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Loan Administrator Full-time

at Arbor Bank Nebraska in Nebraska (Published at 28-07-2022)

Title: Loan Administrator - Commercial & Agricultural

Reports to: Loan Administration Manager

Position Type: Hourly, non-exempt

Hours: Monday ? Friday, 8 am. ? 5 p.m.

Location: Omaha, NE (hybrid - work at home opportunity after training period)

Summary Description:
Loan Administrator Agricultural & Commercial is responsible for all aspects of pre-closing including: all necessary due diligence and documentation preparation. Needs to be familiar with standard concepts, practices and procedures of lending including, but not limited to, loan accounting, loan file maintenance, compliance, business entity structure, law and underwriting. Requirements for an agricultural and commercial loan administrator include good organizational skills, attention to detail, and the ability to communicate clearly and effectively to clients and employees as well as solve problems in a timely manner.

MAJOR RESPONSIBILITIES/JOB DUTIES:

  • Loan document preparation for all different types of loan, ensuring all the procedures are carried out effectively and within the given deadline
  • To work in coordination with various officers, attorneys and other third-party personnel and ensure that the loan transactions are carried out within the assigned parameters of the bank?s loan policy
  • To obtain, order, and analyze all the pertinent documentation and to carry out the verification of moderate to complex loan transactions
  • To provide valuable assistance in reviewing, preparing, and maintaining various credit files and to follow up on outstanding items
  • To process advances and disbursements as well as to be involved in preparation of the payoff letters
  • To review the closing documentation to ensure that the term and structure of the loans are in conformance with the policies of the bank.
  • Loan admin may be involved in periodic audits and works with external as well as internal parties to ensure the receipt of the vital loan documents and its final disposition.
  • Loan admin will review due diligence documents including but not limited to purchase contracts, entity documents, lease agreements, UCC searches and title and insurance policies.
  • Responsible for safekeeping of original notes and collateral
  • Maintains and manages the loan exception list to perfect collateral, update taxes and insurance, and ensure all file items are current
  • Process adverse action and withdrawn files, including sending out declination letters and filling out adverse action forms
  • Add HMDA info as needed
  • Maintain tickler system, including creation of and regular monitoring of ticklers
  • Process loan payments and payoffs
  • Responsible for release of collateral and closing of loans upon payoff
  • Communicates with Loan officers about discrepancies, customer issues, outstanding ticklers, etc.
  • Special projects and other duties as assigned or needed

REQUIREMENTS:

  • Needs to be familiar with standard concepts, practices and procedures of lending including, but not limited to, loan accounting, loan file maintenance, compliance, business entity structure, law and underwriting
  • Minimum of 2 years? experience preparing loan documents for agricultural and commercial credits
  • Ability to work independently
  • Ability to handle multiple tasks and prioritize activities
  • Ability to communicate with external customers and internal employees in a professional manner

Additional eligibility qualifications

  • Experience with Microsoft Office products including Word, Excel, and Outlook.

Work environment?

  • No adverse environmental conditions expected.

Physical demands?

  • Sedentary work that primarily involves sitting/standing.
  • Remaining in a stationary position, often standing or sitting for prolonged periods.
  • Communicating with others to exchange information.
  • Repeating motions that may include the wrists, hands and/or fingers.
  • Assessing the accuracy, neatness and thoroughness of the work assigned.

Travel?none

Affirmative action plan/equal employment opportunity (AAP/EEO) statement? Arbor Bank maintains a policy of non-discrimination with employees and applicants for employment. No aspect of employment with us will be influenced in any manner by race, color, religion, sex, age, national origin, marital status, disability or any other basis protected by applicable law. We also believe in the principles of the Americans With Disabilities Act (ADA). ADA prohibits employers from unlawfully discriminating against employees or job applicants with disabilities when making employment decisions. We will provide reasonable accommodation to otherwise qualified disabled employees or applicants. If you are unable to submit an application because of incompatible assistive technology or a disability, please contact us.

www.ArborBanking.com

Job Type: Full-time

Benefits:

  • 401(k)
  • 401(k) matching
  • Dental insurance
  • Employee assistance program
  • Flexible schedule
  • Flexible spending account
  • Health insurance
  • Health savings account
  • Life insurance
  • Paid time off
  • Referral program
  • Retirement plan
  • Vision insurance

Physical Setting:

  • Office

Schedule:

  • 8 hour shift

Ability to commute/relocate:

  • Omaha, NE 68130: Reliably commute or planning to relocate before starting work (Required)

Experience:

  • Banking: 2 years (Preferred)
  • Loan Document Preparation: 2 years (Preferred)
  • loan file maintenance: 2 years (Preferred)
  • loan accounting: 2 years (Preferred)

Work Location: One location



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