Loan Operations Representative

Job DetailsJob Location: Northbrook - NORTHBROOK, IL 60062Position Type: Regular Full-TimeSalary Range: $45,000.00 - $53,000.00 Salary/yearJob Category: StaffThis position reports to VP/Loan Servicing Basic Functions Provide support to the Bank’s loan function by reviewing new/renewed loans; reviewing loan advances, payments and rate changes; and processing paid loans. Essential Duties  1. Perform basic loan servicing functions for a variety of loan types (Commercial Real Estate; Commercial and Industrial; Consumer)  Apply payments and advances to loans  Act as servicing agent for participated/syndicated loan transactions  Perform servicing for troubled loans, i.e., non-accruals, OREO, and charge-offs  Pay invoices  Pay assessment fees for Residential Condominium Loans  Pay real estate taxes  Process paid loans  Prepare payoff letters  Prepare release deed if necessary and send for recording  2. Review new and renewed loans  Review new and/or renewed loans on the Fiserv system against boarding data  Responsible for maintaining original loan documents and files in the collateral vault  3. Answer client inquiries regarding loan balance, transactions & payoffs  Transfer money between accounts  Prepare wire transfer requests  Research and correct errors  4. Audit data entry of new and renewed loans  Perform maintenance as needed  Scan key loan documents  5. Audit all previous day’s servicing activity  Correct errors as found  Perform reconciliation process for GL accounts  6. Monitor hazard and flood insurance   Contact agents/borrowers to obtain current certificate of insurance  Update weekly insurance tickler report  Add lapsed insurance coverage to force placed insurance program   7. Perform additional departmental duties such as:  Order credit reports, title work and/or flood searches  Assist with Board reports  Update Procedures  Input CRA/HMDA information into the FFIEC CRA/HMDA data entry software  Assist in the processing of construction draws  Update collateral & insurance report  Prepare Subordinations of lien   Provide notary services  Monthly insurance monitoring  Monthly available commitment report monitoring  Collateral maintenance for tax certificates secured loans  Review daily reports  Update loans secured by stock/bonds/investment accounts report  Input Customer Due Diligence and Beneficial Ownership information into BAM+  Nonessential Duties  Other duties as assigned QualificationsKnowledge, Skills and Abilities Detail oriented  Basic accounting knowledge  Working knowledge of Bank regulations preferred  Training & Experience  High School diploma or GED  College degree preferred  0 - 2 years banking experience  Microsoft proficiency  Fiserv application experience preferred Compensation Expected Salary Range: $45,000 - $53,000 Salary will be negotiated based on relevant skills and experience as well as internal equity and alignment with market data. Benefits First Bank Chicago offers a comprehensive benefits package including medical/dental/vision/life insurance; 401(k); paid time off (PTO); and eligibility for an annual bonus.  For a complete listing of benefits, please visit our website:  https://firstbankchicago.com/Employee-Benefits.  First Bank Chicago is an Equal Opportunity Employer: disability/veteran Crain’s Chicago Best Places to Work 2018 I 2019 I 2020 I 2021 I 2022 I 2023 I 2024 I 2025

Salary : $45,000 - $53,000