Business Loan Processor/Senior

We are Farmers!
We are... more than just your favorite commercials. At Farmers, we strive to deliver peace of mind to our customers by providing protection and comprehensive advice and delivering in the moments of truth. That means having people who can help us meet changing customer and business needs. Farmers high-performance culture is focused on results and the people who achieve them. We hold ourselves and others accountable for sustainably growing the business and each other. We seek solutions, own our actions, and grow through discomfort. We see setbacks as opportunities while continuously asking ourselves how we impact our customers.
Farmers is an award winning, equal opportunity employer, committed to the strength of a diverse workforce. We are dedicated to supporting the well-being of our people through our extensive suite of benefits, as well as the well-being of the communities we serve through employee volunteer programs and nonprofit partnerships. Helping others in their time of need isn't just our business - it's our culture! To learn more about our high-performance culture and open opportunities, check out www.Farmers.com/careers/corporate and be sure to follow us on Instagram, LinkedIn, and TikTok.
Workplace: On-site ( #LI-Onsite )
Job Summary

• This position is responsible for the detailed loan processing and disbursement and/or funding of all Business Loans.
• This includes the Agency Acquisition Loans, Agency Secured Loans for Acquisition purposes, Agency Acquisition Conversions, Family Rights Transfers, Policy Purchase Loans and a myriad of loans made to Business accounts.

Essential Job Functions

• Processes new Business Loan requests, complex in nature, for Agency Acquisition Loan and AAL Conversions.
• Complex loans may involve multiple buyers or multiple sellers therefore increasing the complexities and intricacies of the process.
• The process includes contacting multiple applicants, obtaining a multitude of verification documents for the Acquisition, and is primary the point of contact for the member/s (buyers and sellers) from the submission of an application until is is assigned to a Business Loan officer.
• Performs the booking/funding and disposition of approved Business Loans.
• This includes verifying signed loan disclosures for accuracy and completion, processing the disbursement of loans to ensure proper funds have been allocated to the necessary general ledger accounts, member accounts or that necessary checks have been properly issued.
• Task completion for Uniform Commercial Code and Folio along with other necessary servicing requests must be completed during the process as well.
• Trains co-workers and provides guidance and support in understanding specialized agency products.
• Serves as the subject matter expert on consumer or Business Loan requests by assisting loan processors, consumer loan officers, or other key stakeholders within the Credit Union.
• Assist members with inquiries via email and phone.
• Requests may encompass all loan products offered by the Credit Union including AAL or conversions.
• Performs other job duties as assigned.

Education Requirements

• High School Diploma or equivalent required.

Experience Requirements
Candidate qualifications may be reviewed against the requirements for the associated levels of this position's core function. Salary grade will be based on selected candidate's experience and skills.

• Business Loan Processor
  • Two years experience in a financial institution required.
  • One year of experience in consumer loan processing required.
  • One year of experience in a Business Loan processing environment preferred.
• Senior Business Loan Processor
  • Three years experience in a financial institution required.
  • Two years of experience in consumer loan processing required.
  • Two years of experience in a Business Loan processing environment required.

Physical Actions

• This role, whether performed virtually or in an office setting, will include normal and customary distractions, noise, and interruptions.
• Sits or stands for extended periods of time, up to a full work shift.
• Occasionally reaches overhead and below the knees, including bending, twisting, pulling, and stooping.
• Occasionally moves, lifts, carries, and places objects and supplies weighing 0-10 pounds without assistance.
• Listens to, interprets, and differentiates auditory information (example others speaking) at normal speaking levels with or without correction.
• Visually verifies and reads information.
• Visually locates material, resources and other objects.
• Ability to continuously operate a computer for extended periods of time, up to a full work shift.
• Physical dexterity sufficient to use hands, arms, and shoulders repetitively to operate keyboard and other office equipment up to a full work shift.

Benefits

• Farmers offers a competitive salary commensurate with experience, qualifications and location.
  o CA Only: $25.04 - $36.20
• Bonus Opportunity (based on Company and Individual Performance)
• 401(k)
• Medical
• Dental
• Vision
• Health Savings and Flexible Spending Accounts
• Life Insurance
• Paid Time Off
• Paid Parental Leave
• Tuition Assistance
• For more information, review "What we offer" on https://www.farmers.com/careers/corporate/#offer

Job Location(s): US - CA - Burbank, US - TX - Round Rock
Want to learn more about our culture & opportunities? Check out www.Farmers.com/careers/corporate and be sure to follow us on Instagram, LinkedIn, and TikTok.