Commercial Loan Services Specialist 3

0101 The Huntington National Bank; Bloomfield Hills (MI); On-site; USD 60,000 - 90,000; Full time

Job summary

Huntington Bank is seeking a Commercial Loan Services Specialist III to join the Agency Services team within Commercial Loan Services. The role focuses on servicing Participated and Syndicated portfolios, processing payments, wire transfers, and loan closings while coordinating with agent banks and participant banks.

You will work with Syndication Directors on closings, review loan documents per HNB requirements, and ensure accurate balance accounting and reconciliation in ACBS.

Qualifications

• 2+ years of related experience involving Commercial Loan documentation (review, documentation preparation, account maintenance).
• Proficient experience with Microsoft Office Suite.

Responsibilities

• 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.
• Responsible for working loans that Huntington acts as the Agent bank on.
• Work closely with Syndication Directors on upcoming closings.
• Involvement in attorney calls on preliminary documentation and review based on HNB requirements.
• Closing and booking of Syndication loans on ACBS loan system.
• Prepare detailed advice to Participant Banks notifying them of recent transactions.
• Work directly with customers on rate options for balances of their loans and transfer of funds.
• Send/Receive wires from participant banks for requirement settlements.
• Maintain acceptable quality standards.
• Research discrepancies with loan balances and work closely with Participant Banks, interpreting credit agreements, and reviewing loan and rate history.
• Monitor and complete various suspect reports and correct accounting/billing errors on loans in ACBS within the terms of the executed credit agreement.

Skills

Communication skills

Analytical thinking

Time management

Organizational skills

Self-starting

Attention to detail

Microsoft Office Suite

Education

High School Diploma or GED

Associates degree

Tools

ACBS loan system

Job description

Description Summary

The Commercial Loan Services Specialist 3 is a member of the Agency Services team within the Commercial Loan Services group. This team is responsible for servicing the bank’s Commercial Participated and Syndicated portfolios which include processing payments and advances, initiating wire transfers, processing transactions on syndicated loans and settling with member banks same day, balancing loans in line with the Agent banks, complex research of loans, loan closing and booking of Syndication loans including collateral review, and working closely with Participant banks and internal business partners.

Duties and Responsibilities

• 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.
• Responsible for working loans that Huntington acts as the Agent bank on.
• Work closely with Syndication Directors on upcoming closings.
• Involvement in attorney calls on preliminary documentation and review based on HNB requirements.
• Closing and booking of Syndication loans on ACBS loan system.
• Prepare detailed advice to Participant Banks notifying them of recent transactions.
• Work directly with customers on rate options for balances of their loans and transfer of funds.
• Send/Receive wires from participant banks for requirement settlements.
• Maintain acceptable quality standards.
• Research discrepancies with loan balances and work closely with Participant Banks, interpreting credit agreements, and reviewing loan and rate history.
• Monitor and complete various suspect reports and correct accounting/billing errors on loans in ACBS within the terms of the executed credit agreement.
• Performs other duties as assigned.

Basic Qualifications

• High School Diploma, GED or equivalent 2+ years of related experience involving Commercial Loan documentation (i.e, review, documentation preparation, account maintenance)
• Proficient experience with Microsoft Office Suite

Preferred Qualifications

• Associates degree
• Experience reading and interpreting load documents
• 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
• Participation/Syndication experience
• Excellent communication skills; both written and verbal
• Experience working on a Syndicated Loan System
• Financial balancing and reconciling experience
• Experience handling large dollar transactions
• Strong analytical problem solving skills
• 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 of Forward-Thinking, Can-Do Attitude and Service Heart

Exempt Status

(Yes = not eligible for overtime pay) (No = eligible for overtime pay)

Workplace Type

Office

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.

Immigration Sponsorship

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.

Equal Opportunity Employer

Huntington is an Equal Opportunity Employer.

Tobacco-Free Hiring Practice

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Company Culture

Welcome to Huntington! At Huntington, we look out for people. From reinventing banking with game-changing innovations to building an internal culture that creates lifelong bonds, together, we can make people’s lives better. And amazing things happen when we look out for each other. We prove it every day. Whether it’s helping a colleague or collaborating on a new tool that will revolutionize the way we save money, our actions can have a huge impact. Our colleagues look out for people with a Can-Do Attitude, Service Heart and Forward Thinking. Those are our values—simple but powerful. Each of them pushes us do the right thing, to do right by people. Because people are what matter. If that sounds like you, we hope you’ll apply to join our team. If you’d like to learn more about how Huntington looks out for people, visit https://www.huntington.com/lookingout

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Accommodations

Reasonable Accommodations Various methods will be used throughout the recruitment process to verify candidate authenticity. Any interviews conducted virtually must be joined from a distraction-free environment, with the candidate on camera and without the use of virtual backgrounds.

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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.