Old National Bank was established in 1834. Today, we are the largest financial services holding company headquartered in Indiana. We provide an array of services to our clients which include Community Banking, Investments, and Wealth Management. At Old National we believe that by helping our associates balance work life with home life, we create a more productive workforce and a stronger company.
In 2020, Ethisphere Institute announced Old National Bank as one of the World's Most Ethical Companies for the ninth consecutive year.
The CBU Pre-Closing Agent position works with the Relationship Managers (RM) in the Commercial and Business Banking segments to provide sales support and coordinate all new money and renewal requests. This role must be proficient in the commercial online application system (CML), financial information required for underwriting, loan structuring guidelines, collateral requirements, due diligence items and banking processes. The CBU Pre-Closing Agent provides an appropriate review of entity documents, appraisals, title insurance, UCC Searches and other required supporting documentation to ensure proper signor authorities and lien position. This role must communicate effectively with other members of the Loan Fulfillment team, RMs, Banking Specialists, Credit Underwriters, in-house legal counsel, and Loan operations to resolve any issues or questions. This position requires a high level of decision-making capabilities and exception processing capability.
Key Accountabilities
Loan Processing:
Reviews and inputs loan submissions from RMs in CML including reviewing financial information, ownership, loan structure and compliance needs; responsible for complete and accurate data entry in CML.
Communicates with the RM to gather additional information necessary to deem the application as complete and ready for underwriting.
Completes loan pre-closing tasks including ordering appraisals, environment reports, and title/UCC searches; performs a detailed and thorough review of entity documents, title insurance, UCC searches, flood determinations, and other supporting documentation.
Collaborates with RM to ensure all conditions precedent to closing required by credit are met.
Reviews existing loan documents for accuracy and compliance with loan guidelines.
Finalizes post-approval in CML.
Communicates with underwriting, Line of Business Executives and Credit Administration to address policy exceptions.
Preparation of Loan Documents:
Utilizes Loan Guidelines and commercial procedures to ensure documents are prepared in accordance with approval document.
Utilizes special loan software to produce accurate and complete loan documents.
Prepares template documents outside of loan software (i.e. Rate Modifications & Due Date Changes)
Prepares boarding documents for attorney prepared loans, syndications, participations, advise lines, and bond notes
Service:
Ability to prioritize large pipelines to ensure adherence to service level expectations.
Exhibits flexibility in response to the changing banking environment.
Ability to work in a fast-paced environment.
Provides options and solutions when issues arise.
Key Competencies for Position
Culture Leadership
Communication - Effectively shares information and ideas with individuals and groups; displays self-awareness and self-management, tailors the delivery to the audience, and selects suitable delivery method(s).
Execution Leadership
Attention to Detail - Completes work thoroughly and accurately; pursues quality in accomplishing tasks.
Problem Solving/Decision Making - Seeks to identify what caused the issue; incorporates input from multiple sources (e.g., lines of business, subject matter experts, data, policies, procedures, etc.) to ensure effective action and shared ownership; decisions are sound based on what was known at the time and are based on a blend of analysis, wisdom, experience, and judgement.
Technical Knowledge - Possesses the required technical knowledge to perform the role effectively; continuous learning to adopt new trends or expertise.
Client Leadership
Client Focus - Puts the client at the center of all decisions; takes action to create a high level of service to internal and external clients; makes and maintains long-term relationships with clients.
Qualifications and Education Requirements
Associate's or bachelor's degree or equivalent work experience preferred.
Minimum five years of experience working with commercial lending documentation.
High level of knowledge of loan documents, Bank loan policy and Commercial Guidelines & Procedures.
Highly organized with a strong attention to detail.
Strong analytical and problem resolution skills.
Excellent verbal and written communication skills.
Must have experience working in a fast-paced office environment with service level expectations.
Must be able to meet deadlines
Key Measures of Success/Key Deliverables:
Service - Provides high level of service to RMs
Speed - Delivers product within service level expectations
Accuracy - Delivers product without errors
Old National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles.
As such, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law.
We do not accept resumes from external staffing agencies or independent recruiters for any of our openings unless we have an agreement signed by the Talent Acquisition Director, VP, to fill a specific position.
