Life Equity Lending Documentation Specialist

Busey Bank; Town of Tomahawk (WI); On-site; USD 40,000 - 52,000; Full time

Benefits offered by this job

401(k) match

Profit sharing

Employee stock purchase plan

Paid time off

Medical insurance

Dental insurance

Vision insurance

Life insurance

Short-term disability

Long-term disability

Wellness incentives

Employee assistance program

Job summary

Busey Bank is seeking a Life Equity Lending Documentation Specialist to prepare consumer and commercial loan documents in line with approved loan terms and regulatory requirements.

The role requires evaluating approvals and supporting documentation to determine necessary documents, ensuring proper lien position and collateral coverage, and collaborating with internal teams to finalize packages for closing.

Qualifications

• Strong oral and written communication skills.
• Extensive knowledge of Consumer and Commercial Loan Documentation parameters.
• Understanding of regulatory requirements for consumer and commercial loans.
• Ability to multi-task and work independently and as part of a team; prioritize under time pressure.

Responsibilities

• Prepare loan documents in accordance with loan approval, pricing, repayment terms and collateral.
• Review deal submissions to determine required contents of the final loan package for closing.
• Collaborate with Loan Coordinator, Relationship/Portfolio Manager, and Credit on deal structure and documentation.
• Ensure documents adhere to Bank policies (CDD, OFAC, USA Patriot Act) and regulations.
• Demonstrate proficiency in Laser Pro and core banking systems for doc prep and workflow.

Skills

Communication skills

Loan documentation knowledge

Regulatory compliance understanding

Multi-tasking and prioritization

Education

Associate degree in business, Finance, Accounting, Economics or relevant discipline

Equivalent years of relevant work experience

0-2 years' experience in loan documentation or loan collateral review/audit role preferred

Tools

Microsoft Office

Laser Pro

Job description

Position Summary

The Life Equity Lending Documentation Specialist is responsible for preparing consumer and commercial loan documents in accordance with loan approval, bank policy and regulatory requirements. This position must evaluate and analyze the approval and any supporting documentation to determine the necessary required loan documents needed to conform to the loan approval as well as enforce legality, proper lien position and collateral coverage.

Duties & Responsibilities

• Prepare loan documents in accordance with loan approval: loan amounts, pricing (interest rates, index plus spreads, floors, ceilings, and fees), repayment (term and amortizations), collateral including advance rate adherence, and other requirements and conditions precedence.
• Review deal submission and supporting documentation provided through bank’s proprietary workflow system to determine the documentation parameters and required contents of the final loan package for closing.
• Collaborate with internal Loan Coordinator, Relationship/Portfolio Manager, and Credit associates on deal structure, supporting documentation and to obtain additional items needed to prepare documents and perfect our security interest.
• Confirm supporting documents adhere to Bank’s Policies (CDD, OFAC, and USA Patriot Act) and Regulations (B, O, U and Z), as well as Beneficial Ownership.
• Demonstrate proficiency within the Laser Pro system for doc prep, as well as bank’s core system for research purposes and workflow system used for queue assignment and individual deal flow.
• Responsible for meeting and maintaining Service Level Standards, metrics as assigned and individual accountability measures.

Education & Experience

• Knowledge of: Strong oral and written communication skills
• Extensive knowledge of Consumer and Commercial Loan Documentation parameters
• Understanding of regulatory requirements for consumer and commercial loans
• Ability to: Multi-task and work independently and as part of a team, Perform duties under frequent time pressures with ability to prioritize, Complete work with frequent interruptions, Problem solve and exercise exceptional use of good judgment with respect to issues and circumstances as they arise, Requires continual attention to detail in composing and proofing materials, establishing priorities and meeting deadlines

Education and Training

• Associate degree in business, Finance, Accounting, Economics or relevant discipline preferred.
• Equivalent years of relevant work experience may be considered in lieu of a degree.
• 0-2 years' experience in loan documentation or loan collateral review/audit role preferred.
• Proficient knowledge of Microsoft Office Software, Laser Pro and ability to master other proprietary banking systems.

Compensation and Benefits

• (Base Pay Range: $29.00-$38.00/hr)
• Busey provides a competitive Total Rewards package in return for your time, talents, efforts and ultimately, results.
• Your personal and professional well-being—now and in the years to come—are important to us.
• Busey’s Total Rewards include a competitive benefits package offering 401(k) match, profit sharing, employee stock purchase plan, paid time off, medical, dental, vision, company-paid life insurance and long-term disability, supplemental voluntary life insurance, short-term and long-term disability, wellness incentives and an employee assistance program.
• In addition, eligible associates may take advantage of pre-tax health savings accounts and flexible spending accounts.

Equal Opportunity

Busey values a diverse and inclusive workplace and strives to recruit, develop and retain individuals with exceptional talent. A team with diverse talent, working together, is essential to Busey’s commitment of delivering service excellence.

Busey is an Equal Opportunity Employer including Disability/Vets.

Busey values a diverse and inclusive workplace and strives to recruit, develop and retain individuals with exceptional talent. A team with diverse talent, working together, is essential to Busey's commitment of delivering extraordinary excellence.

Busey is an Equal Opportunity Employer including Disability/Vets.

Every day, our associates live Busey’s core values, doing better business, building stronger relationships and creating thriving communities—while delivering meaningful value to shareholders.

Unsolicited Resumes

Busey Bank, and its subsidiaries, does not accept any liability for fees for resumes from recruiters or employment agencies ('Agency'), without a binding, written recruitment agreement between Busey and Agency describing the services and specific job openings ('Agreement').

Busey may consider any candidate for whom an Agency has submitted an unsolicited resume and explicitly reserves the right to hire those candidate(s) without any financial obligation to the Agency, unless an Agreement is in place.

Any email or verbal contact with any Busey associate is inadequate to create a binding agreement.

Agencies without an Agreement are requested not to contact any associates of Busey with recruiting inquiries or resumes.

Busey respectfully requests no phone calls or emails.

Location

Busey offers diverse employment opportunities - both remote and onsite in Arizona, Colorado, Florida, Illinois, Indiana, Kansas, Missouri, New Mexico, Oklahoma and Texas. We strive to place talent applicants in positions that fit both their skillset and career goals.

As part of Team Busey, we promise to provide challenges that both drive your career progression and allow opportunities for growth!

Busey values a diverse and inclusive workplace and strives to recruit, develop and retain individuals with exceptional talent. A team with diverse talent, working together, is essential to Busey's commitment of delivering extraordinary excellence.

Busey is an Equal Opportunity Employer including Disability/Vets.