Position Summary

The Commercial Post Closing Review Collateral Specialist is responsible for perfecting liens on various collateral types and effectively managing collateral covenants through timely resolution of all exception items assigned to the Commercial Post Closing Department.

Duties & Responsibilities

• Ensure perfection of all recordable collateral documentation and record liens on varying collateral types
• Manage and continue liens throughout the life of the loan
• Generate and monitor weekly reports to identify upcoming collateral covenants
• Communicate with Title Companies and Third-Party Companies to resolve outstanding collateral covenants
• Responsible for reviewing incoming trailing documents for accuracy and completeness
• Removal and/or updating of collateral covenants accurately and timely on banks proprietary tracking system
• Collaboration with Relationship Managers, Loan Coordinators, and Third Parties of any discrepancies that need to be addressed
• Ongoing monitoring and management of loan collateral and security interest, including Life insurance, Brokerage Accounts, and UCC filings
• Corresponding with insurance companies and brokerage companies to ensure that assignments of life insurance and brokerage accounts are acknowledged by the agency
• eRecording mortgages and deed of trust to the proper jurisdiction
• Assist Relationship Managers and Loan Coordinators with retrieving documentation from the imaging system or the collateral files
• Back up to Commercial Loan File Review Specialist
• Responsible for on-going knowledge of bank regulations related to compliance for commercial loans
• Assists in special projects and other duties as assigned

Education & Experience

Knowledge of:

• Various lending regulations
• Excellent organizational skills
• Strong oral and written communication skills

Ability to:

• Manage multiple deadlines
• Analyze and solve problems for which there are not precedents
• Perform duties and make decisions under frequent time pressures

Education and Training:

• Requires High School diploma; continuing education preferred.
• Previous experience in commercial collateral/liens or documentation preferred.
• Requires knowledge of Microsoft Office – Word, Excel, and Adobe. Other bank proprietary systems helpful.

Benefits And Compensation

Salary offered is based on factors, including but not limited to, the job duties, required qualifications and relevant experience, and local market trends. The role may be eligible for bonus or incentives based on company and individual performance.

(Base Pay Range:  $19.50hr - $24.00hr)

Busey provides a competitive Total Rewards package in return for your time, talents, efforts and ultimately, results. Your personal and professional well-being—now and in the years to come—are important to us. Busey’s Total Rewards include a competitive benefits package offering 401(k) match, profit sharing, employee stock purchase plan, paid time off, medical, dental, vision, company-paid life insurance and long-term disability, supplemental voluntary life insurance, short-term and long-term disability, wellness incentives and an employee assistance program. In addition, eligible associates may take advantage of pre-tax health savings accounts and flexible spending accounts. Visit Busey Total Rewards for more information.

Equal Opportunity

Busey values a diverse and inclusive workplace and strives to recruit, develop and retain individuals with exceptional talent. A team with diverse talent, working together, is essential to Busey’s commitment of delivering service excellence. Busey is an Equal Opportunity Employer including Disability/Vets. Visit Busey.com/Careers to learn more about Busey’s Equal Opportunity Employment.

Unsolicited Resumes

Busey Bank, and its subsidiaries, does not accept any liability for fees for resumes from recruiters or employment agencies (“Agency”), without a binding, written recruitment agreement between Busey and Agency describing the services and specific job openings (“Agreement”). Busey may consider any candidate for whom an Agency has submitted an unsolicited resume and explicitly reserves the right to hire those candidate(s) without any financial obligation to the Agency, unless an Agreement is in place. Any email or verbal contact with any Busey associate is inadequate to create a binding agreement. Agencies without an Agreement are requested not to contact any associates of Busey with recruiting inquiries or resumes. Busey respectfully requests no phone calls or emails.