Account Representative

Golden Rural Bank of the Philippines, Inc.; Isabela; On-site; PHP 240,000 - 360,000; Full time

Job summary

Golden Rural Bank of the Philippines, Inc. is seeking an Account Representative to assist with loan administration, documentation, and account servicing within a banking environment.

The role involves supporting loan processing, maintaining accurate records, and ensuring compliance with lending policies and regulations. You will support loan processing, prepare loan documents, monitor accounts, and coordinate with the Branch Accountant to produce required BSP reports.

Qualifications

• Experience in loan documentation and account servicing.
• Knowledge of lending policies and regulations.
• Attention to detail and accuracy.
• Strong customer service skills.
• Ability to reconcile loan ledgers.

Responsibilities

• Assist foreclosure/remedial team in preparing loan papers and legal documents.
• Assist Branch Accountant with BSP reports preparation.
• Maintain borrower credit files and documentation accuracy.
• Generate and send reminder letters for maturing loans.
• Post loan payments and reconcile subsidiary ledgers daily.
• Reconcile subsidiary loan ledgers with general ledger balances.
• Monitor accounts one month before maturity and take necessary actions.
• Prepare documents for borrower release and loan servicing closures.
• Review loan applications and requirements for completeness.

Skills

Customer relations

Data entry

Loan servicing

Document management

Regulatory compliance

Job description

About the role

An Account Representative assists with loan administration, documentation, and account servicing within a banking environment. The role involves supporting loan processing, maintaining accurate records, and ensuring compliance with lending policies and regulations.

Key responsibilities

• Assist the foreclosure/remedial team in the preparation of loan papers and other legal documents
• Assist the Branch Accountant with the preparation of reports required by the BSP
• Keep credit files of borrowers, if duly authorized
• Generate, prepare and send reminder letters (maturing) through a carrier or post office
• Prepare subsidiary ledgers, post loan payments, and balance loan subsidiary ledgers daily
• Reconcile subsidiary loan ledgers with the corresponding balances in the general ledger
• Monitor existing accounts and assess them one month before maturity to take necessary actions and ensure thorough evaluation
• Prepare and print all documents required for the release of the borrower
• Compute application of loan payments subject to the verification of the Branch Accountant
• Review and examine application forms and loan requirements submitted

About you

• Responsible for the completeness of documents in the loan folder and proper ear tagging
• Capable of encoding data into the system to support the opening of partner savings accounts
• Able to ensure accurate and timely servicing of the Bank's loan portfolio
• Able to monitor the production of loan documentation related to the opening of account, servicing of loans, and closing of all loans
• Capable of ensuring loans and agreements comply with state laws, regulations, and Bank lending policies and procedures
• Able to provide a high level of customer relations and service
• Capable of promoting the bank's Loan products and services to achieve the loan increase target