Business Banking Loan Processor

Range Bank; Marquette (MI); On-site; USD 45,000 - 60,000; Full time

Benefits offered by this job

Paid time off (2 weeks to start)

Health insurance through Blue Cross Blue Shield of Michigan

401(k) retirement plan with up to 6% match

Short term disability insurance (paid by company)

Employee Stock Purchase Plan

Job summary

A community bank in Michigan is seeking a qualified candidate to manage Business Banking loan products, ensuring compliance and thorough documentation. Responsibilities include preparing loan documents, maintaining loan records, and assisting lenders. The ideal candidate will have a college degree in finance or accounting with 1-3 years of experience. The position offers full-time benefits including health insurance, paid time off, and a 401(k) retirement plan with company matching.

Qualifications

• 1-3 years experience in a related position.

Responsibilities

• Responsible for learning all Business Banking loan products.
• Prepare loan closing documents for commercial/installment loans.
• Image loan files and financial information.
• Ensure compliance with all CIP and Beneficial owner requirements.
• Adheres to bank policies and procedures.

Skills

Attention to detail

Proficiency with technology

Education

College degree in finance, accounting, or a related field

Some college education or degree in a related field

Job description

We are a community bank that has been established since 1887. We believe in the core values of respect, ownership, community, strength and knowledge and are looking for someone who shares those same values.

Schedule to include hours between 8:30 a.m. and 5:00 p.m. Monday-Friday. This position will work from our Front St branch.

Primary Responsibilities

• Responsible for learning all Business Banking loan products and appropriate documentation for products in order to be in compliance with loan regulations, guidelines, and policies
• Prepare loan closing documents for commercial /installment loans
• Perform general maintenance work on loan portfolio records
• Image loan files, insurance information, CIF information & financial information
• Ensure business bankers obtain current insurance policies for properties & vehicles held as collateral for various loans
• Disburse loan funds to participating banks in timely manner, and provide updated information regarding the loans in which they participate
• Process documentation required to satisfy paid off loans
• Assist lenders with preparation and review of loan documentation packets
• Ensure compliance with all CIP and Beneficial owner requirements
• Reverse payments applied to loans incorrectly, returned for insufficient funds or any other reason
• Adheres to Range Bank policies and procedures.
• Upholds the highest level of confidentiality and cyber security awareness.

Minimum Requirements

• College degree in finance, accounting, or a related field and/or 1-3 years experience in a related position
• High Attention to detail
• Highly proficient with current technology

Preferred Qualifications

• Some college education or degree in a related field

Full Time Benefits

• Paid time off (2 weeks to start)
• Volunteer time off (1 day per year)
• Paid holidays (9.5 days per year)
• Health insurance through Blue Cross Blue Shield of Michigan
• Telehealth with $0 copay
• HSA plan options, including employer contribution
• Vision
• Dental
• 401(k) retirement plan with up to 6% match (after 1 year)
• Short term disability insurances (paid 100% by company)
• Long term disability insurance(paid 100% by company)
• Life insurance(paid 100% by company)
• Voluntary life insurance
• Employee Assistance Program
• Employee Stock Purchase Plan

This job description reflects management’s assignment of essential functions; and nothing in this herein restricts management’s right to assign or reassign duties and responsibilities to this job at any time.