Business Banking Specialist

Fishback Financial Corporation; Edina (MN); On-site; USD 32,000 - 43,000; Full time

Benefits offered by this job

Medical, dental, vision

401(k)/ESOP

Paid time off

Flexible work arrangements

Student loan repayment assistance

Job summary

First Bank & Trust is seeking an administrative support professional to assist Business/Commercial Bankers through the loan process, ensuring accuracy in underwriting documents and compliance with policies.

The role requires an associate degree and 2 years of relevant experience, with emphasis on customer service, communication, and collaboration across departments.

Qualifications

• Associate degree and 2 years of relevant experience (or equivalent).
• Experience with lending administration and documentation preferred.
• Knowledge of banking concepts, practices, and procedures, including loan policy and guidelines.
• Strong customer service, communication, attention to detail, and collaboration skills.

Responsibilities

• Assist Business/Commercial Bankers with loan and credit underwriting documentation.
• Initiate and build loan documentation utilizing loan operating software and verify details.
• Coordinate with title and insurance companies as needed.
• Act as a liaison between bankers and internal departments for client requests.

Skills

Customer service

Communication

Attention to detail

Collaboration

Education

Associate degree

Job description

Job Description

This person is responsible for providing administrative support to the Business/Commercial Bankers throughout the loan process.

Qualifications: This person should have an associate degree and 2 years of relevant experience, or the equivalent. Experience with lending administration and documentation is preferred. This person should exhibit knowledge of banking concepts, practices, and procedures, including an understanding of loan policy and guidelines. The ability to interact with customers, bankers, and other professionals is required. Exceptional customer service, communication, attention to detail, and collaboration skills are necessary.

Principal Responsibilities

• Assist Business/Commercial Bankers with loan and credit underwriting documentation including, but not limited to title work, appraisals, etc.
• Initiate and build loan documentation utilizing loan operating software and verify all details (orders, collateral, disclosures, etc.) of initial loan files are complete and accurate according to policies and procedures.
• Work closely with title company and insurance companies as needed.
• Act as a liaison between bankers and internal departments to coordinate client requests and resolve inquiries.
• Collaborate closely with internal related departments as loan progresses.
• Serve as a resource for any funding/post funding questions.
• Follow established procedures and practices for processing business banking products from application to origination.
• Perform additional banking services, including completing advances, initiating wire requests, lien releases, making advances/payments, and transfers as needed.
• Monitor in-process loan files for receipt of complete and accurate documentation for underwriting.
• Assist in preparing credit packages for submission to underwriting.
• Monitor all current business loan files and paid loan files to ensure proper maintenance according to established procedures.
• Monitor reports, provide loan payoffs, and release collateral.
• Assist in preparing annual reviews and work multiple discrepancy lists.
• Remain up to date on system, process, product, and regulatory changes.
• Attend all team meetings and training opportunities as deemed appropriate by the supervisor.
• Act in accordance with FBT policies and procedures as set forth in the employee handbook.
• Adhere to compliance procedures and participate in required compliance training.

Compensation

The anticipated hourly range for this role is between $22.87 and $30.88. This range is a good faith estimate for the position. The actual compensation offered to a candidate may differ based on various factors, including the individual’s relevant experience, training, skills, work location, and other considerations. For those in eligible roles, we offer incentive compensation based on individual performance.

Benefits

• Medical, Dental, and Vision insurance, Health Savings Accounts, 401(k)/ESOP, Paid Time Off, Flexible Work Arrangements, Paid Parental Leave and Student Loan Repayment Assistance.
• Our Benefits: Comprehensive Healthcare Benefits Peace of mind when it comes to you and your family's well-being with generous health, dental, vision, and life insurance. Plus, optional access to additional life, disability, and other forms of insurance.
• 401(k) & ESOP Profit Sharing Employees are owners. Receive a match of up to 7% of your contributions to your retirement account.
• Wellness Program The Healthy Way Program incentivizes gym membership and hosts educational programs and challenges throughout the year.
• Education Student loan repayment assistance program.
• Tuition reimbursement.
• A robust internal training program that goes beyond onboarding. We want you to continue learning. That's why we offer job shadowing, a mentorship program, and more.
• Volunteer Service Hours Paid time to volunteer. Employees get 16 hours to take part in and donate their time to local charities.
• In-house Childcare & Preschool Kid's World childcare and preschool in Brookings is available for the children and grandchildren of employees.

Company Culture

We invest in our people: Our communities have contributed to the success of our business and we have remained an independent community institution over the years and employ almost 700 people. Our employees are like family (they’re also part owners). Not only is working for us rewarding, but you’ll also be a part of a positive culture and company that gives back to the community.

First Bank & Trust is an Equal Opportunity, Aff... employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression, national origin, disability, or status as a protected veteran.

Work for us

Our employees enjoy working together and treat each other (and customers) like family.