Fifth Third Bank is looking to solve issues related to loan documentation review, processing, and collateral perfection to reduce financial and reputational risk.
Requirements
- 2+ years’ experience of review and/or processing of legal documents.
- 3 years’ experience with a focus on internally and externally prepared loan documentation, collateral perfection, or related work experience.
- Knowledge of Pre and Post Article 9 rules governing the perfection of UCC related collateral.
- Knowledge of filing requirements for unique collateral such as equine, airplane engines, assignment of contracts and assignment of membership interests.
- Knowledge of federally regulated programs such as Reg H, Flood, CIP
- Strong knowledge of loan documents and requirements.
- Strong knowledge of B2B, CCAS, AFS, ACBS, Loan Doc Prep System, and other banking systems preferred.
Responsibilities
- Performs in-depth review of loan packages valued between $50k and $600mm, insuring that all required loan documents are received from the loan closing and properly executed per required credit approval.
- This process review will include loan life-cycle reconstruction, perfection of all new collateral (e.g. file UCC, mortgage recordings, insurance assignments, etc.) and the creation/update of collateral records.
- Identifies any missing required documents and inputs, updates and deletes exceptions on the banks exception system.
- Proactively communicates issues with RMs, PMs, U/W, BBOs, Branch Managers and Middle Office, External Council, Courthouses, and Federal and State Agencies.
- Partners with key line-of-business stakeholders to minimize risks in the end-to-end Commercial loan process.
- Initiates the collateral and guarantor release process in conjunction with appropriate credit approval
- Works with internal departments during Credit Risk Reviews and Internal Audits regarding loan document questions, tickler monitoring and exceptions.
Other
- Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined.
- Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience.
- Strong time management and organizational skills evidenced in previous assignments.
- Self-starter and works with minimal direction.
- Ability to meet deadlines under pressure.
