Commercial Loan Closing Coordinator III

Ameris Bancorp
Published
November 9, 2020
Location
Jacksonville, FL
Category
Job Type

Description

Ameris Bank is a high-performing community bank providing an exceptional customer experience with well trained, empowered employees.  At Ameris, we look outside conventional wisdom and processes to find new answers.  This means cutting red tape, empowering our people to make decisions at the local level and creating clear paths and easy touchpoints.  We represent energy and passion, a steady strength that is bold and assertive, creativity in thinking and problem solving, a scrappy determination and nimble approach to getting things done, a good natured, genuine and approachable way of serving each other and our customers.  We look forward to the future, and what this means for you, if you join our team.

The Commercial Loan Closing Coordinator III coordinates and executes pre-closing activities for large, complex and non-standard commercial loans by analyzing loan requirements and applying specialized knowledge to execute due diligence activities. The position manages multiple deadlines and a workflow of multiple loan packages to ensure documentation is complete, accurate and compliant and deliver final loan packages prior to the closing date. The Commercial Loan Closing Coordinator III acts as a liaison with attorneys, third party vendors and customers, facilitates efforts, coordinates communications, prepares finalized loan packages and organizes official loan closing meetings. The position demonstrates the Ameris Vision, Purpose, Expectations and Values.

Essential Functions, Duties, and Responsibilities:

  • Performs due diligence activities for large, complex and non-standard commercial loans applying specialized knowledge to analyze complex requirements and effectively administer all types of pre-closing activities.
  • Effectively manages a pipeline of loans at different stages of the closing process managing workflow and deadlines to ensure final loan packages are delivered prior to the closing date.
  • Reviews loan type, approval terms and conditions, bank policy and regulations to determine closing requirements and develop due diligence checklist.
  • Anticipates and proactively addresses issues resolving conflicting priorities.
  • Verifies that loans are approved in accordance with proper lending authority.
  • Identifies and obtains all necessary third party reports which may include title, surveys, entity documents, flood determinations, and UCC searches.
  • Reviews all reports and documents for accuracy & sufficiency according to bank policy and regulatory requirements.
  • Identifies discrepancies and issues, facilitates resolution, and takes corrective actions.
  • Engages outside counsel on attorney prepared transactions.
  • Provides instructions, guidance and requests to stakeholders ensuring clear, professional communication and efficient processing.
  • Obtains and processes internal documents to finalize loan transactions.
  • Executes timely follow up and management of all closing requirements; monitors to ensure deadlines are met.
  • Responsible for ongoing communication with lender and borrower on the status of specific loan requests.
  • Processes disbursement of loan proceeds to the customer.
  • Prepares the loan documents on the documentation system, ensuring that documents are prepared accurately with proper terms and conditions as outlined in the loan approval and within standards and requirements.
  • Organizes and schedules loan closing meeting with customer and lender.
  • Coordinates delivery of all finalized loan documentation packages to lender prior to agreed upon closing date.

Required Knowledge, Skills and Competencies:

  • Advanced skills in Computer and Microsoft Office
  • Able to effectively and persuasively express self, using language and grammar in a professional manner.
  • Able to plan, schedule and organize professional schedule to achieve goals within or ahead of established time frames.
  • Able to provide a high level of interactive service to others, building relationships and addressing identified needs.
  • Able to analyze and record detailed information and produce accurate, high quality work products.
  • Advanced critical thinking skills with ability to research, analyze, evaluate viable options, draw sound conclusions, present findings and make thoughtful recommendations considering overall risk and short-term and long-term impact.
  • Thorough knowledge of financial covenants, business entities, standard and non-standard loan products.
  • Knowledge of commercial loan compliance policy and closing processes.
  • Specialized knowledge of non-standard and non-real-estate secured loan requirements.
  • Able to manage and organize a high volume of documents.
  • Able to read, analyze and interpret complex commercial loan documents.
  • Able to perform accurate calculations and transactions.

Industry and Work experience:

  • 5 or more years of experience as a Commercial Loan Closing Coordinator or related role.
  • Experience using relevant banking and document storage software applications.

Academic:

  • High school diploma or GED required.
  • Bachelor’s degree or equivalent combination of education and experience preferred.

Disclaimer:

The above job description is meant to describe the general nature and level of work being performed; it is not intended to be construed as an exhaustive list of all responsibilities, duties, and skills required for the position.

All job requirements are subject to possible modification to reasonably accommodate individuals with disabilities. Some requirements may exclude individuals who pose a direct threat or significant risk to the health and safety of themselves or other employees. 

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)

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