Loan Administration Associate

Job Details

Job Location:

7801 Forsyth Blvd Clayton - Clayton, MO 63105

Position Type:
Full Time

Job Category:
Banking

Working at The Bank of Missouri we know it takes great people to support the communities we serve! We are passionate about caring for people and communities, and know how to recognize and reward our employees for their talent and contributions. When you work at The Bank of Missouri, you not only get to help others, but you also get the resources, opportunities and support to grow your own career.

Staying in business for more than 125 years is hard. Really hard. If you think about it, we’ve endured many events, like the Great Depression and two World Wars. We’ve survived and thrived, thanks to our great customers and communities. We were founded on core values of accountability, community service and financial conservatism. Those principles are the reason we are still in business today.

Caring for people and communities is our foundation!

We’ve built a reputation of being financially secure and community focused. We are an independent community bank and fully intend to stay that way. We are big enough to accommodate any financial need, yet small enough to give every customer the personal treatment they deserve.

• Competitive Salary
• Personal paid time off, as eligible and paid holidays
• 401K and Employee Stock Option Plan, as eligible
• Generous medical, dental, vision, life and disability insurance
• Fitness reimbursement
• Learning, development and growth opportunities

The Loan Administration Associate is responsible for preparing loan files and documentation to execute loan closings, loan transactions, and credit monitoring support. This position is very heavy in document compilation and requires a high attention to detail and the ability to meet deadlines while working in a client centric environment. Experience with loan documentation, loan closing procedures, and loan transactions loan are highly encouraged.

• Collect and prepare all necessary documentation for a new loan package
• Includes both in house preparation
• Compilation of attorney prepared documentation
• Prepare and maintain all paperwork for existing loans including loan disclosures
• Prepare Change in Terms Loan Documents
• Submit draw requests to the wire department for processing.
• Record loan closings, payments, draws, and payoffs in the bank’s core processing software
• Review and verify loan transactions made by other loan administrative associates
• Load loan documentation into the bank’s recordkeeping software
• Follow up with clients and loan officers to verify information.
• Prepare and file UCC Searches, flood, and credit reports
• Order appraisals and title work
• Process releases of collateral
• Review daily loan reports for accuracy
• Email and mail loan notices to customers
• Obtain insurance certificates from clients via telephone and email requests
• Obtain financial statements and tax returns from clients via telephone and email requests
• Support loan officers and clients in a professional work environment
• Collaborate with management to identify opportunities for process improvements, system enhancements, and procedural changes

• Bachelor's degree is strongly preferred.
• 2+ years of relevant work experience such as Loan admin or Paralegal
• Excellent PC skills, strong skills with Adobe, Microsoft Word and Excel
• Demonstrated ability to interact effectively with various levels within the organization
• Ability to demonstrate excellent detail orientation, critical thinking and analytical skills
• Displays excellent time management, organizational and problem-solving skills
• Ability to work well under pressure and meet deadlines
• Must have strong verbal, written and interpersonal communication skills
• Experience in loan documentation, loan closing procedures, loan transactions

The Bank of Missouri is an Equal Opportunity Employer.