Post Closing Specialist

COMPANY SUMMARY:

We provide comprehensive commercial, personal, and online banking solutions to businesses in the Mid-Atlantic region and the national healthcare market. Our culture is characterized by authenticity, entrepreneurship, and compassion. We defy conventional banking norms with a bold and innovative approach, venturing into new territories and executing groundbreaking deals. Recognized as the Best Place to Work by the Baltimore Business Journal in both 2022 and 2023, our #1 goal is to make people feel that working here was the best decision they have made. Join us at CFG, where your bold, entrepreneurial, and tenacious spirit will thrive, and together we will achieve success and make a lasting impact.

POSITION SUMMARY:

Primarily responsible for handling all Post Closing functions of loans through CFG Bank. This includes, but is not limited to, ensuring the loan or lease has proper approval authority, all necessary documents are present and accurate, and all conditions of approval have been met. Should any requirements not be met after Post Closing review is complete, all exceptions will need to be documented in the Core System and monitored through Loan Tickler Reports provided to the appropriate departments. Position may also require loan documents to be scanned to file folders for eventual transfer to imaging system. Ability to review loans to meet the criteria for placement with FRB and FHLB preferred. Monitor UCC-3 for filing Continuations.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Perform post-closing reviews of all new loans and leases as well as modifications and
• extensions of existing loans, to ensure compliance with the Bank's policies and
• procedures.
• Input ticklers for missing documents identified during review of the final loan/lease package.
• Notify appropriate departments of exceptions identified during the loan/lease review and ensure the exceptions are cleared in a timely manner.
• Work with Relationship Managers, Commercial Loan Administrators, attorneys,
• and title companies to obtain required/missing documents. These may consist of,
• but not limited to, Recorded Loan Documents outstanding Title Policies, etc.
• Update ticklers upon receipt of missing documentation and scan documents to
• appropriate core systems. All "Original Loan Documents" must be stored in fireproof cabinets for safekeeping.
• Assists Loan Administration Manager with all audits, preparing requested files and handling auditor's inquiries for additional information and loan documents.
• Monitor UCCs for continuations and submit UCC-3 Financing Statements as needed.
• Assist in completing/reviewing FRB (Federal Reserve Bank) and FHLB (Federal
• Home Loan Bank) Forms to determine pledge eligibility and update status in Core systems as necessary.
• Review FRB and FHLB Monthly Reports provided by Accounting Manager to
• reconcile status of loans being added/deleted and update systems as needed.
• Monitor FHLB placements listed under ineligible and pending to identify changing conditions to qualify as a pledged loan.
• Oversee storage of all hard copy bank files, assembles boxes and prepare logs for loan files that meet criteria to be shipped for offsite storage.
• Other duties as assigned.

QUALIFICATIONS AND REQUIREMENTS:

• Min. 2+ years' experience with strong understanding of commercial lending products.
• Knowledge of Commercial and Lease loan documentation.
• Knowledge of Fiserv systems preferred, but not required.
• Excellent customer service and organizational skills.
• Skilled working knowledge of Microsoft Excel, Word, and Outlook.
• Knowledge of imaging process and scanning of Commercial loan documents.
• Ability to work with minimum supervision and complete work assignments in required time frames.

WORK ENVIRONMENT: Hybrid