Job summary
Loan Assistants act in a supporting role to one or more Loan OfficersIncumbents in this position perform various support duties pertinent to meeting the needs of the Bank's customers and assisting their assigned Loan Officers with procuring new loan and deposit opportunitiesLoan Assistants work in a community-focused financial institution
Job seniority: entry level
Responsibilities
• Assist with the preparation and review of all account documentation pertinent to loans and deposits• Assist with due diligence/analysis of new client relationships• Assist with construction loan inspections and process loan disbursement requests• Prepare cashier's checks for borrowers when authorized by the Loan Officer• Obtain and update collateral valuations• Order and obtain environmental assessments on real estate collateral• Order Title Commitments and work closely with Title Companies and/or Borrowers to clear title exceptions• Order flood insurance determinations and review findings with the Loan Officer and/or Borrower• Request borrower credit reports• Prepare the Loan Worksheet for the Loan Officer's approval• Assemble required loan documentation in advance of loan closings• Submit closed loan packages to the Loan Center• Follow up with borrowers to obtain post-closing items• Work with Bank clients to update evidence of insurance• Track matured and past due loans• Maintain the tickler files to assure financial statements, tax returns, debt schedules, UCC filings, and insurance policies are current• Review commercial account activity and assist the Loan Officer with clearing issues on a regular basis• Correspond with Bank clients at the direction of Loan Officers or Bank Management• Set appointments for Loan Officers• Actively participate in training programs• Promote the bank's products and services• Represent the Bank in a manner that maintains and expands positive relations with all customers, prospects and Bank colleagues• Contribute to the fulfillment of department, company objectives, and goals• Comply with all Bank policies, procedures and regulations• Meet expectations for attendance and punctuality
Requirements
• Willingness to learn and a fundamental curiosity about loan documentation and portfolio management• Experience with bank loan and deposit systems preferred• Some accounting experience is preferred• Financial institution experience may be substituted• Demonstrated competency with Microsoft Office Suite• Detail oriented and analytical thinker• Strong organizational and problem solving skills• Ability to multitask in a dynamic environment• Effective verbal and written communication skills• Ability to work independently, as well as part of a cohesive team• Ability to meet bonding requirements for employment purposes
