Collateral Processor I

At TIB, we are committed to serving as Trusted Partners, for our community banks and our employees. We take great care to maintain our commitment to excellence and personalized service internally and externally. We are dedicated to providing a diverse work environment that fosters inclusivity and growth. We offer a best in class benefits package that includes comprehensive health, life, and disability coverage, 401(k) retirement savings, generous paid time off, parental leave, tuition reimbursement, and other little extras to make work fun. If this aligns with your values and you want to join a leader in the banking industry, we are hiring for a Collateral Processor I that will review highly complex commercial loan documents for all commercial loan generating areas of the bank prior to processing to the loan imaging and tracking system. Ensures accuracy of documents to bind and protect the bank. Tracks and releases collateral. Investigates and resolves collateral discrepancies.

MAJOR DUTIES/ACCOUNTABILITIES

• Verifies that the loan complies with the legal lending limit of the bank and the appropriate approvals are present.
• Understands complex loan presentations as it relates to documentation and collateral issues. Able to review and comprehend credit structure, documentation, and collateral of complex loans including but not limited to participations, real estate secured loans, construction, lines of credit, asset-based loans, leases, warehouse lines, and agriculture loans.
• Determines borrower and guarantor’s legal classification, and reviews appropriate entity documents.
• Ensures all pre-funding requirements have been met, exception waivers obtained, if any, and have been approved accordingly. Includes ensuring compliance of pre and post funding requirements. Reviews all executed loan documents to determine completeness and proper execution.
• Reviews and interprets credit and collateral information as it relates to preliminary title reports, entity documents, beneficial ownership, and participation documents. Checks appraisal reviews, supplement appraisals, environmental reports, supporting documentation, and subordination.
• Reviews and takes appropriate action to meet conditions, covenants, and restrictions on loan approvals and other collateral related documents.
• Inputs pertinent information into the imaging and tracking system from the loan package.
• Monitors file maintenance documentation such as insurance and UCC expirations, property taxes, and terms and conditions of loan approvals.
• Controls and maintains a secure environment for document files, original notes, and possessory collateral.
• Ensures credit and collateral files are maintained appropriately, paid notes returned, purging of documents, and that documents received are filed correctly.
• Prepares release documents for pledged collateral by understanding and interpreting provisions contained in the loan agreements, security agreements, deeds of trust, etc. Ensures that regulatory time deadlines are followed relative to release of collateral.
• Archives closed files and CIF tracking in imaging and tracking system and as relationship mandates including preparation, completion, recording, and return of all necessary documentation.
• Follows policies and procedures related to loan documents.
• Responds to internal and external customer service calls in a professional and timely manner.
• Receives and distributes incoming mail. Mails out billing statements and other correspondence to partners and/or branches in absence of Loan Administration Associate.
• Reconciles assigned accounts.
• Assists with interdepartmental audits.
• Serves as back-up to Loan Administration Associate position in time of absence and heavy workflow.
• Complies with all banking laws and regulations, and maintains the confidentiality of bank and customer information.

REQUIREMENTS/DESIRED QUALIFICATIONS

Required

• 2 to 3 years prior documentation experience in all phases of lending
• Working knowledge of business entity documentation (corporate, partnership, joint venture, etc. structure)
• Working knowledge of financial statement documentation and federal banking regulations
• Must be self-motivated, accountable, and able to multi-task with changing priorities
• Good interpersonal skills; ability to work successfully in a team environment
• Ability to communicate effectively, both verbally and in writing, and across all levels
• Software: Microsoft Office (Word and Excel); Eastpoint; Phoenix, FileX, CSI Attus Watchdog

Preferred

• Loan accounting experience preferred

TIB is an equal opportunity employer and does not discriminate against an individual based on the individual's race, color, age, religion, sex, sexual orientation, gender (including pregnancy), gender identity, national origin, disability, genetics, citizenship status, veteran status or any other protected characteristic or activity.

The Major Duties/Accountabilities listed above are only a summary of the typical functions of this job, not an exhaustive or comprehensive list of all possible job responsibilities, tasks, and duties. Management may elect to assign other responsibilities, tasks, and duties associated with this position. TIB requires a comprehensive background investigation, including criminal and credit history.