Commercial Loan Documentation Funding Specialist II

S&T Bank; United States; On-site; USD 20,664 - 38,242; Full time

Job summary

S&T Bank is looking for a dedicated individual to assist in the Commercial Loan Funding management area. Candidates will handle funding, process, and maintain records for commercial loans to ensure compliance with policies.

Ideal applicants should demonstrate strong interpersonal skills and the ability to work both independently and collaboratively within a team. The position requires proficiency in relevant software and regulations related to commercial loans.

Qualifications

• Proficiency in state and federal regulations and bank lending policy.
• Ability to maintain a good working relationship with bank employees.
• Strong attention to detail for document verification and processing.

Responsibilities

• Assist the Funding Supervisor in daily commercial loan funding tasks.
• Review Laser Pro documents for accuracy and compliance.
• Prepare and process all funding requests through the Financial Transaction Management system.

Skills

Regulatory proficiency

Laser Pro software

Microsoft Word

Microsoft Excel

Interpersonal skills

Tools

nCino

Optima

B2B

IBS inquiries

Job description

Location: 355 North Fifth Street Indiana, PA 15701

Hours: Monday - Friday: 8:00 AM – 5:00 PM (Additional hours as necessary to meet the objectives of the department)

Function: Assists the Funding Supervisor in the daily functions of the Commercial Loan Funding management area. Funds, processes, and maintains records for commercial loans (Laser Pro) to ensure accuracy, consistency and compliance in the loan processing system, according to General Lending Policy, regulations and approval.

Responsibilities

• Acquires and maintains proficiency in all state and federal regulations and Bank lending policy.
• Acquires and maintains proficiency in all commercial loan products.
• Acquires and maintains proficiency in Laser Pro documentation software, Microsoft Word, Excel, Optima, B2B, IBS inquiries, email, intranet and internet applications.
• Completes searches and inquiries regarding flood determination, UCC‑1 searches, corporate name searches, domestic lien searches and OFAC searches.
• Reviews Laser Pro documents to ensure all documents have been properly executed.
• Prepares and processes all funding requests through the Financial Transaction Management system (FTM), online dollar transactions and general ledger entries.
• Issues checks to vendors and other institutions for payoffs.
• Maintains balancing log.
• Remits mortgages, assignments, subordinations, UCC‑1’s, titles, and all other documents requiring recordation.
• Submits acknowledgments to life insurance companies, other financial institutions, and brokerage firms for verification of the Bank’s collateral lien position.
• Orders bringdowns on mortgages.
• Verifies agreement between collateral documents and commercial loan pledge agreements.
• Performs pre‑funding reviews on Laser Pro documents to ensure all pre‑closing conditions have been satisfied.
• Prepares loan file within nCino for system processing.
• Follows up and completes all loan exceptions.
• Interacts with bank personnel, insurance agents, attorneys, abstractors, title companies, brokerage firms, other financial institutions, federal, state and local regulators, as well as customers for information needed to have the loan funded and processed.
• Maintains a good working relationship with bank employees.
• Demonstrates strong interpersonal skills with the ability to work independently, as well as motivated to work as a team player to contribute to the success of the department and in turn, the organization.
• Performs all additional duties as required.

Physical Demands

Operates a keypad device, electronic equipment, office equipment: 90% of the day. Requires the use of manual dexterity skills for typing and filing up to 60% of the business day. Specific vision requirements include close vision of 18"‑20" for computer work. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

Equal Opportunity Employer

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)

Compensation

Salary Range: $15.00 – $27.76

S&T Bank believes in Equal Opportunity for all and is committed to ensuring all individuals, including individuals with disabilities, have an opportunity to apply for those positions that they are interested in and qualify for without regard to race, religion, color, national origin, citizenship, sex, sexual orientation, gender identity, age, veteran status, disability, genetic information, or any other protected characteristic. S&T Bank is also committed to providing reasonable accommodations to qualified individuals so that an individual can perform their job related duties.