Loan Associate Analyst

Responsibilities

• Manages preparing and reviewing loan documentation while supporting various tasks related to the loan process.
• Independently processes and closes loans within a complex loan operations environment.
• Integrates a solid understanding of industry and business standards and practices of loan documentation processes.
• Deals with most loan-related problems independently and has some latitude to resolve complex issues, where expertise is required to interpret against policies, guidelines, or processes.
• Applies judgment when interpreting data, preparing reports, and presents findings to management.
• Makes resolution recommendations based on identified trends and facts.
• Designs and analyzes complex reports often related, but not limited to loan documentation processes to satisfy management requirements and support/control activities.
• Participates in and supports the implementation of projects and process improvement initiatives.
• Interprets data and makes recommendations for the launch of new products/services and upgraded platforms that loan documentation/processing functions.
• Demonstrates a understanding of the loan documentation processes to identify policy gaps and formulate policies to support the streamlining of related work processes.
• Minimizes risk to the bank through a solid understanding of procedural requirements - provides solutions to reduce errors, to adhere to audit and control policies.
• Serves as a checker for systematic transactions as a last line of defense.
• Timely escalates and resolves all inquiries and issues related to loan documentation.
• Provides informal guidance and/or on-the-job-training to new team members.
• Works closely with own team and internal stakeholders in order to meet client needs.
• Has direct interaction with external customers to disseminate or explain information.

Qualifications

• 2 - 5 years relevant experience.
• Basic knowledge of Business Processes, Systems and Tools used in the Loan Process.
• Demonstrate understanding of Loan Processes, Procedures, Products and Services.
• Able to identify, mitigate, manage, resolve, and escalate risks and issues.
• Reasonable awareness of risk types, policies and control measures and processes.
• Comply with applicable laws, rules, and regulations, and adhering to Policies.