Regions Financial Corporation
Post Closing and Administration Specialist
Regions Financial Corporation, Atlanta, Georgia, United States, 30383
Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.At Regions, the
Post Closing and Administration Specialist
will orchestrate the closing process for all members of the Relationship Team and vendors associated with each loan. The closing process entails providing assistance by completing, collecting, and analyzing documents necessary for the extension of credit, booking the loan, resolving documentation exceptions post-closing, and interacting with borrowers, outside counsel, bank associates, and a variety of third parties.Primary ResponsibilitiesDrafts and reviews loan documentation for high complexity commercial loans in a multi-state environmentEngages with the deal team on forecasting loan pipeline activity and provides due diligence requirements as loans are assignedReviews attorney prepared loan packages for syndicated loans, often with Regions serving as the agent bankUnderstands the risks associated with closing various types of commercial loansObtains the necessary documents to evidence the debt and secure the loanEnsures the loan is closed per loan approval and that supporting documentation conforms to loan approval and policyIdentifies potential issues related to documentation, policy or regulatory requirement and remediates prior to closingCommunicates frequently with business partners throughout the closing processComplies with departmental performance level metricsContributes to the formulation of plans to mitigate risksUnderstands the client’s needs and identifies opportunities to improve and resolve client service issues related to the extension of commercial creditServes in a problem-solving capacity by providing client service for loan productsAddresses loan setup issues promptly to ensure system data integrityPartners with one (1) or more of the following segments: Real Estate Banking (includes Home Builder Finance, Income Property Finance, Affordable Housing, Real Estate Corporate Banking), Regions Equipment Finance, Specialized & Diversified Industries, and Problem Asset ManagementSupport in Real Estate Banking, Regions Equipment Finance, Specialized & Diversified Industries, and Problem Asset Management includes ensuring loans are booked timely, disbursing loan proceeds in accordance with loan approval and packaging loan documentsMay assist with the training of team members in areas such as loan documentation and complianceThis position requires the tracking of time and is eligible for overtime for hours worked in excess of 40 per week under the Fair Labor Standards Act.RequirementsHigh School Diploma or GEDFour (4) years of related financial services industry experienceGeneral knowledge of insurance requirements and other property due diligence necessary for real estate transactionsGeneral knowledge of syndicated transactions and the ability to collaborate with Capital Markets and other lenders for agent and non-agent dealsPreferencesBachelor’s degreePrevious Commercial Banking and/or Commercial Equipment Leasing ExperienceSkills and CompetenciesAbility to provide excellent customer serviceDemonstrates knowledge of commercial credit, regulatory (including Bank Secrecy Act - Anti Money Laundering Software (BSA/AML), Beneficial Ownership, Office of Foreign Assets Control (OFAC), Flood Regulations) and documentation policiesDemonstrates strong interpersonal, verbal and written communication skillsExcellent time managementHighly organized, detail-oriented, and able to manage multiple projects under time constraintsResponds with a sense of urgencyTransaction posting and syndication loan experience preferred.Compensation DetailsPay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.Job Range Target:Minimum:
$45,040.00 USD50th Percentile:
$55,960.00 USDIncentive Pay Plans:
This job is not incentive eligible.Location:
Hoover, AlabamaBring Your Whole Self to WorkWe have a passion for creating an inclusive environment that promotes and values the differences that make each of us stand out as unique individuals and help provide valuable perspective that makes us a better company and employer. More importantly, we recognize that creating a workplace where everyone, regardless of background, can do their best work and thrive is the right thing to do.OFCCP Disclosure: Equal Opportunity Employer/Disabled/VeteransJob applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.
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Post Closing and Administration Specialist
will orchestrate the closing process for all members of the Relationship Team and vendors associated with each loan. The closing process entails providing assistance by completing, collecting, and analyzing documents necessary for the extension of credit, booking the loan, resolving documentation exceptions post-closing, and interacting with borrowers, outside counsel, bank associates, and a variety of third parties.Primary ResponsibilitiesDrafts and reviews loan documentation for high complexity commercial loans in a multi-state environmentEngages with the deal team on forecasting loan pipeline activity and provides due diligence requirements as loans are assignedReviews attorney prepared loan packages for syndicated loans, often with Regions serving as the agent bankUnderstands the risks associated with closing various types of commercial loansObtains the necessary documents to evidence the debt and secure the loanEnsures the loan is closed per loan approval and that supporting documentation conforms to loan approval and policyIdentifies potential issues related to documentation, policy or regulatory requirement and remediates prior to closingCommunicates frequently with business partners throughout the closing processComplies with departmental performance level metricsContributes to the formulation of plans to mitigate risksUnderstands the client’s needs and identifies opportunities to improve and resolve client service issues related to the extension of commercial creditServes in a problem-solving capacity by providing client service for loan productsAddresses loan setup issues promptly to ensure system data integrityPartners with one (1) or more of the following segments: Real Estate Banking (includes Home Builder Finance, Income Property Finance, Affordable Housing, Real Estate Corporate Banking), Regions Equipment Finance, Specialized & Diversified Industries, and Problem Asset ManagementSupport in Real Estate Banking, Regions Equipment Finance, Specialized & Diversified Industries, and Problem Asset Management includes ensuring loans are booked timely, disbursing loan proceeds in accordance with loan approval and packaging loan documentsMay assist with the training of team members in areas such as loan documentation and complianceThis position requires the tracking of time and is eligible for overtime for hours worked in excess of 40 per week under the Fair Labor Standards Act.RequirementsHigh School Diploma or GEDFour (4) years of related financial services industry experienceGeneral knowledge of insurance requirements and other property due diligence necessary for real estate transactionsGeneral knowledge of syndicated transactions and the ability to collaborate with Capital Markets and other lenders for agent and non-agent dealsPreferencesBachelor’s degreePrevious Commercial Banking and/or Commercial Equipment Leasing ExperienceSkills and CompetenciesAbility to provide excellent customer serviceDemonstrates knowledge of commercial credit, regulatory (including Bank Secrecy Act - Anti Money Laundering Software (BSA/AML), Beneficial Ownership, Office of Foreign Assets Control (OFAC), Flood Regulations) and documentation policiesDemonstrates strong interpersonal, verbal and written communication skillsExcellent time managementHighly organized, detail-oriented, and able to manage multiple projects under time constraintsResponds with a sense of urgencyTransaction posting and syndication loan experience preferred.Compensation DetailsPay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.Job Range Target:Minimum:
$45,040.00 USD50th Percentile:
$55,960.00 USDIncentive Pay Plans:
This job is not incentive eligible.Location:
Hoover, AlabamaBring Your Whole Self to WorkWe have a passion for creating an inclusive environment that promotes and values the differences that make each of us stand out as unique individuals and help provide valuable perspective that makes us a better company and employer. More importantly, we recognize that creating a workplace where everyone, regardless of background, can do their best work and thrive is the right thing to do.OFCCP Disclosure: Equal Opportunity Employer/Disabled/VeteransJob applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.
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