Commercial Loan Documentation Specialist

Position Summary The Commercial Documentation Specialist is responsible for preparing commercial loan documents in accordance with loan approval, bank policy, and regulatory requirements. The role evaluates and analyzes the approval and supporting documentation to determine the necessary loan documents needed to conform to the loan approval and enforce legality, proper lien position, and collateral coverage. Duties & Responsibilities Prepare loan documents in accordance with loan approval, including loan amounts, pricing, repayment terms, covenants, collateral, and other requirements and conditions precedence. Review deal submission and supporting documentation provided through the bank’s proprietary workflow system to determine documentation parameters and required contents of the final loan package for closing. Collaborate with internal Credit, Loan Coordination and Relationship Manager Associates on deal structure, supporting documentation, and to obtain additional items needed to prepare documents and perfect security interest. Confirm supporting documents adhere to Bank’s Policies and Regulations (CRA, HMDA, CD, OFAC, Flood, Patriot Act, Regulations B, O, U and Z, Appraisals, Environmental and Beneficial Ownership documents). Maintain proficiency within the Laser Pro system for Doc Prep, as well as the bank’s core system for research purposes and the workflow system used for queue assignment and individual deal flow. Meet and maintain Service Level Standards, metrics, and individual accountability measures. Education & Experience Associate degree in Business, Finance, Accounting, Economics or relevant discipline preferred. Equivalent years of relevant work experience may be considered in lieu of a degree. 0–2 years experience in commercial loan documentation or commercial loan collateral review/audit role preferred. Proficient knowledge of Microsoft Office Software, Laser Pro and ability to master other proprietary banking systems. Strong oral and written communication skills. Extensive knowledge of commercial loan documentation parameters and regulatory requirements for commercial loans. Ability to multi‑task, work independently and as part of a team, prioritize under frequent time pressures, solve problems, exercise good judgment, and maintain continual attention to detail. Benefits & Compensation Salary is based on factors including responsibilities, required qualifications, relevant experience and local market trends. The role may be eligible for bonus or incentives based on company and individual performance. (Base Pay Range: $23–$31/hour). Busey offers a competitive Total Rewards package including 401(k) match, profit sharing, employee stock purchase plan, paid time off, medical, dental, vision, company‑paid life insurance, long‑term disability, supplemental voluntary life insurance, short‑term and long‑term disability, wellness incentives and an employee assistance program. Eligible associates may also take advantage of pre‑tax health savings accounts and flexible spending accounts. Equal Opportunity Busey is an Equal Opportunity Employer including Disability/Vets. #J-18808-Ljbffr Busey Bank