Loan Operations Specialist

Job Summary

We are seeking a detail-oriented Loan Operations Specialist to support the Bank’s loan operations function with a primary focus on loan repricing, transaction accuracy, quality control, and regulatory compliance.

The ideal candidate will have banking or financial services experience and a strong understanding of loan administration and servicing processes. This position requires someone who is highly detail-oriented and able to identify errors before they impact customers or the Bank.

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Essential Duties & Responsibilities:

Process loan repricing transactions accurately and within established timeframes.
Review loan documentation and system information to ensure interest rates are adjusted according to approved loan terms and conditions.
Calculate and apply appropriate interest rate changes based on loan agreements.
Review loan transactions and system updates for accuracy and completeness.
Perform quality control reviews of loan operations activities.
Identify and correct errors, discrepancies, and exceptions before they impact customers or the Bank.
Verify that loan transactions are processed in accordance with established policies, procedures, and internal controls.
Ensure loan repricing activities comply with applicable Bank policies, procedures, and regulatory requirements.
Research and resolve discrepancies related to loan rates, transactions, and account information.
Maintain accurate documentation and records related to loan operations activities.
Communicate with internal departments as needed to research and resolve loan-related issues.
Escalate exceptions or potential compliance issues to appropriate management.
Assist with audits, reviews, and other quality control initiatives as needed.
Support process improvements designed to increase accuracy and efficiency within Loan Operations.
Perform additional duties and special projects as assigned.

MINIMUM REQUIREMENTS:

2+ years of banking, loan operations, loan servicing, or financial services experience preferred.
Previous experience with loan repricing or interest rate adjustments strongly preferred.
Understanding of commercial and/or consumer loan documentation and servicing processes.
Strong attention to detail and commitment to accuracy.
Experience performing quality control, transaction review, or audit-related functions.
Ability to identify discrepancies and investigate issues to determine appropriate resolution.
Strong analytical and problem-solving skills.
Ability to interpret loan terms and apply them accurately within banking systems.
Knowledge of banking policies, procedures, internal controls, and regulatory requirements.
Strong organizational and time-management skills.
Ability to work independently while collaborating effectively with other departments.
Experience with a core banking or loan servicing system preferred.
Bachelor's degree in Finance, Accounting, Business, or a related field preferred.

Loan Operations Specialist

Job Summary

Essential Duties & Responsibilities:

MINIMUM REQUIREMENTS:

Apply Now

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