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Commercial Documentation Specialist

Commercial Documentation Specialist

Rockland TrustBrockton, MA, US
19 hours ago
Job type
  • Full-time
Job description

Commercial Documentation Specialist

Rockland Trust is currently seeking a Commercial Documentation Specialist to assist with the day-to-day functions of the Commercial Credit Operations department. Commercial Credit Operations functions include :

  • Facilitating commercial loan closings by coordinating commercial lending staff, compliance department, real estate appraisal and environmental departments, outside counsel and loan operations.
  • Ensuring that all commercial loans are properly approved, documented, closed and funded in accordance with applicable credit approvals, commercial lending policy, federal compliance regulations and sound legal standards and practices.
  • Providing guidance to Commercial Loan Specialists, Lenders, Portfolio Managers, and Loan Operations personnel on appropriate and customary documentation for a variety of commercial loan transactions.
  • Preparing internally prepared commercial loan documentation.

Commercial Documentation Specialists responsibilities include :

  • Review and analysis of various documentation for complex commercial transactions to independently ensure compliance with loan approvals, commercial lending policy, Bank documentation standards and sound legal standards and practices, including :
  • Credit approval documentation, including Senior Loan Approval Committee approvals,
  • Commercial loan documentation (pre-funding),
  • Due diligence items, including insurance binders, appraisals, credit analysis and pre-closing requirements,
  • Compliance matters, including flood zone determination,
  • Complete closing packages (post-closing) which includes all legal documentation, title insurance policies, opinion letters, organizational documents, consents, etc.
  • Consult daily with Loan Operations personnel to provide approved funding information for loan funding and proper booking.
  • Consult daily with Lending teams (Lenders, Portfolio Managers and CLS associates) regarding general documentation inquiries, loan funding and documentation deficiencies.
  • QC of internally prepared loan documentation.
  • Drafting of internally prepared modifications.
  • Mentor less experienced co-workers.
  • Required skills and experience include :

  • College Degree with 5+ years preparing commercial loan documentation in a financial institution or law firm or Law Degree with experience preparing commercial loan documentation or- Minimum 8+ years preparing commercial loan documentation in a financial institution or law firm highly preferred.
  • Demonstrated legal drafting skills.
  • Strong understanding of commercial loan transactions, including real estate loans, construction loans, asset-based loans, participations and syndications, franchise loans and affordable housing loans.
  • Working knowledge of commercial legal documentation, entity organizational documents, collateral perfection techniques and guidelines.
  • Self-motivated with ability to work independently and in a group to meet both individual and team deadlines.
  • Ability to multi-task and use independent judgment to prioritize urgent loan requests,
  • Strong time management skills.
  • Meticulous and highly organized, with strong organizational and reasoning skills,
  • Effective communication skills (oral and written).
  • Proficient in Microsoft Word, Excel and Outlook.
  • Updates job knowledge by participating in educational opportunities.
  • May be required to lift and / or move up to 20 pounds.
  • Ability to establish and maintain effective working relationships.
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    Documentation Specialist • Brockton, MA, US

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