Loan Operations Representative

This position reports toVP/Loan Servicing

Basic Functions

Provide support to the Banks loan function by reviewing new/renewed loans; reviewing loan advancespaymentsand rate changes; and processing paid loans.

Essential Duties

1. Perform basic loan servicing functions for a variety of loan types (Commercial Real Estate; Commercial and Industrial; Consumer)

• Apply payments and advances to loans
• Act as servicing agent forparticipated/syndicated loan transactions
• Perform servicing for troubled loans i.e. non-accruals OREO and charge-offs
• Pay invoices
• Pay assessment fees for Residential Condominium Loans
• Pay real estate taxes
• Process paid loans
• Prepare payoff letters
• Prepare release deed if necessary and send for recording

2. Review new and renewed loans

• Review new and/or renewed loans on the Fiserv system against boarding data
• Responsible formaintainingoriginal loan documents and files in the collateral vault

3. Answer client inquiriesregardingloan balance transactions & payoffs

• Transfer money between accounts
• Prepare wire transfer requests
• Research and correct errors

4. Audit data entry of new and renewed loans

• Perform maintenance as needed
• Scan key loan documents

5. Audit all previous days servicing activity

• Correct errors as found
• Perform reconciliation process for GL accounts

6. Monitor hazard and flood insurance

• Contact agents/borrowers to obtain current certificate of insurance
• Update weekly insurance tickler report
• Add lapsed insurance coverage to force placed insurance program

7. Performadditionaldepartmental duties such as:

• Order credit reports titleworkand/or flood searches
• Assist with Board reports
• Update Procedures
• Input CRA/HMDA information into the FFIEC CRA/HMDA data entry software
• Assistin the processing of construction draws
• Update collateral & insurance report
• Prepare Subordinations of lien
• Provide notary services
• Monthly insurance monitoring
• Monthly available commitment report monitoring
• Collateral maintenance for tax certificates secured loans
• Review daily reports
• Update loans secured by stock/bonds/investment accounts report
• Input Customer Due Diligence and Beneficial Ownership information into BAM

Nonessential Duties

• Other duties as assigned

Knowledge Skills and Abilities

• Detail oriented
• Basic accounting knowledge
• Working knowledge of Bank regulationspreferred

Training & Experience

• High School diploma or GED
• College degree preferred
• 0-2years banking experience
• Microsoftproficiency
• Fiserv application experiencepreferred

Compensation
Expected Salary Range: $45000 - $53000
Salary will be negotiated based on relevant skills and experience as well as internal equity and alignment with market data.

Benefits
First Bank Chicago offers a comprehensive benefits package including medical/dental/vision/life insurance; 401(k); paid time off (PTO); and eligibility for an annual bonus. For a complete listing of benefits please visit our website: Bank Chicago is an Equal Opportunity Employer: disability/veteran
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