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