Loan Coordinator

Minnesota Bankers Association; Richfield (MN); Hybrid; USD 27,345 - 32,814; Full time

Benefits offered by this job

Medical, Dental, and Vision

HSA with company contribution

401(k) with company contribution and match

12 Paid holidays

Job summary

A leading banking organization seeks a reliable Loan Coordinator in Richfield, MN. This role involves organizing loan information, ensuring accuracy, and supporting loan transactions. Ideal candidates have accounting knowledge, exceptional organizational skills, and 1-3 years of banking experience. The position offers a hybrid work schedule after training, alongside competitive benefits like medical, dental, and a 401(k) plan with contributions. Apply now to join a dedicated team focused on success.

Qualifications

• 1-3 years of banking experience required.
• Loan operations/accounting experience preferred.
• Strong knowledge of Microsoft Office products, especially Word and Excel.

Responsibilities

• Perform data entry of daily payments/advances and DDA tickets.
• Verify financial information for accuracy.
• Assist with filing in the department.

Skills

Attention to detail

Customer service

Organizational skills

10-key proficiency

Education

Associate’s degree in Accounting or related field

High school diploma plus equivalent work experience

Tools

Microsoft Office

Jack Henry

Job description

Job Description

Looking to start or grow your career in banking? We’re looking for a reliable and detail-focused Loan Coordinator to join our team! In this role, you’ll help keep the loan process running smoothly by organizing information, reviewing loans for accuracy, and making sure everything balances correctly.

This is a great opportunity for someone with basic accounting knowledge who enjoys working with numbers, staying organized, and catching the small details that make a big difference. If you’re dependable, eager to learn, and take pride in getting things right, you’ll fit right in.

The ideal candidate will be located in the Twin Cities and will have the option to work a hybrid schedule in the office 3 days per week, Tuesday – Thursday, after the initial training period.

Responsibilities

• Performs data entry of daily payments/advances and DDA tickets necessary for loan transactions. Makes appropriate General Ledger tickets as needed for transactions. Reviews transactions to maintain daily balancing.
• Performs loan maintenance transactions on Jack Henry.
• Verifies that the financial information existing between UBB and customers is true and accurate. Furnishes financial information to customers who have sold/purchased loans to/from UBB.
• Researches any existing discrepancies that may exist between UBB and customers, determines the source of the problem, and performs the necessary tasks to resolve the situation.
• Prepares and maintains secure spreadsheets for participation loans to calculate percentages and amounts given/charged to each bank.
• Completes audit requests. Provides written verification to banks/auditors. Follows up on any discrepancies.
• Receives daily loan reports and distributes them to lenders.
• Receives and processes payment checks and prepares the daily loan deposit.
• Assists with filing in the department.
• Monitors late fees assessed on loans by the system. Works with lenders to waive when necessary.

Knowledge, Skills & Abilities

• Associate’s degree in Accounting or related field or high school diploma plus equivalent work experience
• 1 – 3 years banking experience
• Loan operations/accounting experience preferred
• Experience with Jack Henry or other loan system interface preferred
• Strong knowledge of Microsoft Office products with emphasis on Word and Excel
• 10‑key proficiency
• Ability to use discretion and exercise good judgment
• Excellent customer service skills
• Able to communicate in a clear, concise and pleasant manner
• Organizational skills and ability to prioritize multiple tasks

Benefits

• Medical, Dental, and Vision
• HSA with a generous company contribution
• Medical and Dependent Care Flexible Spending Accounts
• 401(k) plan with a 3% company contribution, plus up to an additional 1% match – Roth option available
• 12 Paid holidays

Pay Range

• $19.85 - $23.82 hourly; depending on education, qualifications, experience
• Annual bonus target: 5% of annual pay dependent on company and personal performance

Location

2 Meridian Crossings, Suite 600, Richfield, MN 55327

Company Overview

Headquartered in Richfield, MN and chartered in 1975, United Bankers’ Bank (UBB) is the nation’s first bankers’ bank. Today, UBB has over $1 billion in assets, and is a trusted correspondent banking partner to over 1,000 community banks from the West Coast to the Great Lakes and South Atlantic. Our “First for Your Success” motto is a guiding principle that establishes the success of each and every customer and UBB employee as our number one priority.

How to Apply

https://www.ubb.com/about-us/careers

EEO Statement

United Bankers’ Bank is an EEO/AA employer: All qualified applicants will receive consideration for employment without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability, veteran status or any other characteristic protected by law.