Loan Operations Specialist

First Bank & Trust; Brookings (SD); On-site; USD 25,000 - 39,000; Full time

Benefits offered by this job

Healthcare Benefits

401(k) & ESOP Profit Sharing

Wellness Program

Education reimbursement

Volunteer Service Hours

In-house childcare & preschool

Job summary

First Bank & Trust in Brookings, SD seeks a Loan Operations Specialist to support daily loan processing and collaborate with lenders for accurate, timely handling of loans.

Responsibilities include loan accounting, payments, wire transfers, balancing to the general ledger, and training teammates while ensuring compliance with bank policies and procedures.

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.

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.

Skills

Bank loan knowledge

Education

High school diploma or equivalent

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.

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,Affirmative 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].

Our Benefits

• Comprehensive Healthcare Benefits Peace of mind when it comes to you and your family's well-being with generous health, dental, vision, and life insurance. Plus, optional access to additional life, disability, and other forms of insurance.
• 401(k) & ESOP Profit Sharing Employees are owners. Receive a match of up to 7% of your contributions to your retirement account.
• Wellness Program The Healthy Way Program incentivizes gym membership and hosts educational programs and challenges throughout the year.
• Education Student loan repayment assistance program. Tuition reimbursement. A robust internal training program that goes beyond onboarding. We want you to continue learning. That's why we offer job shadowing, a mentorship program, and more.
• Volunteer Service Hours Paid time to volunteer. Employees get 16 hours to take part in and donate their time to local charities.
• In-house Childcare & Preschool Kid's World childcare and preschool in Brookings is available for the children and grandchildren of employees.

Our Culture

We value our culture and work hard to keep it top of mind at all times. Employees rally around 9 core principles, creating a collaborative and enjoyable work experience for all. During the onboarding process, all new employees attend a culture camp, which is led by the CEO and the Chairman of the Board. Work for us: Our employees enjoy working together and treat eachother (and customers) like family. Check out our career opportunities, and join a company that cares about its people and community.