Indirect Lending Assistant

St. Jean's Credit Union is Massachusetts' First Credit Union, organized in 1910. St. Jean's is also America's Oldest State Chartered Credit Union and the second oldest in the nation.

We are looking for an entry level part-time (20 hours, per week) Indirect Lending Assistant, at our Operations Center in Salem MA.

If you have first and equity Indirect Lending experience and you believe a good fit, we would like to hear from you. The Credit Union offers a competitive compensation package, work-life balance, and a collaborative work team environment.

We are seeking a highly skilled and detail-oriented Indirect Lending Assistant to join our team in the financial services industry. The ideal candidate will be responsible for supporting our loan origination process and ensuring the highest level of quality in our financial software. This is an excellent opportunity for someone who is passionate about financial services and has a strong background in math and contract management.

Assists with overseeing the day-to-day operations. Adheres to policies and procedures that maximize potential business and limit or reduce loss ratio. Customer service; builds and enhances relationships with new and existing auto dealers and members. Develops, recommends, and reports on departmental improvements to management.

Classification: Non-Exempt/Hourly

ESSENTIAL FUNCTIONS AND BASIC DUTIES

• Responsible for funding indirect loans as needed.
• Handles underwriting indirect loans every other Saturday from 9AM until 1PM – alternating schedule with Sr. Indirect Lending Manager.
• Monitor and follow-up on missing and erroneous titles. This will include involving Loan Officers when loan closing documentation was missing or insufficient.
• Assists members with GAP claims (both STJ and policies sold by 3rd parties).

Secondary Responsibilities

• Assist with system rate changes as needed.
• Responsible for providing insurance carriers with Letters of Guarantee for collateral deemed a total loss.

Performance Measures

• Time underwriting of all indirect loan applications.
• Funding of all indirect loan packages, efficiently and timely.
• Follow-up with dealers with respect to funding delays.
• Metrics will be established to measure the progress being made on clearing up missing titles.

Qualifications

• High school diploma or college degree and/or business-related certifications, or equivalent.
• 1-3 years underwriting experience, indirect lending loan experience, is a plus.
• Valid driver’s license and reliable transportation
• Familiar with CUDL platforms (CUDL 4 and Decision Manager) and Dealertrack

ESSENTIAL FUNCTIONS AND BASIC DUTIES

• Responsible for funding indirect loans as needed.
• Handles underwriting indirect loans every other Saturday from 9AM until 1PM – alternating schedule with Sr. Indirect Lending Manager.
• Monitor and follow-up on missing and erroneous titles. This will include involving Loan Officers when loan closing documentation was missing or insufficient.
• Assists members with GAP claims (both STJ and policies sold by 3rd parties).
• - Use 10 key typing skills to efficiently enter data into financial software.
• Utilize basic math skills to accurately calculate loan amounts and interest rates.
• Review and process loan contracts according to regulations.
• Work closely with loan officers to ensure all necessary documentation is completed and all loan terms are fulfilled.
• Maintain accurate records of loan applications and processing activities.
• Perform various administrative tasks, such as data entry, filing, and correspondence.
• Proven organizational skills and attention to detail.
• Ability to work independently and as part of a team.

Skillset

- Financial services

- typing

- Loan processing

- Math

- Contract

- Basic math

- Financial software

- Loan origination

- Loan officer

Secondary Responsibilities

• Assist with system rate changes as needed.
• Responsible for providing insurance carriers with Letters of Guarantee for collateral deemed a total loss.

Performance Measures

• Time underwriting of all indirect loan applications.
• Funding of all indirect loan packages, efficiently and timely.
• Follow-up with dealers with respect to funding delays.
• Metrics will be established to measure the progress being made on clearing up missing titles.

Work Environment and Physical Demands.

Office setting at a workstation, desk, sitting, use of telephone, computer, devices and office equipment. While performing the

duties of this job, the employee is regularly required to talk or hear/listen.

The employee frequently is required to sit, stand, walk; use hands to finger, handle, or feel; and reach with hands and arms.

It is the policy of St. Jean’s Credit Union to provide equal employment opportunities without regard to race, color, religion, sex, national origin, age, disability, marital status, veteran status, sexual orientation, genetic information or any other protected characteristic under applicable law.

Job Type: Part-time

Expected hours: 20 – 25 per week

Benefits:

• 401(k) matching
• Flexible schedule
• Paid time off

Physical Setting:

• Office

Schedule:

• 8 hour shift
• Day shift
• Monday to Friday
• On call

Experience:

• Financial services: 3 years (Required)
• Data entry: 2 years (Required)

Work Location: In person