Loan Assistant
First Financial Corporation - Bloomington, IL

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Serves as loan assistant to the commercial loan department, request supporting documentation, produce loan documentation, payoffs and loan advances.

Typical Job Entry Requirements
(To perform this job successfully, an individual must be able to perform each essential job duty satisfactorily. The requirements listed below are representative of the knowledge, skill and/or ability required.)
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High school diploma or equivalent.
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Strong mathematical aptitude.
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Prior banking experience with a good understanding of bank products and service, loan experience helpful.
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Solid knowledge of word processing and spreadsheet software programs.
Primary Activities
( Essential duties and responsibilities include the following. Other duties may be assigned. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.)
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Coordinating the loan documentation process by working with loan officers and other parties, including appraisers, title companies, attorneys, realtors, insurance representatives, recorders’ office, and documentation staff to ensure loan documents are prepared in accordance with organizational policies and procedures, loan terms and conditions, and in an accurate and timely manner.
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Providing general customer and loan officer assistance, including, but not limited to: resolving documentation and operation problems.
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Initiating loan documentation process by requesting and reviewing entity papers, good standing certificates, legal name verifications, UCC searches, flood certificates, and title work.
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Performing loan closings and disbursing loan proceeds (with or in absence of the loan officer) in accordance with organizational policies and procedures.
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Accurately processing construction and development draw disbursements in accordance with organizational policies and procedures.
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Accurately processing customer loan payments and requests for loan advances against established lines of credit within applicable monitoring guidelines.
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Providing loan officer assistance by researching and resolving loan exceptions resulting from a post closing review and, as requested by loan officer, exceptions cited by Loan Review.
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Monitoring and generating required follow-up on expired financial information ensuring information is received within aging standards.
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Preparing commitment letters for loan officers by reviewing the loan applications and outlining the conditions of approval and loan policy requirements.
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Preparing correspondence as required by loan officer.
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Accurately preparing payoff letters on commercial loans.
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Providing loan officer with timely loan system reports to be used in monitoring maturing loans, past due payments, exception and expired items, and any other reports as required by loan officer.
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Effectively and fluently communicating with customers, co-workers, and other business contacts within a culturally diverse work environment.
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Developing and maintaining effective working relationships at all levels by proactively participating and contributing to a positive work environment, controlling emotions and temperament, and exhibiting courteous, respectful, and professional behavior.
Competency/Skill Level
(The behaviors, knowledge, and motivations important to success in the job.)
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Written and Oral Communication skills
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Initiative
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Customer Service Orientation
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Problem Assessment and Solving skills
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Detail Oriented
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Organizational skills
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Must be self motivated and a team player
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Must be able to work under pressure in a fast paced environment
Key Behaviors
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Provides Proper Telephone Etiquette to Internal/External Customers
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Services Internal/External Customer Requests/Inquiries
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Reviews Required Documentation for Accuracy and Completeness
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Personal Development as Established with Manager
Bank Secrecy Act
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Maintain sufficient knowledge and understanding of the Bank Secrecy Act, Anti-Money Laundering/Anti-Terrorist Financing/PATRIOT Act and OFAC regulations
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To be able to fulfill applicable requirements and responsibilities under the bank’s related policies and programs.
Critical Job Elements
(Essential duties and responsibilities include the following. Other duties may be assigned. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.)
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Generally good working environment with little exposure to extreme temperatures or other adverse factors.
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Limited physical effort required.
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Above average physical effort of hand and eye coordination, and dexterity of hand and fingers to work efficiently and accurately.
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Above average mental effort consisting of complexity of decision making, concentration and memory.
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Above average verbal and written communication skills.

First Financial Corporation - 20 months ago - save job