Loan Disbursement Processor - Loan Operations

JOB DESCRIPTION:  LOAN DISBURSEMENTS PROCESSOR

DIVISION:                     LOAN OPERATIONS

WAGE CLASSIFICATION:   7

REPORTS TO:  SUPERVISOR OF LOAN OPERATIONS           

SUPERVISES:  Has No Supervisory Responsibilities

JOB SUMMARY

Disburses funds on loans by either processing Cashier's Check or Deposit to customer's account.  Make entries and processes all tickets on disbursements. Verifies all imaged documents to loan accounts for accuracy. Prepare and mail customer coupon books. Assist Supervisor, Loan Officers and Customers as needed.

ESSENTIAL PERFORMANCE SKILLS, DUTIES AND RESPONSIBILITIES:

• Morning Balancing Duties:             
  • Balance interest surcharge and processing fees account to general ledger
  • Handle Return Mail
  • Balancing Origination and FASB fees accounts back to general ledger
  • Handling of 18% interest rate changes

• Figure Billing for coupon books and balance to NCP billing each month
• Verify and balance billing from NCP each month. (Coupon books mailed by High Cotton)
  • NCP Client #072874
  • NCP Client #072876
  • NCP Client #072875

• Write Up All New Loans

• Check loan for customer's signature and loan officer's initials.
• Make sure source of disbursement of funds is listed on loan.
• Make entries to pay off renewal loans needing new numbers
• Write up new loan debits and credits
  • Verify payment keypunch journal each afternoon for accuracy
  • Disburse funds on loans
  • Verification of all loan document images for accuracy relating to Consumer and Commercial Real Estate Loans.

• Insurance Policies
• File Maintenance
• Master Note Draws
• Exception Loans
• Deleted Loan with errors
• Financial Statements (as part of new loan request)
• Officers Comments to Financial Statement Analysis
• Paid Out Loan Documents
• Key Punch Tickets
• Miscellaneous Loan Documents
  • Preparation of monthly Loan Committee Reports
  • Prepare quarterly Call Report schedule
  • Assist loan officers, loan processors, and tellers with any loan inquiry
  • Telephone assistance to customers concerning loan information
  • Miscellaneous to loan officers       
  • Recommend changes to update job procedures.
  • Pick up loan work from Main Office and Mortgage Dept.
  • Back up:   See individual Job Descriptions for details

• Paid Out/Payment Loan Processor
• Loan Input Processor
• Loan Imaging Processors
•  Loan Operations Supervisor
  • Other duties as may be requested from time to time.

ESSENTIAL TECHNICAL SKILLS, QUALIFICATIONS

                                                KNOWLEDGE AND ABILITIES REQUIRED:

• Ability to communicate with others in a warm and helpful manner.
• Listen well and clearly present information through the spoken word.
• Ability to relate to routine operations in a manner that is consistent with established policies and procedures.
• Ability to be attentive to all aspects of the environment while working; to monitor environment during routine activity.
• Requires the ability to use a systematic approach in solving problems through analysis of problem and evaluation of alternate solutions; use logic, mathematics, or other problem solving tools in data analysis or in generating solutions.
• Ability to write clearly and effectively, present ideas and to document activities; to read and interpret written information.
• Regular and predictable attendance.  The ability to come to work. 
• Ability to work in a cooperative manner with department/division heads, supervisor, co-workers and others in the office.
• Ability to work in constant state of alertness and in safe manner.
• Ability to follow policies, procedures and rules of AuburnBank.

SKILLS REQUIRED:

• Requires extended periods of sitting.
• Requires eye-hand coordination and manual dexterity.
• Requires the ability to access, input and retrieve information from the computer.
• Requires the use of office equipment, such as, computer terminals, telephones, copiers and printers.
• Requires transporting files ranging up to 25 lbs.
• Requires answering telephones for lengthy time periods.
• Requires typing skills.
• Requires the ability to work closely with people.
• Requires working long periods of time between breaks and meals.
• Requires being able to work under stressful conditions.
• Requires corrected vision and hearing to normal range.
• Requires the ability to respond to customer request.
• Requires the ability to distinguish letters and symbols.
• Ability and willingness to maintain strict confidentiality.
• Must work days and hours necessary to perform all assigned responsibilities and tasks. Must be available (especially during regular business hours) to communicate with supervisor, coworkers, customers, vendors and other persons in organization with whom interaction is required to accomplish work and project goals.

EDUCATION OR EQUIVALENT:

• Requires a high school diploma or GED equivalent.
• 1 year of banking or related experience required.

ORGANIZATION

Has an inherit duty and responsibility to make recommendations to supervisor concerning possible methods to improve department.

FINANCES

Has the responsibility to make recommendations to supervisor concerning the budgetary needs of the department.

RELATIONSHIPS

1.  Responsible to the Supervisor of Loan Operations and the Vice President of Loan Operations    for the fulfillment of their functions, responsibilities, and authority and for their proper interpretation.

2.  Will have extensive contact with customers and the public, and is to conduct relationships in a manner that will enhance the overall marketing effort of the Bank.

3.  Will be called upon from time to time to participate with community organizations and in community projects.

• Requires a high school diploma or GED equivalent.
• 1 year of banking or related experience required.