Job Description
Job Description
SUMMARY
This individual is responsible for closing loans by engaging outside counsel or by preparing in-house documentation. Ability to read and interpret loan documentation and understand requirements contingent on the type of loan, business structure and collateral is required. From time to time, special projects will be required, and this individual may be called upon to participate in formulating project methodology and assisting in the process.
SUMMARY OF RESPONSIBILITIES
- Engages attorneys to prepare loan documents and reviews to ensure documents accurately reflect the intentions of the credit approval.
- Prepares documentation for in-house closings in conjunction with the credit approval.
- Gathers all required documents and completes internal worksheets for impending closings.
- Ensures credit conditions are cleared, required insurance is in place, and all regulatory requirements are met before closing.
- Ensures compliance with loan agreement for processing advances under mortgage warehousing, ABL and other line of credit facilities.
- Monitor post-closing documentation ticklers, following up with attorneys to ensure receipt within timely manner following the loan closing.
- Review post-closing documents for accuracy, scanning items to the digital loan file and delivering originals to vault for safeguarding.
- Receive recorded UCC’s and update collateral tracking.
- File UCC-3 continuations before expiry
- Review documentation received for financial and loan tracking items to ensure compliance before updating tickler items.
- Monitor post-closing conditions and follow-up with lenders to ensure delivery of requirements.
- Gather documents requested for internal/external auditors for loan reviews.
- Assist other units within the department as required.
- Adherence to the Bank’s written policies and procedures including compliance with all applicable banking laws and regulations.
- Strict adherence to the Bank’s written policies and procedures including compliance with all applicable banking laws and regulations.
- It is also incumbent on all staff members to adhere to PNB's Information Security & Cyber Security Program guidelines and policies. These guidelines and policies are designed to protect the privacy and safeguard the financial information of our customers. Willful noncompliance may result in disciplinary action to include termination of employment.
- Executes other duties and projects, as assigned.
EDUCATION AND/OR EXPERIENCE
Minimum of five (5) years of Banking and/or Bank Operations experience in a commercial bank with primary focus on loan documentation, insurance monitoring and loan operations. Demonstrated leadership skills, excellent interpersonal skills, and proven problem-solving ability. Ability to effectively collaborate with others and accept challenging assignments.
OTHER SKILLS AND ABILITIES
Must be able to read, write and speak fluently in English. Ability to work under pressure and make decisions according to established guidelines; work unsupervised and accomplish tasks accurately and on a timely basis; prioritize work; strong organization skills. Must be able to work with Microsoft Word, Excel, and Outlook. Must be able to communicate effectively and professionally with co-workers.
PHYSICAL DEMANDS
The physical demands described in this section are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to sit; use hands to finger, handle, or feel; reach with hands and arms; and talk or hear. The associate is occasionally required to stand; walk; climb or balance; and stoop, kneel, crouch or crawl. The associate must frequently lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision.