Central Loan Processor III

Central Loan Processor III - Commercial Loans

Start a career with First National Bank Alaska, the *Best Place to Work in Alaska* as recognized 10 years in a row by Alaska Business magazine readers.

We are adding to our Commercial Lending Unit

Loan Processors act as the intermediary between lenders and borrowers with a hand in front- and back-end loan-processing actions. The successful candidate will have some lending experience, analytical and logistical thinking skills, comfort with financial figures and detailed documentation, customer service skills, excellent written and verbal communication, time management and organizational skills.

Salary: $20.50/hour minimum. Job/salary offer would be commensurate with job level and experience.

Schedule: Monday-Friday

GENERAL PURPOSE SUMMARY

Prepares and ensures accurate completion of loan documentation for commercial loans in accordance with all applicable procedures by performing the following essential duties and responsibilities:

ESSENTIAL DUTIES AND RESPONSIBILITIES

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Obtains and reviews commercial loan applications and supporting documentation for information necessary to identify class, purpose, product, collateral, and borrower information including corporations, LLC's, partnerships, and Alaska Native Corporations.

• Confirms identity of persons authorized to act on behalf of borrower, and reviews and collects information about collateral and the condition of title to collateral.

• Assists more advanced loan processors, processing supervisors, and branch lending personnel in documenting encumbrances of title to collateral and satisfying requirements respecting insurance against loss to collateral in accordance with established procedures.

• Prepares and compiles commercial loan documentation using bank loan production software.

• Prepares loan documentation according to various investor guidelines.

• Coordinates loan closing with branch lending personnel and/or performs loan closing with the customer assuring proper regulatory disclosure in accordance with established procedures.

• Ensures correct billing, reporting, and collateral tracking by preparing and entering borrower, guarantor, cosigner, collateral, insurance, and other loan information on mainframe.

• Properly disburses loan funds according to signed disbursement requests by preparing online or paper transactions including cashier's checks; and provides correct transaction entry information to branch personnel in order to correctly post and process loan transactions on the mainframe.

• Collects information and documentation needed to complete the loan file by communicating with customers, insurance and title companies, and bank personnel. Performs other work-related duties as assigned supervisor.

• Researches and responds to customer and branch personnel inquiries regarding loan documents, payment schedules, loan disbursements, payoffs, and other customer inquiries.

• Performs other work-related duties as assigned by supervisor.

COMPLIANCE EXPECTATIONS

• Stay updated on relevant laws and regulations.
• Knowledgeable of and comply with bank policies, procedures, laws and regulations that apply to you and your job.
• Maintain customer confidence and protect the bank's operations by you and your delegates by identifying and protecting confidential information.

QUALIFICATION REQUIREMENTS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

EDUCATION and/or EXPERIENCE:

Minimum: Associate's degree in accounting, bookkeeping, or related field and one year consumer loan processing, mortgage lending, loan servicing, banking, or related experience; or two years mortgage lending, loan servicing, banking, or related experience; or equivalent combination of education/training and experience.

Preferred: Eighteen months customer service experience.

OTHER SKILLS and ABILITIES:

Ability to keyboard 35 wpm and operate a 10-key calculator by sight required. Word processing, spreadsheet software, and loan calculation and loan documentation software experience preferred.

LANGUAGE SKILLS:

Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, customers, and the general public.

MATHEMATICAL SKILLS:

Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute rates, ratios, interest, discounts, and percent. Ability to apply concepts of basic algebra.

REASONING SKILLS:

Ability to apply common sense understanding to carry out instructions in written, oral, or diagram form. Ability to deal with problems involving multiple variables.

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

While performing the duties of this job, the employee is regularly required to sit; use hands to finger, handle, or feel objects, tools, or controls; reach with hands and arms. The employee is frequently required to talk and hear. The employee is occasionally required to stand; walk; stoop, kneel, crouch, or crawl.

The employee must occasionally lift and/or move up to 25 pounds. Specific vision ability required by this job includes close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus.

WORKING CONDITIONS

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.

The noise level in the work environment is usually moderate.