Loan Administration Officer (LAO) jobs in United States
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BancFirst · 6 hours ago

Loan Administration Officer (LAO)

BancFirst is a $14 billion bank committed to investing in the future of Oklahoma communities. They are seeking a Loan Administration Officer (LAO) responsible for managing loan administration processes, ensuring compliance with banking regulations, and supervising staff while maintaining the loan portfolio.

BankingCommercialFinancial Services

Responsibilities

Understand the loan system (Horizon) as it relates to the core data processing system (FIS) and demonstrate the ability to troubleshoot issues
Understand the general ledger process as it relates to the loan function and demonstrate the ability to troubleshoot issues
Understand the loan documentation system
Responsible for overall loan compliance
Responsible for managing, and can readily back-up, the process of preparing loan documents, booking loans, correcting reconcilement issues, posting loan payments and maintaining the loan file
Responsible for collateral perfection
Responsible for tracking/reporting credit exceptions
Responsible for maintaining, reconciling and reporting charged-off loans, acquired loans, purchased loans, loan participation and specific allocations
Responsible for credit life reconcilement, rebates, vendor assistance, incentive programs and other life insurance issues
Responsible for the process of accurately and timely reporting (i.e. routine and ad hoc reports) to the support center while ensuring appropriate approval, if necessary
Responsible for managing staff (loan operations staff and loan administrative staff) with focus on consistent communication, training and cross-training
Responsible for related Ad hoc projects/assignments/tasks/reports

Qualification

Loan system (Horizon)Core data processing (FIS)Banking Regulations knowledgeFinancial data analysisLoan portfolio managementAccounting knowledgeCustomer serviceSupervisory skillsCommunication skillsInterpersonal skillsOrganizational skillsCritical thinkingFlexibility

Required

Knowledge of the loan system (Horizon) and the core data processing system (FIS)
Knowledge of Banking Regulations and BancFirst Loan Policy/Procedure
Ability to analyze complex financial data and credit memorandums
Knowledge of maintaining loan portfolio including, but not limited to: managing loan covenants & loan quality
Knowledge of accounting, finance or related fields (experience or degree preferred)
Demonstrated ability to act as a subject matter expert as the need arises
Demonstrated ability to successfully interact with others (both internal and external) in order to achieve the desired outcome or to resolve issues
Demonstrated ability to manage people and achieve desired results
Demonstrated strong customer service ability
Demonstrated ability to think critically
Demonstrated ability to analyze and improve department workflow
Strong communication skills both verbal and written
Strong interpersonal skills
Strong supervisory skills with a focus on achieving results as a team
Proficient in computer usage including, but not limited to Word and Excel
Must be confident and possess the ability to stand firm in the face of opposition
Must be organized
Must be flexible and willing to work additional hours as the need arises
Must be able to work under stress and deadlines

Benefits

Excellent benefits
Learning environment that allows them to continuously improve their skills

Company

BancFirst

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BancFirst provides a range of commercial banking services to retail customers, and small to medium-sized businesses.

Funding

Current Stage
Public Company
Total Funding
$3.65M
2015-04-28Post Ipo Equity· $3.65M
1993-04-08IPO

Leadership Team

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Kevin Callahan
Chief Technology Officer
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Kevin Lawrence
Chief Financial Officer
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Company data provided by crunchbase