Remote Senior Centralized Funding Specialist

First Merchants Corporation; Kentucky; Remote; USD 75,000 - 110,000; Full time

Benefits offered by this job

Bonuses

Medical Insurance

Dental Insurance

Vision Insurance

401k

HSA/FSA

Paid time off

Holidays

Job summary

First Merchants Bank is seeking a Senior Centralized Funding Specialist to support the commercial lending process by reviewing and managing loan documentation, boarding and funding in accordance with regulatory requirements and internal policies. This role can be remote within our operational footprint.

The position requires at least five years of loan administration or operations experience in commercial lending, with a preference for a Bachelor's degree and Lean Six Sigma Yellow Belt

Qualifications

• High school diploma or GED.
• At least five years of loan administrative or operations experience in commercial lending.

Responsibilities

• Review loan documentation operational mechanics to determine compatibility with the loan system.
• Collaborate with relationship managers, closer and other LOB personnel to gather information and resolve documentation, closing, boarding and funding.
• Oversee the funding of new and amended loan transactions, ensuring timely disbursement and adherence to approval conditions.
• Maintain detailed records and documentation in loan systems and databases.
• Act as a subject matter expert to guide team members in loan documentation, boarding and funding processes.
• Assist in the development and refinement of documentation procedures and best practices.
• Proficient in syndicated and participation loan transactions.
• Demonstrates strong organizational skills and multitasking proficiency.
• Adapts quickly to changing circumstances and implements effective solutions.
• Engage in cross-functional project teams.
• Oversee and authorize all outgoing wire transfers and OTEs (Online Transaction Entry).
• Engage in pipeline, pre and closing calls.
• Identify and elevate any deal attributes that are not supported by the servicing system or require significant workarounds or manual intervention.
• Support loan operations with the onboarding, funding, and quality review of new or amended attorney-prepared facilities.
• Prepare and send advance notice and clear to close funding and fee notices to participating banks.
• Use DMAIC methodology to improve processes when possible.

Job description

First Merchants Bank is seeking a Senior Centralized Funding Specialist to support the commercial lending process by reviewing and managing loan documentation, boarding and funding in accordance with regulatory requirements and internal policies. This role can be remote within our operational footprint.

The position requires at least five years of loan administration or operations experience in commercial lending, with a preference for a Bachelor's degree and Lean Six Sigma Yellow Belt