Loan Operations Specialist

United Trust Bank; Palos Heights (IL); On-site; USD 50,000 - 56,000; Full time

Benefits offered by this job

Health, dental, and vision insurance

401(k) retirement plan with employer &

Paid time off and holidays

Employee wellness programs

Job summary

United Trust Bank in Palos Heights, IL is seeking a Loan Operations Specialist to ensure accurate and timely processing of the loan lifecycle, including booking, documentation, auditing, and servicing.

This role emphasizes attention to detail, compliance with policies, and teamwork within a community-focused bank, offering growth opportunities and a competitive benefits package.

Qualifications

• High school diploma or equivalent required.
• Minimum of 2 years of banking experience required.
• Experience with commercial loan documentation preferred.
• Proficiency with LaserPro preferred.
• Familiarity with Fiserv systems preferred.
• Strong attention to detail, organizational skills, and problem-solving abilities.
• Ability to manage multiple tasks and meet deadlines in a fast-paced environment.

Responsibilities

• Book new loans, renewals, modifications, letters of credit, and lines of credit into the loan system.
• Perform post-closing loan reviews to ensure accuracy and completeness.
• Process and post loan transactions.
• Handle participation loan processing (both purchased and sold loans).
• Conduct loan account research and resolve discrepancies.
• Respond to loan-related inquiries from internal and external customers.
• Balance loan general ledger clearing accounts.
• Execute the recording and/or release of loan documents, as applicable.
• Track and report collateral exceptions.
• Process escrow disbursements.
• Support internal and external audit requests.
• Maintain loan documentation, including imaging and tracking of credit and collateral files.
• Review daily reports and perform balancing functions.
• Perform other duties as assigned.

Skills

Attention to detail

Organizational skills

Problem-solving

Multitasking

Time management

Education

High School diploma or equivalent

Tools

LaserPro

Fiserv systems

Job description

United Trust Bank | Palos Heights, IL Full-Time | Hourly Salary Range: $$50,000–$56,000 annually, based on relevant experience.

Loan Operations Specialist

About the Role

The Loan Operations Specialist is responsible for ensuring the accurate and timely processing of loan operations. This role supports the full loan lifecycle, including booking, documentation, auditing, and servicing, while maintaining compliance with internal policies and regulatory requirements.

What You’ll Do

• Book new loans, renewals, modifications, letters of credit, and lines of credit into the loan system
• Perform post-closing loan reviews to ensure accuracy and completeness
• Process and post loan transactions
• Handle participation loan processing (both purchased and sold loans)
• Conduct loan account research and resolve discrepancies
• Respond to loan-related inquiries from internal and external customers
• Balance loan general ledger clearing accounts
• Execute the recording and/or release of loan documents, as applicable
• Track and report collateral exceptions
• Process escrow disbursements
• Support internal and external audit requests
• Maintain loan documentation, including imaging and tracking of credit and collateral files
• Review daily reports and perform balancing functions
• Perform other duties as assigned

What We’re Looking For

• High school diploma or equivalent required
• Minimum of 2 years of banking experience required
• Experience with commercial loan documentation preferred
• Proficiency with LaserPro preferred
• Familiarity with Fiserv systems preferred
• Strong attention to detail, organizational skills, and problem-solving abilities
• Ability to manage multiple tasks and meet deadlines in a fast-paced environment

Why Join United Trust Bank?

• Collaborative and team-oriented environment
• Opportunity for growth within a community-focused bank
• Competitive compensation and benefits package

Benefits

• Health, dental, and vision insurance
• 401(k) retirement plan with employer match
• Paid time off and holidays
• Employee wellness programs

Equal Employment Opportunity Statement

United Trust Bank is an Equal Opportunity Employer and prohibits discrimination and harassment of any kind. All employment decisions are made without regard to race, color, religion, sex, gender identity or expression, sexual orientation, national origin, genetics, disability, age, veteran status, or any other protected characteristic in accordance with applicable federal, state, and local laws.

United Trust Bank is an E-Verify employer.