Loan Administrative Assistant

The Bank of Missouri; Bolivar (MO); On-site; USD 35,000 - 48,000; Full time

Benefits offered by this job

Personal paid time off

401K and Employee Stock Option Plan

Medical, dental, vision, life and disa

Fitness reimbursement

Learning, development and growth

Job summary

The Bank of Missouri is seeking a Loan Administrative Assistant to support loan processing, closings and servicing while maintaining client relationships and ensuring compliance with bank policy. You will prepare documents, verify disbursements, handle correspondence, and assist loan officers in daily operations.

Associates Degree in business related field is required, with 3–4 years related experience or equivalent training.

Qualifications

• Associates Degree in business related field; bank-related training or secretarial training preferred.
• Three to four years related experience and/or training; or equivalent combination.

Responsibilities

• Maintain client account files/relationships and assist with loan processing, closing and servicing.
• Prepare processing and closing documents for new and refinanced loan closings.
• Pull credit history information and respond to inquiries in a timely manner.
• Review files for proper documents and disbursements; ensure compliance with bank policy.
• Manage correspondence, typing, filing, and organization of loan records.
• Greet visitors, answer calls, and route information to appropriate staff.
• Forward lien requests and coordinate recording of liens; prepare releases as needed.
• Process loan payments and assist Officers in client relationship management.

Education

Associates Degree in business related field

Job description

At The Bank of Missouri we know it takes great people to support the communities we serve! We are passionate about caring for people and communities, and know how to recognize and reward our employees for their talent and contributions. When you work at The Bank of Missouri, you not only get to help others, but you also get the resources, opportunities and support to grow your own career.

About our Company:

Staying in business for more than 130 years is hard. Really hard. But, thanks to our great customers in the communities we serve and our entire team, we’ve grown from one bank, once known as The Bank of Perryville, to now 30 locations in 25 communities across Missouri.

If you think about it, since 1891 when the bank was founded, we’ve endured many events: the Great Depression, two World Wars and the Financial Crisis of 2007-2008. We are a growing, $4.2 billion institution with plans to further expand as opportunities present themselves. With our roots firmly planted in Perryville, Missouri, we continue to grow; evolving and expanding with our amazing team, customers and communities.

Those principles are the reason we are still in business today: caring for people and communities is our foundation. With every financial decision we make, we bear those values in mind, every time. We are proud, but above all, very privileged to say, “We’ve been community banking since 1891.” We look forward to the bright future which lies ahead for the shareholders, employees, customers and communities served by The Bank of Missouri.

Here are some of the great benefits you will enjoy as a member of our team:

• Personal paid time off and paid holidays, as eligible
• 401K and Employee Stock Option Plan, as eligible
• Generous medical, dental, vision, life and disability insurance
• Fitness reimbursement
• Learning, development and growth opportunities

About this job:

Loan Administrative Assistants are responsible for producing correspondence, scheduling and assisting Officers in management of client relationships and maintaining client account files/relationships in conformity with bank policy and regulatory requirements. They also perform loan processing, closing, set-up, and follow-up (servicing) responsibilities associated with the documentation and posting necessary in granting credit to the Banks borrowers.

As a Loan Administrative Assistant, you will:

• Maintain educational and professional expertise by completion of relevant on-line or in-house training, and/or through attendance at job related seminars, conferences, and workshops.
• Maintain confidentiality of customer account information. Follow established policies and procedures in responding to inquiries and requests.
• Perform full range of duties pertaining to the loan processing/closing/servicing function, including, but not limited to the following: pull system inquiries to obtain credit history information on potential borrowers, answer customer inquiries, prepare processing and closing documents for new and refinanced loan closings.
• Review files to ensure that proper documents and disbursements are prepared accurately for loan officer or assistant performing the closing.
• Obtain pay-off information as necessary. Demonstrate ability to review files after closing to ensure that all documents are signed and checks are disbursed.
• Review loan document requirements prior to and after loan closing in conformity with compliance requirements
• Complete loan disbursements for clients timely and accurately.
• Prepare various legal documents to ensure proper lien on collateral of loan client.
• Type correspondence including memos, letters, mailings and file comments.
• Read and route incoming mail. Locate and attach appropriate file to correspondence to be answered by employer.
• Organize and maintain file system, filing correspondence and other records.
• Courteously answer and screen telephone calls.
• Courteously greet scheduled visitors and direct to appropriate area or person.
• Fed Ex loan papers to customers.
• Notarize signatures for loan closings and customers.
• Conduct research on file history in preparation for client meetings or in response to auditory inquiries.
• Process all types of loan payments.
• Forward lien requests to Recorder and follow-up to insure proper recording of liens. Prepare releases and satisfactions for loans.
• Request yearly financial updates, annual reports and current tax filings from borrowers.
• May handle loan exceptions and communicate with appropriate loan officers in that regard.
• Make copies of correspondence or other printed materials
• Prepare outgoing mail and correspondence, including e-mail and faxes for loan officers.

Qualifications for Success

Associates Degree in business related field plus additional bank-related training and secretarial training; or three to four years related experience and/or training; or equivalent combination of education and experience.

The Bank of Missouri is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability. If you have a disability and you believe you need a reasonable accommodation in order to search for a job opening or to submit an online application, please contact us or call toll-free 888-547-6541.