Loan Operations Specialist

Gpac; Saint Paul (MN); On-site; USD 60,000 - 75,000; Full time

Job summary

Gpac in Minnesota is seeking a detail-oriented Loan Operations Specialist to join our team. You will research loans, resolve issues, and process payoffs while ensuring accuracy and compliance with internal standards. This role offers growth opportunities within a collaborative culture and exposure to diverse loan types.

Strong problem solving and communication skills are essential to succeed in this fast-paced environment and to support our customers and internal partners.

Qualifications

• Minimum of three years in Loan Operations.
• College degree in a business-related field.
• Excellent written and verbal communication skills.
• Strong ability to independently identify, analyze, and resolve technical problems related to loan systems.

Responsibilities

• Book new loans, renewals, modifications, letters of credit, and lines of credit.
• Book SBA loans and ensure compliance with reporting requirements.
• Scan loan files and conduct post-closing reviews.
• Post payments, draws, and principal reductions with precision.
• Edit loans booked to the loan platform for accuracy and manage participation loan processing.
• Clear unposted loan transactions and respond to loan questions and research.
• Balance general ledger clearing accounts and record/release documents.
• Maintain and report on document exception tracking.

Skills

Loan operations experience

Communication

Problem solving

Attention to detail

Education

College degree in business-related field

Job description

Position Summary:

Join our dynamic team as a Loan Operations Specialist, where you will play a crucial role in ensuring the accuracy and efficiency of our loan process. Your attention to detail and problem-solving skills will be essential in performing loan research, resolving issues, and processing loan payoffs.

Essential Job Duties:

• Loan Booking: Accurately book new loans, renewals, modifications, letters of credit, and guidance lines of credit.
• SBA Loans: Handle the booking of new SBA loans and ensure compliance with 1502 reporting to the FTA.
• Document Management: Scan loan files and conduct thorough post-closing loan reviews.
• Payment Processing: Post payments, draws, and principal reductions with precision.
• Quality Control: Edit loans booked to the loan platform for accuracy and manage participation loan processing for both purchased and sold loans.
• Transaction Management: Clear loan unposted transactions and address general loan questions and research.
• Account Balancing: Balance loan general ledger clearing accounts and execute the recording/release of applicable documents.
• Exception Tracking: Maintain and report on document exception tracking.

Required Skills and Competencies:

• Experience: Minimum of three years in Loan Operations.
• Education: College degree in a business-related field.
• Communication: Excellent written and verbal communication skills for effective interaction with internal and external clients.
• Problem-Solving: Strong ability to independently identify, analyze, and resolve technical problems related to the Bank's automated loan systems.

Why Join Us?

• Innovative Environment: Be part of a forward-thinking team that values innovation and continuous improvement.
• Professional Growth: Opportunities for career advancement and professional development.
• Collaborative Culture: Work in a supportive and collaborative environment where your contributions are valued.

All qualified applicants will receive consideration without regard to race, age, color, sex (including pregnancy), religion, national origin, disability, sexual orientation, gender identity, marital status, military status, genetic information, or any other status protected by applicable laws or regulations.