What are the responsibilities and job description for the Loan Operations Specialist position at firstutahbank?
Job Description:
The Loan Operations Specialist at First Utah Bank plays a key role in supporting the daily loan operational functions of the Bank. This individual ensures that back-office processes run smoothly, accurately, and in compliance with applicable banking regulations, internal policies, and established procedures. The Loan Operations Specialist serves as a resource for both staff and customers, with a commitment to excellence in service and operational integrity. This position is primarily performed in a standard office environment. The role may require extended hours during peak periods such as quarter or year ends.
Job Responsibilities
Operations
- Handle loan accounting and operations functions including booking loans received from various closing departments, handling accounting of fees and expenses.
- Process loan related invoices.
- Handle all loan maintenance requests received from branches/loan departments.
- Review and prepare participation correspondence and accounting.
- Review suspense reconciliations for policy exceptions and accounting errors. Correspond with branches/departments for clearing and with Internal Audit department for status updates.
- Assist Construction Loan Department with related loan entries disbursed to subcontractors
- Assist branches with loan payments.
- Print and prepare daily accounts payable checks
- Complete customer research as requested by branches/departments.
- Serve as a back-up to other Accounting and Operational functions.
- Other duties, as assigned
Team Management and Development
- Be an active participant of a collaborative, high-performance culture that prioritizes customer service, accuracy and accountability.
- Provide cross-functional support to other departments.
Compliance and Risk Management
- Ensure all loan operations comply with applicable regulations.
- Complete SARs as required.
- Follow established dual-control procedures and internal controls for all sensitive operations.
- Assist in gathering information for internal reviews and audits.
- Monitor exception reports and take corrective action to resolve items in a timely manner.