What are the responsibilities and job description for the Loan Funding Specialist position at Univest?
Overview
Univest Financial Corporation (UVSP), has approximately $8.1 billion in assets and $5.2 billion in assets under management and supervision (as of December 31, 2024). Headquartered in Souderton, Pa. and founded in 1876, the Corporation and its subsidiaries provide a full-range of financial solutions for individuals, businesses, municipalities and nonprofit organizations in the Mid-Atlantic Region. For nearly 150 years, Univest has stayed true to our philanthropic spirit and the strength of our Committed to Local giving program is one of the things that differentiates us. In 2024, Univest donated $2.1 million to our local nonprofits and our employees volunteered more than 16,000 hours.
At Univest we invest in the success of our employees and customers. We offer our employees the ability to be their authentic selves, while fostering a culture and an environment that inspires change and inclusivity. We seek career-focused individuals, looking to bring passion and creativity to drive change. Our employees are encouraged to work collaboratively and embrace innovation to deploy needs-based financial solutions in the communities we serve.
We're hiring a Loan Operations Funding Specialist to join our Loan Operations Team in Souderton, PA.
Responsibilities
Assist with the following core loan operations: verification of loan documents for booking, process funding requests for loan advances, process general ledger entries for fees, complete wire transfers, daily loan settlements and balance accounts as needed.
Perform all funding processes for Capital Investments group
As needed transaction processing of commercial participation loans, SWAP loans, warehouse lines, unused & evergreen letters of credit fees. This includes monitoring spreadsheets, creating invoices, fee transactions, and corresponding with lenders and customers as needed.
Process requests to fund loans in a timely fashion while ensuring that all policy and regulatory requirements are met.
Accountable for tracking, scanning, and verification of documents to the Synergy Imaging System
Act as a backup to the loan boarding/booking team during peak times.
Accountable for compliance with laws and regulations that apply to this position including the Univest Code of Conduct.
Perform other duties as assigned.
Qualifications
High School Diploma or GED equivalent with minimum of 3 years bank loan operations experience
Excellent customer service, written/verbal communication, and telephone skills
Advanced comprehension of mortgage, commercial, consumer loans
Ability to read and comprehend complex loan contracts
Ability to perform loan accounting computations, including interest accruals, payment amortizations, billing calculations
Ability to work independently, organize, prioritize and enter data quickly and accurately to meet deadlines, including end of month activity
Excellent problem solving and organizational skills
Advanced PC and word processing skills required to utilize varying proprietary Windows based software applications
Familiarity with ComplianceOne, Jack Henry, Synapsis, Laser Pro, Synergy, LQAS, and Salesforce/nCino preferred
Wage Range
The salary for this position ranges from $15.29 to $26.63/hr
Benefits Overview
Univest offer's a comprehensive benefits package that includes:
#Univest
An Equal Opportunity Employer. Univest does not discriminate against any applicant for employment because of race, color, religion, religious creed, ancestry, national origin, age, sex, disability or protected veteran status.
Univest Financial Corporation (UVSP), has approximately $8.1 billion in assets and $5.2 billion in assets under management and supervision (as of December 31, 2024). Headquartered in Souderton, Pa. and founded in 1876, the Corporation and its subsidiaries provide a full-range of financial solutions for individuals, businesses, municipalities and nonprofit organizations in the Mid-Atlantic Region. For nearly 150 years, Univest has stayed true to our philanthropic spirit and the strength of our Committed to Local giving program is one of the things that differentiates us. In 2024, Univest donated $2.1 million to our local nonprofits and our employees volunteered more than 16,000 hours.
At Univest we invest in the success of our employees and customers. We offer our employees the ability to be their authentic selves, while fostering a culture and an environment that inspires change and inclusivity. We seek career-focused individuals, looking to bring passion and creativity to drive change. Our employees are encouraged to work collaboratively and embrace innovation to deploy needs-based financial solutions in the communities we serve.
We're hiring a Loan Operations Funding Specialist to join our Loan Operations Team in Souderton, PA.
Responsibilities
Assist with the following core loan operations: verification of loan documents for booking, process funding requests for loan advances, process general ledger entries for fees, complete wire transfers, daily loan settlements and balance accounts as needed.
Perform all funding processes for Capital Investments group
As needed transaction processing of commercial participation loans, SWAP loans, warehouse lines, unused & evergreen letters of credit fees. This includes monitoring spreadsheets, creating invoices, fee transactions, and corresponding with lenders and customers as needed.
Process requests to fund loans in a timely fashion while ensuring that all policy and regulatory requirements are met.
Accountable for tracking, scanning, and verification of documents to the Synergy Imaging System
Act as a backup to the loan boarding/booking team during peak times.
Accountable for compliance with laws and regulations that apply to this position including the Univest Code of Conduct.
Perform other duties as assigned.
Qualifications
High School Diploma or GED equivalent with minimum of 3 years bank loan operations experience
Excellent customer service, written/verbal communication, and telephone skills
Advanced comprehension of mortgage, commercial, consumer loans
Ability to read and comprehend complex loan contracts
Ability to perform loan accounting computations, including interest accruals, payment amortizations, billing calculations
Ability to work independently, organize, prioritize and enter data quickly and accurately to meet deadlines, including end of month activity
Excellent problem solving and organizational skills
Advanced PC and word processing skills required to utilize varying proprietary Windows based software applications
Familiarity with ComplianceOne, Jack Henry, Synapsis, Laser Pro, Synergy, LQAS, and Salesforce/nCino preferred
Wage Range
The salary for this position ranges from $15.29 to $26.63/hr
Benefits Overview
Univest offer's a comprehensive benefits package that includes:
- Health Insurance: Medical, dental and vision coverage (single or family; begins the first of the month following start date)
- Retirement Plan: Participation in 401(k) plan with up to a 3% employer match after 6 months of employment
- Paid Time Off (PTO): 15 days annually (prorated your first year)
- Short Term Disability: 10 days annually of sick time with a doctors note (prorated your first year)
- Holiday Time Off: 11 paid holidays
- We offer company paid life insurance: as well as other supplemental insurances
- Tuition reimbursement
- Employee Wellness programs: including fitness club discounts and fitness tracker discounts/ annual reimbursement
- Discounts: on loan products
- Professional development trainings
#Univest
An Equal Opportunity Employer. Univest does not discriminate against any applicant for employment because of race, color, religion, religious creed, ancestry, national origin, age, sex, disability or protected veteran status.
Salary : $15 - $27