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Berkshire Bank · 10 hours ago

Documentation & Loan Specialist II

Pittsfield, MA

Full-time

Onsite

Entry, Mid Level

$45K/yr - $87K/yr

2+ years exp

Berkshire Bank is a financial institution that is seeking a Documentation and Loan Specialist II to review commercial loans and ensure compliance with bank policies. The role involves processing new relationships, reviewing loan documents, and ensuring all regulatory requirements are met.

BankingFinancial Services

Responsibilities

Reviews loan approval to ensure compliance with bank policy and to ensure all risks are mitigated. Performs various searches prior to closing to ensure Bank’s collateral position and validity of borrower name. Ensures US Patriot Act, Regulation B and Flood pre-closing requirements are met

Reviews attorney prepared loan documents to ensure they conform with loan approval and commitment letter. Coordinates any necessary changes prior to closing. Primary liaison with bank counsel and Commercial Relationship Manager

Assists in loan closings, supports funding and management of fees prior to and at closing. Reviews loan documents following the loan closing for completeness and identifies any loan exceptions. Books loan in FIS system. Images loan documents in IS View and sends to safekeeping. Enters loan exceptions, loan policy exceptions, financial covenants and financial statement requirements in Baker Hill for tracking. Assists Supervisor with ongoing support of the DLS team

Provides follow-up reporting of loan exceptions, reconciliation of Accounts Receivable for pre-closing expenses, and completion of compliance tests in Archer system

Ensures compliance with all banking laws, rules, regulations, and prescribed policies/practices/procedures necessary to reduce risk and uphold ethical standards related to and required by one’s duties