What are the responsibilities and job description for the Loan Operations Specialist I position at b1BANK?
SUMMARY
Responsible for timely and accurate boarding of loans to the bank’s core system, processing of loan account maintenance, processing of loan advances & loan payments on the bank’s core system, remittance of participation transactions and settlement, processing of non-accrual & charge off loan transactions, daily account reconciliation, and processing of un-posted loan transactions.
SPECIFIC JOB DUTIES
- Boards all loan types to the bank’s core system, as well as processes modifications and renewals to existing loans
- Review loan documentation post-closing to verify all required documents have been received and signed
- Processes advances, loan payments, and loan maintenance by either preparing necessary paper transactions, or direct input to the bank’s core system
- Handles all rate swap correspondence with customers and originator, as well as wires for rate swap payments
- Process participation transactions, and correspond with participant banks as needed
- Completes credit confirmation inquiries
- Handles recordation of mortgages and UCC filings for new collateral to ensure proper lien perfection of bank’s collateral
- Responsible for initial input of loan file ticklers and exceptions
- Balances various general ledger accounts
- Mail daily loan notices and statements to clients
- Responsible for gathering internet payment information from Dimension and Check Free and posting to loans
- Works daily reports produced by the bank’s core system
- Handles processing of daily unposted items
- Processing of loan account risk rating changes, accrual changes, and charge off entries
JOB REQUIREMENTS
- Associate’s Degree or Bachelor’s Degree in a Business or Finance related field
- 1 (one) to 2 (two) years of loan operations experience
- Strong understanding of loan application policies and procedures, as well as documentation required by federal and state regulations
- Strong working knowledge of other departments, as they relate to loan operations
- Strong interpersonal communication
- Strong organizational and time management skills
- Strong computer, keyboard, and software application (Microsoft Word and Excel) skills
Equal Opportunity Employer/Veterans/Disabled
