Loan Documentation Specialist

United Bankers' Bank • Richfield, MN

22h • Hybrid

About The Position

United Bankers' Bank (UBB) is seeking a Loan Documentation Specialist to be the backbone of their documentation process. This role involves preparing, generating, and tracking loan packages, ensuring seamless integration with accounting systems. The ideal candidate will thrive in a fast-paced environment where accuracy is paramount and enjoy the complexities of collateral tracking and loan history management. This position is based in the Twin Cities with a hybrid work option after the initial training period, requiring 3 days per week in the office (Tuesday-Thursday).

Requirements

• Associate’s degree in Accounting or related field
• 1 - 2 years of loan documentation experience, specifically with Loan documentation generation/creation.
• AS400/Loan System experience preferred
• Excellent attention-to-detail
• Strong interpersonal skills, to include the ability to communicate with all levels of employees throughout the organization and outside of the organization
• Microsoft Office (Word, Teams and Excel)
• Excellent written and verbal communication skills
• Problem solving skills
• Strong ability to work on multiple tasks/priorities and meet deadlines
• Knowledge in credit file setup and organization, loan documentation review and follow up, and exception tracking software utilization

Nice To Haves

• Commercial loan documentation experience preferred; UBB does not originate Mortgage loans

Responsibilities

• Prepares/Generates new loan documentation, including promissory notes, security agreements, limited/unlimited guarantees, and participation agreements/renewals/extensions/modifications.
• Prepares correspondence to accompany mailed loan documents.
• Creates new loan files/folders and working files for pending documents.
• Enters collateral and insurance information, and sets up pending collateral documents in Sageworks/Abrigo system to track collateral and ensure final documentation copies are obtained.
• Boards/Enters loans onto Jack Henry AS400/Loan system, ensuring correct setup according to note terms.
• Tracks original loan documents.
• Monitors Paid Loan History Records to determine status and collateral needs.
• Monitors weekly FF and Libor rates, along with Senior Documentation position, and sends notices of changes to the Loan department.
• Maintains a list of contact names and sends requests to add branch locations and team requests to add loans to secure file transfer.
• Maintains collateral safekeeping records, issues collateral receipts for new stock certificates, and returns collateral receipts/certificates for released stocks.
• Maintains original note and safekeeping drawers, performing yearly audits of each with the Senior Documentation position.
• Facilitates running monthly system reports.
• May serve as backup for loan payments/advance requests for coverage.
• Completes maintenance and tracking of Construction loans.
• Completes monitoring and tracking of Real Estate property tax information.

Benefits

• Health, dental, and vision insurance
• Company paid disability and life insurance
• Company paid ID Theft & Credit Monitoring services
• Generous PTO plus 12 paid holidays and additional time off to volunteer in their community
• Up to 4% in employer 401(k) contributions

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree