Loan Assistant II

GENERAL DESCRIPTION OF POSITION

The Loan Assistant II is responsible for assisting commercial lenders. This position verifies, compiles, and completes loan applications. The Loan Assistant II prepares new loan requests to submit to loan processing and reviews the loan file to verify that data is complete and meets established standards. This position processes documentation of loans and extensions, closes and prepares loans for booking, and computes payment and interest.

• Review completed LOM for accuracy. (Daily, about 5% of the time)
• Order supporting documentation. (Daily, about 10% of the time)
• Submit LOM to loan ops. (Daily, about 10% of the time)
• Perform pre-funding review. (Daily, about 15% of the time)
• Close loan if needed / Fund Loan. (Daily, about 10% of the time)
• Prepare loan package for shipping and booking. (Daily, about 15% of the time)
• Pull maturity and past due reports. (Daily, about 5% of the time)
• Inform officer of required documentation for loan renewals. (Daily, about 5% of the time)
• Prepare basic Loan Offering Memorandum. (Daily, about 5% of the time)
• Assist in clearing collateral / credit exceptions. (Daily, about 5% of the time)
• Process draw requests / loan payments / transfers. (Daily, about 5% of the time)
• Handle loan research issues / questions. (Daily, about 5% of the time)
• Forward documents to loan ops for scanning. (Daily, about 5% of the time)
• Completes required BSA/AML training and other compliance training as assigned. (Annual)
• The ability to work in a constant state of alertness and in a safe manner.
• Perform any other related duties as required or assigned.

To perform this job successfully, an individual must be able to perform each essential duty mentioned satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

High school or GED, plus specialized schooling and/or on the job education in a specific skill area; e.g. data processing, clerical/administrative, equipment operation, etc, plus 5 years related experience and/or training, or equivalent combination of education and experience.

Ability to read and understand documents such as policy manuals, safety rules, operating and maintenance instructions, and procedure manuals;
Ability to write routine reports and correspondence. Ability to effectively communicate information and respond to questions in person-to-person and small group situations with customers, clients, general public and other employees of the organization.

Ability to add, subtract, multiply and divide numbers. Ability to perform these mathematical skills using money and other forms of measurement.

Ability to utilize common sense understanding in order to carry out written, oral or diagrammed instructions. Ability to deal with problems involving several known variables in situations of a routine nature.

Not indicated.

Notary Public

Intermediate:
Word Processing/Typing
Basic: 10-Key, Accounting, Alphanumeric Data Entry, Contact Management, Database, Spreadsheet

Somewhat disagreeable working conditions. Continuously exposed to one or two elements such as noise, intermittent standing, walking; and occasional pushing, carrying, or lifting.

The following work environment characteristics described here are representative of those an employee encounters while performing essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Semi-repetitive, low physical. Semi-repetitive type work which requires periods of concentration for varied time cycles as prescribed by the tasks.

• Previous loan or loan documentation experience
• Good understanding of financial institution products and services
• Time management: the ability to organize and manage multiple priorities
• Excellent proof-reading skills and attention to detail
• Strong team player
• Basic computer proficiency

Required

High School

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