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The First National Bank in Sioux Falls · 4 months ago

Loan Quality Specialist I

Sioux Falls, SD

Full-time

Onsite

Entry Level

1+ years exp

The First National Bank in Sioux Falls is a long-established community bank committed to service and integrity. They are seeking a Loan Quality Specialist I to conduct comprehensive reviews of Ag and Commercial loans, ensuring compliance with federal and state regulations while maintaining accurate loan files and documentation.

BankingFinancial ServicesMortgage

Responsibilities

Review loan files and documentation for accuracy and acceptance based on established Loan policy

Analyze and interpret guidelines and apply understanding to reviewing documents and credit information

Monitor timely receipt of critical loan documents and file them appropriately

Identify missing/incorrect documentation in loan files and report issues through proper channels

Review all file documentation for loan files, including title commitments and policies, UCC’s, letters of credit, insurance policies, liens (collateral perfection), releases, commercial entity constituent documents and other documents relating to the loan

Perform loan quality post review to ensure required loan documentation has been properly executed

Monitor regulatory documentation requirements are fulfilled and uploaded to the imaging system setting exceptions for any missing documentation

Develop thorough understanding of all bank policies including bank loan policy, government regulations, and compliance requirements involving commercial lending

Enter loan quality findings in spreadsheet to ensure remediation

Notify lending personnel of potential problems and makes recommendations to resolve potential problems or conflicts with a loan, collateral, or documentation

Follow written policies, standards, and procedures for how the remediation and monitoring programs are designed to function

Utilize a tracking spreadsheet to categorize the errors found and when corrections are made in the loan system

Validate imaged documents and loan documentation exceptions

Manage Teammate access to AccuAccount

Create loan documentation and reviewing that insurance documentation is accurate and in compliance with laws, regulations, policies, and procedures

Accurately code loans following procedure in place and create loan document for consumer loans

Complete due diligence review of documentation requests to validate compliance with bank regulations and internal policies and procedures

Communicate with lending personnel to resolve discrepancies, identify missing documentation, and obtain additional information when necessary

Participate in cross-functional training to support all areas within the Loan Operations team

Champion change management initiatives and serve as a role model for change in the organization

Qualification

Loan documentationRegulatory complianceLoan quality reviewMicrosoft OfficeCommunicationOrganizational skillsGoal-orientedTeamwork

Required

Secondary education in business or related field

One or more years of relevant work experience or a combination of education/experience that would enable incumbent to meet accountabilities and required competencies of the position

Experience in banking

Goal-oriented and self-motivated

Excellent verbal and written communication skills

Excellent organizational skills and attention to detail

Ability to conduct relationships in a manner that ensures cooperation and positive results

Working knowledge of Microsoft Office programs and be able to learn job-related software

Ability to adapt to the needs of the organization and teammates