What are the responsibilities and job description for the Commercial Loan Closer II position at First Interstate Bank?
**If you are a current FIB employee, please apply through the Career Worklet in the
Employee Portal
.
This position is located at our Gillette, WY Main branch.
What’s Important to You
We know your career is just one aspect of a meaningful, complex, and demanding life. That’s why we designed our compensation and benefits package to provide employees and their families with as much choice as possible.
- Generous Paid Time Off (PTO) in addition to paid federal holidays.
- Child Care Assistance Program for eligible dependent(s).
- Exercise reimbursement program for employees.
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The health and happiness of the places we call home matter to us. Learn a little more about what we do for the communities we serveand why we want YOU to be a part of it.
We encourage you to apply. Reach for what you want and tell us why your work ethic and willingness to learn make you a natural fit for #TeamFirstInterstate.
SUMMARY
The Commercial Loan Closer II is responsible for creating complete commercial loan document packages ensuring accuracy, and adherence to approval conditions for loan structures from basic to an intermediate level of complexity, may include SBA loans and will include all collateral types. This position will proactively interact with branch personnel, multiple internal business lines, and third-party vendors, working with some supervision.
ESSENTIAL DUTIES AND RESPONSIBILITIES
The Commercial Loan Closer II is responsible for creating complete commercial loan document packages ensuring accuracy, and adherence to approval conditions for loan structures from basic to an intermediate level of complexity, may include SBA loans and will include all collateral types. This position will proactively interact with branch personnel, multiple internal business lines, and third-party vendors, working with some supervision.
ESSENTIAL DUTIES AND RESPONSIBILITIES
- Receives loan approvals for commercial loans to be prepared for closing; document packages will be for basic to intermediate levels of complexity.
- Reviews the approval for loan closing conditions, regulations, appropriate lending authority, lien perfection requirements, and SBA requirements (if applicable) and establishes conditions to close; loan types handled will include unsecured, secured, small business products, SBA, construction, guidance lines, agricultural, various real estate, flooring lines, etc.
- Ensures the documents requested for loan structures and collateral types are appropriate.
- Orders, obtains, and reviews required due diligence items from branch personnel, internal departments, or third-party vendors; due diligence items include title commitments and title searches, UCC searches, evaluations or real estate appraisals, environmental questionnaires or evaluations, flood determinations, proof of insurance documents, surveys, etc.
- Provides timely, complete, and accurate responses to inquiries.
- Creates loan documents for all types of commercial loans, from basic to intermediate levels of complexity, using the vendor document preparation system (LaserPro).
- Prepares non-system generated loan documentation for loans as required.
- Participates in management of commercial tickler system; may include setup of monitored items, updating, and providing exception reporting.
- Performs additional job responsibilities associated with specific regulations; may include detailed reviews, quality control, exception reporting, data input, and additional training as needed.
- Participates in internal and external training to maintain knowledge of Bank products; attends operational and exception meetings and keep abreast of all credit policies and changes.
- Maintains the integrity of loan data by ensuring all terms of the approved loan are accurately incorporated in the loan closing package.
- Reviews loan closing package for completion, accuracy, and compliance to approval and credit policy.
- Performs job responsibilities in accordance with established Service Level Agreements.
- Assists with development and maintenance of procedures and training materials.
- Assists with training other team members, new and existing.
- Transfers all credit and due diligence documents to the imaging system, following all protocols.
QUALIFICATIONS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
KNOWLEDGE, SKILLS AND ABILITIES
- Intermediate understanding of credit products, documentation terminology, vendor documents and searches, lien perfection and the document preparation system.
- Exhibits intermediate knowledge of applicable local, state, and federal regulations, bank policies and procedures, and has the ability to meet deadlines under pressure and correctly prepare loan documents.
- Must demonstrate ability to work effectively in a fast paced, production environment, and have strong organizational skills, time management skills, and strong attention to detail.
- Strong interpersonal skills including oral and written communication and problem solving a must.
- Proficiency with personal computers and related software packages, such as Microsoft Office programs and LaserPro.
- Ability to prioritize work and remain adaptable under pressure.
- Able to travel as required.
EDUCATION AND/OR EXPERIENCE
- High School Diploma or General Education Degree (GED) required
- Bachelor's Degree preferred
- 4-6 years banking experience, training, and/or equivalent combination of education and experience required
- Experience with intermediately complex commercial lending preferred
PHYSICAL DEMANDS AND WORKING ENVIRONMENT
The physical demands and work environment are representative of those that must be met or encountered to successfully perform the essential functions of the job. In compliance with the Americans with Disabilities Act, the company provides reasonable accommodation to qualified individuals with disabilities and encourages both prospective and current employees to discuss potential accommodations with the employer.
- Dexterity of hands/fingers to operate computer keyboard and mouse - Frequently
- Lifting - Occasionally (up to 10 lbs)
- Sitting - Frequently
- Overtime - Subject to business need
- Noise Level - Moderate
- Typical Work Hours - M-F (8-5)
- Regular and Predictable Attendance - Required
**If you are a current FIB employee, please apply through the Career Worklet in the
Employee Portal
.
