1st Source
Loan Services Specialist I, Construction Equipment Operations, South Bend, IN
1st Source, South Bend, Indiana, us, 46626
POSITION SUMMARY
Responsible for preparing business loan documentation, ensuring the bank has collateral perfection, and performing post-closing loan servicing to adhere to the credit approval and the bank's policies and procedures.
ESSENTIAL REQUIREMENTSReviews and determines the appropriate documentation and perfection requirements according to the credit approval within service standard agreements.Examines loan documentation or accuracy, completeness and properly executed signatures.Ensures appropriate due diligence requirements are completed and funds transaction within set authority.Works closely with relationship managers and documentation staff in processing loan and lease transactions.Boards loan to loan system and performs a 2nd day verification of financial data.Follows up directly with internal and external customers for pending items.Performs monthly review of various reports to ensure accuracy including financial and regulatory data and perfection of bank's lien.Performs necessary follow up and updates to ensure compliance.Manages various reports clearing exceptions and performs collateral audits working with relationship managers and customers to gather required documentation or information to clear the exceptions.Reviews paid loans to release banks' security interest and executes all related documentation.Responsible for the completion of all compliance training related to the position.Must understand all applicable laws and regulations that apply to the position and complies with the requirements.NON-ESSENTIAL FUNCTIONS
Performs all other duties as assigned.
EXPERIENCE/SKILLS
One (1) to three (3) years of related experience preferred.Prior commercial loan documentation and perfection of lien experience for titled, non-titled and real estate collateral preferred.Good PC skills--proficiency in Microsoft Word and Excel essential.Knowledge of commercial loan documentation is preferred but not required.Knowledge of UCC Article 9 perfection is preferred but not required.Knowledge of real property lien perfection is preferred but not required.Good communication and organizational skills.Ability to handle multiple tasks in a fast-paced environment.Detail oriented.
EDUCATION
Bachelors Degree preferred.
TRAVEL REQUIREMENTS
Ability to travel to all locations as well as ability to travel overnight, as needed for meetings, projects, seminars, etc.
PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals to perform the essential functions.
While performing the duties of this job, the employee is required to sit, stand and walk; use hands and fingers to operate keyboard and other office equipment; reach with hands and arms; and talk or hear. The employee is occasionally required to stoop or kneel. The employee may occasionally lift and/or move up to 10 pounds.
EQUIPMENT
MS Office PC, fax, phone and standard office equipment.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
Responsible for preparing business loan documentation, ensuring the bank has collateral perfection, and performing post-closing loan servicing to adhere to the credit approval and the bank's policies and procedures.
ESSENTIAL REQUIREMENTSReviews and determines the appropriate documentation and perfection requirements according to the credit approval within service standard agreements.Examines loan documentation or accuracy, completeness and properly executed signatures.Ensures appropriate due diligence requirements are completed and funds transaction within set authority.Works closely with relationship managers and documentation staff in processing loan and lease transactions.Boards loan to loan system and performs a 2nd day verification of financial data.Follows up directly with internal and external customers for pending items.Performs monthly review of various reports to ensure accuracy including financial and regulatory data and perfection of bank's lien.Performs necessary follow up and updates to ensure compliance.Manages various reports clearing exceptions and performs collateral audits working with relationship managers and customers to gather required documentation or information to clear the exceptions.Reviews paid loans to release banks' security interest and executes all related documentation.Responsible for the completion of all compliance training related to the position.Must understand all applicable laws and regulations that apply to the position and complies with the requirements.NON-ESSENTIAL FUNCTIONS
Performs all other duties as assigned.
EXPERIENCE/SKILLS
One (1) to three (3) years of related experience preferred.Prior commercial loan documentation and perfection of lien experience for titled, non-titled and real estate collateral preferred.Good PC skills--proficiency in Microsoft Word and Excel essential.Knowledge of commercial loan documentation is preferred but not required.Knowledge of UCC Article 9 perfection is preferred but not required.Knowledge of real property lien perfection is preferred but not required.Good communication and organizational skills.Ability to handle multiple tasks in a fast-paced environment.Detail oriented.
EDUCATION
Bachelors Degree preferred.
TRAVEL REQUIREMENTS
Ability to travel to all locations as well as ability to travel overnight, as needed for meetings, projects, seminars, etc.
PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals to perform the essential functions.
While performing the duties of this job, the employee is required to sit, stand and walk; use hands and fingers to operate keyboard and other office equipment; reach with hands and arms; and talk or hear. The employee is occasionally required to stoop or kneel. The employee may occasionally lift and/or move up to 10 pounds.
EQUIPMENT
MS Office PC, fax, phone and standard office equipment.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)