Commercial Post Closer Specialist Ii- 10

Location: Columbia, MD

About Us

Are you someone who seeks opportunity and has a true desire to grow your career with an organization that has enriched the lives of its clients and communities in the Greater Washington region for more than 150 years? If so, Sandy Spring Bank may be the perfect fit for you!

Sandy Spring Bank is a growing financial services company focused on creating real experiences for our employees, clients, shareholders and communities. We are proud to have been certified as A Great Place To Work®, recognized by The Washington Post and the Baltimore Sun as a Top Workplace, by Forbes magazine as the #1 Bank in Maryland.  It is our employees who play an integral role in shaping who we are as a company and upholding what matters most to us: people and relationships.

To help us attract the highest quality individuals, we offer a comprehensive benefits package to those who qualify. We offer competitive market salaries, paid time off, multiple retirement savings options, full health care options, life insurance, health care and dependent care flexible spending accounts, career development opportunities, tuition assistance and volunteer opportunities. We are proud to offer those, and so much more, making Sandy Spring Bank a remarkable place to work and build a career.

About the Job:

Sandy Spring Bank is currently recruiting for a Commercial Post Closing Specialist II. The successful candidate will review attorney and internally prepared loan packages for booking. Demonstrate ability and experience to comprehend the structure of complex deals and input to the tracking system. Review and fully comprehend complex real estate legal and credit approval documentation. Secure missing documentation and resolve any questionable issues.

Responsible for funding as well as booking all types of new and modified loans into the core system (IBS) accurately. Post-Closing performs a variety of duties including, research, general ledger entries, department report reviews, and other duties as assigned.

Will work with all types of Commercial Loans, both basic and complex.

Major Job Accountabilities:

• Reviews executed loan documentation to assure accuracy and compliance with established documentation standards, procedures, and policies. Identify dates, collateral, loan structure, reporting requirements, loan covenants, and other controllable items that need to be tracked. Interacts with RM’s, PM’s and branch personnel to ensure documentation is complete and accurate. 

• Processing New Loans and Modifications: Accurately fund and book new loans and modifications to the core system. Review applicable loan documents and be able to recognize all information necessary for the proper setup. Must be able to understand the complex rate and repayment structures across a variety of documents. Attention to detail is required to identify exceptions to policy and approval guidelines. 

• Specialty Products- Demonstrates a strong understanding of syndicated and derivative products (swaps), SBA, and special asset processing. Shows creativity when using the system to support these products. Provides support to sales staff when dealing with client inquires. 

• Accounting Functions- Responsible for the financial impact of loans on the banks books and records. Demonstrates a strong understanding of accounting principles including assets, liabilities, expense, and income account. Responsible for daily general ledger reconciliation and researching complex GL entries.

• First Line of defense- This role is responsible for identifying and escalating potential risks by following established processes and controls. It includes financial risk to the bank in incorrect data and client risk—for example, fraud. 

• Participates in the development of department processes.

• Represent the Bank and the unit courteously and professionally in person and by telephone. Answers questions from lenders and staff regarding documentation of loans. Maintains standards for response times.

• Assist co-workers as needed during the time of peak volume and staff absences.

• Other duties as assigned.

KNOWLEDGE, SKILLS, AND ABILITIES

• High school diploma required. 

• The position requires 3-5 years of work experience in commercial loan documentation or related banking experience servicing with a strong systems background.

• A varied level of problem-solving skills is needed for this level. Situations required operation knowledge of the unit which may involve a range of possible solutions of a semi-complex nature.  Familiarity with accounting principles and balancing accounts are also necessary.

• Assist in training of new members of the team.

• Familiarity with real estate recordings, UCC recordings, and other lien perfection documents required. A results-oriented professional is preferred. 

• The position requires competent verbal and written communication skills. Position requires the ability to work independently in a time-critical environment. 

• Must be able to multi-task and handle large volumes of work while maintaining accuracy.

• Highly detail-oriented with a critical degree of accuracy regarding data entry and analysis; good interpersonal and organizational skills; ability to prioritize work and perform multiple tasks simultaneously while adhering to deadlines. 

• Basic accounting knowledge is needed to accomplish daily balancing and research.

SPECIFIC PHYSICAL REQUIREMENTS:

Work requires reasonable mobility in and around the work area.  Ability to use standard computer and phone systems is required

WORKING CONDITIONS:

Normal office environment where there is almost no discomfort due to temperature, dust, noise, or other disagreeable elements.

Work includes little or no potential exposure to hazardous conditions.

Must be able to travel to remote company and/or client locations.

The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification.  They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified.

Sandy Spring Bank provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.

This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

If you require a reasonable accommodation to apply for a position, please call our job line at 1-800-399-5919 and select option 5. Requests are considered on a case-by-case basis.

Sandy Spring Bank partners with various job boards to advertise our openings. Please visit our website, www.sandyspringbank.com to confirm the validity of the job posting to avoid any potential fraudulent activity. We encourage and recommend all candidates to apply via our website.