Commercial Loan Administrator (Full Time) - Plano Ops Center

POSITION PURPOSE

Performs the daily functions associated with the preparation and/or review of commercial loan documents. Funds and boards commercial loans while ensuring compliance with state and federal regulations, and Prosperity Bank policies and procedures. Supports Dallas area lending staff (Commercial, Middle Market, Professional & Entrepreneurial, Commercial Real Estate, Energy, and Business Banking). Interacts with lenders, borrowers, underwriters and credit analysts, Community Banking staff, Underwriting, Information Technology, Compliance, Audit, and other departments as well as outside vendors such as title companies, attorneys, and insurance companies.

ESSENTIAL FUNCTIONS AND BASIC DUTIES

• Maintains a thorough knowledge and understanding of Prosperity policies, procedures, guidelines, and philosophies
• Must be knowledgeable of all aspects of commercial loan documentation, understanding legal entities and loan documents such as Notes, Security Instruments, Loan Agreements, etc. 
• Prepares, reviews, and assembles new, renewed, and modified loan documents for commercial and business loan products including secured and unsecured loans, commitments, lines of credit, letters of credit, interim construction, participations/syndications, etc. 
• Utilizes LaserPro software to prepare loan documents internally
• Reviews attorney prepared documents prior to funding & boarding to ensure loan stipulations on the Loan Approval and Credit Memorandum are met
• Works with loan officers, borrowers, title companies, and/or attorneys in closing and funding of loans
• Reviews title policies to ensure accurate legal description, loan amount, and acceptable exceptions 
• Determines proper loan system coding (product type, collateral codes, call codes, etc.) and boards loans on the core system 
• Funds loans accurately and ensures financial transactions balance each day
• Provides top quality service to lenders and lending staff, while meeting service guarantees for documentation processing
• Follows all compliance policies and procedures, OCC rules and regulations, state and federal laws governing responsibility area of lending
• Completes annual compliance testing/training/certification on time
• Performs other duties, tasks and special projects as required, assigned, or directed 

The above statements describe the general nature and level of work only. They are not an exhaustive list of all required responsibilities, duties, and skills. Other duties may be added, or this job description amended at any time.

QUALIFICATIONS

Education/Certification: High School graduate, GED or equivalent

Experience Required: Minimum of three years’ current loan administration and/or related work experience. 

Skills/Abilities: Ability to read, interpret, and respond professionally to internal and external customer correspondence.

Ability to speak effectively and clearly in response to internal and external customer requests and inquiries.

Ability to calculate figures and amounts such as rates, interest, and percentages. 

Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form. Ability to deal with problems involving several concrete variables in standardized situations.

Computer literate – knowledge of Microsoft Word and Excel – Fiserv Precision & Director software a plus 

Ability to handle day-to-day tasks with minimal supervision 

Ability to work in fast paced, high volume environment

Excellent Customer Service Skills

PHYSICAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION

Talking: Especially where one must frequently convey detailed or important instructions or ideas accurately, loudly, or quickly.

Average Hearing: Able to hear average or normal conversations and receive ordinary information.

Repetitive Motion: Movements frequently and regularly required using the wrists, hands, and/or fingers.

Average Visual Abilities: Average, ordinary, visual acuity necessary to prepare or inspect documents or products, or operate machinery.

Physical Strength: Sedentary work; sitting most of the time. Exerts up to 25 lbs. of force occasionally (Almost all office jobs.)

WORKING CONDITIONS

None: No hazardous or significantly unpleasant conditions (such as in a typical office).

MENTAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION

Reasoning Ability: Ability to apply logical or scientific thinking to define problems, collect data establish facts and draw conclusions.

Able to interpret a variety of technical instructions and can deal with multiple variables.

Mathematics Ability: Ability to compute discount, interest, profit, and loss; commission markup and selling price; and ratio, proportion, and percentage.

Able to perform very simple algebra.

Language Ability: Ability to read periodicals, journals, manuals, dictionaries, thesauruses, and encyclopedias.

Ability to prepare business letters, proposals, summaries, and reports using prescribed format and conforming to all rules of punctuation, grammar, diction, and style.

Ability to conduct training, communicates at panel discussions, and make professional presentations.