Specialized Lending Processor

POSITION: SPECIALIZED LENDING PROCESSOR

FLSA STATUS: Non-Exempt      

 

SUMMARY:  

The Specialized Lending Processor works closely with the Loan Servicing and Commercial Loan Origination teams to ensure timely and accurate handling of all specialized loans including but not limited to syndicated C&I loans, purchased participation loans, sold participation loans, general ledger account reconciliations, specialized posting, and SWAP payment processing. 

 

ESSENTIAL JOB FUNCTIONS:

• Reviews and releases billing statements on SWAP loans and ensures proper posting of SWAP loan payments

• Reviews various department reports and exception reports to ensure loans and participants are accurately set up within the servicing system

• Accurately performs the required functions when a loan is sold which includes creating forms and participation review

• Reviews and reconciles remittance amounts due to the Investors Purchased Participation Loans

• Review notices from the lead banks/agents on participation loans and syndicated loans

• Prepare posting sheets for payments and advances

• Assists with payment processing of participation and syndicated loans

• Reconcile any difference in balances from the lead back and Carter Bank & Trust General Ledger Reconciliations

• Reviews various Loan Operations and Loan Servicing general ledger accounts to ensure that outstanding items are cleared in a timely manner

• Monitors the submission of general ledger reconciliation that Loan Operations and Loan Servicing are responsible for and ensures timely completion per the Bank's guidelines

• Perform high volume, fast paced, and time sensitive tasks related to loan documentation which may include research and problem solving to minimize risk to ensure organizational SLAs are met

• Looks for and identifies processes that enhance performance and workflow efficiencies

• Promotes a service culture while motivating, coaching and mentoring staff to develop a “best in class” operations support

 

JOB REQUIREMENTS:

• High school diploma or equivalent

• Prior lending, loan processing, or loan servicing experience preferred

• Prior client facing experience is beneficial.

 

KNOWLEDGE/SKILLS REQUIRED:

• Strong knowledge of commercial lending policy, procedures, and loan documentation

• Attention to detail with strong problem solving, organizational, and pipeline management skills

• Ability to work remotely, independently, and maintain a strong working relationship with internal team, internal partnerships, and across the organization

• Proactive with the ability to re-prioritize and adapt to changing deadlines

• Excellent customer service skills

• Working knowledge in Microsoft Office

 

PHYSICAL AND MENTAL QUALIFICATIONS:

• Ability to lift up to 10 lbs.

• Occasional standing, walking, bending, and stooping required.

• Must be able to sit at a desk for long periods of time and use a computer.