What are the responsibilities and job description for the Senior Loan Process Specialist position at Montecito Bank & Trust?
Join Montecito Bank & Trust as a Senior Loan Process Specialist!
As the largest locally owned community Bank on the Central Coast, Montecito Bank & Trust is committed to our founding principle: to make the communities we serve better places to live and work. We are always looking for talented professionals who are passionate about personalized service, community involvement, and innovation. By joining our team, we are dedicated to your career development and wellbeing, in and out of the workplace.
About the Role
Montecito Bank & Trust is seeking a full-time Senior Loan Process Specialist to join the team in our Commercial Lending Group. As a Senior Loan Process Specialist, you will deliver a World Class Experience by supporting the Commercial Lending Group staff, as applicable, in matters related to lending activities for all loans at the individual, commercial, and transaction level. This position will interface with the Commercial Bankers and Portfolio Managers assisting with admin and research requested for clients and may assist the Supervisor or Commercial Lending Manager with generation of reports for bi-monthly department meetings. The Senior Loan Process Specialist will be involved throughout the loan underwriting process and will assume all required duties related to gathering information, facts, loan histories, relationship data, and providing same to Portfolio Managers and Commercial Bankers. Candidate will be responsible for facilitating the processing of loan approval, showing a high degree of competence in translating loan approval documents into complete, system-compliant information for documentation preparation and boarding. The Senior Loan Process Specialist will provide operational support to the lending team as required. The Senior Loan Process Specialist may also be responsible for the training and mentoring the other Loan Process Specialists on the preparation of document requests and other loan processing functions. You will be located in Goleta, CA with a fully on-site work schedule.
What We’re Looking For
- Associate’s degree, high school diploma, or equivalent required.
- Five to eight years of banking experience, or similar or related experience, required including at least three or more years of commercial and/or residential loan processing or equivalent work preferred.
- Two-year college degree or completion of specialized course preferred.
- Basic accounting, bank operations or experience with journal entries required.
- Strong critical thinking, decision-making, and customer service skills.
- Ability to provide oversight, leadership, guidance and teaching to any less senior Loan Support Specialists and/or other personnel.
Your Responsibilities
The essential functions of this role include, but are not limited to:
- Arranges for smooth loan coordination of ongoing advances/repayments, documentation associated with maintenance of internal loan system.
- Supports the processing of construction loan disbursements or other advances and payments.
- Processes approved moderate to complex Credit Memos and translate them into the Lending Origination System and forward on to documentation and boarding. Accurate preparation of documentation request, funding worksheets and other required forms.
- Keeps strong communication with title, escrow and other third parties throughout the loan closing process.
- Assumes responsibility for verification of all loan information and maintain the integrity of the loan file by ensuring all information provided is completed and accurate prior to funding and boarding.
- Assists in the loan underwriting support process including data/information gathering, file sourcing, file management, relationship information/loan history gathering.
- Provides administrative support such as responding to phone inquiries, monitoring incoming office mail, and other office management tasks
Your Benefits
- Workplace Culture that Values YOU
- Competitive Pay
- Medical, Dental, Vision, & Life Insurance
- 401K Matching/Retirement Planning
- Paid Vacation Time, Sick Time, Federal Holidays, & Volunteer Time
- Associate Bank Accounts
- Bank Gatherings, Events, & Associate Engagement Activities
Individual pay is based on a multitude of factors, including candidate’s experience, knowledge, skills, and abilities needed to perform in the position and pay equity.
Equal Employment Opportunity
Montecito Bank & Trust is an equal opportunity employer. All qualified applicants will be considered for employment regardless of race, color, religion, sex, sexual orientation, gender identity, gender expression, national origin, age, veteran or disability status, or any other protected characteristic.
Employment eligibility is contingent on completing the DHS Employment Eligibility Verification (I-9) form and presenting acceptable documentation upon hire verifying your identity and right to work in the United States. The Bank does not sponsor visas, green cards, CPT, OPT, or other work authorizations.
Interested in Applying?
- Apply through Indeed or visit our website Montecito Bank Careers
- Review the openings using the “Explore Opportunities” tab.
- Select “Apply Now” to review the desired position and click “Apply” to submit your application.
- Create a personal log-in to apply.
