Loan Operations Specialist

bankeasy; Brookings (SD); On-site; USD 25,000 - 39,000; Full time

Job summary

First Bank & Trust in Brookings, SD, seeks a Loan Operations Specialist to handle daily loan processing and collaborate with lending staff. The role involves loan accounting, fundings, payments, and ensuring accurate general ledger balances.

The position requires attention to detail, effective communication, and teamwork across the company. Training new staff and adherence to policies are part of the duties, with compliance training as required.

Qualifications

• Requires a high school diploma, plus one year of education beyond high school and two years of related experience or equivalent.
• Knowledge of bank loan and accounting procedures preferred.
• Detail-oriented with strong communication and teamwork skills.

Responsibilities

• Perform shared loan operations responsibilities across the organization.
• Complete loan accounting activities: input of new loans, funding, payments, wire transfers, advances, extensions, file maintenance, reports.
• Respond to customer loan inquiries and coordinate with loan participations, payments, and taxes with other institutions.
• Balance loan totals to the general ledger daily and resolve discrepancies.
• Process unposted loan transactions and correct errors.
• Enter and balance loan participation activity within legal lending limits.
• Run automated workflow processes and perform review/verification of loan maintenance tasks.
• Assist with training new team members and answer department questions.
• Adhere to company policies and compliance training.

Skills

Attention to detail

Effective communication

Team collaboration

Education

High school diploma + 1 year education beyond high school

Job description

Job Description:

The Loan Operations Specialist performs a wide variety of activities in the daily processing of loan transactions for First Bank & Trust and works closely with lending staff, including loan officers and processors.

Qualifications:

A high school diploma, one year of education beyond high school, and two years of relevant experience or the equivalent are required. Knowledge of bank loan and accounting procedures is preferred. The role requires attention to detail, effective communication, and working collaboratively with team members across the company.

Principal Responsibilities:

• Perform shared loan operations responsibilities, including:
• Complete loan accounting activities for loans across the organization, which may include input of new loans, funding of new loans, loan payments, wire transfers, advances, loan extensions, loan file maintenance, and system-generated reports and related processing tasks.
• Respond to customer loan inquiries and work with contacts at other institutions related to: loan participations, payments, and taxes.
• Balance all loan totals to the general ledger daily and resolve discrepancies according to established procedures.
• Work unposted loan transactions daily and correct any errors.
• Enter and balance loan participation activity while adhering to legal lending limits.
• Run automated workflow processes.
• Perform review and verification processes for loan maintenance, automated workflows, loan uploads, and balancing.
• Assist with training new team members, answering department questions, and completing assigned projects.
• Act in accordance with FBT policies and procedures as set forth in the employee handbook.
• Adhere to compliance procedures and participate in compliance training when required.

Compensation Grade

Hourly Grade 4

First Bank & Trust is an Equal Opportunity, Affimative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression, national origin, disability, or status as a protected veteran. Read our complete Equal Employment Opportunity Policy Statement . Applicants who would like to request reasonable accommodation to the application or interview process should call Human Resources at 800.843.1552 or email [e-mail] .