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Fifth Third Bank, N.A. Funding Boarding Specialist I in Grand Rapids, Michigan

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GENERAL FUNCTION: The Funding-Boarding Specialist I is responsible for following Bank procedure and policy to board and provide initial funding of loans. The Funding-Boarding Specialist I is responsible for boarding a wide variety of loan and line products from simple to complex transactions in accordance with credit approvals and loan closing documents. The Funding-Boarding Specialist I will be responsible for meeting completeness, turn time and accuracy requirements as dictated by establishedservice level agreements.

Under close supervision and using established guidelines, process a basic line of new loan product sets , along with modifications and renewals of the product set. The position will require a basic level of knowledge of loan documentation, policies andprocedures as well as knowledge of Business Banking and Commercial product lines, lending operations, policies, practices and procedures. The job will require a high level of knowledge of the loan accounting system.

Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank’s risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

  • Boards/Books new, renewed and modified loans to the Loan Accounting System, including collateral information.

  • Ensures accurate representation of loan terms # rate, payment schedules, maturities # within the loan system

  • Analyzes and Interprets the Loan Approval Document and the Note/Loan Agreement/Credit Agreement to ensure proper boarding of all aspects of the facility, including loan coding, into the appropriate loan system.

  • Demonstrates ability to work in multiple systems in an accurate and timely manner.

  • Coordinates with LCS, Branch, Relationship Manager, Portfolio Manager, External Counsel, Title Companies and/or Department Management to facilitate the timely and accurate funding and boarding of Commercial Loans.

  • Analyzes funding and disbursement information to ensure proper disbursement flow of funds via wire, deposit account, fee payment and/or disbursements to third parties.

  • Establishes auto-debit / ACH auto-pay on loan accounting system per instructions and customer authorization.

  • Performs research of boarding errors and is able to resolve problems.

  • Assists Banking Center and Relationship Manager personnel with questions and information requirements.

  • Exhibits product knowledge across the entire banking spectrum of loan products.

  • Performs job responsibilities in accordance with the completeness, accuracy and turn time standards dictated by established service level agreements.

  • Fosters a positive working environment with all business partners.

  • Functions as an extension of all lines of business to ensure internal and external customer expectations are understood and met.

  • Provides guidance and support to business partners in order to meet the needs of external customers.

  • Coaches business partners on all Business Banking and Commercial Lending Funding processes.

  • Interacts and communicates daily with all levels as appropriate to ensure requirements are understood and met.

  • Ensures all goals and departmental service standards (SLAs) are met.

  • Perform other duties as assigned or required.

SUPERVISORY RESPONSIBILITIES: None.

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:

  • High School diploma or equivalent. Bachelors degree preferred.

  • One (1) year experience with a focus on commercial loan funding, boarding, loan documentation, or related work experience.

  • Good time management and organizational skills evidenced in previous assignments.

  • Demonstrates an understanding of applicable bank policies and procedures.

  • Good knowledge of commercial loan accounting systems.

  • Knowledge of loan documents, commercial lending/loans and requirements.

  • Knowledge of B2B, CCAS, AFS, Loan Doc Prep System, and other banking systems preferred.

  • Good personal computer skills with demonstrated knowledge of Microsoft EXCEL, WORD, and email.

  • Self-starter and works with minimal direction.

  • Good verbal and written communication skills.

  • Good negotiation/interpersonal skills and team orientation.

  • Ability to meet deadlines under pressure.

  • Ability to appropriately escalate issues requiring problem solving and decision making.

  • Completion of Funding Boarding certification program (future).

#LI-EG1

Funding Boarding Specialist I

LOCATION -- Grand Rapids, Michigan 49546

Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.

Introduce yourself to our team to stay connected on future opportunities. We look forward to finding the right place for you. Are you ready to take the next step?

Fifth Third Bank, National Association is one of the top-performing banks in the country, with a history that spans more than 150 years. We’ve staked our claim on looking at things differently to make banking a Fifth Third better. This applies to our relationships with customers and employees alike.We employ about 18,000 people while offering:• A chance for employees to build their future, with supportive career development and comprehensive health and financial wellness programs.• An environment where we win together by celebrating achievements and working collaboratively.• An opportunity to make a difference in a positive and lasting way. Everything we do is geared toward improving lives.We’re proud that Fifth Third is a warm and caring place to grow – as a customer and as a team member.

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