Loan Operations Representative Job Northbrook area,Illinois USA,Finance & Banking

Job Details

Location:

Northbrook, IL 60062

Position Type:
Regular Full-Time

Salary Range: $45,000.00 - $53,000.00 per year

Job Category:
Staff

This position reports to VP/Loan Servicing.

Basic Functions

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

Essential Duties

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
Pay real estate taxes
Process paid loans
Prepare payoff letters
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

Transfer money between accounts
Prepare wire transfer requests
Research and correct errors

Audit data entry of new and renewed loans

Perform maintenance as needed
Scan key loan documents

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+

Nonessential Duties

Other duties as assigned.

Qualifications

Detail oriented
Basic accounting knowledge
Working knowledge of bank regulations (preferred)

Training & Experience

High School diploma or GED
College degree preferred
0-2 years banking experience
Microsoft proficiency
Fiserv application experience preferred

Compensation

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.

Benefits

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, visit our website:

Equal Opportunity Employer

First Bank Chicago is an Equal Opportunity

Employer:

disability/veteran.

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