Bankers Trust - Des Moines, IA

posted 8 days ago

Full-time - Entry Level
Hybrid - Des Moines, IA
Securities, Commodity Contracts, and Other Financial Investments and Related Activities

About the position

The Commercial Loan Operations (CLO) Specialist supports the Commercial Lending Department by performing operational duties, which include, but are not limited to, processing payment and advance transactions, sending and approving wires, and booking new notes, renewals, and changes in terms. The CLO Specialist I books commercial loans onto the core system and performs system maintenance as needed.

Responsibilities

  • Processes all bank owned non-parted and purchased loans, booking new notes, renewals, and changes in terms
  • Reviews and interprets loan variables to ensure proper payment and advances requests on all commercial loans
  • Approves and sends wires and ACH transactions
  • Upholds the Swap loan process from loan booking, payment processing, billing reviews, and fee payments
  • Reviews maintenance crosscheck, ticklers, late fees paid, and past due reports
  • Navigates the core system and codes loan bookings and payment processing; understands the correlation and process of all coding entered into the core system for each type of commercial loan
  • Develops effective working relationships with peers in all commercial lending departments to enhance level of service and customer experience
  • Identifies cross-functional dependencies by shadowing other teams to understand how their work directly or indirectly impacts the Operations team
  • Performs other duties as assigned

Requirements

  • High school diploma or GED preferred
  • At least one year of previous loan operations experience is required
  • Two-year post-secondary degree/specialized study preferred OR an equivalent combination of education and experience for CLO Specialist II
  • Associates degree in business or related field is preferred for CLO Specialist II
  • At least three years of previous loan operations experience required for CLO Specialist II

Nice-to-haves

  • Knowledge of Commercial and Commercial Real Estate loan documentation and processing
  • Knowledge and understanding of loan transactions
  • Knowledge of syndicated and participated loans
  • Knowledge of FIS processing system or other related system
  • Knowledge of commercial loan origination system, preferably Sageworks

Benefits

  • Group Health, Dental, and Vision Insurance
  • Generous Paid Time Off (PTO)
  • Volunteer Time Off (VTO)
  • 401(k) plan with lucrative company match
  • Tuition assistance
  • Company Paid Life Insurance
  • Paid Parental Leave
  • Lifestyle Accounts that provide employees with reimbursement for the things that are most important to them such as childcare, student loan payments, gym memberships, pet insurance and much more.
  • Team Member Banking - a suite of products and services with special benefits for employees
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