Commercial Loan Administrator II/Loan Coordinator

First Mid Bancshares, Inc.; O’Fallon (MO); On-site; USD 42,000 - 65,000; Full time

Benefits offered by this job

Competitive health, dental & vision coverage

401(k) with employer match

Tuition reimbursement

Generous PTO and paid holidays

Job summary

A financial services company in O'Fallon, MO is seeking a Commercial Loan Administrator. You will provide crucial support to the commercial lending team by coordinating loan closings, organizing customer files, and assisting clients with inquiries. The ideal candidate will have a High School Diploma and experience in commercial lending as well as advanced computer skills. Our total rewards program includes comprehensive healthcare, generous PTO, and a 401(k) with employer match.

Qualifications

• Excellent computer skills; advanced knowledge of word processing and spreadsheets.
• High level of understanding of lending function and loan systems.
• Ability to work accurately and confidentially with detailed information.
• Strong computer and spreadsheet skills; proficient with loan systems

Responsibilities

• Provide day-to-day support to the commercial lending team.
• Coordinate loan closing and organize customer files.
• Act as the first point of contact for commercial loan customers.
• Greet customers and assist with inquiries, balance information, and loan questions
• Print, review, and distribute management reports; provide coaching to other staff as needed

Skills

Advanced computer skills

Understanding of lending functions

Interpersonal skills

Interpersonal skills

Regulatory knowledge

Education

High School Diploma

Two years of commercial client experience

Tools

Premier system

Loan system

MS Word

MS Excel

Job description

At First Mid, base salary is one component of our Total Rewards program. Exact compensation is determined by factors such as (but not limited to) education, skills, internal equity, and experience. This position offers additional compensation in the form of discretionary short-term incentives (i.e. bonus, incentives, and/or commission). Benefits for this role include comprehensive healthcare, well-being benefits, paid family leave as well as generous paid time off. Total Rewards also include banking perks, tuition reimbursement, an Employee Stock Purchase Plan, and a 401K plan with company match. Incentives and benefits are subject to eligibility requirements.

Responsible for providing day to day support to the commercial lending team including coordinating loan closing, organizing customer files, monitoring financial documents and supporting all lending initiatives. Performs record keeping functions including payment processing and balancing. Acts as first point of contact with commercial loan customers and responsible for providing a high level of customer service.

Responsibilities include, but are not limited to:

• Assists commercial loan officers by preparing various documents such as sending notices, preparing past due correspondence, ordering credit bureau reports and appraisals and preparing customer correspondence.
• Assists commercial loan officers in gathering information for new loan requests and submits loan requests and supporting documentation to Central Loan Processing.
• Works independently handling accounts of larger size and complexity and/or larger volume of accounts.
• Maintains commercial customer’s credit file in an orderly and accurate manner while in their possession. Forwards new loans and updated documentation to Post Closing to be archived on Director. Reviews files for appropriate documents and responsible for following up on exceptions.
• Greet customers and prospective customers, directing them to the appropriate personnel.
• Assists commercial customers with questions, balance information, payments, line of credit advances, payoff quotes and tax reporting calculations on a continuous basis.
• Retrieves information requested for credit ratings and loan confirmations.
• Prints, reviews and distributes a variety of management reports.
• May provide coaching and guidance to other loan administrators.
• Actively cross-sells bank related products in a professional manner.
• Completed required training associated with job function.
• Performs other related duties as assigned.

Education/Experience

• High School Diploma required
• Specialized education/training normally acquired through two plus years of experience; commercial client experience preferred

Skills

• Excellent computer skills. Advanced knowledge and mastery of word processing and spreadsheet functions.
• High level of understanding of lending function, loan system and Premier system.
• Must be able to work with a significant amount of detailed information in an accurate, timely and confidential manner.
• High level of interpersonal skills to interact with customers and potential customers in a professional manner.
• High level of knowledge of both internal policies and procedures and the respective state and federal laws and regulations governing departmental functions to ensure performance of individual job duties within the proper control environment.

Total Rewards

• Competitive health, dental & vision coverage with HSA match
• 401(k) with employer match + Employee Stock Purchase Plan
• Generous PTO, paid holidays & parental leave
• Tuition reimbursement & performance-based bonuses

First Mid Bancshares, Inc. is an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, gender identity, sexual orientation, protected veteran status, or any other applicable federal or state-protected classification.

THIS JOB DESCRIPTION DOES NOT CONSTITUTE A CONTRACT FOR EMPLOYMENT