What are the responsibilities and job description for the Commercial Lending Paralegal position at Stock Yards Bank & Trust?
Stock Yards Bancorp, Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank & Trust Company, with offices in Louisville, Central, Eastern and Northern Kentucky, as well as the Indianapolis, Indiana and Cincinnati, Ohio metropolitan markets.
Job Title: Commercial Lending Paralegal
FLSA Status: Exempt
Department: Risk
Hours of Operation: Monday – Friday, 8:00am – 5:00pm
General Job Summary
This position works with in-house counsel for the lending divisions and assists in managing the use of outside legal counsel by individuals throughout the bank, as well as drafting complex loan document provisions and bank forms. The position reports to Deputy Counsel and supports operational, corporate and regulatory matters within lending and ensures that loans that are documented externally or internally are documented according to policy and the requirements in the loan approval. The position provides risk assessment and recommendations concerning loans. This position shall have strong knowledge of Bank Loan Policy and assist others internally and externally with compliance with that Loan Policy.
Organizational Duties And Responsibilities
Education: College Degree or Paralegal Degree preferred
Experience: Minimum 5 years’ experience working with Loan Documents and closings in a law firm setting
Specific Skills
The physical demands described here are representative of those that must be met by an employee in order to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Job Title: Commercial Lending Paralegal
FLSA Status: Exempt
Department: Risk
Hours of Operation: Monday – Friday, 8:00am – 5:00pm
General Job Summary
This position works with in-house counsel for the lending divisions and assists in managing the use of outside legal counsel by individuals throughout the bank, as well as drafting complex loan document provisions and bank forms. The position reports to Deputy Counsel and supports operational, corporate and regulatory matters within lending and ensures that loans that are documented externally or internally are documented according to policy and the requirements in the loan approval. The position provides risk assessment and recommendations concerning loans. This position shall have strong knowledge of Bank Loan Policy and assist others internally and externally with compliance with that Loan Policy.
Organizational Duties And Responsibilities
- Supports the mission, vision and philosophy of the Bank. Complies willingly with all organizational policies and procedures.
- Supports all functions that maintain compliance with regulatory agencies.
- Assists in-house counsel to provide all lending areas guidance on legal compliance according to Bank Loan Policy and specifics of loan approval
- Draft Loan Document forms and special provisions as required
- Review approvals of credit in Credit Quest and provide support documenting the Loan according to the approval
- Monitor and review loan documentation to ensure compliance with all laws and regulations as well as Loan Policy and ensure closed loans are consistent with their approved terms and conditions
- Advise lending staff on the proper legal structure of notes, participations, UCC filings and other legal documents
- Assist in formulation of bank policy as to various legal, risk, compliance and credit issues
- Work with internal and external parties to ensure standardization of language in compliance with Loan Policy and to mitigate risk
- Review loan documents, title, surveys, organizational documents and other legal due diligence prior to and after closing of loans to ensure and confirm compliance
- Review and monitor collateral technical exceptions
- Verify liability insurance of outside counsel on an annual basis.
- Maintain outside counsel approved list
- Perform administrative duties for Deputy Counsel
Education: College Degree or Paralegal Degree preferred
Experience: Minimum 5 years’ experience working with Loan Documents and closings in a law firm setting
Specific Skills
- Knowledge of banking and corporate law
- Strong organizational skills
- Excellent verbal and written communication skills
- Ability to multi-task
- Familiarity with revocable and irrevocable trusts
The physical demands described here are representative of those that must be met by an employee in order to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Primarily sedentary work performed in an office environment
- Ability to sit for extended periods of time while working at a computer
- Frequent use of hands and fingers to operate a computer, keyboard, mouse, and other office equipment
- Ability to speak clearly and hear well enough to communicate with clients, team members, and vendors via phone, video, and in person
- Visual acuity sufficient to read computer screens, printed documents, and financial data
- Occasional standing, walking, bending, or reaching
- Ability to lift and carry up to 10–15 pounds occasionally (e.g., files, office supplies)
- 401(K) with a company match of up to 6%
- ESOP employer match
- Medical insurance
- Dental insurance
- Vision insurance
- Cancer/Disease insurance
- Accident insurance
- Flexible Spending Accounts
- Flexible Savings Accounts
- Health Savings Accounts
- Bank paid Life/AD&D insurance
- Voluntary Life/AD&D insurance
- Bank paid Short-Term and Long-Term Disability insurance
- Employee Stock Purchase Plan
- Employee Assistance Program