Loan Associate I

Farmers & Merchants Bank of Central California; Lodi (CA); On-site; USD 48,000 - 55,000; Full time

Job summary

Farmers & Merchants Bank of Central California in Lodi seeks a Loan Associate IV to accurately board and service consumer and commercial loans. The role requires knowledge of loan operations, strong customer service, and the ability to extract pertinent information from loan documents.

You will input loans into the core accounting system, perform quality checks, monitor loan activity, post GL transactions, and reconcile loan accounts while maintaining internal controls and regulatory compliance.

Qualifications

• High school diploma or GED required; college-level courses preferred.
• 4+ years of experience in loan boarding or loan accounting.
• Knowledge of loan documents and ability to extract information accurately.
• Experience with banking PC applications; Jack Henry preferred.
• Excellent written and verbal communication and organizational skills.

Responsibilities

• Input consumer and commercial loans and related transactions.
• Perform quality control checks in the Loan Boarding department.
• Monitor and track loans to ensure accurate billing and status.
• Post GL transactions and reconcile loan accounts.
• Answer questions, perform research, and maintain loans as needed.

Skills

Communication skills

Organizational skills

Attention to detail

Teamwork

Independent work

Education

High school diploma or GED

Related college-level courses

Tools

Jack Henry

Banking software

Job description

Location(s): Lodi Supervises Others:No

Posting Date:Salary: $22.90- $26.33(Commensurate with experience and qualifications)

F&M Bank’s Loan Associate IV is an experienced position responsible for accurately boarding and servicing consumer and commercial loans. The position requires knowledge of loan operations and is committed to providing excellent customer service. The incumbent must have knowledge of loan documents and be able to extract pertinent information accurately and thoroughly. The applicant must have good communication and organizational skills and be able to prioritize work tasks in a demanding environment. Must comply with all applicable regulatory requirements and practice appropriate internal controls relating to loans. Tasks include:

• Inputting consumer and commercial loans and completes loan related transactions on the Bank’s core accounting system accurately and completely
• Performs quality control checks of the work performed within the Loan Boarding department for accuracy
• Monitors and tracks loans to ensure transactions are completed properly and billing statements are accurate
• Funds loans, posts GL transactions, and reconciles loan accounts
• Answers questions, completes research, and performs maintenance on loans as needed

Who are we looking for?

• Our ideal candidate is a service “champion” who models operational and customer service excellence
• Someone who is detail-oriented with a strong ability to prioritize work tasks effectively; who remains focused and organized, even when faced with the pressure of continuous deadlines and requests
• A top-notch, personable communicator, who has above average written and verbal communication skills
• An individual who functions collaboratively and demonstrates teamwork, yet has the ability to work independently and take initiative when necessary
• A dependable person who understands loan account reconciliations, recalculating principal, and how to board loans and lines of credit into the Bank’s core accounting system
• A quick learner who takes pride in completing tasks completely and accurately
• Someone devoted to operational excellence, adhering to high ethical standards and who maintains customer confidentiality

Also required:

• Successful completion of a credit history check is a condition of employment
• Minimum of a high school diploma or G.E.D. required; successful completion of related college-level courses preferred
• 4 or more years of experience in loan boarding and/or loan accounting
• Must have experience in using various computer systems and applications, or be proficient in using banking-related PC applications in a Microsoft Windows environment; previous experience with Jack Henry preferred