Commer Loan Operations Specialist V – COMME003497 Position Available In Lee, Mississippi
Tallo's Job Summary: The Commercial Loan Operations Specialist V - Loan Closer oversees syndicated and complex commercial loan closings, ensuring compliance with regulatory requirements, credit policies, and GAAP loan accounting. Responsibilities include interpreting loan agreements, issuing clear to close memos, guiding deal structuring, and monitoring work queues. The ideal candidate has a degree in Banking & Finance or Accounting, 3-5 years of experience in Syndicated Loan Closings or Loan Servicing, expertise in CLS loan system, and strong communication skills.
Job Description
DescriptionPosition Title:
Commercial Loan Operations Specialist – Loan CloserEligibility for
Remote:
YesJob Posting:
The Loan Closer is responsible for coordinating syndicated and complex commercial loans closing as well as issuing a clear to close to authorize loan closings. This position requires a comprehensive understanding of loan syndications, complex commercial lines of credit, regulatory requirements, credit policy, collateral, insurance, loan servicing, and GAAP loan accounting.
How You will Make an Impact (Principal Duties and Responsibilities):
Read and interpret complex loan agreements and credit approval documents to assess regulatory and credit policy compliance.
Issue to Clear to Close memos authorizing loan closings.
Read and interpret complex credit agreements and assess system functionality to book commercial deals in accordance terms outlined in the credit agreement and with GAAP.Close, fund, and book loans into CLS as assigned.
Provide guidance to RMs and attorneys on deals structuring and certain legal language in the credit agreements.
Consistently exercise strong judgment around regulatory issues consulting with Compliance as needed.
Use comprehensive understanding of commercial loan activity to provide insight around collateral documentation and servicing of complex credits.
Communicate effectively upward and downward, with outside attorneys, and other financial institutions.
Monitoring assigned work queues to ensure performance is within service level agreement.
Following and maintain internal controls.
Provide knowledge and expertise to assist in development of procedures and job aids in the flow of closing and booking activity.
Escalate potential client issues to senior manager timely.
Review and approve peer transactions as requested.
Job Specifications:
College degree preferred in Banking & Finance or AccountingMinimum 3-5 years experience with Syndicated Loan Closings or Loan ServicingCLS (f.k.a) ACBS loan system expertRegular and reliable attendanceResults oriented and detailed drivenOperates with a sense of urgencyExcellent understanding of regulatory requirements and the ability to read, interpret, and execute on applicable requirementsAbility to read and interpret complex loan agreements and assess system functionality to book and service complex creditsExcellent understanding of collateral documentationStrong understanding of loan trading processesExcellent understanding of loan accounting and revenue recognition requirements in accordance with GAAPAbility to read and interpret credit approvals and credit policy to ensure complianceExcellent communication skills, written and verbalMust be able to communicate upward and downward, with outside attorneys, and other financial institutionsCritical thinking and problem solving skillsAbility to make independent decisions dailyStrong sense of internal and SOX controlsCustomer service focusedQualificationsEducationHigh School (required)Equal Opportunity Employer/Protected Veterans/Individuals with DisabilitiesThe 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)We are an equal opportunity employer and all qualified applicants will receive conside ation for employment without regard to race, color, religion, national origin, age, sex, sexual orientation, gender identity, disability, veteran status, genetic information or any other status protected under applicable local, state or federal nondiscrimination laws.
