This is an on-site position in Schaumburg, Illinois
About Byline Bank:
Headquartered in Chicago, Byline Bank is a full-service commercial bank serving small- and medium-sized businesses, financial sponsors and consumers. Byline Bank has approximately $9.6 billion in assets and operates 46 branch locations throughout the Chicago and Milwaukee metropolitan areas. Byline Bank offers a broad range of commercial and community banking products and services, including small-ticket equipment leasing solutions, and is one of the top Small Business Administration lenders in the United States according to the national SBA ranking by the U.S. Small Business Administration by volume FY2023. Byline Bank is a member of FDIC and an Equal Housing Lender.
At Byline Bank, we take pride in being an award-winning workplace. Some of our recent recognitions include:
- U.S. News & World Report named Byline Bank as one of the Best Companies to Work for in the Midwest in 2024-2025
- Best Workplaces in Illinois in 2024 by Best Companies Group and Illinois SHRM (Society for Human Resource Management)
- Forbes America’s Best Small Employers 2023
By joining our team, you will become part of an organization that values growth, collaboration, and innovation. We strive to create an environment where employees feel supported and are empowered to excel in their roles. If you're looking for a career with a company that puts people first and makes a difference in the communities we serve, Byline Bank is the place for you.
Looking for a chance to grow your career while making a meaningful difference in your community? At Byline Bank, we offer an environment where hard work is valued, teamwork is essential, and every employee has the chance to make an impact. Join us and be part of a company that's as committed to its employees as it is to its clients.
The Post-Closing Specialist will be responsible for auditing closed loan packages and collateral documents to ensure bank’s security interest and adherence to established policies and procedures.
Duties and responsibilities:
- Receive UPS/FEDEX packages daily from various branch locations, Title Companies, Law Firms, etc.
- Review consumer, commercial and other types of loan packages for original document and log them into department data base.
- Complete Post Closing Checklist review to verify all original documents are received.
- Image documents received into banks software, and update exceptions for missing/trailing documents.
- Prepare collateral file labels for new loans reviewed.
- Organize and release customer purchased tax certificates and floor plan titles.
- Maintains exception tracking report and works with lending staff to resolve exceptions.
- Monitor and process all collateral requests via the Post Loan Closing Group email address.
- Issue releases of collateral on previous paid legacy loans, current paid loans or as directed by lending staff.
- Process paid loans and prepare closing/release package to mail to customers.
- Add and update paid loan data on tracking spreadsheet.
- Provide release/paid documents to 3rd party mortgage servicing vendor (Dovenmuehle).
- Audit loan files to determine if they can be pledged to the FRB or FHLB. Maintain required documentation to ensure compliance to regulations and audit requirements.
- File UCC filings, and record trailing documents (mortgages, AOR’s and Mod’s) for non-title company closings via various vendors.
- Performs audit of boarded loan packages and collateral documents to ensure bank's security interest and adherence to established policies and procedures.
- Audit and process payment of 3rd party loan related invoices.
- Assisting with data collection and reporting for commercial loan support projects and audits.
- Other duties as assigned.
Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time.
Education and Experience:
- High School diploma or equivalent; some college preferred.
- Must have a minimum of two years’ experience working with commercial loan documentation/collateral.
- Knowledge of FIS, nCino, Simplifile and CT Lien Solutions is a huge plus!
Key Accountabilities:
- Detail oriented with excellent organizational, time management and communication skills.
- Ability to multitask in in fast-paced work environment.
- Proven ability to work both independently and as a team member.
- Ability to make sound decisions based upon bank policies, procedures, knowledge, and experience.
- Ability to communicate with all levels effectively and accurately within the organization.
- Contributing to a positive work atmosphere of mutual respect.
Physical Demands/Work Environment:
Usual office environment with frequent sitting, walking, and standing, and occasional climbing, stooping, kneeling, crouching, crawling, and balancing. Frequent use of eye, hand, and finger coordination enabling the use of office equipment. Oral and auditory capacity enabling interpersonal communication as well as communication through automated devices.
This is an on-site position requiring you to work from our Schaumburg, Illinois office location five days a week. We value in-person collaboration and believe that being physically present at the office is essential for this role. Candidates must be able to commit to a full-time, on-site schedule during standard business hours.
Compensation & Benefits:
Byline Bank offers competitive industry rate salary bands with the goal of retaining and growing talented individuals. We regularly review and adjust our compensation structure as needed to ensure equity across teams and levels.
The anticipated hourly range for the position is between $20.91 and 24.04.
In addition, Byline provides benefits including medical coverage, dental, vision, disability, 401k, paid time off and much more! Depending on the specific role, compensation may also include discretionary bonuses and other benefit programs. The actual compensation package may vary based on factors such as skill set, experience level, and candidate's location.
Additional Information:
Byline Bank is an Equal Opportunity Employment / Affirmative Action employer dedicated to providing an inclusive workplace where the unique differences of our employees are welcomed, respected, and valued. We are committed to the principle of equal employment opportunity for all employees and to providing employees with a work environment free of discrimination and harassment.
All employment decisions at Byline Bank are based on business needs, job requirements and individual qualifications, without regard to race, color, religion or belief, national, social or ethnic origin, sex (including pregnancy), age, physical, mental or sensory disability, HIV Status, sexual orientation, gender identity and/or expression, marital, civil union or domestic partnership status, past or present military service, protected veteran status, family medical history or genetic information, family or parental status, or any other status protected by the laws or regulations in the locations where we operate. Byline Bank will not tolerate discrimination or harassment based on any of these characteristics.
Byline Bank is committed to providing reasonable accommodations for candidates with disabilities in our recruiting process. If you need any assistance or accommodations due to a disability, please contact us directly at 773-475-2900, Option #2.
This role is not eligible for visa sponsorship now or in the future.
Note to Recruitment Agencies and Third-Party Recruiters:
Byline Bank kindly requests that third-party recruiters, staffing agencies, and recruitment firms refrain from submitting resumes or candidate profiles without a prior agreement in place. Any unsolicited submissions will be considered property of Byline Bank, and no fees will be paid for placements resulting from such submissions. We appreciate your understanding and cooperation.
