What are the responsibilities and job description for the Commercial Loan Operations Coordinator position at Farmers National Bank?
SUMMARY: The Commercial Loan Operations Project Manager is responsible for coordinating and
processing workflow for project related functions such as commercial construction monitoring and
disbursements; participation monitoring, advances and payments; real estate tax monitoring and
notifications; loan systems processes and improvements, and all commercial operational processes as
assigned. This position provides oversight and defines workflow to process improvements while
providing training to staff with oversight of exceptions and accelerated internal issues.
- Analyze and approve draw requests based upon specifications, cost estimates, builder’s
- Primary point of contact and responsible for resolving and responding to borrower and
costs overruns, change orders interest accrual and payments and final modification to
permanent financing
- Administer the disbursement process for commercial construction loans while the property is
- Order inspections during construction phases upon request of contractor or borrower
- Maintain supporting documentation for construction file for draw requests, inspections,
- Track builder’s risk and hazard insurance policies receiving updated policies at completion of
- Discuss modification process with Lender/Borrower and prepare modifications for extension of
- Review construction loan file including agreements from documents to system for complete
- Provide welcome and disbursement packages to contractor and borrower explaining draw
- Review and interpret loan participation documents for accuracy and compliance of bank
non-financial conditions and any regulatory requirements pertaining to the loan.
- Administer the disbursement process for participation loans
- Balance and process payments of participation loans
- Primary point of contact and responsible for resolving and responding to participant banks
- Supervise/oversee projects as assigned by the Commercial Loan Operations Manager related
processes and operational process improvement
- Monitor real estate tax files for borrowers with delinquent real estate taxes and provide proper
- Provide back up to Commercial Loan Operations Manager during peak workflows and
- Complete all mandatory and elective training including BSA and Anti-Money Laundering
- Regular predictable attendance is an essential requirement of this position
- Complete all other duties as assigned
EDUCATION and/or EXPERIENCE:
- Bachelor’s Degree in Accounting, Finance or Business Management or equivalent combination
- Minimum three (3) years’ experience with construction loan process including disbursements
Familiarity with Ohio mechanic lien laws a strong plus.
- Minimum of two (2) years’ experience in operations
- Strong attention to detail with a strong organizational focus with ability to multi task.
- Understanding of GLs and flow of funds for disbursements from participation loan account to
- Good verbal and written communication with ability to explain complicated financial
Participant Bank’s staff.
- Good verbal and written communication with ability to communicate on all levels to
- Good problem solver and independent thinker with ability to research, resolve and
- Team oriented with demonstrated effort to assist other department staff during peak work
Farmers National Banc Corp. is an Equal Opportunity Employer: disability/veteran
Education
Required- Bachelors or better in Finance or related field
- Bachelors or better in Accounting or related field
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)
