Commercial Loan Processor

The First Bank and Trust Company is looking for a Commercial Loan Processor to support our lenders in Morristown area at the Morristown Loan Production Office.

POSITION SUMMARY: This position is responsible for providing administrative and secretarial support to senior commercial loan officers or designate loan officers. The individual will process commercial loans which will include obtaining information from customer, composing correspondence, organizing files and maintain and scanning the commercial loan files. This position requires a variety of banking experience and abilities to implement, manage, and monitor all necessary procedures and other tasks assigned.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• The go to person if the designated Commercial Loan Officer is out of the office or unavailable.
• Communicates directly with commercial loan customer to obtain the necessary information to get the loan completed.
• Directly supports the SVP/Commercial Loan Officer or designated Commercial Loan Officer(s).
• Assist Senior Loan Processor with Loan Reviews as necessary.
• Maintains confidentiality in all aspects of customer and company information.
• Performs general clerical duties, including but not limited to mailing, filings, copying and faxing.
• Provides dependability to support particular loan officer responsibilities.
• Composition of correspondence and organization and maintenance of commercial file system.
• Assistance to loan officer in preparing loan packages and loan commitment letters including obtaining credit reports and order appraisals.
• Creates and maintains organized loan files.
• Create, generate and modify all proper loan documents completely pre-closing and post-closing correctly with quality as best as possible; including UCC filings using CT Lien Solutions and as designated by Bank Officer.
• Coordinates real estate closings between attorney and customer, verifies insurance and attends real estate closings if requested by loan officer.
• Interact with customers including providing ongoing communication to client to ensure that the loan process runs smoothly.
• Visiting outside bank to commercial customer’s office to obtain necessary bank and loan documents, signatures, payments and other data providing exceptional customer service.
• Process declined and withdrawn loan files.
• Assist lender with past due loans - generates & distributes past due loan reports.
• File and distribute organization and loan correspondence, records and reports to proper file location.
• Prepare responses to correspondence containing routine inquiries and payoffs.
• Provide cashier’s check signings to a specified limit as needed.
• Generate wire transfer documentation and process.
• Prepare correspondence and handle customer inquiries and provide information including resolving loan payment/billing questions and payoffs.
• Communicate and process payoffs including release of UCC filings and Certificates of Satisfaction.
• Track and monitor loan exceptions and rectify.
• Assists in special events or projects and represent the bank at community events as needed.
• Refer customers to bank area for information regarding other bank products.
• Other duties as required by commercial lender or SVP.

MINIMUM EDUCATION AND EXPERIENCE:

• Bachelor’s Degree - Accounting, Business and/or Finance
• Work Experience may be considered in lieu of a Bachelor’s Degree
• Five or more years of Loan Processing Experience

MINIMUM SKILLS AND ABILITIES:

• Excellent verbal and written communication skills
• Microsoft Word and Excel
• Strong financial/accounting background
• Math and analytical skills

BENEFITS:

• Medical, Dental and Vision Insurance
• 401K/ESOP Plan
• Life Insurance
• Flexible Spending Accounts
• Long Term Disability Insurance
• AFLAC Group Policies (Accident, Hospital & Critical Illness)
• AFLAC Individual Policies (Short Term Disability & Cancer)
• Leave - Vacation, Sick, Marriage and Bereavement

COMPLIANCE: The employee has the responsibility to acquire and maintain the required knowledge of extensive State and Federal Banking regulations and policies and those regulations and policies inherent to position requirements.

PHYSICAL DEMANDS: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

While performing the duties of this Job, the employee is regularly required to talk and hear. The employee is frequently required to stand, walk and sit. The employee is occasionally required to reach with hands and arms. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision.

WORK ENVIRONMENT: Travel to branch locations and training where required.

CONFIDENTIALITY: Confidential information concerning a customer, system, design, program or product unique to First Bank & Trust Company shall not be used for personal gain. Such information shall not be revealed to any person outside the Bank without the consent of the individual or organization involved or as otherwise permitted by law.

First Bank and Trust is an Equal Opportunity Employer