Equipment Finance Loan Fulfillment Specialist

Equipment Finance Loan Fulfillment Specialist

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 risks
• Understands the client's 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

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

Preferences

Skills and Competencies

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.

Job Range Target : Minimum : $43,500.00 USD Median : $52,540.00 USD Incentive Pay Plans : This job is not incentive eligible.

Benefits Information

Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time.

Location Details

Location : Birmingham, Alabama

Equal Opportunity Employer / including Disabled / Veterans