Loan Operations Supervisor - To 125K - Oak Brook, IL - Job 3700

The Symicor Group•Oak Brook, IL

4d•$125,000•Onsite

About The Position

Loan Operations Supervisor – To $125K – Oak Brook, IL – Job # 3700 Who We Are The Symicor Group is a boutique talent acquisition firm based in Schaumburg, IL & Rockport, TX. Our nationally unique value proposition centers around providing the very best available banking and accounting talent. In fact, most of our recruiters are former bankers or accountants themselves! We know how to evaluate the very best banking and accounting talent available in the market. Whether you are a candidate seeking a new opportunity or a bank or company president trying to fill an essential position, The Symicor Group stands ready to deliver premium results for you. The Position Our bank client is seeking to fill a Loan Operations Supervisor role in the Oak Brook, IL area. The position is responsible for managing loan processing, preparation of loan documentation, lending files, collateral maintenance, records, reports, and loan compliance. Interacts with lending officers, credit department employees, and clients, resolves problems, manages staff, and ensures efficient department operation. An individual should be knowledgeable in both commercial and consumer loans, complex real estate transactions, as well as Small Business Administration (SBA) products and operational management. The opportunity has a generous salary of up to $125K plus generous incentives and a benefits package. (This is not a remote position.) Loan Operations Supervisor responsibilities include: Manages and staffs loan operations. Trains/coaches loan operations for efficiency and accuracy with loan documentation and/or process. Reviews loan application for SBA loan sales eligibility, processes SBA fee and assists loan servicing with monitoring of SBA loans. Reviews commercial documentation requests to ensure Bank policy and procedures will be followed and ensures proper approval is in hand prior to documenting loan. Obtains all insurance as appropriate, inclusive of flood determination and insurance when required. Quality Assurance of all loans uploaded. This includes reviewing loans for legal completeness, including proper documentation and proper filing with the various credit recording agencies including UCC filings, Mortgage filings, insurance filings, etc., as well as balance, rate, term and loan participations. Prepares and maintains commercial loan credit and collateral files online and hard copy according to specific loan requirements and bank policy. Maintains current working knowledge of lending compliance regulations, and legal lending requirements. Adheres to all Bank and compliance policies and procedures. Maintains procedures either independently or under direction of management. Works closely with all parties to resolve any issues and ensure a successful loan closing including engagement of bank counsel when necessary. Performs necessary internal audits of process such as life insurance policies – collateral log audit. Prepares monthly loan reports for lenders and management. Problem Resolution – Assists lenders in resolving issues related to loan documentation. Identifies and recommends new methods and procedures or revisions to existing procedures which will streamline processes or resolve problems and ensure customer satisfaction. System Updates. This includes preparing and updating all procedures related to loans and updating the computer system for changes in procedures. Prepares and/or maintains items necessary for both internal and external audits. Completes special projects assigned by Management. Participates in at least one CRA event yearly. Performs other related duties as assigned by management

Requirements

Bachelor’s degree required, however, industry experience may be taken into consideration.
Eight or more years’ experience in banking, with four or more years Loan Operations management experience.
Excellent oral and written communication skills required to establish goals, direct and evaluate staff; interact with employees, industry peers, and outside vendors; make recommendations; prepare reports; and conduct presentations.
Tactical as well as strategic thinker, with excellent leadership skills.
Excellent organization, project management, execution, and delivery skills.
Must be able to multi-task with frequent interruptions; be comfortable in a fast-paced, changing environment; and manage multiple projects to a conclusion on time.
Comfortable with metrics-based performance, including the ability to meet critical deadlines.
Thorough knowledge of state, federal, and regulatory requirements related to consumer and commercial loan doc preparation, processing, documentation perfection, and the reporting standards for those loans.
MS Word/Excel/PowerPoint/Outlook.
Ability to remain flexible and withstand unpredictable changes to schedules and deadlines.
Strong analytical and technical skills.

Responsibilities

Manages and staffs loan operations.
Trains/coaches loan operations for efficiency and accuracy with loan documentation and/or process.
Reviews loan application for SBA loan sales eligibility, processes SBA fee and assists loan servicing with monitoring of SBA loans.
Reviews commercial documentation requests to ensure Bank policy and procedures will be followed and ensures proper approval is in hand prior to documenting loan.
Obtains all insurance as appropriate, inclusive of flood determination and insurance when required.
Quality Assurance of all loans uploaded. This includes reviewing loans for legal completeness, including proper documentation and proper filing with the various credit recording agencies including UCC filings, Mortgage filings, insurance filings, etc., as well as balance, rate, term and loan participations.
Prepares and maintains commercial loan credit and collateral files online and hard copy according to specific loan requirements and bank policy.
Maintains current working knowledge of lending compliance regulations, and legal lending requirements.
Adheres to all Bank and compliance policies and procedures.
Maintains procedures either independently or under direction of management.
Works closely with all parties to resolve any issues and ensure a successful loan closing including engagement of bank counsel when necessary.
Performs necessary internal audits of process such as life insurance policies – collateral log audit.
Prepares monthly loan reports for lenders and management.
Problem Resolution – Assists lenders in resolving issues related to loan documentation.
Identifies and recommends new methods and procedures or revisions to existing procedures which will streamline processes or resolve problems and ensure customer satisfaction.
System Updates. This includes preparing and updating all procedures related to loans and updating the computer system for changes in procedures.
Prepares and/or maintains items necessary for both internal and external audits.
Completes special projects assigned by Management.
Participates in at least one CRA event yearly.
Performs other related duties as assigned by management