Talent.com
Commercial Loan Administrator

Commercial Loan Administrator

Kendall BankOverland Park, KS, US
job_description.job_card.30_days_ago
serp_jobs.job_preview.job_type
  • serp_jobs.job_card.full_time
job_description.job_card.job_description

Job Description

Job Description

Are you a friendly, persuasive person? Do you love to move fast and juggles several projects? Are you known for producing excellent, polished work? Do you enjoy ensuring that every client has a completely positive experience? Do you thrive following polices and procedures? Do you have experience documenting, closing, disbursing and servicing highly complex loans? If this sounds like you, we want to hear from you. Kendall Bank is seeking a Commercial Loan Administrator, for our Overland Park, KS branch.

The position of a loan administrator is a key position and provides all administrative and secretarial support that ensures better functioning of the loan department. The loan administrator responsibilities comprise compiling data, gathering information from various resources, preparing reports, maintain professional healthy relationship with the existing as well as the prospective clients on whom the business is dependent to a great extent. Leads and encourages a positive working environment with a can-do and collaborative focus which fosters our Mission, Vision and growth plans.

ESSENTIAL OBJECTIVES / FUNCTIONS & RESPONSIBILITIES / DUTIES

  • Responsible for documenting, closing, disbursing and servicing of highly complex loans. The loans may either be related to construction, small business, commercial, etc.
  • The loan administrator is responsible for obtaining the relevant loan documents and resolving the related issues as fast as possible.
  • Communicate with the clients, customers, outside agencies, etc., to gather all important information, research for the underlying problems and respond promptly to the inquiries.
  • Draft the final loan documents that include proper terms and conditions along with the rates. They ensure that loan fundings decisions are taken within the assigned limits.
  • Are accountable for preparing the final loan package as well as reviewing the loan process and its relevant reports.
  • To function as a primary source of contact for the borrower as well as the lender or the investor
  • To ensure the compliance with the loan servicing agreements and to closely monitor, research or instruct the processing of borrower payments
  • To perform the payoff quotes and do all the relevant calculations that include the prepayment calculations as well
  • To ensure that all the documentation has been updated appropriately in the system so that the assigned tasks can be performed easily
  • To prepare the credit approval packets, gather information like income statements, balance sheets, tax returns, etc., and work closely with the credit analysts on underwriting as well as on the proper structuring of loans
  • Be involved in the preparation of loan worksheets that can be used by the loan operations department.
  • May also assist with the closings.
  • Process and monitor the loan payments and handle the inquiries made by the customers.
  • Identify signs of unusual or suspicious account activities and make recommendations to minimize the risk factors.
  • Process the loan requests, interpret the loan documents as well as the investor requirements, to ensure fast closure of that particular transaction.
  • Create and update the loan data in the system.
  • Perform various accounting processes that deal with receipts, payoffs and checks issued.
  • Initiate collection activities on the past accounts.

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential responsibility / duty satisfactorily. The requirements listed below are representative of the knowledge, skills, and / or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the functions.

  • EDUCATION AND / OR EXPERIENCE

    • Familiarity with loan related documents, such as balance sheets, income statements, promissory notes or other credit related documents.

  • Proven performer in a loan operations role in a commercial banking environment is preferred.
  • Demonstrated knowledge and experience with office automation equipment, including phones, computers, and scanners as well as Microsoft Word, Excel and Outlook.
  • Ability to self-manage, set priorities and operate with minimal direct supervision.
  • Prior experience with document imaging is preferred.
  • High school diploma or equivalent.
  • Or equivalent combination of education and experience.
  • LICENSE(S) OR CERTIFICATES

    • Valid driver's license.

  • KNOWLEDGE, SKILLS, AND ABILITIES

    • Demonstrate high level of decision-making skills; ability to demonstrate innovation, critical thinking, and problem solving skills.

  • Demonstrate well developed verbal and written communication skills; strong interpersonal skills are necessary to work with internal and external team members.
  • PHYSICAL DEMANDS (i.e. travel, sit-ability, lifting, operating office equipment, etc.)

    • Light sedentary office work.

  • Ability to travel between office locations as needed.
  • Occasional travel outside the Kansas City area for training and seminars may be required.
  • TECHNOLOGY AND EQUIPMENT

    • Personal computer, including internet.

  • MS Office; Internet; Remote Deposit.
  • Contact Management Software.
  • Telephone (voicemail)
    • serp_jobs.job_alerts.create_a_job

    Loan Administrator • Overland Park, KS, US