Commercial Loan Documentation Specialist
About us

International Bank of Chicago is a privately owned local community bank providing a full array of banking services through its five Chicagoland locations along with a branch located in Port Jervis, New York. The Bank was founded in 1992 as a minority deposit institution (MDI) and is currently the largest MDI in Chicago with ±120 employees supporting over $920MM in total assets.

The Bank has the distinction of being certified as a Community Development Financial Institution (CDFI). With a CDFI designation, the Bank not only focuses its attention on serving the local communities, families, and small businesses, but has a mission of specializing in providing financial products and services to those within underbanked and economically distressed communities. The Bank is the only MDI and CDFI bank in Chicago.

SUMMARY

The successful candidate will assist the Loan Documentation team with the preparation of commercial loan documents through our LaserPro software and ensure that documents are reviewed against the credit approval while complying with Bank policy and federal regulations. The Loan Documentation Specialist will provide ongoing feedback to Management to make sure that any issues are properly escalated.

This is not a remote role -- it is in person in our Stone Park branch, and we are seeking applicants with "commercial" loan documentation experience.

ESSENTIAL FUNCTIONS

• Scan all documents to corresponding online folders upon receipt.
• Obtain necessary information to process and complete loan files.
• Prepare loan closing documentation for commercial, commercial real estate, and commercial and industrial loans in Laser Pro software, in accordance with the terms, conditions, and structure approved by the Bank’s Loan Committees.
• Issue preliminary disclosures for consumer loans, when applicable.
• Order title work and flood determinations,
• Communicate with Loan Officers in obtaining necessary information to complete loan file and address closing conditions on approval.
• Examine documents to ensure accuracy and compliance with regulatory guidelines.
• Communicate with attorneys to resolve any issues prior to closing.
• Coordinate loan closing with Loan Officer and title company.
• Complete required checklists for Loan Operations and Compliance.
• Communicate with Loan Operations on booking loans in Jack Henry system.
• Record and “perfect” collateral.
• Complete compliance training in a timely manner.
• Special projects as assigned.

QUALIFICATIONS

• College degree or equivalent work experience.
• A minimum of 2 years of experience in a banking environment, preferred.
• Strong oral and written communication skills.
• Promote a positive, team-oriented work environment.
• Confident self-starter and quick learner who requires minimal supervision and is comfortable with ambiguity.
• Exhibits a high level of responsiveness, sense of urgency, and passion for producing the best work possible.
• Advanced knowledge of Microsoft Office Suite.
• Customer-service-oriented, detailed-oriented, and organized with the ability to handle multiple projects simultaneously.

International Bank of Chicago is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, sexual orientation, gender identity, disability, protected veteran status, or any other characteristic protected by state, federal, or local law.

Job Type: Full-time

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee assistance program
• Flexible spending account
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Referral program
• Vision insurance

Physical setting:

• Office

Schedule:

• 8 hour shift
• Day shift
• Monday to Friday

Supplemental pay types:

• Bonus pay

COVID-19 considerations:
Due to the decline in COVID hospitalizations/cases and the State and City of Chicago lifting of the mask mandate, we have relaxed our workplace mask mandate as well. We continue to disinfect and sanitize on a daily basis for our employees’ health.

Education:

• Associate (Required)

Experience:

• administrative: 4 years (Required)
• commercial loan closing documentation: 4 years (Required)
• ordering title work/flood determination: 4 years (Required)
• coordinating loan closing: 4 years (Required)
• LaserPro: 4 years (Required)

Work Location: In person

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