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First Mid · 1 month ago

Senior Loan Administrator

St Charles, IL

Full-time

Onsite

Senior Level

5+ years exp

First Mid is a banking institution seeking a Senior Loan Administrator. This role serves as a primary liaison within the bank's lending team, providing support in loan processing, customer service, and training new staff while managing complex accounts and ensuring compliance with bank policies.

BankingFinanceFinancial ServicesInsurancePersonal FinanceWealth Management

Responsibilities

Assists loan officers by preparing various documents such as sending notices, preparing past due correspondence, ordering credit bureau reports and appraisals and preparing customer correspondence

Assists loan officers in gathering information for new loan requests and submits loan requests and supporting documentation to Central Loan Processing

Maintains a strong knowledge of the Bank’s loan policy

Works independently handling accounts of larger size and complexity and/or larger volume of accounts

Maintains customer’s credit file in an orderly and accurate manner while in their possession. Forwards new loans and updated documentation to Post Closing to be archived on Director. Reviews files for appropriate documents and responsible for following up on exceptions

Effectively communicate and work with In-House Legal Counsel, Outside Legal Counsel to gather pertinent due diligence items to ensure closing deadlines are met efficiently

Greet customers and prospective customers, directing them to the appropriate personnel

Interact, both verbally and written, with clients to collect data, documents, and assist with various general customer service requests (i.e. payments, advance requests, wire requests, amortization schedules, address changes account history). Assists customers with questions, balance information, payments, line of credit advances, payoff quotes and tax reporting calculations on a continuous basis

Effectively plan for upcoming workflow and maintain very organized paper and electronic files

Process annual renewals, new loan requests and loan modifications independently and maintain pace with month end, quarter end and year end volume levels

Obtain all pre-closing documentation requirements, such as payoff requests, title work, flood search / letter, appraisals, entity documents, Certificate of Beneficial Ownership, corporate searches, UCC searches, insurance, surveys, environmental reports, credit reports for new loans, renewals and modifications

Review loan documents prior to closing to ensure no changes to loan documents were made at closing without approval per policy

Monitor and assist in clearing exception items

Provide back-up support for other Loan Administrators during vacations and other high-volume periods

Retrieves information requested for credit ratings and loan confirmations

Prints, reviews and distributes a variety of management reports

Completed required training associated with job function

Qualification

Commercial loans experienceLending function knowledgeLoan system proficiencySoftware applications proficiencyPoliciesRegulationsInterpersonal skills

Required

5+ years of experience working with commercial loans required

Prior knowledge and understanding of commercial real estate and commercial industrial loans required

Effectively and proficiently use all required / necessary software applications (Word, Excel, Outlook, Jack Henry, Director)

Proven knowledge and experience of lending function, loan system and Premier system

Must be able to work with a significant amount of detailed information in an accurate, timely and confidential manner

High level of interpersonal skills to interact with customers and potential customers in a professional manner

High level of knowledge of both internal policies and procedures and the respective state and federal laws and regulations governing departmental functions to ensure performance of individual job duties within the proper control environment