Loan Process Specialist

Farm Credit Illinois, ACA; Sherman (IL); On-site; USD 48,000 - 65,000; Full time

Job summary

Farm Credit Illinois is seeking a Loan Process Specialist to support the Field Operations Department. You will act as the “Deal Champion” for loans and ensure timely and accurate processing of loans originated by Lending AVP/VP and RM, and participate in several stages of the credit lifecycle.

You will gather and review documents, enter loan data, coordinate with partners, support closings, and handle real estate and government loans.

Qualifications

• High school diploma and 3 years of related experience in finance, accounting, or general business or equivalent education, experience, and skillset sufficient to perform the essential functions of the role
• General knowledge of accounting principles and credit processing procedures
• Strong organizational skills with the ability to gather, compile, and manage detailed information
• Effective problem-solving, communication, and relationship-building skills
• Ability to manage multiple tasks, adapt to changing priorities, and utilize technology to improve efficiency
• Ability to work collaboratively and maintain positive working relationships

Responsibilities

• Serve as the primary support for loan applications by gathering, reviewing, and organizing required documentation and ensuring complete and accurate files for submission to Credit Services
• Assist with pre-qualification activities by collecting member and prospect information, entering loan data into the loan origination system, and serving as the point of contact for loan-related inquiries
• Process new and existing loans by completing required due diligence, reviewing loan documentation, coordinating with internal teams and external partners, and supporting loan closings
• Lead and support processing for real estate, FLCA, PCA, non-traditional, and government-related loans, including title work, collateral documentation, and funding activities
• Support loan closing, booking, and funding by reviewing documentation for accuracy, coordinating required filings, and submitting completed packages to internal custodians and accounting teams
• Provide ongoing member service by facilitating loan servicing requests, monitoring portfolio documentation, supporting cross-sell opportunities, and assisting team members as needed
• Participate in training, projects, and committee work while upholding data security, confidentiality, and Association standards

Skills

Accounting principles

Credit processing

Organizational skills

Communication

Problem solving

Task management

Teamwork

Education

High school diploma

Job description

About Farm Credit Illinois

Farm Credit Illinois (FCI) is an agricultural financial cooperative owned by more than 17,400 farmer, rural landowner, and agribusiness voting stockholders in the southern 60 counties of Illinois. Dedicated to Helping Farm Families Succeed, FCI provides competitive and flexible financing, crop insurance expertise, and Rural 1st® country life lending. FCI manages an $8 billion loan portfolio, sells 1.5 million acres of crop insurance coverage, and employs approximately 300 staff in the Mahomet headquarters and 14 regional offices. The U.S. Farm Credit System is a network of locally owned cooperatives supporting rural communities, farm families, and agriculture with reliable, consistent credit and financial services today and tomorrow.

Why Join Us

• Competitive compensation package. Grade and salary commensurate with experience, with an annualized base salary range of 48,000.00 - 65,000.00plus a bonus based on team and individual performance. This range is a good‑faith and reasonable estimate of the range of possible compensation at the time of this posting.

• Comprehensive benefit package includes 401(k) with 3% employer contribution and 6% employer match, vacation days, sick days, 13 paid holidays, parental leave, and volunteer leave, along with medical, dental, vision, and life insurance as further described at https://www.farmcreditfoundations.com/fcfbenefits/

• Professional development and career growth opportunities.

• Opportunity to work for a reputable and community‑focused financial institution dedicated to a positive, collaborative work environment that encompasses the association’s mission to serve our members and the agricultural industry as we strive to help farm families succeed

The Role

The Loan Process Specialist serves in the Field Operations Department and reports directly to a Regional Manager located in one of the regional offices. This role acts as the “Deal Champion” for loans and ensures timely and accurate processing of loans originated by Lending AVP/VP and RM. The Loan Process Specialist participates in several stages of the credit lifecycle for all relevant loans.

What You Will Contribute

• Serve as the primary support for loan applications by gathering, reviewing, and organizing required documentation and ensuring complete and accurate files for submission to Credit Services
• Assist with pre‑qualification activities by collecting member and prospect information, entering loan data into the loan origination system, and serving as the point of contact for loan‑related inquiries
• Process new and existing loans by completing required due diligence, reviewing loan documentation, coordinating with internal teams and external partners, and supporting loan closings
• Lead and support processing for real estate, FLCA, PCA, non‑traditional, and government‑related loans, including title work, collateral documentation, and funding activities
• Support loan closing, booking, and funding by reviewing documentation for accuracy, coordinating required filings, and submitting completed packages to internal custodians and accounting teams
• Provide ongoing member service by facilitating loan servicing requests, monitoring portfolio documentation, supporting cross‑sell opportunities, and assisting team members as needed
• Participate in training, projects, and committee work while upholding data security, confidentiality, and Association standards

What We Are Looking For

Required Skills

• General knowledge of accounting principles and credit processing procedures
• Strong organizational skills with the ability to gather, compile, and manage detailed information
• Effective problem‑solving, communication, and relationship‑building skills
• Ability to manage multiple tasks, adapt to changing priorities, and utilize technology to improve efficiency
• Ability to work collaboratively and maintain positive working relationships

Minimum Qualifications

• High school diploma and 3 years of related experience in finance, accounting, or general business or equivalent education, experience, and skillset sufficient to perform the essential functions of the role

Farm Credit Illinois is an Equal Employment / Affluent Action employer. We do not discriminate in hiring based on any characteristic protected by law.

If you need a reasonable accommodation during any part of the employment process, please contact [e-mail]. Requests will be reviewed on a case‑by‑case basis.