What are the responsibilities and job description for the Loan Administration Associate position at The Bank of Missouri?
Working at The Bank of Missouri
At The Bank of Missouri we know it takes great people to support the communities we serve! We are passionate about caring for people and communities, and know how to recognize and reward our employees for their talent and contributions. When you work at The Bank of Missouri, you not only get to help others, but you also get the resources, opportunities and support to grow your own career.
About our Company:
Staying in business for more than 130 years is hard. Really hard. But, thanks to our great customers in the communities we serve and our entire team, we’ve grown from one bank, once known as The Bank of Perryville, to now 30 locations in 25 communities across Missouri.
If you think about it, since 1891 when the bank was founded, we’ve endured many events: the Great Depression, two World Wars and the Financial Crisis of 2007-2008. We are a growing, $4.2 billion institution with plans to further expand as opportunities present themselves. With our roots firmly planted in Perryville, Missouri, we continue to grow; evolving and expanding with our amazing team, customers and communities.
Those principles are the reason we are still in business today: caring for people and communities is our foundation. With every financial decision we make, we bear those values in mind, every time. We are proud, but above all, very privileged to say, “We’ve been community banking since 1891.” We look forward to the bright future which lies ahead for the shareholders, employees, customers and communities served by The Bank of Missouri.
About this job:
The Loan Administration Associate is responsible for preparing loan files and documentation to execute loan closings, loan transactions, and credit monitoring support. This position is very heavy in document compilation and requires a high attention to detail and the ability to meet deadlines while working in a client centric environment. Experience with loan documentation, loan closing procedures, and loan transactions loan are highly encouraged.
As a Loan Administrative Associate you will:
- Collect and prepare all necessary documentation for a new loan package
- Includes both in house preparation
- Compilation of attorney prepared documentation
- Prepare and maintain all paperwork for existing loans including loan disclosures
- Prepare Change in Terms Loan Documents
- Submit draw requests to the wire department for processing.
- Record loan closings, payments, draws, and payoffs in the bank’s core processing software
- Review and verify loan transactions made by other loan administrative associates
- Load loan documentation into the bank’s recordkeeping software
- Follow up with clients and loan officers to verify information.
- Prepare and file UCC Searches, flood, and credit reports
- Order appraisals and title work
- Process releases of collateral
- Review daily loan reports for accuracy
- Email and mail loan notices to customers
- Obtain insurance certificates from clients via telephone and email requests
- Obtain financial statements and tax returns from clients via telephone and email requests
- Support loan officers and clients in a professional work environment
- Collaborate with management to Identify opportunities for process improvements, system enhancements, and procedural changes
Qualifications for Success
The successful candidate will possess general business, analytical and critical thinking skills and experience. Additionally, the ideal candidate may possess but not required:
- Bachelor's degree is strongly preferred.
- 2 years of relevant work experience such as Loan admin or Paralegal
- Excellent PC skills, strong skills with Adobe, Microsoft Word and Excel
- Demonstrated ability to interact effectively with various levels within the organization
- Ability to demonstrate excellent detail orientation, critical thinking and analytical skills
- Displays excellent time management, organizational and problem-solving skills
- Ability to work well under pressure and meet deadlines
- Must have strong verbal, written and interpersonal communication skills
- Experience in loan documentation, loan closing procedures, loan transactions
The Bank of Missouri is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability. If you have a disability and you believe you need a reasonable accommodation in order to search for a job opening or to submit an online application, please contact us or call toll-free 888-547-6541.