LOAN ADMINISTRATION SPECIALIST
Job Type
Full-time
Description

Establish, process, and maintain data and files for commercial loans including payments. 

 

 

MAJOR DUTIES/RESPONSIBILITIES 

  • Perform all functions involved to establish and maintain loan files and documentation 
  • Book loans 
  • Process loan payments, payoffs, and advances 
  • Calculate loan items and charges such as interest and principal payments, late fees 
  • Prepare payment notices, letters, loan papers, reports, and documentation 
  • Strive to minimize collateral exceptions 
  • Check accuracy of loan documentation and perfect collateral 
  • Assist lending officers in activities such as disbursement of funds and extension of new loans 
  • Answer customer inquiries and resolve routine issues 
  • Handle all correcting entries when necessary 
  • Handle confidential records for the department 
  • Balance all general ledger, loan recap, and trial balance accounts daily 
  • Perform notary work if applicable 


Requirements

REQUIRED EXPERIENCE/EDUCATION


  • Minimum of two years of related banking experience in a commercial lending department
  • High school diploma or equivalent

REQUIRED KNOWLEDGE/SKILLS

  • Excellent verbal and written communication, interpersonal, and problem-solving skills
  • Ability to work independently and as part of a team
  • High degree of attention to detail, accuracy, initiative, and dependability
  • Maintain positive relationships and provide effective communication with customers, employees, and management
  • Strong organizational, time-management, and problem-solving skills
  • Proficiency in Microsoft Office applications, commercial loan processing software desired, and willingness to adapt to new technology
  • Understanding of banking regulations, laws, and procedures
  • Authorization to work in the U.S. without employer sponsorship

WORK ENVIRONMENT

  • Primary workspace designation is onsite.
  • Professional environment in a secure high-rise office suite in downtown Denver, CO.
  • Working hours may vary between 5:00 a.m. and 7:00 p.m., Monday through Friday. The primary hours are 7:30 a.m. and 4:30 p.m. Monday through Friday, with infrequent overtime as needed.
  • Extended periods of desk-based computer and telephone usage.
  • May require occasional overnight travel to visit customers or attend conferences.
  • Ability to lift up to 40 lbs.