What are the responsibilities and job description for the Loan Processor position at The Peoples State Bank of Newton?
Peoples State Bank has been proudly serving Illinois communities since 1875. With eight locations across the state, we remain committed to our mission of being a community-focused and customer-oriented institution. Our employees are at the heart of what we do, prioritizing exceptional customer service. We are looking for a dedicated and detail-oriented individual to join our team.
Job Title: Loan Processor
Hourly Range: $20.00-$24.00
FLSA Classification: Hourly
Location: Newton, IL
Join Our Team at The Peoples State Bank!
The Loan Processor provides administrative and operational support to the lending team by processing loan documentation, preparing loan files, assisting with loan servicing functions, and ensuring accurate and timely loan processing. This position works closely with lenders to support efficient workflow, provide exceptional customer service, and facilitate loan production.
Essential Duties and Responsibilities
- Timely preparation of commercial and agricultural loan documentation, including initial file review and closing.
- Review loan files for completeness and ensure required documentation complies with bank policies and regulatory requirements.
- Collaborate with loan officers to facilitate loan origination, closing, and servicing activities.
- Gather and organize financial information and supporting documentation for new and existing loan relationships.
- Assist with loan servicing functions, including monitoring exceptions, and resolving documentation deficiencies.
- Respond to customer loan inquiries by phone, email, and in person while maintaining strict confidentiality.
- Provide administrative support to lenders, including preparing reports, correspondence, and other loan-related documentation.
- Maintain accurate loan records and assist with credit administration activities.
- Troubleshoot and resolve customer concerns and direct complex issues to the appropriate lender or department.
- Perform other duties as assigned.
Required Competencies
- Strong attention to detail and organizational skills.
- Excellent customer service and communication abilities.
- Ability to manage multiple tasks and meet deadlines in a fast-paced environment.
- Strong problem-solving and critical-thinking skills.
- Proficiency in Microsoft Office Suite and other banking software applications.
- Ability to maintain confidentiality and exercise discretion when handling sensitive information.
Education and Experience
- High school diploma or equivalent required.
- Previous banking, loan processing, administrative, or customer service experience preferred.
- Knowledge of commercial and agricultural lending practices is a plus.
Benefits
- Free Medical and Dental Insurance for Employees
- Vision Insurance
- Paid Time Off
- Profit Sharing Plan
- 11 Paid Holidays
- Free Life Insurance & AD&D
- Free Long-Term Disability Insurance
Schedule
- Monday to Friday
- Occasional Saturdays
Additional Information
- Employment is contingent on the successful completion of a criminal background check and credit review
Why Peoples State Bank?
We are proud to be an Equal Opportunity Employer committed to building a diverse and inclusive workforce. We value our employees and the communities we serve, and we welcome all qualified applicants regardless of race, religion, gender, age, disability, veteran status, or any other protected characteristic.
This job description is intended to describe the general nature of the position and does not constitute an employment contract.
Pay: $20.00 - $24.00 per hour
Benefits:
- Dental insurance
- Flexible spending account
- Health insurance
- Health savings account
- Life insurance
- Retirement plan
- Vision insurance
Work Location: In person
Salary : $20 - $24