SAG Loan Specialist II

If you are a current FIB employee, please apply through the Career Worklet in the Employee Portal.

This position is located in Billings, MT;
Boise, ;
Omaha, NE or Sioux Falls, SD.

What's Important to You

We know your career is just one aspect of a meaningful, complex, and demanding life. That's why we designed our compensation and benefits package to provide employees and their families with as much choice as possible.

* Generous Paid Time Off (PTO) in addition to paid federal holidays.

* Child Care Assistance Program for eligible dependent(s).

* Exercise reimbursement program for employees.

* The health and happiness of the places we call home matter to us. Learn a little more about what we do for the communities we serve and why we want YOU to be a part of it.

We encourage you to apply. Reach for what you want and tell us why your work ethic and willingness to learn make you a natural fit for #Team First Interstate .

SUMMARY

The SAG Loan Specialist II assists Special Asset Group (SAG) Officers in the restructuring, rehabilitation, collection, and liquidation of criticized and/or classified loans. This position is responsible for assisting SAG Officers with portfolio management by performing loan processing duties, reporting and analyzing data, researching issues, and problem resolution.

ESSENTIAL DUTIES AND RESPONSIBILITIES

* Handles client transactions and client problem resolution; responds to client account inquiries, performs account maintenance, and researches and resolves client problems.

* Drafts requests for financial information, past due and demand letters to clients, and handle special mailings, as requested.

* Executes client transactions within applicable department guidelines, escalating to the assigned SAG Officer any requests outside specified norms or items requiring SAG Officer signature or approval; transactions may include transfers, withdrawals, distributions, wire transfers, payments, fee waivers, fee refunds, client overdrafts, loan payoffs, processing paid loans, monitoring reports, and other loan and account operations as requested.

* Reconciles client accounts, enters client financial data into databases, and monitors exceptions to company policies.

* Performs covenant tickler maintenance, monitoring, and updates.

* Prepares and/or reviews client account documents for meetings between the SAG Officer and the client, focusing on completion of signatures, accuracy, and fulfillment of standard regulatory and compliance guidelines.

* Assists in obtaining necessary information to process loan applications, such as financial statements, tax returns, business documentation, credit reports, UCC searches, title work, appraisals, flood determinations, bankruptcy filings, etc.; may also work with outside counsel, title companies, other product vendors, etc. to request documents needed for loan requests.

* Orders loan documents in accordance with loan approval conditions, responds to SAG Officer inquiries regarding the status of loans, loan documentation, client accounts, etc.

* Facilitates booking loans onto core system and perform post-booking check to ensure entries are correct.

* Schedules quarterly Asset Quality Meetings (AQM), produces a detailed agenda, gathers and organizes all PLSR's by the deadline, and provides to all meeting attendees.

* Takes detailed notes of discussions during AQM, provides a detailed analysis of final risk ratings and quality trends to SAG Manager, and audits the PLSR process to identify missing PLSR's and timeliness of upload to SharePoint.

* Runs daily, weekly, monthly, and quarterly reports; reviews report for accuracy and compliance and takes action to update systems or make other corrections.

* Performs file check-ins and advises SAG Officer of documentation deficiencies, uploads documents to Director according to applicable procedures. Maintains the security and integrity of all files and databases.

* Attends operational meetings and keep abreast of all credit policies and changes associated with loans, documentation, ticklers and tracking, asset quality, credit reviews, etc.

* Assists SAG Officers in preparing for internal and external audits, ensuring that borrower file documentation and electronic files are in order.

* Performs various duties related to OREO such as reconciling accounts, 1099 reporting, paying invoices and taxes, maintaining property specific workbooks, and other duties as assigned.

* Maintains compliance with all state and federal banking laws and regulations, internal lending policies and procedures, and First Interstate Bank values.

* Assist with SBA guarantee purchases by preparing 10-tab submissions and submits to SBA.

* Completes semi-annual reporting to SBA on loans that are in liquidation, pending charge-off and wrap-up.

* Provides administrative assistance to SAG Manager, as needed.

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of…