Commercial Loan Coordinator

Position Summary The Loan Coordinator is responsible for the data integrity of customer and loan information as it is populated within loan applications and product packages and is the primary associate that works alongside the Busey Relationship Manager (RM). The coordinator collaborates with sales leaders on the generation of new loan requests, renewals, modifications or other customer requests within the Bank’s loan origination system and develops strong working relationships with the Bank’s external customer base and third-party vendors.

Duties & Responsibilities Develop and apply strong knowledge of the Bank’s “credit culture” and in partnership with Loan Coordination leadership advise Relationship Managers on deviations from standard practices.

Acts as a resource for Relationship Managers on loan operations and the processing of loan requests through the loan operation system.

Functions as a point of contact for other internal departments during the loan process, serving as a liaison between commercial lending departments such as Credit, Compliance, Deposit Operations, Loan Documentation, Loan Servicing and Post-Closing Review.

Manages and oversees annual renewals, new loan requests and monthly reporting tasks on all loan types.

Completes daily processes and maintains pace with month end, quarter end and year end volume levels.

Enters customer and loan information into the Bank’s loan origination system with specific attention to data integrity at the point of input.

Obtains all pre-closing documentation requirements, such as flood letters, title work, appraisals, entity documents, corporate searches, credit bureau reports

Interacts, both verbal and written, with clients per Relationship Manager’s direction on collecting data, documents, and various general customer service requests.

Reviews closed loan packages to ensure no changes to loan documents were made at closing without approval per loan policy.

Requests Change Memos reflecting adjustments made to the loan request Post Approval.

Verifies recordation and collateral perfection if applicable.

Monitors and assist in clearing exception items.

Monitors monthly reports for RM Team.

Assists in processing and responding to daily overdrafts per RM instructions and bank policies as needed.

Assembles and coordinates required financial information from Client to Credit Department for analysis as needed.

Provides back-up support for other Loan Coordinators during vacations and other high-volume periods.

Performs other duties as assigned.

Education & Experience Knowledge of:

Strong oral and written communication skills

Strong organizational skills

Strong Computer skills, including proficiency with Microsoft Office products and other proprietary bank systems

Ability to:

Multi-task and work independently

Perform duties under frequent time pressures

Complete work with frequent interruptions

Handle difficult problems involving multiple facets and variables in non-standardized situations

Education and Training:

Requires High School diploma.

Requires 2 or more years of related banking experience, commercial banking experience preferred.

Compensation and Benefits Salary offered is based on factors, including but not limited to, the job duties, required qualifications and relevant experience, and local market trends. The role may be eligible for bonus or incentives based on company and individual performance.(Base Pay Range: $23 - $27/hour)
Busey provides a competitive Total Rewards package in return for your time, talents, efforts and ultimately, results. Your personal and professional well-being—now and in the years to come—are important to us. Busey’s Total Rewards include a competitive benefits package offering 401(k) match, profit sharing, employee stock purchase plan, paid time off, medical, dental, vision, company-paid life insurance and long-term disability, supplemental voluntary life insurance, short-term and long-term disability, wellness incentives and an employee assistance program.

In addition, eligible associates may take advantage of pre-tax health savings accounts and flexible spending accounts. Visit Busey Total Rewards for more information.

Equal Opportunity…