Commercial Operations Specialist

Overview

Why should you join our team?

American AgCredit offers a unique opportunity to be a part of a national financial system supporting those who feed, clothe and fuel the world. We are a growing organization embracing collaboration and innovation while delivering transformative solutions. American AgCredit provides a cultivating environment where you truly make a difference for our customers and teams.

• Commitment to agriculture and the communities we serve
• Family friendly work environment
• Investment in employee development
• Medical, Dental and Vision coverage
• Outstanding 401k - automatic 3% employer contribution, plus match up to 6%
• Generous Paid Time Off (Vacation accrued at 21 days annually, Sick Days accrued at 15 days annually, 12 paid holidays, plus 16 hours of volunteer time)
• Competitive Incentive Compensation Plan
• Disability & Life Insurance
• Employee mental, physical, and financial wellness programs
• The position is bonus eligible based on association and personal performance

Position will be posted until filled.

The Commercial Operations Specialist is responsible for processing and servicing loans within their portfolio, including complex mortgage and commercial loans and servicing actions to expedite credit delivery in the Commercial Banking group. Analyzes and interprets entity documentation and trust certifications to determine signer authority and documentation required for each transaction, which may involve multiple and various types of entities. Ensures loan documentation meets all regulatory and legal requirements.

Is a member of and actively leads and directs deal teams with respect to regulatory, compliance, entity, title, and documentation needs for complex loan transactions. Answers borrower inquiries, initiates correspondence, and prepares and monitors reports. Provides a positive customer experience while working closely with internal customers throughout American AgCredit s footprint and external customers, including third parties such as title companies and other financial institutions, while consistently following American AgCredit s processes, policies, and procedures.

The essential functions include but are not limited to the following:

• Actively participate in deal team calls to gain an understanding of structure, collateral, and documentation requirements.
• Direct and lead deal team to obtain necessary information and proactively assist in obtaining when appropriate.
• Provide information to the deal team and other business partners to perfect the collateral, loan structure, loan covenants, and conditions.
• Identify and provide details to deal team of deficiencies in loan information and packages to gain efficiency and understanding to provide better customer service.
• Identify title insurance requirements, request title work (preliminary title reports/commitment for title) from title companies, review and analyze upon receipt for accuracy and/or red flags as part of the due diligence process.
• Request from the borrower and analyze valid government identification, certification of trusts and entity documentation to verify the authority of signers and build out authorized signers. Determine supporting documentation necessary for signers to authorize loan transactions if applicable.
• Request, interpret, and provide instruction to others with respect to due diligence such as UCC searches, county searches, OFAC searches, personal property and real property searches, preliminary title/commitment reports and copies of other lien filings to identify and confirm that American AgCredit's lien position meets approved requirements. Review subordination and other documents necessary to perfect American AgCredit's lien on collateral. Identify and address any potential closing issues and appropriate documentation required for closing.
• Determine appropriate title insurance requirements are accurate within loan origination system and loan documentation to cover American AgCredit when dealing with cross collateralization of real estate transactions, such as multiple title policies with tie-in endorsements.
• Review and analyze appraisal reports to determine the collateral valued for the transaction, owners of collateral, structure values, etc., and ensure that the loan origination system accurately reflects all this information. Review the necessary security documentation needed to perfect American AgCredit's lien on real property held as fee simple and/or leasehold estate, as well as associated personal property, such as water assets, equipment, timber, fixtures, etc.
• Create, review, and monitor conditions in compliance with Association procedures. Keep deal teams informed of updates, and compliance with condition monitoring.
• Review loan documentation for accuracy and completion, as well as to identify and track pre and post-closing requirements including ongoing covenant monitoring and ensure loan origination system reflects consistent information.
• Manage servicing actions including but…