Loan Operations Specialist

About the role

The Loan Operations Specialist performs a wide variety of activities in the daily processing of loan transactions for First Bank & Trust and works closely with lending staff, including loan officers and processors.

Qualifications

• High school diploma, one year of education beyond high school, and two years of relevant experience or the equivalent
• Knowledge of bank loan and accounting procedures preferred
• Attention to detail, effective communication, and ability to work collaboratively with team members across the company

Responsibilities

• Complete loan accounting activities for loans across the organization, including input of new loans, funding of new loans, loan payments, wire transfers, advances, loan extensions, loan file maintenance, and system-generated reports and related processing tasks
• Respond to customer loan inquiries and work with contacts at other institutions related to loan participations, payments, and taxes
• Balance all loan totals to the general ledger daily and resolve discrepancies according to established procedures
• Work unposted loan transactions daily and correct any errors
• Enter and balance loan participation activity while adhering to legal lending limits
• Run automated workflow processes
• Perform review and verification processes for loan maintenance, automated workflows, loan uploads, and balancing
• Assist with training new team members, answering department questions, and completing assigned projects
• Act in accordance with FBT policies and procedures as set forth in the employee handbook
• Adhere to compliance procedures and participate in compliance training when required

Pay

Hourly Grade 4