Loan Servicer
Location:
South Eastern, Illinois
Compensation:
$47K – $53K plus bonus
Company Description
Founded over 100 years ago, my client is a leader as a Community Bank in Illinois and Arizona. Current Bank asset size exceeds $280mm and GROWING!
· Seven branches/LPO’s in AZ and IL and growing
· Sub Chapter S with 75 family groups who own the Bank and are committed to truly serve their communities
· Well-capitalized Bank with no Regulatory issues
· Strong financial numbers year after year and very low non-performing loans
· One of the fastest growing Trust/Wealth Management departments in AZ
Position Summary
SUMMARY:
This role requires the necessary skills and knowledge to manage all assigned duties of loan accounting and related customer and internal loan servicing. This position performs a variety of operational and administrative functions supporting the Loan Accounting Department. The job functions require strong customer service skills, analytical skills, problem solving, and attention to detail to navigate loan transaction detail and grasp the related accounting logic. The individual must maintain and reconcile records associated with customer loan transactions and follow internal directives on loan accounting matters in a timely and accurate manner and comply with established bank policies, procedures, and banking regulations.
RESPONSIBILITIES:
1. Treat all customers in a professional and courteous manner as described in the TrustBank Superior Service Commitment and execute the duties of the job within the TrustBank Values framework.
2. Assist customers and employees with any loan related questions or issues.
3. Upload and service all loans on the core banking system. Including making appropriate general ledger entries and requesting payment of invoices.
4. Maintain escrow accounts, make disbursements, conduct annual escrow analysis reviews.
5. Manage Uniform Commercial Code (UCC) Portfolio & File UCC’s (new and continuations etc. with the appropriate county or state).
6. Oversight of loan Participation relationships with other banks.
7. Review daily reports and make any necessary corrections.
8. Process miscellaneous loan payments, ACH payment requests, loan advances, and Payoff requests.
9. Monthly reporting to 3rd party vendors including but not limited to: Freddie Mac, Proctor, IAC, ARCH, SBA, etc.
10. Lease accounting and servicing.
11. Prepare reports for lenders and board of directors on a scheduled basis and ad-hoc reports as needed.
12. Monitoring of Floor plan loans ensuring collateral inventory and related values are tracked.
13. Process billings, past due and rate change notices.
14. Monitor insurance requirements for loans. Update notifications on system. Force place insurance when required.
15. Order loan coupon books.
16. Review and assign CECIL/Risk ratings to new loans.
17. Provide back-up to miscellaneous Accounting Department functions
Education & Experience
EDUCATION / EXPERIENCE:
Minimum of Associates Degree in Business Administration. Prefer Bachelor’s Degree in Accounting, Business, or Finance. Prior experience in loan accounting, servicing, or prior banking experience is ideal, but not necessary. Formal bank related training or certifications are helpful.