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.

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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 clients 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

This position requires the tracking of time and is eligible for overtime hours worked in excess of 40 per week under the Fair Labor Standards Act.

Requirements

• High School Diploma or GED
• Four (4) years of related financial services industry experience

Preferences

• Bachelors 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:

$46750.00 USD

Median:

$57270.00 USD

Incentive Pay Plans:

This job is not incentive eligible.

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. To learn more about Regions benefits please click or copy the link below to your browser.

Required Experience:

IC