Loan Specialist - 154

Sun Loan Company; Peoria (IL); On-site; USD 38,000 - 48,000; Full time

Job summary

Sun Loan Company is seeking a Loan Specialist to support the branch manager by ensuring efficient loan processing, accurate documentation, and regulatory compliance. You will handle applications, verify paperwork, and maintain quality control to mitigate risk.

You will also contact customers about payments, facilitate extensions when needed, and oversee loan administration in the manager's absence to keep the office productive.

Qualifications

• 1 year customer service experience in any field.
• 6 months collections experience is a plus.
• High School/GED preferred.
• Demonstrates a positive attitude, strong work ethic, and collaborative approach.
• Excellent communication, active listening, and persuasive sales skills.
• Strong organizational skills with multitasking and deadline focus.
• Proficient in basic math for analyzing data and calculations.

Responsibilities

• Persuade customers to pay due amounts or arrange payment by phone or mail.
• Close loans by explaining all loan requirements.
• Make collection calls on overdue accounts.
• Use company provided location services to locate past due customers.
• Ensure timely processing of applications by reviewing pending ones.
• Ensure continual account growth by selling loans to former and prospective customers.
• Sell ancillary products where applicable.
• Maintain all necessary forms and loan documents per guidelines and laws.
• Prepare copies of financial and legal documents as requested.
• Enter payments into loan management software.
• Maintain payment extensions and keep collection notes on account screens.

Skills

Customer service

Collections experience

Communication

Organizational skills

Attention to detail

Mathematical basics

Education

High School Diploma or GED

Job description

As aLoan Specialist, this position supports the branch manager in maintaining a profitable and well-managed office by ensuring efficient administration and compliance in loan processing. This role includes accurately processing loan applications, assembling and verifying loan documents, and handling all paperwork to maintain regulatory compliance. By diligently following organizational and regulatory guidelines, the Loan Specialist helps mitigate risk and avoid potential losses.

Responsibilities also include contacting customers regarding payment arrangements, facilitating loan extensions and modifications, and handling pay schedules as needed. In the manager's absence, this role oversees office operations to maintain continuity and productivity.

Job duties include:

• Attempts to persuade customers to pay the amount due or arrange for payment via phone, or mail. Identifies solutions for customers to refinance accounts and bring accounts current.
• Properly closes loans by ensuring all loan requirements are explained.
• Execute collection calls on overdue accounts.
• Uses company provided location services to locate past due customers.
• Ensures accurate and timely processing of applications by regularly reviewing pending applications and contacting prospective customers.
• Ensures continual account growth by selling loans to former and prospective customers.
• Sells ancillary products including taxes, referrals and car club (where applicable).
• Maintains all necessary forms and loan documents for accounts in accordance with company guidelines, federal and state law.
• Prepares copies of financial and legal documents as requested.
• Ensures accurate and timely processing of loans by providing accurate computer input and keeping customer information up to date.
• Enters payments into loan management software.
• Accommodates for payment extensions and properly maintains collection notes on account screens.

Requirements:

• 1 year Customer Service experience in any field
• 6 months Collections experience, a plus
• High School/GED preferred
• Demonstrates a positive attitude, strong work ethic, and a collaborative approach, contributing to a respectful and productive work environment.
• Excels in building and maintaining strong customer relationships, demonstrating excellent communication, active listening, and persuasive sales techniques to drive customer satisfaction and business growth.
• Strong organizational skills, with the ability to manage multiple tasks efficiently, prioritize responsibilities, and meet deadlines while maintaining attention to detail.
• Proficient in basic math skills, including addition, subtraction, multiplication, and division, with the ability to apply these skills to analyze data and perform calculations accurately.