What are the responsibilities and job description for the Loan Administrator position at First National Bank?
Who We Are
We are a family-owned bank committed to providing exceptional service and innovative banking solutions while making a difference in the communities we serve. We take great pride in the relationships we build and the lives we impact. We offer the strength of a big bank combined with local decision-making and hometown involvement, setting our community bank apart from the rest.
Our mission
Our mission is to support the financial goals of individuals and businesses in the communities we call home by offering every person a better banking experience.
Our values
About The Role
The Loan Administrator provides administrative support to loan officers. This role is responsible for performing general record keeping and clerical functions. This position is responsible for handling loan documentation related to Commercial, Agricultural, and Consumer loans.
This position is located in Rapid City, SD. This position is performed in the branch.
What You Will Do
Our company provides equal employment opportunities (EEO) to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.
We are a family-owned bank committed to providing exceptional service and innovative banking solutions while making a difference in the communities we serve. We take great pride in the relationships we build and the lives we impact. We offer the strength of a big bank combined with local decision-making and hometown involvement, setting our community bank apart from the rest.
Our mission
Our mission is to support the financial goals of individuals and businesses in the communities we call home by offering every person a better banking experience.
Our values
- Passion: We have an unrelenting drive to be great. Quality service is our #1 priority.
- Commitment: We do not shy away from accountability. We together as a team and embrace the spirit of service.
- Leadership: We are competitive leaders in our markets and a go-to source for finance and lending.
- Community: We’re proud to support each other and our local communities. We win when our customers win.
About The Role
The Loan Administrator provides administrative support to loan officers. This role is responsible for performing general record keeping and clerical functions. This position is responsible for handling loan documentation related to Commercial, Agricultural, and Consumer loans.
This position is located in Rapid City, SD. This position is performed in the branch.
What You Will Do
- Reviews and processes loan applications, ensuring completeness and accuracy of all required documentation.
- Prepares and maintains loan documentation, including promissory notes, security agreements, and collateral documents.
- Verifies insurance requirements are correct and up-to-date.
- Ensures that all documents are properly executed and compliant with regulatory requirements.
- Monitors and tracks loan files to ensure they are up to date with relevant information, commercial loan covenants, and compliance requirements.
- Maintains the file monitoring system (Tickler Reports).
- Assists in the preparation of loan disbursements and payments, maintaining accurate records throughout the loan cycle.
- Maintains open and clear communication with customers, providing assistance and responding to inquiries.
- Collaborates with lending officers, credit analysts, and other departments to facilitate the loan origination and servicing processes.
- Other duties as assigned.
- Associate’s degree or greater in related field preferred.
- 2 years banking or related experience preferred.
- Familiarity with Fiserv Premier Banking System, or other banking systems a plus.
- Strong attention to detail required.
- Health Insurance
- Dental Insurance
- Vision Insurance
- Paid Vacation, Sick, and Holiday time
- A competitive 6% 401k match
- And more!
Our company provides equal employment opportunities (EEO) to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.