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Req ID:  3984
Location: 

Gurnee, IL, US, 60031

Complex Loan Review Manager

FT/PT:  Full-Time

First Midwest, with assets over $17.5 billion, is the premier relationship-based banking franchise in the dynamic Chicagoland banking market. As one of the Chicago metropolitan area's largest independent bank holding companies, First Midwest provides the full range of commercial, retail banking, and wealth management services through some 120+ offices located in communities in metropolitan Chicago, Northwest Indiana, Central and Western Illinois, and Eastern Iowa. 

POSITION SUMMARY:

Manage the Complex Loan Review Specialists that prepare and review loan packages, including but not limited to consumer, commercial, letters of credits, subordinations, attorney prepared, leases, SBA, and the and the larger, more complex commercial loan packages. Also responsible for ensuring the staff is properly trained, motivated and coached regularly in order to achieve the department’s goals.

REQUIRED EDUCATION, EXPERIENCE AND SKILLS:
  • College degree preferred
  • Required minimum of 7 years’ experience in Commercial Loan Documentation/Review and a minimum of 5 years’ management experience
  • Lending experience preferred
  • Strong management skills with the ability to prioritize projects and delegate tasks appropriately to staff
  • Ability to identify, problem solve and exercise exceptional use of good judgment with respect to issues/circumstances as they arise
  • Strong knowledge of commercial loan documentation (SBA, commercial, syndicated loans, Letters of Credit, attorney prepared loan packages)
  • Able to interact with lending staff professionally with tact and diplomacy
  • Must be well organized and detail oriented
  • Strong analytical ability and effective written and oral communication skills are essential
  • Strong knowledge of the UCC, UCP, and ISP as they relate to loan documentation and letters of credit
  • Knowledge of bank policy, along with federal and state regulations
  • Able to work with various software programs (i.e.: Laser Pro, Word, Excel)
  • Position may require the need to travel to other branch or meeting locations. 
DUTIES/RESPONSIBILITIES:
  • Assist with supervising the documentation process to ensure that all loan documents are 1) complete and accurate, 2) in compliance with federal and state regulations, 3) compliant with terms and conditions as approved by the relevant lending body and 4) in adherence to First Midwest Bank Policies.
  • Identify and report funding exceptions appropriately.
  • Assist with identifying and implementing methods of improving both functional and departmental efficiencies that contribute to improved delivery of quality service while meeting the clients’ needs and accommodating loan growth without adding additional staff.
  • Serve as a liaison with other functional units within the bank, as well as with third parties such as title companies, outside attorneys, other banks, letter of credit beneficiaries, etc. to ensure that an efficient and accurate workflow is maintained.
  • Assist lending staff with the structuring of commercial loan packages.
  • Ensure that the department maintain and monitor letter of credit files via the FIS tickler system, which includes notifying the lenders/beneficiaries of impending expiration dates, preparing appropriate billing notices, and reviewing incoming documentation for proper payment when a draw on a letter of credit takes place.
  • Participate in all required training sessions for compliance.  Assist with maintaining adequate controls to ensure compliance with consumer protection statutes/regulations in a defined area of responsibility.  Assist with implementing changes to bank-directed policy and changes relating to regulatory amendments.
  • Conduct regular one-on-one and team coaching sessions; develop, train and motivate Team Members; participate in Team Member review process.
  • Coordinate with Manager and/or Employee Resources on employee performance ratings, promotions, job descriptions, hiring, termination and other personnel matters.
  • Provide outstanding customer service and display a positive demeanor at all times
  • Facilitate the education and training process of all employees relating to new/revised loan processes and procedures
  • Oversee the scheduling of employees; Approve time off requests to ensure sufficient staff coverage to meet customer service/production needs
  • Enhance quality of service; assist with maintaining and improving the existing approved performance standards.
  • Assist with coordinating, planning and/or participate in seminars for Loan Operations staff, in addition to lending staff.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities.
Please view Equal Employment Opportunity Posters provided by OFCCP here and Supplement here.


Nearest Major Market: Chicago

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