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
















