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2 Loan Boarding Specialist Jobs in Horsham, PA

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Firstrust Bank
Horsham, PA | Other
$44k-55k (estimate)
1 Month Ago
Firstrust Bank
Horsham, PA | Other
$38k-49k (estimate)
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Loan Boarding Specialist
Firstrust Bank Horsham, PA
$44k-55k (estimate)
Other 1 Month Ago
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Firstrust Bank is Hiring a Loan Boarding Specialist Near Horsham, PA

Objective

Timely and accurately complete the daily functions associated with booking new, renewed, and modified loans to the appropriate loan accounting system.

Firstrust Bank is an Affirmative Action Contractor and is an Equal Opportunity Employer.

Minority/Female/Disabled/Veteran

Responsibilities/Duties

  • Assist in the development of new business for Firstrust. Is alert to expressed customer/prospect needs to suggest appropriate services. Directs customers to the appropriate person to open account. Actively sells and promotes corporate products to potential and existing customers. Possesses knowledge of corporate products and services to suggest products.
  • Accurately and efficiently, board Commercial Loans, Business Banking Loans, Corporate Syndicated Loans, Real Estate Loans, Construction Loans, Small Business Administration Loans, Letters of Credit, and Consumer Loans to the appropriate core loan accounting system.
  • Interpret complex commercial loan documentation which can include, Commercial Mortgage Notes, Loan Agreements, and Participation agreements, to ensure accurate onboarding to the core loan accounting system.
  • Onboard & Fund new loans, renewed loans, and modified loans upon proper approval.
  • For SBA Loans, accurately boards new loan and renewal information into SBA loan accounting system including collateral and insurance records.
  • Responsible accurate posting of all loan fees to loan accounting system.
  • Responsible for setting up all collateral and insurance records in the proper loan accounting system.
  • Adhere to the agreed upon SLA’s from Quality Control team for loan boarding questions and errors.
  • Participate in testing of boarding processes in loan accounting systems during annual releases and system upgrades.
  • Maintain a basic knowledge of the various core systems to understand the impact various field values.
  • Perform various departmental administrative tasks, such as filing and maintaining storage records.
  • Assist with other tasks as assigned by departmental manager.
  • Essential Functions

    While performing the essential functions of this position, the employee may be required to ascend/descend stairs and work atop a small ladder to store and retrieve files. The employee will need to position self to lift up to 20 pounds of materials for file maintenance. The worker sits most of the time; however, some amount of mobility is necessary to accomplish tasks. The ability to communicate and exchange information verbally and written is required. The incumbent will operate a computer terminal and phone with repetitive motion, while analyzing or preparing data. Temperature changes may occur during the workday in the office setting. 

    Knowledge - Skills & Abilities

    • College degree in a business or accounting degree preferred
    • 1-3 year experience in a business loan operations environment
    • SBA, ABL or Commercial loan operations experience a plus
    • Possess strong work habits, attention to detail and ability to work on a team
    • Possess a demonstrated commitment to quality service
    • Knowledgeable with MS Word and MS Excel. Experience with entire MS Office Suite helpful.
    • Detail oriented
    • Strong organizational and accounting skills
    • Ability to multi-task with an excellent degree of versatility and flexibility

    Job Summary

    JOB TYPE

    Other

    SALARY

    $44k-55k (estimate)

    POST DATE

    03/24/2024

    EXPIRATION DATE

    04/20/2024

    WEBSITE

    firstrust.com

    HEADQUARTERS

    SOUTHAMPTON, PA

    SIZE

    200 - 500

    FOUNDED

    1934

    CEO

    KAREN GRUBER

    REVENUE

    $200M - $500M

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    About Firstrust Bank

    Founded 85 years ago, Firstrusts business is serving the banking needs of our business and retail customers in the Philadelphia region. From large operating companies, real estate developers, manufacturers, and doctors to young families and grandparents were here for them all. Our promise is to empower their success by offering them the most tailored, state-of-the-art banking solutions they can get, along with advice on how to best manage their finances, build their businesses, and overcome financial challenges. The core value of always being there for our customers - especially when they nee...d us most - has made us the largest family-owned commercial bank in our region. And its also why thousands of the most successful entrepreneurs, innovators, and leaders come to us FIRST when they need help making their biggest dreams a reality. More
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    The following is the career advancement route for Loan Boarding Specialist positions, which can be used as a reference in future career path planning. As a Loan Boarding Specialist, it can be promoted into senior positions as a Loan Processor III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Loan Boarding Specialist. You can explore the career advancement for a Loan Boarding Specialist below and select your interested title to get hiring information.