Commercial Loan Attorney

Position Function:

This position reports to the department manager and includes the following minimum responsibilities:

(i) Performs legal due diligence of corporate documents to verify loan parties existence and authority, ensure bank’s collateral lien position is perfected, and ability to do a complete file review while minimizing the bank’s risk by ensuring loan documents are drafted in compliance per credit approval documents.

(ii) Documents business purpose credit transactions, complex commercial real estate & commercial credits in bank’s loan documentation software in accordance with established bank guidelines, credit approval documents, compliance and regulatory requirements while ensuring the highest level of accuracy & quality in a timely manner. Complex commercial real estate & commercial credits are defined as credit facilities which contain a large number of complex terms, conditions and/or multiple collateral.

(iii) Assists with loan documentation review and closing of commercial real estate loans which include participations and syndications and interact with outside counsel through the documentation process.

II:

(i) Documents commercial real estate loans in accordance with bank guidelines while ensuring the highest level of accuracy and quality in a timely manner.

(ii) Manage the department’s commercial and standby letters of credit portfolios and the post-closing processes.

Performs all duties and interacts with internal and external customers in a manner that is expressly aligned with the Company’s Core Values of approaching all actions with a “Voyaging Spirit” and being “Positively Ohana”. Exhibits core competencies that result in consistent delivery of positive Customer Interactions, Empowerment and Ownership and demonstrates key professional and performance skills such as Active Listening, effective Oral and Written Communication, Action and Solution Oriented and Thoroughness.

Primary Accountabilities:

Prepares and/or facilitates quality document preparation in a timely and accurate manner as set forth in the Credit Approval document (CAM, Change Memo, Modification Agreement, etc.). Becomes a proficient producer of quality business purpose documents in the LaserPro commercial documentation system. Proactively collaborates with relationship officers and their specialists to identify requirements related to the documentation requests, including anything that may preclude or complicate loan closing, funding or recording, and agree on appropriate resolution to ensure quick response for the bank customer. Proactively involves the department manager, outside counsel, as well as the lending unit leader, relationship officer & specialist, and/or credit administrator or others as appropriate to raise & resolve documentation, closing, funding and/or recording challenges. Demonstrates exceptional knowledge of the bank’s credit policies, documentation standards, regulatory matters and corporate compliance.
Prepares instructions on disbursing loan proceeds in accordance with the terms set forth in the Credit Approval document and/or lending unit’s instructions.
Ensures and reviews attorney prepared loan documents mirror bank’s approval document, review of collateral searches, insurance certificates and regulatory forms.
Setup, track, follow-up and resolves post-closing exceptions with lending units.
Identifies commonly occurring challenges and brings them to the attention of the department manager, together with a suggested approach/recommendation for resolution.
Timely develops and completes distinct projects under the direction of the department manager.
Demonstrates a positive attitude and a team player; must be prepared to relieve Documentation Specialists.
Develops a working knowledge of BSA & Compliance laws, rules and regulations that impact the documentation process & documents for commercial credits and for different types of collateral.

II:

Prepares and facilitates quality commercial loan document preparation in a timely and accurate manner per the credit approval memorandum.
Be a proficient administrator/user of the commercial loan document system to enable the department’s production of quality commercial loan documents from the system.
Proactively collaborates with bank officers and specialists to identify requirements related to the documentation requests, including anything that may preclude or complicate loan closing, funding or recording, and agree on appropriate resolution to ensure quick response for the bank’s customer. Proactively involves the department manager, outside counsel, lending unit leader, bank officer and specialist, credit administrator or others as appropriate to raise and resolve documentation, closing, funding and/or recording issues.
Has strong knowledge of the bank’s credit policies, documentation standards and regulatory compliance.
Prepares instructions on disbursing loan proceeds in accordance with the terms set forth in the credit approval memorandum and/or per the lending unit’s instructions.
Ensures and reviews attorney prepared loan documents mirror bank’s approval document, review of collateral searches, insurance certificates and regulatory forms.
Setup, track, follow-up and resolves post-closing exceptions with lending units..
Maintain and update department policies and procedures.
Identifies challenges and brings them to the attention of the department manager, together with a suggested approach/recommendation for resolution.
Timely completes other projects as assigned by the department manager.
Demonstrates a positive attitude, is a hard worker, and a team player.
Supervises and develops CDC’s administrative specialist.
Provides ongoing guidance and training to CDC team members on various letter of credit issues and post-closing matters.
Evaluates and implements improvements and efficiencies to current letter of credit processes and reporting requirements.
Evaluates and implements improvements and efficiencies to current post-closing follow-up and incoming original loan document processes.
Develops a working knowledge of compliance laws, rules and regulations that impact the department’s commercial loan documents and related processes.
Researches changes to applicable laws, rules and regulations.
Recommends and implements changes to documents and/or the documentation process to support ongoing legal and compliance concerns.
Timely completes other projects as assigned by the department manager.
Demonstrates a positive attitude, is a hard worker, and a team player.

Minimum Qualifications:

Education:

Attorney I and II:

Bachelor’s Degree from a 4-year university, preferably in related field required.
JD degree from an accredited law school required.
Admitted to the practice of law in the State of Hawaii required.

Experience:

Attorney I:

5+ years of experience in Commercial real estate/loan transactions, corporate/loan transactions, bank compliance required.

Attorney II:

6+ years of experience in Commercial real estate/loan transactions, corporate/loan transactions, bank compliance required.

Physical Requirements & Working Conditions:

Must be able to perform light physical work and to move or lift items including but not limited to boxes, files and papers up to 20 pounds unless otherwise as indicated.
Must be able to operate and proficiently use standard office equipment, including phone, copier, personal computer and/or other work related mechanical or electronic devices and applications.
Must be able to clearly communicate verbally and in writing with all internal and external customers. Must also be able to hear sufficiently to engage in daily discussions and interactions.
Must be able to read and understand bank-related documents.
Must be able to work in a conventional office setting, involving sitting at a desk or workstation for long periods of time. Must also be able to adapt to different work environments as needed to perform the job.

We are proud to be an EEO/AA employer M/F/D/V. We maintain a drug-free workplace and perform pre-employment substance abuse testing.