Unposted/Swap Associate

About the role

Recognizing and valuing diversity strengthens our ability to attract, retain and engage associates and reinforces our relationship within our communities. Our associates are the most valuable asset we have. The collective sum of the individual differences, life experiences, knowledge and talent that our associates invest in their work represents a significant part of not only our culture, but our reputation and company’s achievement as well. A Centier Associate is someone who embodies a servant heart, is unaccepting of anything less than remarkable service, and is self-motivated and driven to deliver exceptional results. Our Corporate values are Caring, Loyalty, Integrity, Friendship, Fun.

This team will be responsible for completing the items that are listed under the Essential Duties & Responsibilities section. This position requires some independent thinking to process assigned tasks as this team deals with many odd payment/loan processing items. At times, in-depth research may need to be done to ensure that items are fully resolved and prevent future issues of a similar nature. SWAP and Participation items need to be handled carefully, since they not only impact the bank and client, but investors as well.

Responsibilities

This position requires a significant amount of communication with internal and external clients. Internally the interaction would be with Business Banking Loan Officers, Business Banking Administrative Assistants (AA’s), Consumer & Commercial Loan Workout Department, Consumer and Commercial Residential Construction, and branch staff. Externally, interaction would typically be with clients (borrowers), participation banks and our vendor Derivative Path. The Associate will be expected to work on routine tasks following procedures and may occasionally involve non-standard assignments. This person will have a rotating tasks list to share with the Specialist.

• Daily Commercial Loans – Ensure any commercial loan payments or incoming wire payments are posted correctly with interest paid current & due dates roll appropriately.
• Verify loan balances and undisbursed amounts to post commercial draws.
• Review the report for Commercial lines of credit paid to zero, to determine whether the line should remain open to further draws or be closed.
• Unposted Payment Transactions – Research reasons for DDA, CL, IL, ML, and RC Unposteds and