GENERAL FUNCTION: Under minimal supervision, perform duties that are highly complex and require specialized knowledge of loan and line products as well as collateral documentation. Specialists II are responsible for loan documentation review frominternaland external counsel, and processing within stringent timeframes in order to reduce risk of financial loss and reputational risk for the Bancorp. The Specialist II is also responsible to insure all document and collateral perfection requirementshave beenmet in order to satisfy the Bancorp's position and security interest.
Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank#s risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
Performs in-depth review of loan packages valued between $50k and $600mm, insuring that all required loan documents are received from the loan closing and properly executed per required credit approval. These documents will vary greatly from loantoloan, due to preparation by various external legal firms. This process review will include loan life-cycle reconstruction, perfection of all new collateral (e.g. file UCC, mortgage recordings, insurance assignments, etc) and the creation/updateofcollateral records.
Identifies any missing required documents and inputs, updates and deletes exceptions on the banks exception system.
Proactively communicates issues with RMs, PMs, U/W, BBOs, Branch Managers and Middle Office, External Council, Courthouses, and Federal and State Agencies.
Partners with key line-of-business stakeholders to minimize risks in the end-to-end Commercial loan process.
Proactive in identifying potential risks and concerns while consulting with management to resolve issues within the guidelines established.
Initiates the collateral and guarantor release process in conjunction with appropriate credit
document questions, tickler monitoring and exceptions.
Assists Banking Center and Relationship Manager personnel with questions and information
Utilizes complete understanding of state laws related to commercial notes and perfection and full understanding of executed new and renewal loan packages.
Conveys ability to negotiate and collaborate with others, initiate action, adapt to change, make difficult decision while considering the risk and accepting challenging assignments.
Initiates holds on various Retail and/or Brokerage accounts from intensive review of required legal language contained within loan documentation.
SUPERVISORY RESPONSIBILITIES: None.
MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:
Associates degree or 2+ years experience of review and/or processing of legal documents.
3 years experience with a focus on internally and externally prepared loan documentation, collateral perfection, or related work experience.
Knowledge of Pre and Post Article 9 rules governing the perfection of UCC related collateral.
Knowledge of filing requirements for unique collateral such as equine, airplane engines,
assignment of contracts and assignment of membership interests.
Knowledge of federally regulated programs such as Reg H, Flood, CIP
Strong time management and organizational skills evidenced in previous assignments.
Demonstrates an understanding of applicable bank policies and procedures.
Strong knowledge of loan documents and requirements.
Strong knowledge of commercial lending and loans.
Thorough understanding of all Business Banking and Commercial loan products.
Thorough knowledge of Business Banking and Commercial Lending Credit Policy/Guidelines.
Thorough knowledge of loan documentation, collateral evaluation, lien perfection, local, state
and federal regulatory requirements.
Strong knowledge of states laws related to commercial notes and collateral perfection.
Strong knowledge of B2B, CCAS, AFS, ACBS, Loan Doc Prep System, and other banking systems
Self-starter and works with minimal direction.
Strong analytical, verbal and written communication skills.
Strong negotiation skills.
Strong interpersonal skills and team orientation.
Ability to meet deadlines under pressure.
Ability to appropriately escalate issues requiring problem solving and decision making.
Fifth Third Bank