for direct reports.
• Performs quarterly one-on-one meetings with each team member and provides ongoing coaching to…