Commercial Loan Services Specialist 2

Huntington Bancshares, Inc.; Columbus (OH); On-site; USD 45,000 - 65,000; Full time

Job summary

A leading financial institution is seeking a member for its Financial Maintenance team within Commercial Loan Services. The role involves servicing a high dollar Participated/Syndicated loan portfolio, processing financial transactions, and collaborating with Participant Banks. Candidates should possess strong analytical and organizational skills, with a minimum of two years in finance or banking.

Qualifications

• 2+ years of experience in Finance, Banking, and/or Commercial Loan Operations.
• Experience reading and interpreting complex credit agreements.
• Financial balancing and reconciling experience preferred.

Responsibilities

• Process payments and advances, initiate wire transfers, and balance loans.
• Monitor reports and wire Participant Banks their agreed share of transactions.
• Research discrepancies with loan balances and work closely with Participant Banks.

Skills

Analytical thinking

Time management

Organizational skills

Problem solving

Education

High School Diploma or equivalent

Associate's Degree

Tools

Microsoft Office Suite

AFS commercial loan accounting system

Job description

Description

Brief Description:

Position will be a member of the Financial Maintenance team within the Commercial Loan Services group. This team includes colleagues responsible for servicing the bank's Commercial Participated portfolio. Responsibilities include processing payments and advances, initiating wire transfers, balancing loans in line with the Agent banks, and working closely with Participant Banks and Internal Business Partners.

Detailed Description:

• Work independently on an assigned loan portfolio of high dollar Participated/ and Syndicated loans and complete transactions within the terms of the executed credit agreement. The position is responsible for working loans that Huntington is a participant in as well as ones where we act as the Agent bank.

• Other Responsibilities include:

  • Monitor reports daily and wire Participant Banks their agreed upon share of the transactions that occur on the loan during the next business day.

  • Prepare detailed advices to Participant Banks notifying them of recent transactions.

  • Process incoming wires with the guidance of the Agent bank.

  • Process financial transactions and balance batches of work.

  • Receive and interpret loan advices from the agent bank and wire funds when draws are requested same day.

  • Maintain acceptable quality standards.

  • Research discrepancies with loan balances and work closely with Participant Banks, interpreting credit agreements, and reviewing loan and rate history.

  • Assign incoming wires to the appropriate processor and clear within set standards.

This can be located at 5555 Cleveland Ave Columbus, Ohio or 333 Main St Midland, MI

Basic Qualifications:

• High School Diploma or equivalent required.

• 2 or more years’ experience in Finance, Banking, and/or Commercial Loan Operations

Preferred Qualifications:

• Associate's Degree

• Requires a self-starting individual with excellent follow through, time management, analytical thinking and organizational skills. Experience working in a production environment under time constraints and strict deadlines.

• Experienced in Microsoft Office Suite

• Experience reading and interpreting complex credit agreements.

• Financial balancing and reconciling experience preferred.

• Previous customer service experience.

• Experience handling large dollar transactions preferred.

• Strong analytical problem solving skills.

• Experience with AFS commercial loan accounting system.

• Understanding or ability to learn complex business processes involved in Commercial Lending

• Passion for HNB's corporate vision -- i.e. to be an Essential Partner -- for both our internal and external customers.

• Commitment to demonstrate our corporate values (accountability, communication, continuous improvement, inclusion, passion, service and teamwork) on a daily basis.

Exempt Status: (Yes= not eligible for overtime pay) (No= eligible for overtime pay)

Workplace Type:

Office

Our Approach to Office Workplace Type

Certain positions outside our branch network may be eligible for a flexible work arrangement. We’re combining the best of both worlds: in-office and work from home. Our approach enables our teams to deepen connections, maintain a strong community, and do their best work. Remote roles will also have the opportunity to come together in our offices for moments that matter. Specific work arrangements will be provided by the hiring team.

Huntington will not sponsor applicants for this position for immigration benefits, including but not limited to assisting with obtaining work permission for F-1 students, H-1B professionals, O-1 workers, TN workers, E-3 workers, among other immigration statuses. Applicants must be currently authorized to work in the United States on a full-time basis.

Huntington is an Equal Opportunity Employer.

Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.

Note to Agency Recruiters: Huntington will not pay a fee for any placement resulting from the receipt of an unsolicited resume. All unsolicited resumes sent to any Huntington colleagues, directly or indirectly, will be considered Huntington property. Recruiting agencies must have a valid, written and fully executed Master Service Agreement and Statement of Work for consideration.