Loan Operations Specialist I

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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

Read the full job description and apply online on the recuiter's web-site

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