Commercial Loan Booking And Insurance Team Lead

Supervisory Responsibilities: The Team Leader will manage five associates handling the Commercial Loan Bookings, Hazzard Insurance tracking and disbursals.

Job Summary: This position will manage a team that is responsible for the following processes:

• Booking all Commercial Loans
• Booking all Swaps
• Booking all Letters of Credit
• Managing Rate Changes
• Tracking Hazard Insurance and Disbursing Premiums
• Producing and Analyzing Reports related to Loans.

Essential Duties and Responsibilities:

Booking Loans:

• Supervise the Booking and documentation of Commercial Loans ensuring accuracy and adherence to regulatory requirements.
• Support team in understanding complex loan packets to interpret how loans should be booked.
• Ensure the team verifies that proper documentation is provided to support the loan approval.
• Collaborate with internal departments to resolve discrepancies or issues related to Commercial Loan booking.
• Stay current on Bank Loan Policy and Commercial Lending Operational Procedures.

Insurance Related to Loans:

• Oversee the insurance requirements for loans.
• Ensure that borrowers maintain adequate insurance coverage as per loan agreements and regulatory guidelines.
• Disburse insurance premiums.
• Work closely with insurance providers and borrowers to address any insurance-related issues.
• Monitor Insurance reports that include policies that are outsourced.
• Monitor Force-Placed Insurance List.

Leadership and Team Development:

• Provide leadership, guidance, and mentorship to team members.
• Lead with a Servant Heart to foster a collaborative and supportive work environment focused on achieving departmental goals and objectives.
• Provide guidance, coaching, and training opportunities to encourage professional growth and development.
• Monitor and evaluate associate performance, providing regular feedback and implementing corrective actions when needed.

Ancillary Tasks:

• Ensure periodic rate changes are completed timely and accurately.
• Monitor and complete needed file maintenance.
• Serve as backup for completing SCRA changes.
• Assist with special projects and initiatives.

Loan Operations Analyst:

• Gather data and produce relevant reporting to meet regulatory needs.
• Design and develop ad hoc reports for the department as needed.
• Analyze data to identify patterns, trends and anomalies and make recommendations.
• Serve as back-up to the Loan Operations Business Analyst
• Assist in project management within the department, serving as the liaison to other departments.
• Analyze existing loan processes to identify inefficiencies, bottlenecks, and opportunities to improve.
• Work with Core provider to get issues resolved or enhancements made that better support Loan Operations.
• Assist in system changes and enhancements that impact Loan Operations.
• Continuously assess processes, reporting methodologies, data management, and analytical techniques to enhance the effectiveness and efficiency of Loan Operations.
• Assist with gathering data for examiners.

Knowledge, Skills, and Abilities:

• Aptitude for advanced quantitative analysis utilizing large amounts of complex data.
• Ability to query data using report software, SAP based knowledge a plus.
• Ability to manipulate data using Excel filters, lookups, and pivot tables.
• Familiarity with data cleaning and validation.
• Aptitude for administration of software systems including advanced trouble shooting.
• Familiarity with Commercial Loan Booking processes.
• Self-starter, motivated, and looking to provide value in all activities.
• Ability to collaborate with a team and independently.
• Ability to learn new information quickly.
• Ability to communicate effectively with others (both written and verbally).
• Ability to maintain confidentiality in all aspects of the job.
• Ability to listen and be able to extract pertinent information.
• Ability to organize and manage projects of many sizes.
• Deadline driven with a high degree of professionalism.

Minimum Qualifications:

• 5+ years’ experience in Loan Operations; loan documentation booking experience preferred.
• Bachelor’s degree in business related field preferred