Loan Processor

About the role

We are looking for a detail-oriented Loan Processor to support lending operations for a scientific instrument manufacturing organization in Mendota Heights, Minnesota. This Long-term Contract position is ideal for someone with strong data entry, document review, and organizational skills who can help maintain accurate loan records and support compliant processing activities. The role follows a hybrid schedule, with on-site work on Wednesdays and Thursdays and remote work on Mondays, Tuesdays, and Fridays. Success in this position requires careful attention to documentation, comfort working with reports in Microsoft Excel, and the ability to manage multiple priorities in a structured environment.

Responsibilities

• Examine installment loan files and supporting paperwork to confirm accuracy, completeness, and adherence to company standards as well as applicable regulations.
• Enter, update, and coordinate new loan bookings along with modifications to existing loan records in a timely manner.
• Process incoming loan documentation by scanning, indexing, and organizing files received from internal teams, outside vendors, business partners, and customers.
• Track loan status through system-generated and manually maintained reports, following up on missing items and recording document receipt appropriately.
• Review lending documentation to identify compliance gaps and help reinforce proper processing practices through guidance or training support when needed.
• Use Excel-based reports and other department resources to monitor workflow, outstanding items, and trends related to booked loans.
• Prepare summaries and documentation that highlight unresolved issues, operational goals, and areas where additional training or process support may be beneficial.
• Analyze completed loan bookings to identify patterns and share insights that support team decision-making and leadership reporting.
• Contribute to department documentation by helping maintain procedure materials and staying informed on policy updates and internal communications.
• Assist with special assignments tied to daily operations, including audit support, reporting requests, and business analysis projects.

Requirements

• Associate degree in business, or a high school diploma combined with relevant experience in finance, accounting, loan processing, or a similar administrative function.
• Ability to explain how an amortization schedule works and apply that understanding when reviewing loan information.
• Proficiency with Microsoft Office applications, including Excel, Word, and Outlook.
• Strong data entry accuracy and document handling skills, with the ability to manage detailed information efficiently.
• Solid organizational and time management abilities, including the capacity to balance multiple tasks and follow established procedures.
• Clear written and verbal communication skills for working with internal teams, external partners, and management.
• Prior experience in loan processing is helpful, but candidates with strong data processing and administrative backgrounds are also encouraged to apply.
• Availability to work a hybrid schedule in Mendota Heights, Minnesota, including on-site attendance two days per week.

Schedule

Hybrid schedule with on-site work on Wednesdays and Thursdays in Mendota Heights, Minnesota; remote work on Mondays, Tuesdays, and Fridays.

Benefits

• Medical, vision, dental, and life and disability insurance for contract/temporary professionals
• Eligibility to enroll in company 401(k) plan