Comerica Management Co Inc. Commercial Loan Processor Senior in Livonia, Michigan
divspanCommercial Loan Processor III/spanspanThe Commercial Loan Processor III is responsible for the set-up, maintenance, and processing functions associated with commercial loans. The processor must analyze each request to determine the intent of the request and the completeness an accuracy of the supporting documentation required to complete the transaction. The processor funds and coordinates the activities on new commitments and existing obligations for commercial loans. /spanspanPosition Responsibilities/spanspan:/spanullispanAnalyze Immediate Handlings, funding and advance requests for the proper format and completeness of information, to identify and determine the required documentation needed./span/lilispanVerify supporting documentation received meets Comerica's credit policy, GFT Wire Policy and LTS processing standards./span/lilispanPost financial transactions related to funding, advances, payments, payment reversals, holdover GL tickets, renewals, and fees. Using AFS, DEALS, ComericaBusiness Connect, and PEGA systems and set up New Libor Loans in AFS./span/lilispanManage repricing, rate index changes, conversions, and other miscellaneous transactions and the accuracy and collection of unused commitment fees./span/lilispanUpdates to Letters of Credit and collateral; and input and validation of address changes./span/lilispanAct as a liaison between group managers, relationship managers, loans closing officers, loan boarding representatives, lenders, department managers, lending assistants, administrative staff, and other various colleagues./span/lilispanProvide support to Participation Bought Loan Analysts, Specialized Loan Analysts and Treasury Management./span/lilispanCollaborate to resolve discrepancies. /span/lilispanEngage to obtain supporting documentation./span/lilispanReview past loan activity to determine root cause of discrepancies. /span/lilispanApply proper transactional corrections./span/lilispanRespond to audit requests./span/li/ul/divbrdivspanPosition Qualifications/spanspan:/spanullispanAssociate degree in accounting or 2 years of relevant work experience in reconcilement or balancing/span/lilispan3 years of bank, financial services or office environment or military equivalent./span/lilispan2 years of experience in loan servicing/span/lilispan2 years of experience with telephone and face to face customer service/span/lilispan2 years of experience working with processing and spreadsheet software/span/li/ul/divLivonia Operations Center/br11:30 am - 8:00 PMBR/Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.