Central Loan Processor IV - Lending Associate

First National Bank Alaska•Anchorage, AK

About The Position

First National Bank Alaska is hiring an experienced Central Loan Processor IV to provide technical and administrative support to one or more loan officers in a division or large branch. The role liaises with customers and processes and closes complex commercial loans with limited supervision. The minimum salary is $25.42 per hour; the offer may be commensurate with job level and experience. The schedule is Monday through Friday. The position may supervise lending support staff and assist with reviewing commercial loan documentation and training loan processors and management associates. It also carries responsibility for following bank policies, procedures, and applicable banking regulations, maintaining current compliance training, and protecting confidential information.

Requirements

Minimum qualification: a bachelor’s degree in business, accounting, finance, or a related field and one year of banking, real estate, commercial lending, or related experience; or three years of such experience; or an equivalent combination of education, training, and experience.
One year of customer service, mortgage lending, escrow, title insurance, loan servicing, or related experience.
Ability to keyboard 35 words per minute and operate a 10-key calculator by sight.
Familiarity with tax returns and financial reports.
Ability to work as a self-starter with only general supervision.
Ability to read, analyze, and interpret business periodicals, professional journals, technical procedures, and governmental regulations; write reports and business correspondence; assist with procedure manuals; and present information and respond to questions.
Ability to apply basic mathematical concepts, including fractions, percentages, ratios, and proportions, to practical situations.
Ability to define problems, collect data, establish facts, draw valid conclusions, and interpret technical instructions involving multiple variables.
Ability to meet the physical demands of the position, including sitting, using hands, reaching, and occasionally lifting or moving up to 25 pounds.

Nice To Haves

Bachelor’s degree in business, accounting, finance, or a related field plus two years of banking, real estate, commercial lending, or related experience; or four years of such experience; or an equivalent combination of education, training, and experience.
Windows-based word processing and spreadsheet skills.

Responsibilities

Assist loan officers with correspondence and the preparation of complex loan documentation and transaction information, including documentation for multilevel borrowing entities.
Act as a liaison between loan officers and borrowers to obtain financial, borrower, collateral, and other supporting documentation.
Review title, appraisal, environmental, and engineer reports, as-built surveys, and flood certifications to determine whether documentation satisfies bank procedures; report findings to the loan officer and assist with collateral evaluations or environmental reports as needed.
Confirm documentation or the relative priority of the bank’s security interest.
Process Lines of Credit and Construction Loan disbursement requests.
Obtain documentation required by investor or guarantee partners, including AIDEA, SBA, AHFC, and BIA, by interacting with investors, customers, and loan officers.
Review loan files, identify exceptions to bank policy or procedure, and prepare Loan Information Sheets for loan officer review and approval.
Review loan documents before closing with borrowers and confirm that they conform to the authorized transaction terms.
Assist the supervisor with review of commercial loan documentation preparation and train loan processors and management associates.
Perform other work-related duties as assigned by the supervisor.
Ensure compliance with bank policies, procedures, and banking regulations; complete required compliance training; stay current on relevant laws and regulations; and protect confidential information.
May supervise lending support staff, including training, planning and directing work, appraising performance, addressing complaints, and resolving problems.