Lending Trainee

Great Southern Bank; Chicago (IL); On-site; USD 40,000 - 50,000; Full time

Job summary

A prominent financial institution is seeking candidates for a lending trainee program in Chicago, IL. This role offers hands-on training in various lending areas and requires a finance degree or equivalent experience. The position provides a chance for career advancement within the bank upon successful completion of the training program. Hours are Monday to Friday, 8:00 AM to 5:00 PM, with relocation afterward to Chicago.

Qualifications

• Must have a strong understanding of commercial lending processes.
• Familiarity with mortgage lending and credit report analysis.
• Ability to learn from mentors in multiple areas of lending.

Responsibilities

• Work closely with mentors in lending divisions to gain knowledge.
• Participate in loan committee meetings for practical insight.
• Assist in documentation and data input tasks.

Skills

Knowledge of finance and real estate

Communication skills

Attention to detail

Education

Recent finance degree or equivalent experience

Job description

Overview

Come be a part of something greater! Great Southern Bank is committed to fostering an environment where you can contribute and succeed at every level. We celebrate and value differences in age, outlook, cultural background, lifestyle and physical ability. We offer career opportunities across a wide range of disciplines. Come join our team of customer service experts today!

Locations

Great Southern Bank currently holds commercial lending offices in: Rogers, AR, Davenport IA, Sioux City IA, West Des Moines IA, Chicago IL, Overland Park KS, Minneapolis MN, Springfield MO, St. Louis MO, Omaha NE, Dallas TX, Denver CO, and Atlanta GA

Training & Relocation

This specific position will train in Springfield, MO and/or Overland Park, Kansas with relocation to Chicago, Illinois upon completion of paid 20‑week training program. Trainees will be supplied paid furnished housing while in Springfield and/or Overland Park. Upon successful completion of the training, relocation to Chicago is required to obtain a permanent lending focused position with opportunity for advancement.

Program Overview

This program will provide a meaningful work experience in several key areas of Lending. Trainees will work closely with bank staff to gain knowledge and understanding of bank policies, procedures, and regulations in the following areas of the bank: Commercial Lending, Consumer Lending, Loan Operations, and Residential Lending. This position will also be exposed to several other areas of the bank to gain an understanding of their importance to the Lending division.

Responsibilities

• Works closely with assigned mentor in Commercial Lending to gain knowledge of the bank's commercial lending processes, policies and regulations. Works directly with Relationship Managers to learn the credit analysis and underwriting processes, as well as attends prospective and existing customer calls. Participates in loan committee meetings to obtain further understanding of commercial loans.
• Works closely with assigned mentor in Residential Lending to gain knowledge of mortgage lending, secondary market, mortgage underwriting, processing, disclosures, and regulations.
• Works closely with assigned mentor in Consumer Lending to gain knowledge of personal loan types, credit report analysis, DTI, and collection efforts.
• Works closely with assigned mentor in Loan Operations to gain knowledge of loan tracking and documentation processes. Responsible for learning the bank's core loan system.
• Completes a wide variety of data input, word processing, copying, correspondence, reports, memos, etc.

Education and Experience

Broad knowledge of finance with real estate. Must have a recent finance degree, upcoming completion of a finance degree or equivalent experience including Real Estate exposure.

Physical Requirements

The physical activities described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions and expectations.

Semi‑repetitive, low physical. Semi‑repetitive type work which requires periods of concentration for varied time cycles as prescribed by the tasks.

While performing the functions of this job, the employee is regularly required to sit; frequently required to use hands to finger, handle, feel, talk or hear and occasionally required to stand, walk, reach with hands and arms, climb or balance, stoop, kneel, crouch, or crawl. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, and distance vision.

At Great Southern Bank, we are willing to accommodate for those with reasonable requests. If you need assistance at any point during the application process (completing applications, interview prep, etc.) please contact Human Resources at 417-895-4509.

Equal Opportunity Employment

Great Southern Bank is proud to be an Equal Opportunity Employer, treating all candidates and employees equitably without regard to race, color, sex, religion, national origin, ancestry, age, disability, protected veteran status, gender identity, sexual orientation, pregnancy, or any other basis prohibited by law.

Pay

*Pay indicates rate while in training. Upon completion of trainee program, pay rate will be increased with the possibility of incentives.

Schedule

Monday - Friday; 8:00 AM - 5:00 PM

Referrals

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