Commercial Loan Operations Specialist

Republic Bank & Trust - Louisville, KY

Full-time - Mid Level

Louisville, KY

Credit Intermediation and Related Activities

About the position

The Commercial Loan Operations Specialist at Republic Bank & Trust Company is responsible for the accurate documentation and processing of commercial loan files in accordance with the bank's policies, procedures, and compliance requirements. This role involves coordinating with various stakeholders, ensuring all necessary documentation is collected, and assisting with loan disbursements and quality reviews. The position emphasizes the importance of compliance and effective communication within the lending team and external parties.

Responsibilities

• Setup and analyze all incoming loan files on the Bank's loan operating system for due diligence items.
• Coordinate internal activities with the lending team to work toward an anticipated closing date.
• Coordinate external activities with title companies, attorneys, surveyors, and other pertinent parties.
• Ensure all necessary documentation is collected and stored according to the Bank's guidelines and compliance standards.
• Review business & trust documentation to determine authorized signers and entity information.
• Complete daily workflow on files to ensure all necessary documentation is processed.
• Coordinate with closing attorneys to complete a closing package accurately and timely.
• Demonstrate understanding of all loan products, lending authority, and Bank policies as they pertain to commercial lending.
• Review loans for proper approval and processing completion.
• Prepare documentation for extensions, modifications, renewals, and new commercial loans.
• Deliver loan closing documentation in a timely manner to closing attorneys and/or loan officers.
• Assist with the proper disbursement of loan funds and quality review of loan packages.
• Ensure all loans are delivered within department set SLA's.
• Maintain a working knowledge of compliance requirements affecting the position.
• Model and foster behaviors that support the Bank's values and corporate culture.

Requirements

• 7 years of experience in commercial loan processing preferred.
• Proficiency in Microsoft Office products and internet applications.
• Excellent verbal and written communication skills.
• Self-motivated and able to work in a team environment.
• High energy level and strong sense of urgency.

Nice-to-haves

• Two years of commercial loan processing experience preferred.
• One year of commercial loan document experience preferred.

Benefits

• Flexible schedule