The Legal Specialist is responsible for providing on-going support to the Bank's Loan Modification Department and the Legal Department. This position will report directly to the Bank's Senior Lending Counsel and provide assistance in transactional matters and entity reviews.
RESPONSIBILITIES
Review internal Bank credit memos and the corresponding loan documents for existing business and commercial loans to understand the requested modifications to be made to the loan documents.
Assist in drafting and reviewing documentation for business and commercial loan transactions, deposit products and services, consumer agreements and disclosures, loan purchase / sale transactions, etc.
Effective and timely communication with Bank's Legal Department and internal business partners regarding the documentation for business and commercial loan transactions.
Maintain a proficient knowledge of State and Federal banking laws and regulations through ongoing training.
Responsible for reviewing customer's legal entity documents including by-laws, operating agreements, articles of incorporation, etc. to assist with the preparation of loan documents.
Prepare entity review memo based on review of customer's legal entity documents.
Effective and timely communication with Bank's internal business partners regarding questions or missing information relating to the customer's legal entity documents.
QUALIFICATIONS
1+ years of experience as a paralegal or legal assistant in a law firm or in-house, or as a loan document specialist with a financial institution preferred.
Paralegal certification a plus but not required.
Ability to clearly document and support judgments, decisions and procedures.
Ability to retain a broad knowledge of tasks performed in compliance functions.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
