Senior Commercial Loan Specialist

POSITION SUMMARY

Under the general supervision of the VP, Loan Administration Manager, the Senior Commercial Loan Specialist works closely with Lenders, Portfolio Managers & Loan Assistants to ensure Commercial Loan Documentation is prepared in accordance with the Bank’s lending policies and approvals. Performs a pre‑funding and post‑closing review of all documents and assures that all closing conditions have been met. Reviews and monitors pre‑ and post‑closing quality control procedures.

• Perform Pre‑ and Post‑closing Reviews on all commercial loan documentation to assure documents are in line with the approval and all closing conditions have been satisfied prior to funding.
• Work closely with Attorneys, Commercial Lenders and Loan Assistants to ensure an efficient closing process.
• Review credit approvals for commercial loans for accuracy.
• Perform post‑closing review for all commercial loan modifications; assure documents are prepared in accordance with approval authority.
• Take responsibility for the ongoing review of the document exception report and follow up with appropriate staff to ensure all documents are received in a timely manner.
• Review all Flood policies for properties located in a flood zone prior to closing to assure policy compliance with Federal regulations and Bank policy.
• Review all Hazard Insurance binders/policies prior to closing to assure Bank is properly listed as mortgagee and that there is sufficient insurance.
• Reconcile Miner Invoice for Force Placement Insurance and work with Commercial Loan Assistants and Lenders to ensure that active policies are received.
• Perform post‑closing review and assure all collateral on commercial loans has been properly perfected.
• Work closely with the Senior Booking Specialist to ensure timely and accurate commercial loan booking to the Core System.
• Perform the UCC continuation process and assure that all UCCs are renewed in a timely manner; perform historical UCC filings in Wolters Kluwer for any UCC filed by an attorney; reconcile Wolters Kluwer invoice to ensure that continuation fees are being added to the appropriate loans.
• Provide final Quality Control on all commercial loans to ensure originals have been filed properly and all documentation has been uploaded into OnBase in accordance with bank policy.
• Review CRA and HMDA data sheets for accuracy prior to submission.
• Complete Monthly Small Business Administration Reporting.
• Represent the department in various committees such as Compliance and other committees as designated by the VP/Loan Administration Manager.
• Respond to audit requests including Internal, External and OCC; complete BSA, AML, and other Regulatory and Continuing Education as assigned.
• Adhere to all bank and regulatory policies and procedures specific to the position.

Additional responsibilities related to the Senior Commercial Loan Specialist role may be assigned by management as needed.

Competencies

• Communication
• Decision‑Making/Judgment
• Job Knowledge
• Productivity & Time Management
• Quality Results Focus

Education / Experience / Skills & Abilities

• Bachelor’s Degree or equivalent work‑related experience required.
• Three to five years of similar or related experience.
• Knowledge of each operational aspect of the department.
• Excellent communication skills.
• Working knowledge of Microsoft Office (Word and Excel) required.
• Ability to organize, prioritize, delegate, meet deadlines and balance numerous tasks at the same time.

Must adhere to all bank and regulatory policies and procedures specific to the position.