Hybrid Loan Operations Specialist; Onsite

The Loan Operations Representative role is a hybrid position, requiring three days per week onsite at First Bank Chicago's Northbrook, IL office.

Provide support to the Bank’s loan function by reviewing new/renewed loans; reviewing loan advances, payments and rate changes; and processing paid loans.

Perform basic loan servicing functions for a variety of loan types (Commercial Real Estate; Commercial and Industrial; Consumer)

• Apply payments and advances to loans
• Act as servicing agent for participated/syndicated loan transactions
• Perform servicing for troubled loans, i.e., non-accruals, OREO, and charge-offs
• Pay invoices
• Pay assessment fees for Residential Condominium Loans
• Process paid loans
• Prepare release deed if necessary and send for recording

Review new and renewed loans

• Review new and/or renewed loans on the Fiserv system against boarding data
• Responsible for maintaining original loan documents and files in the collateral vault

Answer client inquiries regarding loan balance, transactions & payoffs

• Research and correct errors

Audit data entry of new and renewed loans

• Perform maintenance as needed

Audit all previous day’s servicing activity

• Correct errors as found
• Perform reconciliation process for GL accounts

Monitor hazard and flood insurance

• Contact agents/borrowers to obtain current certificate of insurance
• Update weekly insurance tickler report
• Add lapsed insurance coverage to force placed insurance program

Perform additional departmental duties such as:

• Order credit reports, title work and/or flood searches
• Assist with Board reports
• Update Procedures
• Input CRA/HMDA information into the FFIEC CRA/HMDA data entry software
• Assist in the processing of construction draws
• Update collateral & insurance report
• Prepare Subordinations of lien
• Provide notary services
• Monthly insurance monitoring
• Monthly available commitment report monitoring
• Collateral maintenance for tax certificates secured loans
• Review daily reports
• Update loans secured by stock/bonds/investment accounts report
• Input Customer Due Diligence and Beneficial Ownership information into BAM+

• Other duties as assigned

• Detail oriented
• Basic accounting knowledge
• Working knowledge of Bank regulations preferred

• High School diploma or GED
• 0 - 2 years banking experience

Expected Salary Range: $45,000 - $53,000

• Salary will be negotiated based on relevant skills and experience as well as internal equity and alignment with market data.

First Bank Chicago offers a comprehensive benefits package including medical/dental/vision/life insurance; 401(k); paid time off (PTO); and eligibility for an annual bonus. For a complete listing of benefits, please visit our website:

First Bank Chicago is an Equal Opportunity

Employer:

disability/veteran