Commercial Loan Operations Strategies Manager

“Republic Bank believes in the development and advancement of our associates.  We offer the opportunity to learn all aspects of the company to prepare for future advancement.  Come join our team for a career, not just a job!“ 

Grade 12

About Republic Bank

Republic Bank’s values are built upon making an IMPACT for our clients, our associates and the communities we serve. (IMPACT stands for Innovate for the Future, Make it Easy, Provide Exceptional Service, Acknowledge & Celebrate Success, Commit to Caring and Thrive Together) The associates of Republic Bank are the key to our success as an organization and we value our associates. It’s one of the reasons we’ve been named as one of the Best Places to Work in Kentucky for ten years! For more information about the company, please visit www.republicbank.com.

POSITION PURPOSE AND OBJECTIVES
This role will support our Commercial Loan Operations Area. This position entails those of the Commercial Loan Operations Specialist II while bringing deep expertise in banking operations, regulatory compliance, and loan systems, along with a proactive mindset for process improvement and cross-functional collaboration.

Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time.

MINIMUM QUALIFICATIONS
• Seven years of commercial loan processing experience required.
• Five years of commercial loan document experience required.
• Extensive knowledge of commercial lending products, loan documentation, and servicing procedures required.
• Experience with process improvement and automation required.
• Paralegal preferred.
• Proficiency in Microsoft Office products and internet applications.

ESSENTIAL JOB FUNCTIONS AND RESPONSIBILITIES
Loan Operations - 60%
• Setup and analyze all incoming loan files on the Bank’s loan operating system for all due diligence items needed to accurately document the loan according to the Bank’s guidelines and compliance standards.
• Coordinate internal activities with the lending team to work toward an anticipated closing date.
• Coordinate external activities with the title companies, attorneys, surveyors and other pertinent parties.
• Work with the lending team to ensure all necessary documentation is collected and stored on the Bank’s loan operation system according to the Bank’s guidelines and compliance standards.
• Make decisions involved in the negotiation of the loan documents within approval limits and escalate any language that requires additional approval.
• Review business & trust documentation to determine authorized signers and entity information.
• Complete daily workflow on files to ensure receipt of all necessary documentation by using the commercial loan operating system.
• Coordinate with closing attorneys all the necessary information to complete a closing package accurately and in a timely manner.
• Demonstrate understanding of all loan products, lending authority, and Bank policy and procedures as they pertain to commercial lending.
• Determine and clear documentation exceptions and track for trailing items in the commercial loan operating system.
• Review loan for proper approval and processing completion; knowledge of proper commercial loan documentation necessary to protect the Bank.
• Prepare all documentation for extension, modifications, renewals, and new commercial loans.
• As needed, assist with the proper disbursement of loan funds and the quality review of loan packages to ensure all items are returned as needed and collateral is secured.
• Ensure all loans are being delivered within department set SLA’s.
• Ensure that all loans are being disbursed properly, meet compliance guidelines, and all collateral is secured.
• Provide backup to teams leads with the tracking of documents for trailing items, which must be cleared within designated time period.
Process Improvement / Strategic Responsibilities - 40%
• Strategically analyze how to best use the Bank’s Commercial Lending Originations System.
• Ensure loans are accurately booked into the bank’s core systems in accordance with credit approvals and internal policies.
• Identify root causes for any boarding errors with Commercial Loan Servicing and System Administration.
• Lead initiatives for process improvement, streamlined workflow, and automation for the area.
• Implement solutions for identified process and system usage gaps.
• Work with department managers to identify, recommend, and implement best practices.
• As new processes, procedures and software updates are introduced, serves as a department resource to provide continued education to team.
• Assist