Syndications / Specialty Loan Booking & Funding Manager
Company: Seacoast National Bank
Location: Jacksonville
Posted on: May 3, 2025
Job Description:
DescriptionLocation: This position can be located at a Seacoast
office within the state of Florida.
Position Summary
The Syndications/Specialty Loan Booking & Funding Manager is
responsible for the booking and funding of complex participated and
syndicated deals, Middle Market, CRE, C&I, Construction, SBA
and Specialty loans. This manager leads, trains, and develops the
team of employees responsible for loan onboarding and funding tasks
and activities including coaching, training, counseling and
motivating as well as establishes monitoring goals. He/she will
provide subject matter expertise, leadership and support for the
department, strategic initiatives, and projects. Consistently gains
the confidence and trust of the Lines of Business, clients and
peers through honesty, integrity, and authenticity.
This position will be responsible for the specialized loan
operations team focused on the Bank's most complex and high-profile
commercial real estate (CRE) and Commercial and Industrial
(C&I) loans, including bank led and purchased participations,
syndications, and shared national credits (SNCs). This position
will oversee all booking, servicing and maintenance functions
performed by the specialized loan operations team while also
serving as the primary contact for relationship managers/senior
management on all specialized loan operations related customer
service issues. This role is pivotal for ensuring the integrity,
efficiency, and compliance of our specialized lending
operations.
Essential Duties and Responsibilities
- Responsible for the management of Loan Syndication/Specialty
booking and funding team to include booking new/renewed/modified
loans and servicing complex Commercial loans. Booking includes,
quality assurance of documentation, loan account maintenance,
advanced processing from agent banks, disbursements, and rate
change communications to participant banks, etc. This will be
performed for the products defined as Specialty Commercial which
includes Middle Market, Commercial Real Estate, complex Syndicated
and Participated deals, Letters of Credit, SWAP deals, Franchise
lending, Leases, etc.
- Manage and perform booking of Specialty Commercial loans to
ensure all servicing related functions completed within specified
SLAs, manage suspense posting, pay off process, and the accuracy of
loan account maintenance, payment, payoff and advance processing
from Agents, disbursements/rate changes to participant banks and
detailed servicing of SWAP transactions.
- Prepare, review, and submit timely and accurately the monthly
SBA 1502 reports and make necessary updates to system and/or
reports to reduce errors/exceptions.
- Coordinate SBA loan sale information and direct input to loan
core system to reflect sale balances, premium, and/or discount
amounts.
- Responsible for boarding SBA loans, loan maintenance on SBA
system, ACH payments, reconciles non-posted items, and SBA
participation loans and other SBA transactions.
- Provide assistance, guidance and decisions to the Business
Lines as needed when addressing new deals and or solutions that
establish efficiencies.
- Identify issues and provide workable solutions in addition to
answering questions regarding loan status, loan payment processing,
loan system balancing and other related loan issues.
- Partake in the processing of loan payments, participation
remittances and any line of credit advances.
- Prepare and monitor management reports which communicate the
effectiveness of the department in terms of volume, capacity, SLAs
met, and FTE individual performance.
- Provide excellent service to internal and external members and
deliver responses in a timely manner with attention to detail and
accuracy.
- Effectively coach employees by providing feedback on an ongoing
basis to reinforce positive behavior and/or counsel employees to
correct actions that do not support the bank's vision, mission or
violates policies or procedures.
- Manage vendor relationships which provide essential function to
the Commercial Loan Operations Department including technical
research of system functionality, testing, and review of system
updates for new or modifications and impact to operations.
- Write and perform ongoing analysis to ensure policies, methods
and procedures are accurate, up-to-date and in compliance with
internal and external regulatory requirements.
- Review and monitor reports provided to ensure department
compliance and quality control standards. Coordinate and report on
routine review of procedures by sampling staff completed work to
assure compliance.
- Develop and maintain a broad knowledge of the Syndications and
Specialty Bank product and service offerings, including other loan
products, forms, web applications and system processes. Understand
industry trends and potential impact on future planning.
- Participate in internal and external quality control and audit
assessments, providing prompt and accurate responses to inquiries
made, as well as take immediate action to correct or resolve issues
as they are known.
- Assist the Director of Loan Operations & Administration with
the creating and maintaining the manual of procedures (MOP's), in
conjunction with ERM and Compliance, for assigned personnel
ensuring complete and accurate step by step documentation of
actions required to process all responsibilities. Develop and
coordinate all aspects of on-the-job training for the team.
Identify and recommend internal and external training to maintain
and enhance knowledge and depth of personnel within the
department.
- Embrace modern technology and remain up to date on industry
changes to create an open environment that fosters idea generation
and innovation.
