CrossFirst Bank Participation Loan Coordinator in Leawood, Kansas

This job was posted by : For more information, please see: The Participation Loan Coordinator is responsible for acting as the liaison for lead banks and participating banks, while effectively managing the activity of participated or syndicated loans. Serve as subject matter expert (SME) on participation loans, as well as all levels of complex loan servicing including, but not limited to, booking/funding, documentation and credit.Partner with Bankers to understand, interpret and document new participation and syndicated loans and provide extraordinary service while managing risk for the Bank.Reviews loan approvals and documentation for participated loans.Input payments, rate changes, new rates, advances,interest payments and wires(incoming /outgoing) for participated loans.Ensure all reporting requirements and covenant tests contained in Loan Agreements are met on a timely basis and provided to all participating banks.Administer and monitor participated loans on an ongoing, transactional basis working in close partnership with the Banker on record and any necessary Services & Support team members.Act as a liaison with participating banks as well as with all Services & Support team members, during all phases of the participated loan.Maintain effective processes with lead banks to ensure the timely and accurate processing and booking of participated loans.Monitor pipeline with Credit and Documentation teams to ensure the participation loan is booked on the core system in accordance with loan approval requirements. Send or request reconciliation wires from participating banks as needed, ensuring funding occurs within designated Service Level Agreements.Monitor participation loans and /or participation letters of credit; create and monitor any exception items; clear any exceptions in an accurate and timely manner..Ensure administrative fees have been received and credited to appropriate general ledger accounts and amortized according to bank policies and procedures. Document any approved fee exceptions. .Ensure all necessary loan related documents have been received.Act on items that may affect the disbursement process such as change orders, sufficiency of funds and borrowing bases.Document, monitor and resolve any post-closing conditions or tasks defined in the Loan Agreement and communicate any red flags to the appropriate Services & Support team.Manage yearly BSA for lead and participating banks and submit to Compliance.Work in conjunction with the Credit Administration team to manage SNC submission with Shared National Credit Program.Develop and maintain policies and procedures for all Participation functions. Interact with internal and external clients and provide extraordinary service.