Unposted/Swap Associate

Centier Bank•Merrillville, IN

12d•Hybrid

About The Position

This team will be responsible for completing various financial processing tasks, including commercial loan payments, wire transfers, and loan servicing corrections. The position requires independent thinking, research skills, and careful handling of SWAP and Participation items that impact the bank, clients, and investors. The role involves significant communication with both internal departments (e.g., Loan Officers, Workout Department) and external clients (borrowers, participation banks, vendors). The Associate will handle routine tasks following established procedures and may occasionally take on non-standard assignments, with a rotating task list shared with a Specialist.

Requirements

Basic analytical thinking skills to complete a diverse set of tasks that are moderately complex- such as loan processing corrections, which entail high level recalculations.
Decision making skills- must be able to demonstrate initiative and use good judgement to make decisions that protect the Bank’s best interest while being regulatory compliant to the client.
Proficiency at Microsoft Office- Word, Excel, Outlook, Team’s, SharePoint, OneNote.
Ability to use office equipment, copier, fax, calculator, etc.
Effective written/verbal communication skills.
Highly detailed & exceptional follow-through to ensure all tasks are completed.
Ability to work with limited supervision.
High School Diploma.
1 year of Loan Servicing experience.
Internal pay level 6.

Responsibilities

Daily Commercial Loans – Ensure commercial loan payments and incoming wire payments are posted correctly, with interest paid current and due dates rolling appropriately.
Verify loan balances and undisbursed amounts to post commercial draws.
Review the report for Commercial lines of credit paid to zero, to determine whether the line should remain open to further draws or be closed.
Unposted Payment Transactions – Research reasons for DDA, CL, IL, ML, and RC Unposteds and properly process in core.
Home Equity Lines of Credit (HELOC) – Monitor HELOC draws/advances to protect the Bank from monetary loss.
Regular Payment & Payoff Postings – Notify branch managers of teller posting issues.
Monitor the participation_group email for payment corrections.
Process incoming wire payments/payoffs for Commercial loans and forward any incoming wires to payment group for mortgage and consumer loans.
Work with Consumer Loan Workout for any mis-postings and make corrections when necessary.
Clear any outstanding items being carried in the loan suspense GL’s.
Post payments, wires, and send out wires.
Process miscellaneous input requests for payments and file maintenance to loans.
Participation Loans (Special Commercial Loans) – Monitor payments posted and draw funds are wired in for CL Participation Bought Loans.
Ensure wire payments to participating banks are sent in a timely manner for CL Participation Sold Loans.
Monthly - Commercial Loan - SWAP payment posting.
Monthly - Commercial Loan - SWAP notice creation & mailing.
Process Consumer Loan Workout Bankruptcy & Forbearance Payment postings.
Annually process stop payments and reissue official checks as part of the Escheatment process.