Commercial Banking - Wholesale Lending Services - Credit Support Senior Specialist

Compensation

: $83,436.67 - $128,680.00 /year *

Employment Type

: Full-Time

Industry

: Financial Services - Banking/Investment/Finance



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The Credit Support Senior Specialist
is a relationship based position that works closely with Bankers, Underwriters,
Legal Counsel, and others, as an Operations function within the deal team to
coordinate tasks for commercial loan facilities to auto dealerships.
The Credit Support Senior Specialist will have contact
with clients, as directed by the Banker managing the client relationship.
Works with complex commercial
loans for auto dealerships, which includes, but is not limited to the
following types of financing:
Floorplan, Acquisition, Term Notes, Lines of Credit, Real Estate
and Construction, and Letters of Credit.
Serves as the primary liaison for loan
transactions to coordinate tasks necessary to document and close loans,
such as due diligence collection, entity review, collateral review and
loan documentation for approved loans.
Responsible for review of the credit approval,
verification of due diligence to ensure loan will be closed in accordance
with approval, as well as coordination of appropriate loan documentation preparation
for new, renewal, & modification of loans.
Independently identifies and manages vendor
and documentation risk to the bank.
Reviews loan packages for adherence to
credit approval and determination of appropriate due diligence necessary
to ensure proper collateral position.

Reviews the following but not limited to:
business entity and organizational documents to include all types of
entities, good standing of business entities, and Uniform Commercial Code
(UCC) searches, as required.
Coordinates ordering, obtaining and
reviewing title work, surveys, appraisal and environmental reports, flood
determinations and requisite compliance, all types of insurance, as well
as other reports and information as loan structure requires.
Evaluates all reports and information
received with respect to collateral evaluation & verification to
determine if terms and conditions of the credit approval will be
met.
Prepares the loan and compliance
documentation necessary to protect the bank's interest.
Requires experience preparing and/or reviewing commercial
loan documentation.
Experience with commercial real estate title work,
surveys, construction lending & loan documentation.
Knowledge of commercial loan products, business loan
sales and underwriting processes.
1+ years compliance experience preferred, which includes
flood insurance requirements.
Excellent knowledge of laws and regulations affecting
appropriate due diligence, real
estate lending, loan documentation & perfection of collateral.
Excellent attention to detail, communication skills and
PC skills.
Able to communicate well and work independently in a
high volume fast paced environment.
College degree, paralegal, or equivalent work
experience.

Associated topics: collections officer, document, file, financial record, loan, loan clerk, loan collections officer, mortgage, process, verify * The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

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