About this role
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GENERAL FUNCTION: This position is responsible for appropriate complex research, review, and submission for approval to release and/or modify commercial collateral. Responsible for the appropriate and timely preparation and filing of collateral documents within departmental and state/county regulations as designated by law. Audits current UCC filings on commercial loan transactions to determine if collateral is properly perfected. Proactively reviews reports of coming due UCC's to insure all UCC's are continued within required timeframes. Individuals in this role are also responsible for daily interaction with the commercial contact center, title companies, outside counsel, affiliate lines of business and customers through the timely completion of requests.
Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank’s risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.
ESSENTIAL DUTIES & RESPONSIBILITIES:
Perform review of commercial collateral for modification, amendment and/or termination as requested by portfolio or relationship managers. Work with commercial line of business partners to determine appropriate courses of action related to commercial collateral for renewal or cross-collateralization.
Work with the construction group to review and prepare partial releases as lots are sold.
Prepare and review for accuracy electronically filed documents prior to submission to jurisdictions.
Maintain safekeeping of all liquid collateral. Update the system with all new deposits and withdrawals.
Work with in-house counsel in the preparation of letters of intent to accompany payoff quotes when requested.
Release liens for all vehicle titles held electronically and prepare paper copies of releases when needed.
Collect relevant information and process paperwork to facilitate lien placement. Review all incoming real estate secured documentation from commercial post-closing prior to assisting in facilitation of filing with appropriate jurisdictions.
Prepare additional releases of judgments, release of guarantors, and other documents that require a high level of initial review with SAG and other commercial partners.
Review credit memos to determine appropriateness of release requests, substitutions of collateral, release of guarantors, and other collateral related issues.
Monitor collateral release mailbox and CRM requests for release requests and customer service issues throughout the day.
Determine appropriate individual(s) who have proper credit authority to release and make contact for approval.
Update the commercial loan database to maintain its integrity regarding collateral information.
Review and resolve collateral issues received from affiliate lines of business within departmental SLA.
Update AFS and ACBS with collateral information as appropriate.
Validates entity business status and legal name through research.
Files new UCC’s, continuations, amendments and assignments as required. Reviews all necessary documentation prior to filing.
Monitors the AFS tickler system to insure timely filing of continuation of UCC’s
Identifies filing requirements for unique collateral such as equine, airplane engines, agriculture, assignment of contracts, assignment of membership interest and Purchase Money Security Interest.
Compiles Excel, Mobius and Access reports.
SUPERVISORY RESPONSIBILITIES: None
MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:
High school diploma or equivalent required. Associate or undergraduate degree preferred.
Minimum of 3 years of commercial loan documentation experience required.
Strong verbal and written communication skills.
Strong Analytical skills.
Navigation skills for Windows based products. Knowledge of PC based loan documentation systems and Bank mainframe systems (AFS, Excel, Outlook, etc.). Proficient with the various Commercial Loan systems, AFS, ACE, Filenet, etc. preferred.
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At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.
The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location.
Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being. You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner.
LOCATION -- Cincinnati, Ohio 45227Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting. Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third. Any unsolicited resumes – no matter how they are submitted – will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.
Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.
Other facts
About Fifth Third Bank
At Fifth Third Bank, everything we do is rooted in our purpose: to improve the lives of our customers and the well-being of our communities. Since our founding in 1858, we’ve been committed to creating a better financial experience by empowering our customers and clients to achieve what matters most.
Our unified strength is grounded in the individual passion and diversity of more than 20,000 employees who work collaboratively to deliver a better tomorrow to everyone we serve. We offer a strong culture, opportunities for growth 401k match, wellness options, comprehensive insurance plans and additional resources you need to build a lasting and rewarding career path here.
Headquartered in Cincinnati, Ohio, we are among the largest money managers in the Midwest.
We operate four main businesses—Commercial Banking, Branch Banking, Consumer Lending, and Wealth & Asset Management—and a network of financial centers in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, North Carolina and South Carolina. Consumers also have access to approximately 54,000 Fifth Third fee-free ATMs across the United States.
Fifth Third Bancorp is a diversified financial services company and is the indirect parent company of Fifth Third Bank, National Association, a federally chartered institution.
Explore Fifth Third career opportunities at: https://www.53.com/content/fifth-third/en/careers.html
Fifth Third Bank, N.A., Member FDIC. Fifth Third Bank is proud to be an affirmative action/equal opportunity employer. M/F/D/V
What you'll do
- The role involves researching, reviewing, and submitting approvals for commercial collateral modifications and ensuring timely filing of collateral documents. It also includes daily interactions with various stakeholders to facilitate requests and manage collateral-related issues.
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