Note Specialist I

Royal Business Bank; Los Angeles (CA); On-site; USD 40,000 - 60,000; Full time

Benefits offered by this job

Medical insurance

Vision insurance

401(k)

Disability insurance

Job summary

Royal Business Bank in Los Angeles is seeking a Note Specialist to assist in loan activities and ensure compliance with regulations. The role involves responding to loan payment inquiries, processing advances, maintaining documentation, and generating reports.

Candidates must have an Associate degree and at least 1 year of relevant experience. The position offers benefits such as medical and vision insurance, 401(k), and disability insurance.

Qualifications

• At least 1 year of note experience.
• Ability to function in a high-volume environment.

Responsibilities

• Assist in performing Note functions on the Bank’s Loan Accounting System.
• Respond to loan payment related inquiries.
• Process advances of loans through crediting accounts.
• Monitor email requests for loan functions.
• Prepare daily and monthly reports.
• Scan and maintain documentation files.

Skills

Basic accounting concepts

Proficiency in Microsoft Office

Excellent interpersonal skills

Ability to meet deadlines

Organized and detail-oriented

Service and support attitude

Education

Associate degree in business or accounting

Job description

Under supervision, Note specialist follows established policies and procedures, assists in performing Note functions to accurately reflect loan activities on the Bank’s LAS (Loan Accounting System), and ensure to maintain required documents and collaterals. Also, Note specialist complies with all regulations which apply within the scope of the position, including Bank Secrecy Act.

DUTIES

Loan Payment Process:

• Response to calls and emails regarding to loan payments related issues by checks, mails, incoming wires, etc., including incoming/outgoing participation loan payments, sub-notes of C&I, CRE, CRA, Construction loans and WHLOC (Ware House Line of Credit).

Loan Advance Process:

• Process advances of WHLOC, & Construction loans etc. through crediting to account, issuing checks

Loan System Maintenance:

• Monitor all email request.

Daily & Monthly Report generation:

• Check and print daily Non-post transaction, rate change report, posted transaction on placed notes, & paid note statement.
• Monitor daily loan GL reconciliation.

Loan File Maintenance:

• Scan documentation files including recorded documents and title policy.
• Maintain physical/digital documentation files to comply with bank procedures and policies; and keep original Promissory note in Vault.
• Maintain FRB pledged loans files and FHLB pledged loans in Vault.
• Support Audit requests related to Note function.

Others:

• Organize and prepare file for audit by internal and external examiners
• Organize and scan all payment transactions
• Order monthly supply

QUALIFICATIONS

• EDUCATION: Associate degree in business or accounting or equivalent.
• EXPERIENCE: At least 1 year note experience

SKILLS/ABILITIES

• Basic accounting concepts and skills required.
• Proficiency in Microsoft Office products.
• Ability to establish priorities and meet deadlines is essential.
• Excellent interpersonal skills.
• Ability to function in a high-volume environment and within time constraints.
• Organized and detail-oriented with ability to function in a team and fast-paced environment.
• Demonstrate strong service and support oriented skills and attitude.

Applicants must be authorized to work in the United States without the need for visa sponsorship now or in the future.

WHY WORK FOR US?

Since opening our first branch in Los Angeles in 2008, Royal Business Bank (RBB) has grown rapidly by adding branches in Southern California, Nevada, New York, and Chicago. We offer a comprehensive and innovative suite of banking services for individuals and businesses. We have great benefits that include, but not limited to:

• Medical insurance
• Vision insurance
• 401(k)
• Disability insurance

Royal Business Bank may collect personal information from potential job candidates and applicants. For more information on how we handle personal information and your applicable rights, please review our Privacy Policies (GLBA Privacy Notice, California Consumer Privacy Act and Online Privacy) at our website www.royalbusinessbankusa.com. Royal Business Bank is an Equal Employment Opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, protected veteran status, disability status, sexual orientation, gender identity or expression, marital status, genetic information, or any other characteristic protected by law.