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GENERAL FUNCTION : The Funding-Boarding Specialist I is responsible for following Bank procedure and policy to board and provide initial funding of loans.
The Funding-Boarding Specialist I is responsible for boarding a wide variety of loan and line products from simple to complex transactions in accordance with credit approvals and loan closing documents.
The Funding-Boarding Specialist I will be responsible for meeting completeness, turn time and accuracy requirements as dictated by establishedservice level agreements.
Under close supervision and using established guidelines, process a basic line of new loan product sets , along with modifications and renewals of the product set.
The position will require a basic level of knowledge of loan documentation, policies andprocedures as well as knowledge of Business Banking and Commercial product lines, lending operations, policies, practices and procedures.
The job will require a high level of knowledge of the loan accounting system.
Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined.
While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.
ESSENTIAL DUTIES AND RESPONSIBILITIES :
Boards / Books new, renewed and modified loans to the Loan Accounting System, including collateral information.
Ensures accurate representation of loan terms # rate, payment schedules, maturities # within the loan system
Analyzes and Interprets the Loan Approval Document and the Note / Loan Agreement / Credit Agreement to ensure proper boarding of all aspects of the facility, including loan coding, into the appropriate loan system.
Demonstrates ability to work in multiple systems in an accurate and timely manner.
Coordinates with LCS, Branch, Relationship Manager, Portfolio Manager, External Counsel, Title Companies and / or Department Management to facilitate the timely and accurate funding and boarding of Commercial Loans.
Analyzes funding and disbursement information to ensure proper disbursement flow of funds via wire, deposit account, fee payment and / or disbursements to third parties.
Establishes auto-debit / ACH auto-pay on loan accounting system per instructions and customer authorization.
Performs research of boarding errors and is able to resolve problems.
Assists Banking Center and Relationship Manager personnel with questions and information requirements.
Exhibits product knowledge across the entire banking spectrum of loan products.
Performs job responsibilities in accordance with the completeness, accuracy and turn time standards dictated by established service level agreements.
Fosters a positive working environment with all business partners.
Functions as an extension of all lines of business to ensure internal and external customer expectations are understood and met.
Provides guidance and support to business partners in order to meet the needs of external customers.
Coaches business partners on all Business Banking and Commercial Lending Funding processes.
Interacts and communicates daily with all levels as appropriate to ensure requirements are understood and met.
Ensures all goals and departmental service standards (SLAs) are met.
Perform other duties as assigned or required.
SUPERVISORY RESPONSIBILITIES : None.
MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED :
High School diploma or equivalent. Bachelors degree preferred.
One (1) year experience with a focus on commercial loan funding, boarding, loan documentation, or related work experience.
Good time management and organizational skills evidenced in previous assignments.
Demonstrates an understanding of applicable bank policies and procedures.
Good knowledge of commercial loan accounting systems.
Knowledge of loan documents, commercial lending / loans and requirements.
Knowledge of B2B, CCAS, AFS, Loan Doc Prep System, and other banking systems preferred.
Good personal computer skills with demonstrated knowledge of Microsoft EXCEL, WORD, and email.
Self-starter and works with minimal direction.
Good verbal and written communication skills.
Good negotiation / interpersonal skills and team orientation.
Ability to meet deadlines under pressure.
Ability to appropriately escalate issues requiring problem solving and decision making.
Completion of Funding Boarding certification program (future).
LI-EG1
Funding Boarding Specialist I
LOCATION Grand Rapids, Michigan 49546
Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.
Last updated : 2024-05-29
Full Time
Banking
$62k-90k (estimate)
05/31/2024
08/30/2024
locations.53.com
VERGENNES, VT
500 - 1,000
1995
$50M - $200M
Banking
The job skills required for Funding specialist include Time Management, Written Communication, Problem Solving, Accounting, Organizational Skills, etc. Having related job skills and expertise will give you an advantage when applying to be a Funding specialist. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Funding specialist. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Funding specialist positions, which can be used as a reference in future career path planning. As a Funding specialist, it can be promoted into senior positions as a Fundraising Manager that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Funding specialist. You can explore the career advancement for a Funding specialist below and select your interested title to get hiring information.