Equipment Finance Loan Fulfillment Specialist

Equipment Finance Loan Fulfillment Specialist

Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice. Regions is dedicated to taking appropriate steps to safeguard and protect private and personally identifiable information you submit. The information that you submit will be collected and reviewed by associates, consultants, and vendors of Regions in order to evaluate your qualifications and experience for job opportunities and will not be used for marketing purposes, sold, or shared outside of Regions unless required by law. Such information will be stored in accordance with regulatory requirements and in conjunction with Regions' Retention Schedule for a minimum of three years. You may review, modify, or update your information by visiting and logging into the careers section of the system.

Job Description

At Regions, the Equipment Finance Loan Fulfillment Specialist orchestrates the closing process for all members of the Relationship Team and vendors associated with each loan. The closing process entails aiding in completing, collecting, and analyzing documents necessary for the extension of credit, booking the loan, resolving documentation exceptions post-closing, and interacting with borrowers, outside counsel, bank associates, and a variety of third parties.

Primary Responsibilities

Drafts and reviews loan documentation for high complexity commercial loans in a multi-state environment

Engages with the deal team on forecasting loan pipeline activity and provides due diligence requirements as loans are assigned

Reviews attorney prepared loan packages for syndicated loans, often with Regions serving as the agent bank

Understands the risks associated with closing various types of commercial loans

Obtains the necessary documents to evidence the debt and secure the loan

Ensures the loan is closed per loan approval and that supporting documentation conforms to loan approval and policy

Identifies potential issues related to documentation, policy or regulatory requirement and remediates prior to closing

Communicates frequently with business partners throughout the closing process

Complies with departmental performance level metrics

Contributes to the formulation of plans to mitigate risk

Understands the client's needs and identifies opportunities to improve and resolve client service issues related to the extension of commercial credit

Serves in a problem-solving capacity by providing client service for loan products

Addresses loan setup issues promptly to ensure system data integrity

Supports Regions Equipment Finance ensuring loans are booked timely, disbursing loan proceeds in accordance with loan approval and packaging loan documents

May assist with the training of team members in areas such as loan documentation and compliance

Requirements

High School Diploma or GED

Four (4) years of related financial services industry experience

Preferences

Bachelor's degree

Previous Commercial Banking and / or Commercial Equipment Leasing Experience

General knowledge of insurance requirements and other property due diligence necessary for real estate transactions

General knowledge of syndicated transactions and the ability to collaborate with Capital Markets and other lenders for agent and non-agent deals

Skills and Competencies

Ability to provide excellent customer service

Demonstrates knowledge of commercial credit, regulatory (including Bank Secrecy Act - Anti Money Laundering Software (BSA / AML), Beneficial Ownership, Office of Foreign Assets Control (OFAC), Flood Regulations) and documentation policies

Demonstrates strong interpersonal, verbal and written communication skills

Excellent time management

Highly organized, detail-oriented, and able to manage multiple projects under time constraints

Responds with a sense of urgency

Position Type

Full time

Compensation Details

Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include : experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job. The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.

Job Range Target :

Minimum : $46,750.00 USD

Median : $57,270.00 USD

Benefits Information

Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.

• Paid Vacation / Sick Time
• 401K with Company Match
• Medical, Dental and Vision Benefits
• Disability Benefits
• Health Savings Account
• Flexible Spending Account
• Life Insurance
• Parental Leave
• Employee Assistance Program
• Associate Volunteer Program

Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time.

Location Details

Regions Center

Location : Birmingham, Alabama

Equal Opportunity Employer / including Disabled / Veterans