Commercial Loan Operations Specialist V

Linscomb & Williams Inc.; United States; Remote; USD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a detail-oriented Commercial Loan Operations Specialist to manage complex loan closings. This pivotal role involves coordinating syndicated loans, ensuring compliance with regulatory requirements, and providing guidance on deal structuring. The ideal candidate will possess strong analytical skills, a comprehensive understanding of loan syndications, and excellent communication abilities to liaise with various stakeholders. Join a dynamic team that values results and fosters a collaborative environment where your expertise can make a significant impact on the company's success.

Qualifications

• 3-5 years experience with Syndicated Loan Closings or Loan Servicing.
• Ability to read and interpret complex loan agreements.

Responsibilities

• Coordinate syndicated and complex commercial loan closings.
• Issue Clear to Close memos and ensure compliance with regulatory requirements.

Skills

Regulatory Requirements Understanding

Credit Policy Compliance

Critical Thinking

Problem-Solving Skills

Communication Skills

Attention to Detail

Education

College degree in Banking & Finance or Accounting

High School or better

Tools

CLS (ACBS) Loan System

Job description

Position Title: Commercial Loan Operations Specialist – Loan Closer

Eligibility for Remote: Yes, MUST be located in AL, AR, FL, GA, LA, MO, MS, TN, or TX

Job 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 Clear to Close memos authorizing loan closings.
• Read and interpret complex credit agreements and assess system functionality to book commercial deals in accordance with 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 deal 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.
• Monitor assigned work queues to ensure performance is within service level agreement.
• Follow and maintain internal controls.
• Provide knowledge and expertise to assist in the 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 Accounting
• Minimum 3-5 years experience with Syndicated Loan Closings or Loan Servicing
• CLS (f.k.a) ACBS loan system expert
• Regular and reliable attendance
• Results oriented and detail driven
• Operates with a sense of urgency
• Excellent understanding of regulatory requirements and the ability to read, interpret, and execute on applicable requirements
• Ability to read and interpret complex loan agreements and assess system functionality to book and service complex credits
• Excellent understanding of collateral documentation
• Strong understanding of loan trading processes
• Excellent understanding of loan accounting and revenue recognition requirements in accordance with GAAP
• Ability to read and interpret credit approvals and credit policy to ensure compliance
• Excellent communication skills, written and verbal
• Must be able to communicate upward and downward, with outside attorneys, and other financial institutions
• Critical thinking and problem-solving skills
• Ability to make independent decisions daily
• Strong sense of internal and SOX controls

Qualifications

Education

Required

High School or better.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities