Commercial Loan Workout Officer jobs in Rochester, NY

Salary Range: $23.17 - $28.91

PRIMARY RESPONSIBILITY:

The Commercial Loan Specialist is responsible to mitigate operational and transactional risk by ensuring that accurate loan and collateral documentation is in place by performing the duties as outlined in this job description:

ESSENTIAL FUNCTIONS:

• Complete pre-closing due diligence such as flood certification reports, appraisal/environmental report engagement and review, title searches, department of state entity searches etc. for commercial and retail loans. Ensure receipt of applicable business documentation, proof of insurance, etc. where applicable.
• Obtain, review and verify all necessary information to prepare SBA or other special lending program applications to ensure completeness and accuracy of all information as well as compliance with the SBA standard operating procedures or other program guidelines as applicable.
• Prepare loan documents for commercial closings in accordance with underwritten approval and GRB lending policy.
• Prepare, package, process and close SBA and other special lending program loans.
• Conduct pre-closing review of peer prepared or outside counsel prepared commercial loan documentation to ensure accuracy and completion.
• Coordinate commercial loan closings with outside counsel when applicable.
• Review of Loan Participation Agreements prior to bank’s engagement.
• Perform post-closing duties including processing of loan proceeds disbursements upon approval, UCC/lien filings, notifications to tax monitoring service, insurance companies, etcetera.
• Perform post-closing verification to assure that commercial and retail loan pending items and exceptions were set up on the loan operating system correctly and documents were appropriately scanned/indexed for permanent record keeping.
• Assist with commercial loan attorney package verification/review post-closing.
• Review and process commercial construction draws.
• Monitor commercial construction loans for pay down requirements, lot releases, etcetera.
• Assist with letter of credit renewals, including obtaining renewal from the beneficiary and tracking and reporting those letters of credit for renewal.
• Prepare release of collateral for approval, including lot releases, mortgage discharges, termination of tax monitoring service, etcetera.
• Prepare and update collateral monitoring reports including the margin loan report, collateral and loan document exceptions, etc.
• Assist with the follow-up and clearing of loan collateral and documentation exceptions and pending items.
• Assist the Commercial Loan Specialist Team Lead with reconciliation of the commercial payables general ledger account, lien filing continuations and monthly and daily reports.
• Assist Loan Operations to ensure integrity of loan and credit file information in all banking systems. Prepare and submit loan maintenance requests as applicable.
• Resolve and respond to expiring loan messages, as assigned.
• Active participation in demonstrating the behaviors outlined in the GRB Experience.
• Other duties as assigned.

EDUCATION AND EXPERIENCE:

Associate’s Degree (Bachelor’s Degree preferred) and a minimum of 1 year banking experience in commercial loan administration, retail loan administration, and/or bank office operations, or the equivalent combination of education and experience.

COMPETENCIES:

• Provide a remarkable client experience. Greet clients with warmth, genuine interest and a smile.
• Lead by example. Identify current or potential problems, take ownership and see them through to resolution.
• Act as a unified team. Possess strong interpersonal skills including the ability to proactively communicate with and help others, within and across departments.
• Ability to work independently. Seek and incorporate feedback on your performance from management, coworkers and clients.
• Demonstrated PC literacy.
• Working knowledge of Banking Policies and Procedures.
• Demonstrated organization ability and ability to multi-task in a fast-paced environment.
• Exceptional decision-making skills, demonstrating a high level of judgment and discretion.

PHYSICAL DEMANDS:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to use hands or fingers, handle, or feel and reach with hands and arms. The employee frequently is required to stand, sit, climb or balance, and talk or hear. The employee regularly is required to walk and stoop, kneel, crouch, crawl, and climb stairs. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, and ability to adjust focus.
WORK ENVIRONMENT:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. The work environment is indoors and climate controlled. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Genesee Regional Bank is an equal opportunity organization. We recruit, employ, train, compensate, and promote without regard to race, religion, creed, color, national origin, age, gender, sexual orientation, gender identity, marital status, disability, veteran status, or any other basis protected by applicable federal, state or local law.

THIS JOB DESCRIPTION IS SUBJECT TO CHANGE AT ANY TIME.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)