WHAT YOU'LL DO
The Commercial Loan Post Closing Review Supervisor is responsible for assisting the Commercial Post Closing Manager in managing of the Commercial Loan Review associates and all the daily functions performed by the group. This includes supervising various service-related processes including but not limited to quality assurance of all loan files to ensure documentation is approved and in compliance with internal and external regulatory requirements and bank policy, covenant input, creation of procedures, and assisting in preparation of responses for internal and external audit findings.
Duties & Responsibilities
- This position is responsible for overseeing thorough and comprehensive review of loans, credit, and collateral documents to determine if documents are following regulatory requirements and company policy
- Ensure File Review associates are trained and proficient on all bank’s systems; Core, loan platform, Imaging, and other 3rd party systems to ensure accuracy and integrity of file review
- Responsible for assisting the team in reviewing and monitoring ongoing insurance on commercial loans
- Delegating workflow and ensuring associates understand their duties or delegated task
- Provide constructive feedback and coaching to associates
- Serve as a link between subordinates and manager
- Lead and participate in activities related to Bank integrations
- Demonstrate continuous improvement of products and services by consistently working to identify and implement process and efficiency enhancements
- Monitor completion of functions within the applicable key performance indicators (KPI), Identify and implement corrective measures for KPI not meeting identified standards
- Remains up to date on all documentation, regulatory, and lien perfection requirements in order to ensure loan quality
- Assist with post-closing duties and responsibilities
- Continue self-education as to bank regulations related to compliance for Commercial loans
WHAT YOU'LL BRING
Knowledge of:
- Strong oral and written communication skills
- Bank and federal regulations
- Strong customer service skills
- Legal documents
- Multi-task and work independently
- Must be able to research information and analyze data to arrive at valid conclusions, recommendations, and plans of action.
- Must be able to work independently and as part of a team
Ability to:
- Multi-task and work independently
- Analyze and solve problems for which there are not precedents
- Perform duties and make decisions under frequent time pressures
WHY IT MATTERS
This position ensures quality of the documents are following regulatory requirements and company policies to ensure the bank’s protection in our lien position and perfection. The Commercial Loan Post Closing Review Supervisor is an overarching role that helps mitigate risk management within this line of business. Evaluating the portfolio for accuracy contributes to the lien perfection and collectability of the loan throughout the life of the loan and in the event of default.
EDUCATION & TRAINING
- Bachelor’s degree in Business, Finance, Accounting or Economics; equivalent years of relevant work experience may be considered in lieu of a degree
- Minimum of 1 to 2 years’ experience in loan servicing and/ or collateral monitoring, specializing in Commercial loans
- Proficient knowledge of Microsoft Office Software and ability to master other proprietary banking systems
Busey values a diverse and inclusive workplace and strives to recruit, develop and retain individuals with exceptional talent. A team with diverse talent, working together, is essential to Busey’s commitment of delivering service excellence. Busey is an Equal Opportunity Employer including Disability/Vets. Visit Busey.com/Careers to learn more about Busey’s Equal Opportunity Employment.
