Cml Loan Post Closing Specialist II M-F 8am-5pm at Fifth Third Bank

Cincinnati, Ohio, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Financial ServicesIndustries

Requirements

Associates degree or 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 time management and organizational skills evidenced in previous assignments
Demonstrates an understanding of applicable bank policies and procedures
Strong knowledge of loan documents and requirements

Responsibilities

Performs in-depth review of loan packages valued between $50k and $600mm, ensuring that all required loan documents are received from the loan closing and properly executed per required credit approval
Includes 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 bank's exception system
Proactively communicates issues with RMs, PMs, U/W, BBOs, Branch Managers and Middle Office, External Counsel, Courthouses, and Federal and State Agencies
Partners with key line-of-business stakeholders to minimize risks in the end-to-end Commercial loan process
Proactive in identifying potential risks and concerns while consulting with management to resolve issues within the guidelines established
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
Assists Banking Center and Relationship Manager personnel with questions and information
Utilizes complete understanding of state laws related to commercial notes and perfection and full understanding of executed new and renewal loan packages
Conveys ability to negotiate and collaborate with others, initiate action, adapt to change, make difficult decisions while considering the risk and accepting challenging assignments
Initiates holds on various Retail and/or Brokerage accounts from intensive review of required legal language contained within loan documentation

Skills

loan documentation review

UCC filing

mortgage recordings

collateral perfection

credit approval

exception management

loan lifecycle reconstruction

Fifth Third Bank

Provides banking, loans, and wealth management services

About Fifth Third Bank

Fifth Third Bank offers a variety of financial services, including personal and business banking, loans, mortgages, credit lines, and insurance products. Their services cater to individual consumers, small businesses, and commercial clients, providing comprehensive solutions for managing finances. The bank generates revenue through interest on loans, service fees, and commissions from insurance and investment products. Unlike many competitors, Fifth Third Bank emphasizes community engagement and financial education, providing resources to help clients improve their financial literacy. The goal of Fifth Third Bank is to support clients in achieving their financial objectives while fostering a strong connection with the communities they serve.

Cincinnati, OhioHeadquarters

1858Year Founded

IPOCompany Stage

Social Impact, Financial ServicesIndustries

10,001+Employees

Benefits

Health Insurance

Paid Sick Leave

Paid Holidays

Performance Bonus

Flexible Work Hours

Risks

Rising interest rates may decrease demand for loans and mortgages.

Competition from fintechs like Robinhood threatens Fifth Third's wealth management sector.

Sophisticated cybersecurity threats pose risks to customer data and trust.

Differentiation

Fifth Third Bank offers comprehensive financial solutions for individuals and businesses.

The bank emphasizes community engagement and financial education for client empowerment.

It provides a wide range of insurance products, including life, health, and disability.

Upsides

Increased demand for digital banking boosts Fifth Third Bank's online service offerings.

Partnerships with fintech enhance technological capabilities and customer experience.

Growing interest in sustainable finance attracts environmentally conscious customers.

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