Loan Operations Associate

Company Description

For more than 70 years, IDB Bank has made it our mission to be the best bank for our clients by putting their needs first, and the success we’ve enjoyed fundamentally comes down to our people. Here at IDB, you’ll work side by side with some of the most talented professionals in the industry who share a strong sense of teamwork and a passion for providing exceptional service down to the smallest detail. We offer a comprehensive benefits package that includes generous paid time off and the ability to participate in our medical coverage and 401(k) plan on your very first day with us. We are also committed to diversity and inclusion, and to providing all of our team members with an equal opportunity to succeed and make meaningful contributions within a work environment that is respectful, welcoming and inclusive.

Job Description

Responsible for local Lending Operation and Credit processing, preparing offering sheets on new and renewal loans, imaging of documentation, funds transfer, weekly past due processing, assist in portfolio management for insurances, taxes and audit requests. Line of Credit and liquidity balancing plus vault documentation responsibilities. Balance escrow accounts on a monthly basis.

Download weekly past due report from our On Line LIQ Datanet system; adjust to Excel format and distribute to loan officers with commentary for review at weekly Loan officer’s meeting.

Process fundings or payment documentation related to existing and new loan closings. Process payments to attorneys, municpalities, and third party reports with NY Accounting & LoanOps for payment and follow up as needed.

Image miscellaneous internal documents into ApplicationXtender such as offering sheets; LIQ sheets; borrower instructions and Credit Committee/Officer Approved Line Requests.

Receive all executed original loan documents from officers; prepare Document Checklist for officer signature; scan docs into Imaging System, prepare filing folder with label and maintain credit files. File legal documents in vault for safekeeping.

Ensure adherence to all auditing, compliance initiatives for the team as well as KYC/BSA/KYC and Human Resource requirements.

Qualifications

• 3-5 yrs experience with loan servicing or operations in banking and financial service industry.
• Good computer skills using Word, Excel, Outlook and Bachelors degree preferred
• Experience with LoanIQ,AS400, and ApplicationXtender (document manager) and Salesforce a plus.

Additional Information

Disclaimer

The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.

All your information will be kept confidential according to EEO guidelines.

The Bank will make reasonable accommodations to the following employees to allow them to perform the essential functions of their position, except where doing so would result in undue hardship to the Bank:

• Those with a known mental or physical disability.
• Pregnant individuals and/or individuals with pregnancy or childbirth-related medical conditions.
• Victims of domestic violence, sex offenses or stalking.
• Employees with religious observance and practice obligations.

Any employee who believes he or she needs an accommodation for any of the above reasons should contact their supervisor or a member of Human Resources to request such an accommodation. In each case, the Bank will engage in a good faith written or oral dialogue concerning the individual’s accommodation needs; potential accommodations that may address the individual’s accommodation needs, including alternatives to a requested accommodation; and the difficulties that such potential accommodations may pose for the employer.

The Bank retains the ultimate discretion to choose the appropriate reasonable accommodation. Upon reaching a final determination at the conclusion of the cooperative dialogue, the Bank will provide the requesting individual with a written final determination identifying any accommodation granted or denied. In addition, the Bank will maintain any information regarding the employee’s request and status in the strictest confidence, except as requested by the employee, as required on a need-to-know basis or as otherwise required by law.

We are operating on a Hybrid schedule.

NO AGENCIES PLEASE.

IDB BANK, INCLUDING ITS SUBSIDIARIES AND DIVISIONS, PROVIDES EQUAL EMPLOYMENT OPPORTUNITIES TO ALL EMPLOYEES AND APPLICANTS FOR EMPLOYMENT W