Loan Operations Specialist

Hiring Range: Loan Operations Specialist III: $50,418 - $63,026 annually
Loan Operations Specialist II: $43,997 - $54,996 annually

Location: Bismarck, ND

Bank of North Dakota (BND) is seeking a Loan Operations Specialist to join our team! The Bank was established to promote agriculture, commerce, and industry in the State. Its loan programs work in conjunction with private financial institutions to finance economic development throughout the State. It is the legal depository for all state funds unless provided otherwise by law. The Bank also serves as a central clearing agency and provides many other services to North Dakota banks and other financial institutions.

At Bank of North Dakota, we offer rewarding work opportunities with a competitive employee benefits package including a fully paid family health insurance plan, paid leave, retirement plan options, work-life balance/flexibility, an infant-at-work program, tuition reimbursement, and more!

Summary of Work

The Loan Operations Specialist will have knowledge and skills to manage transaction processing and daily balancing for BND's extensive loan portfolio, which includes over 115 loan programs encompassing direct, participation, buydown, administered, and student loans.

The Loan Operations Specialist will be responsible for performing daily balancing of the bank's direct, participated, and administered loan portfolio and associated accounts, and processing non-posted transactions. The individual will review and analyze reports to monitor the loan portfolio, validate transactions, and ensure compliance with standard operating procedures. The ideal candidate will have strong problem-solving skills to resolve complex loan discrepancies, process loan modifications, move loans into a non-accrual and charge-off status, and assist with projects. This individual will also verify information on loan boarding sheets, activate loans and disburse proceeds for new direct and participation loans. This position will process loan operating system maintenances to maintain integrity of the loan operating systems. This position will train Loan Operations Specialists and may provide backup support to the Lead Loan Operations Specialist.

The selected candidate must have the ability to adapt to changing priorities and have a proven history of being able to complete detailed tasks consistently accurate in a fast-paced environment. They must be an innovative team player with the ability to identify process inefficiencies and provide viable solutions. Strong communication, teamwork, and fostering the Bank of North Dakota's partnerships will be required to provide additional support and participate in extensive collaboration both internally and externally.

Minimum Qualifications

Loan Operations Specialist III requires an associate degree in finance, business, or a closely related field of study and 18 months' work experience in banking involving bookkeeping, bank cashiering, or office support duties. The hiring authority may substitute accredited accounting or banking course work for the required work experience if it provided the knowledge and skills required to perform the core competencies of the position to be filled.

If unable to find a qualified applicant, the hiring team may fill this position as a Loan Operations Specialist II. This position requires an associate degree in finance, business, or a closely related field of study and 12 months' work experience in banking involving bookkeeping, bank cashiering, or office support duties. The hiring authority may substitute accredited accounting or banking course work for the required work experience if it provided the knowledge and skills required to perform the core competencies of the position to be filled.

Preferred Qualifications

• Work experience in lending, with a focus on processing loan transactions, analyzing financial data, and reconciling loan and accounting reports.
• Experience with participated loan and buydown programs.
• Proficiency in banking software systems.
• Strong interpersonal and communication skills.
• Ability to collaborate effectively in a team environment with diverse colleagues and customers.
Proven ability to manage multiple high-priority tasks efficiently.

About Team ND

"Far and away the best prize life offers is the chance to work hard at work worth doing." - Theodore Roosevelt

More than 7,500 talented, hard-working people across sixty-three agencies have come together as Team North Dakota. At Team ND, we are driven to succeed through gratitude, humility, curiosity and courage. Our purpose is to empower people, improve lives, and inspire success. Join us in being legendary.

Total Rewards: The State of North Dakota is committed to providing team members with a strong and competitive rewards package that support you, your health and your family.

Considering a new position on Team ND? How does your current position stack up? Use our Total Rewards Calculator to estimate.

Application Procedures

Please attach a resume to your electronic application. All application material must be received by 11:59 pm on the closing date. Application form and resume should demonstrate the knowledge, skills, and abilities that are needed to meet the minimum qualifications for this position. Application materials will be scored based on a 100-point job related personnel system. Applications should include information which directly addresses how the applicant meets the minimum qualifications and summary of work. It is very important to be thorough and detailed on all your application materials.

Applicants who experience technical difficulties during the application process should contact recruiter@nd.gov or 701.328.3290. If accommodations or assistance is needed in the application or interview process, please contact Mallory Green at mallgreen@nd.gov 701.328.6573 or TTY users may use Relay North Dakota at 711 or 800.366.6888.

Notice to prospective employees that the Bank of North Dakota complies with the U.S. Dept. of Labor Family and Medical Leave Act (FMLA); and all information contained within, at www.dol.gov/whd/fmla.

A credit, state and federal background check will be conducted on the final candidate.

Equal Employment Opportunity

The State of North Dakota and this hiring agency do not discriminate on the basis of race, color, national origin, sex (including sexual orientation and gender identity), genetics, religion, age or disability in employment or the provisions of services and complies with the provisions of the North Dakota Human Rights Act.

As an employer, the State of North Dakota prohibits smoking in all places of state employment in accordance with N.D.C.C. Sect. 23-12-10.