The Manager is responsible for overseeing staff assigned to this
area to administer and service syndicated and participated loan
activities, such as overseeing advances, payment, variable rate
pricing, fee, and overall maintenance of the loans where Seacoast
is the lead/agent or Seacoast is a participating bank. Oversight
and responsibilities to include:
- Receive and review borrower's request or Lead Bank's request to
advance funds against line of credit ensuring proper availability
and process advances on the loan system. Prepare notices requesting
advance of funds for participating banks.
- Receive funds via wire and notices from Lead Banks to post
payments on the loans and clear wire suspense timely.
- Receive notices requesting loan advances and verify that all
provisions have been met and process the advance on the loan system
and disburse the funds to the Lead Bank in accordance with the
Agreement.
- Calculate the amounts/shares applicable to each participating
bank regarding advances and payments.
- Coordinate with Commercial Construction Administration to
prepare notices requesting advance of funds from participating
banks and post accordingly upon receipt of funds.
- Post payments upon receipt from the borrower and or Lead Bank
and monitor receipt of wires.
- Prepare notices of receipt of payments to participating banks
and wire funds accordingly.
- Monitor interest rate and index, repricing and provide rate
change notices to participating bank or process rate changes upon
receipt of notice from Lead Bank.
- Prepare wire instructions and submit funds to participating
banks or upon request from lead bank to disburse funds.
- Prepare Fees Notices with proper fee computations.
- Process Notes Sales with premium/discount as requested by the
lending team in accordance with Accounting Department's note sale
accounting entries.
- Monitor delinquencies and work with Lead Bank to settle any
delinquencies due to syndication administrative issues.
- Reconstruct disputed loan accounting with Lead Bank.
- Reconcile the Wire Account in suspense for timely posting of
funds received.
- Function as a liaison between relationship managers and the
Lead Bank.
- Creating/establishing procedures in support of the Loan
Syndication Administration.
Qualifications
To perform this job successfully, an individual must be able to
perform each essential duty satisfactorily. The requirements listed
below are representative of the knowledge, skill and/or ability
required. Reasonable accommodations made to enable individuals with
disabilities to perform the essential functions.
Education and/or Experience
- College degree preferred or equivalent work experience
- A minimum of 5 years of leadership experience working with
commercial loan documentation
- 3-5 years of Servicing experience with Syndicated loans lead
agent and participant as well as SBA 7a & SBA 504 and SWAPs.
- In depth knowledge of market initiatives to streamline and
automate settlement and servicing.
- Understands market conventions for managing products across
Syndicated & Commercial Lending Operations
- Comfortable interacting with senior internal and external
stakeholders, including the Bank's Clients, Investors, other Agent
Banks, Issuing Banks, Syndications, Front Office etc.
- Ability to analyze and streamline operational processes,
improving productivity and efficiency
- Knowledge of systems used to manage the Syndicated lending
business.
- Ability to identify, problem solve and exercise exceptional use
of good judgment with respect to issues/circumstances as they
arise.
- Strong leadership, interpersonal and communication skills
(verbal and written).
- Must have the ability to work well under pressure and
effectively multi-task in a deadline driven environment.
- Elevated level of attention to detail and the ability to work
under tight deadlines.
- Ability to manage multiple complex projects simultaneously,
ability to multi-task, adapt quickly to changes and work
effectively in a fast-paced environment.
- Must be an initiative-taker and possess positive attitude with
good organizational skills
- Thorough knowledge of Microsoft software, inclusive of Word and
Excel.
- Experience with Document Imaging system.
The Statements above are intended to describe the general nature
and level of work being performed by people assigned to this
position. They are not intended to be an exhaustive list of
responsibilities, duties, and skills. Because these statements are
general, the job description is used for a variety of purposes
including job evaluations; performance reviews; recruitment; etc.
All Associates are required to adhere to the highest legal and
ethical standards applicable to our industry. It is the policy of
Seacoast Bank that all Associates will be familiar and compliant
with all regulatory, legal, ethical and Bank risk mitigation
requirements pertaining to both our industry and their individual
roles. This includes the on time, successful completion of annual
required training post-hire and effective execution of role
responsibilities.
#LI-PF1
Equal Opportunity Employer/Protected Veterans/Individuals with
Disabilities
This employer is required to notify all applicants of their rights
pursuant to federal employment laws.
For further information, please review the notice from the
Department of Labor.
Keywords: Seacoast National Bank, Jacksonville , Syndications / Specialty Loan Booking & Funding Manager, Executive , Jacksonville, Florida
Didn't find what you're looking for? Search again!
Loading more jobs...