Overview
Old National Bank is honored to be named one of the World's Most Ethical Companies for the 11th consecutive year!
Old National Bank was established in 1834. Today, we are the largest financial services holding company with dual headquarters in Chicago and Evansville, IN. We provide an array of services to our clients which include Community Banking, Investments, and Wealth Management. At Old National, we believe that by helping our team members balance work life with home life, we create a more productive workforce and a stronger company.
We are currently seeking a Commercial Post Closing Specialist. This position will coordinate with the Commercial Pre-Closing Specialists, Commercial Banking Specialists (CBS), Commercial Documentation Specialists and Relationship Managers (RM), to provide support for new money and renewal loan requests.
Responsible for all funding, lien perfection, file imaging, trailing document and exception tracking, file maintenance, research, and paid loan processing for all RMs in the commercial and community lines of business.
Key Accountabilities
Funding / Booking:
- Manages workflow of loans in process.
- Disburses loan proceeds for new loan transactions including wire transfers to third parties and deposits to internal accounts.
- Communicates with the RM to gather additional information necessary to balance transaction.
- Delivers a complete boarding package to our loan operations team for setup on our core system.
- Balance internal clearing accounts.
- Completes lien perfection of real estate and non-real estate collateral such as mortgage recording, account assignments and vehicle titles.
File Imaging:
- Creates the imaged collateral file by uploading documents and categorizing into our Nautilus system.
- Creates the paper “skinny file” that will retain the critical original documents for the life of the loan.
- Placeholder to define DocuSign Process
- Placeholder to define workflow to Evansville, IN after imaging for Post-Close Check/QA Review
- Manages ticklers for any trailing documents or exception items identified during the quality assurance review in our Commercial Tickler Tracking System (CTTS).
File Servicing:
- Prepares payoff quotes and complete other requests made by RMs and third-party vendors.
- Works daily paid loan report, processes paid loans, releases appropriate collateral, and maintains retention record of loan file.
- Assists with internal and external loan reviews by coordinating files and providing information from collateral files.
- Sorts incoming mail and checks in original loan documents and other trailing documents
- Clears any trailing/exception ticklers associated with the incoming mail.
- Regularly reviews and follows up on items being tracked in CTTS. Work with RMs, their support staff and third-party vendors to research any items necessary.
- Prioritizes high volumes to ensure adherence to service level expectations.
- Exhibits flexibility in response to the changing banking environment.
- Works effectively in a fast-paced environment.
- Provides options and solutions when issues arise.
Qualifications and Education Requirements
- Associate or bachelor’s degree preferred but not required.
- Knowledge of loan documents and experience with loan processing
- Knowledge of ONB loan policy and Commercial Guidelines preferred but not required.
- Highly organized with a strong attention to detail.
- Strong analytical and problem resolution skills.
- Excellent verbal and written communication skills.
- Must have experience working in a fast-paced office environment with service level expectations.
- Must be able to meet deadlines
Old National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles.
As such, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law.
We do not accept resumes from external staffing agencies or independent recruiters for any of our openings unless we have an agreement signed by the head of Talent Acquisition,SVP, to fill a specific position