What are the responsibilities and job description for the Loan Specialist position at Midstates Executive Solutions?
About the role
Our community bank client is in search of their next Commercial Loan Administrator to provide support to loan officers due to an up coming retirement. This role is responsible for performing general record keeping and clerical functions. This position is primarily responsible for handling loan documentation related to commercial, agricultural, and consumer loans.
What you will do
- Review and process loan applications, ensuring completeness and accuracy of all required documentation.
- Prepare and maintain loan documentation, including promissory notes, security agreements, and collateral documents.
- Verify insurance requirements are correct and up-to-date.
- Ensure that all documents are properly executed and compliant with regulatory requirements.
- Monitor and track loan files to ensure they are up to date with relevant information, commercial loan covenants, and compliance requirements.
- Maintain the file monitoring system (Tickler Reports).
- Assist in the preparation of loan disbursements and payments, maintaining accurate records throughout the loan cycle.
- Maintain open and clear communication with customers, providing assistance and responding to inquiries.
- Collaborate with lending officers, credit analysts, and other departments to facilitate the loan origination and servicing processes.
- Other duties as assigned.
What you will need
- Associates degree or greater in related field preferred
- 2 years related experience Required.
- Familiarity with Fiserv Premier Banking System, or other banking systems a plus.
- Attention to detail necessary in role.
Job Type: Full-time
Pay: $50,000.00 - $67,500.00 per year
Benefits:
- 401(k) matching
- Dental insurance
- Health insurance
- Paid time off
Work Location: In person
Salary : $50,000 - $67,500