Senior Centralized Funding Specialist

Posted 3hrs ago

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Job Description

Senior funding specialist managing commercial loan documentation, boarding, and funding at First Merchants Bank. Supporting regulatory compliance and internal commercial lending teams.

Responsibilities:

  • Review commercial loan documentation operational mechanics for compatibility with the loan system
  • Collaborate with relationship managers, closers, and other line-of-business personnel to gather information and resolve documentation, closing, boarding, and funding issues
  • Oversee funding of new and amended loan transactions, ensuring timely disbursement and adherence to approval conditions
  • Maintain detailed records and documentation in loan systems and databases
  • Guide team members as a subject matter expert in loan documentation, boarding, and funding processes
  • Help develop and refine documentation procedures and best practices
  • Engage in cross-functional project teams
  • Oversee and authorize outgoing wire transfers and OTEs
  • Participate in pipeline, pre-closing, and closing calls
  • Identify and escalate deal attributes unsupported by the servicing system or requiring workarounds or manual intervention
  • Support onboarding, funding, and quality review of new or amended attorney-prepared facilities
  • Prepare and send advance notice, clear-to-close funding, and fee notices to participating banks
  • Apply DMAIC methodology to improve processes

Requirements:

  • High school diploma or equivalent (GED)
  • A minimum of five (5) years of loan administrative or operations experience, in commercial loans
  • Bachelor’s degree is a plus
  • Lean Six Sigma – Yellow Belt Certified is a plus
  • Proficient in syndicated and participation loan transactions
  • Strong organizational skills and multitasking proficiency
  • Ability to adapt quickly to changing circumstances and implement effective solutions
  • Experience overseeing and authorizing outgoing wire transfers and OTEs (Online Transaction Entry)
  • Experience with commercial loan documentation, boarding, funding, quality review, and attorney-prepared facilities

Benefits:

  • Bonuses
  • Medical, Dental and Vision Insurance
  • 401k
  • Health Savings and Flexible Spending Accounts
  • Vacation/Sick Time
  • Paid Holidays
  • Paid Parental Leave
  • Tuition Reimbursement
  • Additional Benefits