Loan Operations Specialist

Pacific National Bank•Miami, FL

1d•Onsite

About The Position

This person is responsible for performing the administrative functions of loan operations. This includes input into the Bank’s Loan Accounting System of new loans, payment processing and general maintenance, including processing general ledger entries. From time to time, this individual will be called upon by the Loan Operations Manager to assist in various projects and/or assignments within the Loan Operations Department.

Requirements

Associate Degree or five (5) years related experience in Banking and/or Bank Operations/Loan Operations in a commercial bank or equivalent combination of education and experience desirable.
Good interpersonal skills.
Proven problem-solving abilities.
Ability to effectively collaborate with others.
Ability to accept challenging assignments.
Ability to work under pressure.
Ability to follow policies and procedures guidelines.
Ability to work unsupervised and accomplish tasks accurately and on a timely basis.
Ability to prioritize work.
Strong organization skills.
Knowledge and ability to work with Microsoft Word, and Excel.

Responsibilities

Open new loan accounts within the Loan Accounting System and process corresponding funding entries or prepare disbursement documentation if funding by wire transfer, if applicable. Make copies of required documents to maintain in the daily work file, filed by customer name, or within the appropriate loan file in the Bank’s documentation imaging system. Set the required tickler depending on the type of loan and collateral(s).
Process loan payments upon receipt of checks, incoming wire transfers or authorization to debit an account. Remit payments on loan participations sold. Process payments and settlement remittances (incoming and outgoing) on loans with rate protection agreements (SWAPs).
Collateral setup within the Loan Accounting System.
Process loan renewals, extensions and/or modifications in addition to other loan level maintenance within the Loan Accounting System.
Process revolving and non-revolving draw requests; review and mail daily billing and rate change notices.
Prepare periodic escrow disbursements for real estate loans, including the preparation of official checks, if necessary. Annual escrow analysis (both test phase and live processing.)
Prepare official checks to third-parties on loan-related expenses (e.g., appraisal fees, recording fees, environmental audit fees, inspection fees, etc.)
Process loan safekeeping documentation, including file preparation for documents kept under dual control.
Daily verification of un-posted and loan reconciliations.
New Credit Card entry and post daily general ledger accounting entries.
Prepare daily and/or month-end reconciliations for general ledger loan accounts, loans in process account, and various other loan related accounts.
Prepare monthly reporting and remittance under SBA Form 1502.
Prepare credit reference letters and/or provide responses to credit verification requests and audit confirmations.
Scan and index documentation within the appropriate loan file in the Bank’s loan documentation imaging system.
Strict adherence to the Bank’s written policies and procedures including compliance with all applicable banking laws and regulations.
It is also incumbent on all staff members to adhere to PNB's Information Security guidelines & Cyber Security Program guidelines and policies. These guidelines and policies are designed to protect the privacy and safeguard the financial information of our customers. Willful noncompliance may result in disciplinary action to include termination of employment.
Organization and storage of working files after loans are paid off.
Executes other duties and projects as assigned by the Loan Operation Manager.