Loan Operations Specialist III

1 week ago


Cushing, Oklahoma, United States Blue Sky Bank Full time
About Blue Sky Bank

Blue Sky Bank is a leading financial institution with a rich history of excellence in the banking industry. Our commitment to fostering a culture where employees thrive has been instrumental in our continuous growth and success.

Why Choose Blue Sky Bank
  • Empowerment and Growth: Join a team that values your skills and offers opportunities for professional advancement within a supportive and collaborative work culture.
  • Community Engagement: Contribute to a bank that actively participates in community initiatives, making a meaningful impact beyond banking.
  • Innovation and Excellence: Be part of a forward-thinking organization that encourages new ideas and champions innovation in the banking sector.
Role Overview

A Loan Operations Specialist III assists the Managing Director of Loan Operations, Loan Operations Lead, and Loan Processing Team ensuring compliance with the Bank's loan policy and all regulatory requirements.

Primary Responsibilities
  • Perform daily post-closing review of new and renewed loans and complete required checklist to document review.
  • Review reports for misapplied or unposted transactions and monitor internal accounts for incoming fees.
  • Perform pre-closing reviews to ensure all conditions and prerequisites to close per loan approval have been met as well as documentation in line for collateral perfection.
  • Secondary for monthly reporting for FHLB, SBA, and PCBB. Build internal reports to identify potential missing/incorrect data pertaining to loan accounts.
  • Review loan agreements and add covenants to tickler system. Satisfy ticklers as financial and collateral documentation is received.
  • Review daily maintenance reports to perform checks maintenance was completed correctly and documents review and comments on report.
  • Periodically verify documents are being uploaded properly, accounts are being routinely balanced, and all ticklers are being added/satisfied.
  • Perform the responsibilities of a Loan Operations Specialist II and I as required and necessary.
  • Perform clerical duties including answering phones, assisting customers with questions and balance inquiries, or transferring to appropriate department/employee.
  • File both physical and electronic loan documents as well as verifying that they have been filed correctly and clearly within the e-filing system.
  • Assist operations staff with daily responsibilities involving mailing notices, posting transactions, and facilitating officer or processor requests.
  • Monitor and reconcile general ledger accounts, internal loan accounts, floor plans, and holding accounts. Resolve discrepancies as necessary and track reconciliation reports.
  • Review daily reports for transactional or system errors and provide management with reports necessary for compliance.
  • Perform operational duties including mailing paid outs, filing mortgages and UCCs, tracking property and flood insurance, processing participation payments, and facilitating officer or processor requests.
  • Process mortgage escrow transactions and servicing of loan escrow accounts. Issue payments for insurance and taxes. Perform annual reviews.
  • Perform all job duties and responsibilities by being physically present at the Bank an average of 40 hours each week based on business needs.
  • Other responsibilities as requested and assigned by management including special projects that require short notice that need immediate attention.
Requirements
  • Education: Bachelor's degree or equivalent experience (in finance, accounting, or other business-related fields preferred).
  • Experience: 3 - 4 years of loan servicing and loan data entry experience, required; 2+ years of commercial and/or commercial real estate loan servicing and loan data entry experience, required.
  • Accuracy and Attention to Detail.
  • Strong time management skills to meet all deadlines.
  • Communication Proficiency.
  • Problem Solving/Analysis.
  • Adaptability.
  • Excellent customer service skills.


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