Business Loan Operations Boarding Specialist

Timely and accurately complete the daily functions associated with booking new, renewed, and modified loans to the appropriate loan accounting system.

Firstrust Bank is an Affirmative Action Contractor and is an Equal Opportunity Employer.

Minority/Female/Disabled/Veteran

1. Assist in the development of new business for Firstrust. Is alert to expressed customer/prospect needs to suggest appropriate services. Directs customers to the appropriate person to open account. Actively sells and promotes corporate products to potential and existing customers. Possesses knowledge of corporate products and services to suggest products.
2. Accurately and efficiently, board Commercial Loans, Business Banking Loans, Corporate Syndicated Loans, Real Estate Loans, Construction Loans, Small Business Administration Loans, Letters of Credit, and Consumer Loans to the appropriate core loan accounting system.
3. Interpret complex commercial loan documentation which can include, Commercial Mortgage Notes, Loan Agreements, and Participation agreements, to ensure accurate onboarding to the core loan accounting system.
4. Onboard & Fund new loans, renewed loans, and modified loans upon proper approval.
5. For SBA Loans, accurately boards new loan and renewal information into SBA loan accounting system including collateral and insurance records.
6. Responsible accurate posting of all loan fees to loan accounting system.
7. Responsible for setting up all collateral and insurance records in the proper loan accounting system.
8. Adhere to the agreed upon SLA’s from Quality Control team for loan boarding questions and errors.
9. Participate in testing of boarding processes in loan accounting systems during annual releases and system upgrades.
10. Maintain a basic knowledge of the various core systems to understand the impact various field values.
11. Perform various departmental administrative tasks, such as filing and maintaining storage records.
12. Assist with other tasks as assigned by departmental manager.

While performing the essential functions of this position, the employee may be required to ascend/descend stairs and work atop a small ladder to store and retrieve files.  The employee will need to position self to lift up to 20 pounds of materials for file maintenance.   The worker sits most of the time; however, some amount of mobility is necessary to accomplish tasks.  The ability to communicate and exchange information verbally and written is required.  The incumbent will operate a computer terminal and phone with repetitive motion, while analyzing or preparing data.  Temperature changes may occur during the workday in the office setting. 

• College degree in a business or accounting degree preferred
• 1-3  year experience in a Business Loan Operations environment
• SBA,  ABL or Commercial Loan Operations experience a plus
• Possess strong work habits, attention to detail and ability to work on a team
• Possess a demonstrated commitment to quality service
• Knowledgeable with MS Word and MS Excel. Experience with entire MS Office Suite helpful.
• Detail oriented
• Strong organizational and accounting skills
• Ability to multi-task with an excellent degree of versatility and flexibility