Loan Operations Specialist I

SUMMARY

Responsible for timely and accurate boarding of loans to the bank's core system, processing of loan account maintenance, processing of loan advances & loan payments on the bank's core system, remittance of participation transactions and settlement, processing of non-accrual & charge off loan transactions, daily account reconciliation, and processing of un-posted loan transactions.

SPECIFIC JOB DUTIES

• Boards all loan types to the bank's core system, as well as processes modifications and renewals to existing loans

• Review loan documentation post-closing to verify all required documents have been received and signed

• Processes advances, loan payments, and loan maintenance by either preparing necessary paper transactions, or direct input to the bank's core system

• Handles all rate swap correspondence with customers and originator, as well as wires for rate swap payments

• Process participation transactions, and correspond with participant banks as needed

• Completes credit confirmation inquiries

• Handles recordation of mortgages and UCC filings for new collateral to ensure proper lien perfection of bank's collateral

• Responsible for initial input of loan file ticklers and exceptions

• Balances various general ledger accounts

• Mail daily loan notices and statements to clients

• Responsible for gathering internet payment information from Dimension and Check Free and posting to loans

• Works daily reports produced by the bank's core system

• Handles processing of daily unposted items

• Processing of loan account risk rating changes, accrual changes, and charge off entries

JOB REQUIREMENTS

• Associate's Degree or Bachelor's Degree in a Business or Finance related field

• 1 (one) to 2 (two) years of loan operations experience

• Strong understanding of loan application policies and procedures, as well as documentation required by federal and state regulations

• Strong working knowledge of other departments, as they relate to loan operations

• Strong interpersonal communication

• Strong organizational and time management skills

• Strong computer, keyboard, and software application (Microsoft Word and Excel) skills

Equal Opportunity Employer/Veterans/Disabled