Remote Corporate Loan Documentation Specialist I

First Commonwealth Bank; Indiana (PA); Hybrid; USD 55,000 - 75,000; Full time

Job summary

First Commonwealth Bank is seeking a Corporate Commercial Loan Documentation Specialist to prepare accurate and compliant loan documents for commercial lending, using LaserPro or internal templates, ensuring adherence to policies and regulatory requirements.

Role requires attention to detail, collaboration with lenders, credit officers, legal counsel, and other teams to resolve discrepancies and meet approval conditions before document execution. Telecommuting may be possible.

Qualifications

• Associates degree or equivalent work experience is required.
• At least 1 year of experience in commercial banking, including commercial loan documentation; LaserPro experience preferred.
• Excellent verbal and written communication skills, exceptional relationship-building skills, strong analytical and mathematical skills.
• Proficiency in MS Word, Excel and Adobe Acrobat is required.
• May be eligible for Telecommuting.

Responsibilities

• Prepares comprehensive and error free loan documentation using LaserPro or internal templates, ensuring strict adherence to internal policies, banking regulations, and applicable legal requirements. Expectation is less than 1% external critical error rate and less than 5% internal critical error rate of draft documents.
• Manages the loan documentation process for all assigned LaserPro loans to ensure that all loan documentation is produced in accordance with the loan approval and that draft and final loan documentation are created error free.
• Efficiently manages a high volume of urgent and complex documentation requests by prioritizing tasks to meet critical deadlines, ensuring accuracy, completeness, and compliance with regulatory standards; coordinates seamlessly with lending teams to facilitate timely and successful loan closings.
• Manages and monitors a pipeline of complex, high-value commercial loan requests with diverse structures and timelines. Ensures all loan approval conditions are met by accurately preparing, reviewing, and collecting required supporting documentation prior to the release and execution of loan documents. Proactively advances loans through the pipeline and maintain thorough follow-up with lending teams to ensure timely progression and resolution.
• Effectively communicates with corporate lenders, credit analysts, portfolio specialists, management, and internal departments to ensure smooth loan processing. Coordinates with the lending team to obtain all necessary due diligence documentation required for the preparation of loan documents, promptly addressing any discrepancies or additional requirements.
• Prepares accurate amortization schedules requested by lending teams.
• Conducts research assignments, and contributes to special projects as needed, providing detailed, organized, and well-supported documentation in support of departmental goals as assigned.
• Ensures Service Level Agreements are met with regards to preparing draft documents for review and issuance of final loan documents.

Skills

Communication skills

Relationship-building

Analytical skills

Mathematical skills

Education

Associate degree

Tools

MS Word

Excel

Adobe Acrobat

Job description

First Commonwealth Bank is seeking a Corporate Commercial Loan Documentation Specialist to prepare accurate and compliant loan documents for commercial lending, using LaserPro or internal templates, ensuring adherence to policies and regulatory requirements.

Role requires attention to detail, collaboration with lenders, credit officers, legal counsel, and other teams to resolve discrepancies and meet approval conditions before document execution. Telecommuting may be possible.