Credit Products Commercial Loan Fulfillment Specialist- CBG Operations
Regions Financial Corporation, Hoover, AL, United States
Job Description
At Regions, the Credit Products Commercial Loan Fulfillment Specialist will orchestrate the closing process for members of the Relationship Team and vendors associated with each loan. The closing process entails providing assistance by completing, collecting, and analyzing documents necessary for the extension of credit, booking the loan, resolving documentation exceptions post-closing, and interacting with borrowers, outside counsel, bank associates, and a variety of third parties.
Primary Responsibilities
Drafts and reviews loan documentation ranging from simple to high volume or high complexity for commercial purpose loans in a multi-state environment.
Understands the risks associated with closing various types of commercial loans.
Obtains the necessary documents to evidence the debt and secure the loan.
Ensures the loan is closed per loan approval and that supporting documentation conforms to loan approval and policy.
Identify potential issues related to documentation, policy or regulatory requirement and remediate prior to closing.
Communicates frequently with business partners throughout the closing process.
Complies with departmental performance level metrics.
Contributes to the formulation of plans to mitigate risks.
Understands the client’s needs and identify opportunities to improve and resolve client service issues related to the extension of commercial credit.
Serves in a problem solving capacity by providing client service for loan products.
Addresses loan setup issues promptly to ensure system data integrity.
Partners with one or more of the following segments: Commercial Banking, Branch Small Business, Private Wealth, Real Estate Banking (includes Home Builder Finance, Income Property Finance, Affordable Housing, Real Estate Corporate Banking), Regions Equipment Finance, Specialized & Diversified Industries, and Problem Asset Management.
Supports in Real Estate Banking, Regions Equipment Finance, Specialized & Diversified Industries, and Problem Asset Management by ensuring loans are booked timely, disbursing loan proceeds in accordance with loan approval, and packaging loan documents.
May assist with the training of team members in areas but not limited to loan documentation and compliance.
This position requires the tracking of time and is eligible for overtime for hours worked in excess of 40 per week under the Fair Labor Standard Act.
Requirements
High School Diploma or GED.
Six years of related banking experience.
Advanced knowledge of insurance requirements and other property due diligence necessary for real estate transactions.
Advanced knowledge of syndicated transactions and the ability to collaborate with Capital Markets and other lenders for agent and non-agent deals if supporting Real Estate Banking, Regions Equipment Finance, Specialized & Diversified Industries, and Problem Asset Management.
Preferences
Bachelor’s degree.
Previous Commercial Banking and/or Commercial Equipment Leasing Experience.
Skills and Competencies
Ability to provide excellent customer service.
Demonstrates knowledge of commercial credit, regulatory (including BSA/AML, Beneficial Ownership, OFAC, Flood Regulations) and documentation policies.
Demonstrates strong interpersonal, verbal and written communication skills.
Excellent time management.
Highly organized, detail-oriented, and able to manage multiple projects under time constraints.
Responds with a sense of urgency.
Strong analytical and problem‑solving skills.
Position Type Full time
Compensation Details Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.
The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.
Job Range Target:
Minimum: $50,500.00 USD
Median: $63,650.00 USD
Incentive Pay Plans:
This job is not incentive eligible.
Benefits Information
Paid Vacation/Sick Time
401K with Company Match
Medical, Dental and Vision Benefits
Disability Benefits
Health Savings Account
Flexible Spending Account
Life Insurance
Parental Leave
Employee Assistance Program
Associate Volunteer Program
Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please visit https://www.regions.com/about-regions/welcome-portal/benefits
Location Details Riverchase Complex North Building
Location Hoover, Alabama
Equal Opportunity Employer/including Disabled/Veterans
#J-18808-Ljbffr
Primary Responsibilities
Drafts and reviews loan documentation ranging from simple to high volume or high complexity for commercial purpose loans in a multi-state environment.
Understands the risks associated with closing various types of commercial loans.
Obtains the necessary documents to evidence the debt and secure the loan.
Ensures the loan is closed per loan approval and that supporting documentation conforms to loan approval and policy.
Identify potential issues related to documentation, policy or regulatory requirement and remediate prior to closing.
Communicates frequently with business partners throughout the closing process.
Complies with departmental performance level metrics.
Contributes to the formulation of plans to mitigate risks.
Understands the client’s needs and identify opportunities to improve and resolve client service issues related to the extension of commercial credit.
Serves in a problem solving capacity by providing client service for loan products.
Addresses loan setup issues promptly to ensure system data integrity.
Partners with one or more of the following segments: Commercial Banking, Branch Small Business, Private Wealth, Real Estate Banking (includes Home Builder Finance, Income Property Finance, Affordable Housing, Real Estate Corporate Banking), Regions Equipment Finance, Specialized & Diversified Industries, and Problem Asset Management.
Supports in Real Estate Banking, Regions Equipment Finance, Specialized & Diversified Industries, and Problem Asset Management by ensuring loans are booked timely, disbursing loan proceeds in accordance with loan approval, and packaging loan documents.
May assist with the training of team members in areas but not limited to loan documentation and compliance.
This position requires the tracking of time and is eligible for overtime for hours worked in excess of 40 per week under the Fair Labor Standard Act.
Requirements
High School Diploma or GED.
Six years of related banking experience.
Advanced knowledge of insurance requirements and other property due diligence necessary for real estate transactions.
Advanced knowledge of syndicated transactions and the ability to collaborate with Capital Markets and other lenders for agent and non-agent deals if supporting Real Estate Banking, Regions Equipment Finance, Specialized & Diversified Industries, and Problem Asset Management.
Preferences
Bachelor’s degree.
Previous Commercial Banking and/or Commercial Equipment Leasing Experience.
Skills and Competencies
Ability to provide excellent customer service.
Demonstrates knowledge of commercial credit, regulatory (including BSA/AML, Beneficial Ownership, OFAC, Flood Regulations) and documentation policies.
Demonstrates strong interpersonal, verbal and written communication skills.
Excellent time management.
Highly organized, detail-oriented, and able to manage multiple projects under time constraints.
Responds with a sense of urgency.
Strong analytical and problem‑solving skills.
Position Type Full time
Compensation Details Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.
The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.
Job Range Target:
Minimum: $50,500.00 USD
Median: $63,650.00 USD
Incentive Pay Plans:
This job is not incentive eligible.
Benefits Information
Paid Vacation/Sick Time
401K with Company Match
Medical, Dental and Vision Benefits
Disability Benefits
Health Savings Account
Flexible Spending Account
Life Insurance
Parental Leave
Employee Assistance Program
Associate Volunteer Program
Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please visit https://www.regions.com/about-regions/welcome-portal/benefits
Location Details Riverchase Complex North Building
Location Hoover, Alabama
Equal Opportunity Employer/including Disabled/Veterans
#J-18808-Ljbffr