What are the responsibilities and job description for the Special Assets Specialist position at First Bank & Trust?
Job Description
This person is responsible for providing administrative support to the Special Assets and Loss Mitigation Department throughout the loan workout process.
Qualifications: This person should have an associate degree and 2 years of relevant experience, or the equivalent. Experience with lending administration and documentation is preferred. This person should exhibit knowledge of banking concepts, practices, and procedures, including an understanding of loan policy and guidelines. The ability to interact with customers, bankers, and other professionals is required. Exceptional customer service, communication, attention to detail, and collaboration skills are necessary.
Principal Responsibilities
Hourly Grade 4
First Bank & Trust is an Equal Opportunity, Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression, national origin, disability, or status as a protected veteran. Read our complete Equal Employment Opportunity Policy Statement. Applicants who would like to request reasonable accommodation to the application or interview process should call Human Resources at 800.843.1552 or email hr@bankeasy.com.
This person is responsible for providing administrative support to the Special Assets and Loss Mitigation Department throughout the loan workout process.
Qualifications: This person should have an associate degree and 2 years of relevant experience, or the equivalent. Experience with lending administration and documentation is preferred. This person should exhibit knowledge of banking concepts, practices, and procedures, including an understanding of loan policy and guidelines. The ability to interact with customers, bankers, and other professionals is required. Exceptional customer service, communication, attention to detail, and collaboration skills are necessary.
Principal Responsibilities
- Assist Special Assets and Loss Mitigation department with loan and credit underwriting documentation including, but not limited to title work, appraisals, etc.
- Initiate and build loan documentation utilizing loan operating software and verify all details (orders, collateral, disclosures, etc.) of initial loan files are complete and accurate according to policies and procedures. Work closely with title company and insurance companies as needed.
- Act as a liaison between bankers and internal departments to coordinate client requests and resolve inquiries. Collaborate closely with internal related departments as loan progresses. Serve as a resource for any funding/post funding questions.
- Follow established procedures and practices for processing business banking products from application to origination.
- Perform additional banking services, including completing advances, initiating wire requests, lien releases, making advances/payments, and transfers as needed.
- Monitor in-process loan files for receipt of complete and accurate documentation for underwriting. Assist in preparing credit packages for submission to underwriting.
- Monitor all current business loan files and paid loan files to ensure proper maintenance according to established procedures. Monitor reports, provide loan payoffs, and release collateral.
- Assist with Problem Loan Report monitoring processes
- Collect and assist department with filing judgements on charged of demand accounts.
- Assist with bankruptcy records for the organization by completing the system maintenance, credit bureau adjustments, and communication with necessary staff members.
- Assist in preparing annual reviews and work multiple discrepancy lists.
- Remain up to date on system, process, product, and regulatory changes.
- Attend all team meetings and training opportunities as deemed appropriate by the supervisor.
- Act in accordance with FBT policies and procedures as set forth in the employee handbook.
- Adhere to compliance procedures and participate in required compliance training.
Hourly Grade 4
First Bank & Trust is an Equal Opportunity, Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression, national origin, disability, or status as a protected veteran. Read our complete Equal Employment Opportunity Policy Statement. Applicants who would like to request reasonable accommodation to the application or interview process should call Human Resources at 800.843.1552 or email hr@bankeasy.com.