What are the responsibilities and job description for the Closing & Compliance Specialist position at Stearns Bank NA.?

Job Description

At Stearns Bank, we’re helping people, entrepreneurs, small businesses, and local communities nationwide reach their full financial potential. Sound like something you want to be a part of? If so, we’re currently looking for a Closing & Compliance Specialist to join our team! This will be an IN-OFFICE ROTATIONAL position at our St. Cloud branch location in Minnesota.

Come see how we’re doing business unusual and charting our own path to reimagine a more inclusive financial services and banking ecosystem for all.

Benefits

Stearns Bank understands and respects that everyone is managing unique career, family, and wellness needs. That’s why we offer industry-leading benefits to employees to help them live healthy lives and bring their full selves to work every day. Benefits may vary for part-time positions. Some of those benefits include :

Employee Stock Ownership Plan & 401k Plan with Employer Match
Healthcare (Medical, Dental, Vision, Telehealth, Life insurance)
12-week Paid Medical Leave
Paid Parental Leave : 21-weeks Primary Care Parent, 14-weeks Secondary Care Parent
5,000 Family Care Reimbursement

Childcare, Elder Care, Student Loan Debt, Pet expenses, down payment assistance

1,000 Self Improvement Allowance

PTO from 13 to 23 days depending on tenure. Cashout and Carryover options.

10 Days Sick Time

11 Paid Holidays

4 Days Volunteer Time

2 Days Self Allowance Time

Tuition Assistance

For this position, we anticipate an hourly range between $24.00 – $27.00. Final employment offers will be dependent upon the selected candidate’s relevant qualifications and experience.

JOB SUMMARY : This position is responsible for processing requests comprised of completing CIP, pulling lien searches, OFAC searches, CAIVRS searches, setting up the main frame software, preparing loan documents, setting up ticklers and is responsible to ensure that the bank is compliant with all documentation requirements. This position works closely with the Lenders and Lending Assistant staff.

RESPONSIBILITIES

Determine and accurately prepares all loan documentation required to perfect the Bank’s security interest in accordance with legal, regulatory, SBA requirements and Bank Policy. Work with Bank’s appointed counsel when necessary for more complex loans.

Understand, have knowledge and create the required forms needed to be prepared for new loans through our bank forms and SBA lending software.

Review computer input documents to ensure that the commercial loan system accurately reflects the terms of the promissory note and the Terms and Conditions (if applicable).

Fund loans

Maintain a working knowledge of all legal and regulatory compliance issues as they pertain to this position.

Loss prevention and security as applicable for this position.

Complete required training.

Other duties as assigned.

REQUIREMENTS

Ability to lift 10 pounds on a daily basis.

Ability to understand and follow instructions in English.

Ability to bend, stoop, stand, and move freely in the performance of the job.

Ability to sit for extended periods of time, twist, bend, sit, walk use hands to twist, handle or feel objects, tools or controls, such as computer mouse, computer keyboard, calculator, stapler, telephone, staple puller, etc., reach with hands and arms, balance, stoop, kneel, talk or hear.

Specific vision abilities required by the job include close vision, distance vision, peripheral vision, depth perception and the ability to adjust focus.

QUALIFICATIONS

Associate’s Degree (A.A.) or equivalent from a two-year college or technical program; or 2 years related experience; or equivalent combination of education and experience.

Excellent communication skills, both oral and written.

Strong organizational and time management skills.

Detail orientated.

Flexible.

THE COMPANY

Founded in 1912, Stearns Financial Services Inc. (SFSI) is a $3.2 billion, independently owned financial institution with locations in Minnesota, Florida and Arizona, and over 35,000 small business customers nationwide. Specializing in affordable housing financing, USDA and SBA lending, and small business and equipment financing, Stearns Bank is regularly recognized as one of the country’s top-performing banks and “Best Banks to Work For” by American Banker .

As a Star Tribune Top Workplaces award recipient and an award recipient of the Minnesota Business Magazine 100 Best Places to Work in Minnesota, Stearns takes pride in their team and holds their employees in extremely high regard. We offer a competitive salary and benefit package including our Employee Stock Ownership Program-one of the best long-term incentive programs in the nation. To learn more about Stearns Bank, visit www. StearnsBank.com

EQUAL OPPORTUNITY EMPLOYER / AFFIRMATIVE ACTION PLAN

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, or creed, religion, sex, marital status, familial status, sexual orientation, national origin, age, disability, veteran’s status, status with regard to public assistance, or any other class protected by Federal, State, local laws governing nondiscrimination in employment.

Salary : $24 - $27

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