What are the responsibilities and job description for the Loan Operations Specialist position at Banesco USA?
Job Title: Loan Operations Specialist
Banesco USA is seeking a Loan Operations Specialist for our Loan Operations business unit.
Primary Job Duties
Banesco USA is part of Banesco International, a worldwide group of financial institutions with presence in 14 countries. As a corporation in continuous evolution, we promote the ongoing professional and personal development of our employees, by embracing challenges and adapting to the changing environment of today’s world. We aim to develop integral human beings, committed to making a difference at the workplace and out in the world. Our actions are rooted in our Values: Reliability, Responsibility, Quality and Innovation. We believe that we all have the same ability to transform our daily tasks into significant contributions, and therefore, Leave Our Mark. At Banesco USA, one of our most valued assets is our enthusiastic team, which strives every day to create a world-class organization in an ever-changing world. Together, our team has made us a market leader and we invite you to join us.
Banesco USA is seeking a Loan Operations Specialist for our Loan Operations business unit.
Primary Job Duties
- Responsible for assisting customers and bank staff with loan operations matters.
- Assist in the G/L reconciliation for example, loan settlement, prepaid G/L, unposted G/L, loan suspense G/L and other demand G/L.
- Responsible for booking commercial, commercial real estate, residential, consumer and unit price loan in the Jack Henry system.
- Responsible for processing the loan modifications, renewals and extensions in accordance with the loan approval.
- Responsible for reviewing late fee reimbursements for approval.
- Process the loan disbursements advances, wire transfer, payment including unit price, and payoffs.
- Process loan maintenance, loan payment reversals and repost payments in the Jack Henry system.
- Responsible for issuing letters and memorandums in relation to loan operations matters.
- Responsible for processing payments and correspondence on third party service loan portfolio.
- Process Non-Accrual, Charge-Off and Recovery transactions in Jack Henry.
- Prepare interest calculations and post interest and payment adjustments as required on Loans and Loans Participated.
- Prepare Participation Certificate and send correspondence to participants.
- Responsible for preparing participation certificate and notifying participants.
- Responsible for completing annual training program assigned.
- Performs other functions and/or duties as assigned.
- Education: High School Diploma. Associate’s degree in Business Administration preferred.
- Experience: Three (3) years of experience in the Banking industry in the Loan Operations area.
- Advance computer skills including but not limited to proficiency in Microsoft Office (Word, Excel, Power Point, etc.)
- Knowledge in banking systems including but not limited to Jack Henry.
- Must be bilingual in both English and Spanish. Ability to fluently speak, understand, read and write both languages.
- Strong verbal and written communication skills, ability to communicate at all levels of the organization.
- Strong attention to detail and accuracy.
- Ability to multi-task, with strong organization, time-management and prioritizing skills.
- Customer service skills, ensuring satisfaction of both internal and external customers.
- Ability to work in a team environment, in order to ensuring compliance with department procedures.
- Knowledge of related State and Federal banking compliance regulations and operational policies.
- Ability to understand and comprehend instructions, procedures and policies ensuring compliance with the Bank’s policies and procedures.
- Problem solving and analytical skills in order to identify problems.
- Competitive base salary.
- Paid time off.
- Hybrid schedule.
- 401k with employer match.
- Tuition reimbursement.
- Paid parental leave.
- Free parking.
- Medical, Dental, Vision.
- Life Insurance.
- Supplemental Insurances.
- Short-Term & Long-Term Disability Benefits.
Banesco USA is part of Banesco International, a worldwide group of financial institutions with presence in 14 countries. As a corporation in continuous evolution, we promote the ongoing professional and personal development of our employees, by embracing challenges and adapting to the changing environment of today’s world. We aim to develop integral human beings, committed to making a difference at the workplace and out in the world. Our actions are rooted in our Values: Reliability, Responsibility, Quality and Innovation. We believe that we all have the same ability to transform our daily tasks into significant contributions, and therefore, Leave Our Mark. At Banesco USA, one of our most valued assets is our enthusiastic team, which strives every day to create a world-class organization in an ever-changing world. Together, our team has made us a market leader and we invite you to join us.