QA Specialist - Commercial Loan Operations

WesBanco; Bowie (MD); Remote; USD 60,000 - 80,000; Full time

Job summary

An established industry player is seeking a Quality Assurance Specialist to ensure the integrity of commercial loan documentation. This role, primarily remote, involves reviewing and analyzing loan packages, identifying deficiencies, and ensuring compliance with banking policies. Ideal candidates will possess strong organizational skills, attention to detail, and excellent communication abilities. Join a forward-thinking company that values your contributions and offers a supportive work environment with comprehensive benefits, including generous PTO and a 401(k) plan with matching. If you thrive in a dynamic setting and are passionate about quality assurance in banking, this opportunity is for you.

Benefits

17 days of PTO

5 days of Short Term Disability

11 paid holidays

1 float holiday

Comprehensive health benefits

401(k) plan with employer matching

Qualifications

• Experience in banking, loans, operations, or a related field.
• Understanding of loan transaction components such as interest rate and term.

Responsibilities

• Review commercial loan documentation to ensure quality and identify deficiencies.
• Perform post-closing review of documentation for loan packages.
• Verify finalized loan documents in the imaging system.

Skills

Self-motivated

Excellent communication skills

Organizational skills

Ability to multitask

Education

High School diploma or GED

Tools

Microsoft Office

Job description

Position Overview

This position is 100% remote within the Bank's footprint. Employee will work full-time remotely outside of a WesBanco location (may occasionally attend in-person meetings, although primary functions of the role are performed remotely).

Summary

The Quality Assurance Specialist will review commercial loan documentation to ensure quality of the loan package and to identify any deficiencies that could negatively impact the bank. This includes reviewing all pre-closing support documentation and post-closing loan documentation. The role requires an understanding of policies and procedures related to commercial lending.

Essential Duties and Responsibilities

• Perform post-closing review of documentation for all Business Banking and Corporate Banking loan packages to identify deficiencies and track findings in the commercial lending system.
• Analyze, review, and clear deficiencies found during initial review of loan packages and modifications.
• Review post-closing Uniform Commercial Code (UCC) searches, Title Insurance, and Attorney Title Opinions to ensure the bank's lien position.
• Input information into the commercial lending system for onboarding loans into the core banking system.
• Conduct a second review of loan modification documents to identify deficiencies and ensure they are prepared as approved before providing to borrowers for signing. Communicate with lenders or internal departments for corrections if needed.
• Verify finalized loan documents in the imaging system to ensure all documents are received and review exception documents for accuracy. Coordinate with lenders and support staff for updates or corrections.

Skills and Abilities

• Self-motivated with the ability to work independently.
• Understanding of loan transaction components such as interest rate, term, and structure.
• Excellent interpersonal and written communication skills.
• Strong organizational skills with attention to detail and promptness.
• Team-oriented mindset.
• Ability to multitask and work under pressure to meet deadlines.

Technical Skills

• Knowledge of or ability to learn systems and procedures used in making and servicing business loans.
• Proficiency in Microsoft Office, including Word and Excel.

Additional Information

The wage range for this position is $19.00 - $23.00 per hour. Benefits include 17 days of PTO, 5 days of Short Term Disability, 11 paid holidays, 1 float holiday, and comprehensive health benefits. WesBanco offers a 401(k) plan with employer matching.

Minimum Requirements

• High School diploma or GED.
• Experience in banking, loans, operations, or a related field.