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Req ID:  3780
Location: 

Gurnee, IL, US, 60031

Commercial Loan Closer Team Lead

FT/PT:  Full-Time

First Midwest, with assets over $16 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 assigned closers.  Facilitate the loan closing process, while providing a high quality of customer service.  Coordinates preparation of loan documents and ensures that documents are reviewed against the credit approval while complying with Bank Policy and Federal Regulations.  Reviews all due diligence and establishes that all compliance requirements are met prior to close.  Makes decisions, recommendations and provides guidance to Lenders and Admins for additional documentation as applicable.  Ability to work on complex loan closings – transactions involving attorney prepared documentation, specialized lending, commercial real estate and participations/syndications.  Prepares documents for all pre-approved attorney template documents for approved loan types.  Provides ongoing feedback to Management, ensuring all issues are properly escalated.  Works with Lenders, Underwriters, and or Management on complex loans/documents as needed.  Provides problem resolution and service to internal and external customer.  Performs analysis and research necessary to provide accurate and timely responses to client requests.  Trains and mentors junior commercial closers.  Assists Senior Management as requested.

REQUIRED EDUCATION, EXPERIENCE AND SKILLS:
  • Degree in Business Administration, Para-legal certification or equivalent work experience
  • Minimum of 2-3 years of leadership experience.
  • 7-10 years’ experience in complex commercial loan documentation/review required
  • Strong leadership, verbal and written skills with the ability to effectively interface with assigned staff, internal business clients, operations teams, and internal audit
  • Self-starter with ability to manage multiple tasks/projects
  • Ability to identify, problem solve and exercise good judgment with respect to issues/circumstances as they arise
  • Strong knowledge of loan documentation and letters of credit, and basic knowledge of the UCC, UCP and ISP as they relate to loan documentation and letters of credit
  • Laser Pro experience preferred
  • Strong oral and written communication skills
  • Strong organizational skills
  • Ability to motivate and manage staff to provide quality services
  • Ability to interact with lending staff professionally with tact and diplomacy
  • Thorough understanding of accounting principles
  • Thorough understanding of Bank compliance regulations regarding loans
  • Able to work with various software programs (i.e.: FIS, Word, Excel, Laser Pro, OnBase, CRIF ACTion, Loan IQ or ACBS, exception tracking systems, etc.)
  • Position may require the need to travel to other branch or meeting locations
  • Position requires the need to work varied hours/days, including occasional overtime/weekends as workload dictates
DUTIES/RESPONSIBILITIES:
  • Conduct regular one-on-one coaching sessions with staff; develop, train, and motivate team members
  • Coordinate with the Manager and/or Employee Resources on employee performance ratings, promotions, job descriptions, salary recommendations, hiring, termination and other personnel matters
  • Provide support and direction to the Commercial Closing staff, in addition to performing the duties of a Senior Commercial Loan Closer, as required
  • Provide performance feedback to the Commercial Loan Closing Manager
  • Responsible for ensuring all commercial documentation reviewed (Physical or virtual) by the Commercial Closing staff is:
    • Complete and accurate
    • In compliance with federal regulations, compliant with terms and conditions as approved by the appropriate lending body
    • In adherence to FMB Credit Administration Policies prior to the disbursement of loan proceeds
    • Identify and report funding exceptions appropriately
  • Assist the Commercial Closing Manager in identifying and implementing methods of improving both functional and departmental efficiencies
  • Assist lending staff with the structuring of physical and virtual complex loan packages
  • Assist with implementing changes to bank-directed credit policy and changes relating to regulatory amendments
  • Support all department activities, as well as the Commercial Closing manager as needed
  • Sign documents as bank’s agent as needed
  • Manager’s back-up for timekeeping management
  • Develop and maintain efficient department procedures for processing daily work
  • Track volumes for monthly recap and statistical reporting
  • Assist in Special Projects such as system conversions and/or bank acquisitions
  • Participate in the Targeted Selection interview process for potential new hires
  • Provide outstanding customer service and display a positive demeanor at all times
  • Maintain outstanding quality service by motivating staff to meet and/or exceed established service level agreement
  • Participate in all required training sessions for compliance
  • Maintain adequate controls to ensure compliance with consumer protection statues/regulations in the Loan Accounting department
  • Implement bank directed policy and changes relating to regulatory amendments

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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