UnpostedSwap Associate

Starting Pay Rate is Based on Experience - Minimum Hourly Rate:

Recognizing and valuing diversity strengthens our ability to attract retain and engage associates and reinforces our relationship within our communities. Our associates are the most valuable asset we have. The collective sum of the individual differences life experiences knowledge and talent that our associates invest in their work represents a significant part of not only our culture but our reputation and companys achievement as well.

A Centier Associate is someone who embodies a servant heart is unaccepting of anything less than remarkable service and is self-motivated and driven to deliver exceptional results.

What are our values Our Corporate values are Caring Loyalty Integrity Friendship wouldnt want to work for an AWARD-WINNING companythats built on these pillars

What about the perks Access to our Marathon Health Clinics which provide FREE visits & prescriptions Generous Paid Time Off benefit Tuition Reimbursement 401K match Associate Stock Ownership Plan Daycare Reimbursement FREE Onsite Fitness Center/Fitness Reimbursements Health and Wellness Programs the ability to have a voice with our Diversity/Equity/Inclusion Council Career Growth Work/Life Balance AND MORE.

This department typically working Monday-Friday from 8am-5pm.

Once trained this position may be able to work from home 2 days/week.

Supervisory Responsibilities: None

Summary:This team will be responsible for completing the items that are listed under the Essential Duties & Responsibilities section. This position requires some independent thinking to process assigned tasks as this team deals with many odd payment/loan processing items. At times in-depth research may need to be done to ensure that items are fully resolved and prevent future issues of a similar nature. SWAP and Participation items need to be handled carefully since they not only impact the bank and client but investors as well.

Interaction Requirements with internal and external clients:

This position requires a significant amount of communication with internal and external clients. Internally the interaction would be with Business Banking Loan Officers Business Banking Administrative Assistants (AAs) Consumer & Commercial Loan Workout Department Consumer and Commercial Residential Construction and branch staff. Externally interaction would typically be with clients (borrowers) participation banks and our vendor Derivative Path.

The Associate will be expected to work on routine tasks following procedures and may occasionally involve non-standard assignments. This person will have a rotating tasks list to share with the Specialist.

Essential Duties & Responsibilities:

Daily

• Commercial Loans
  • Ensure any commercial loan payments or incoming wire payments are posted correctly with interest paid current & due dates roll appropriately.
  • Verify loan balances and undisbursed amounts to post commercial draws
  • Review the report for Commercial lines of credit paid to zero to determine whether the line should remain open to further draws or be closed.

• Unposted Payment Transactions
  • Research reasons for DDA CL IL ML and RC Unposteds and properly process in core

• Home Equity Lines of Credit (HELOC)
  • HELOC draw report - Monitor HELOC draws/advances to protect the Bank from monetary loss

• Regular Payment & Payoff Postings
  • Notify branch managers of teller posting issues.
  • Monitor the participationgroup email for payment corrections
  • Processing incoming wire payments/payoffs for Commercial loans and forward any incoming wires to payment group for mortgage and consumer loans.
  • Work with Consumer Loan Workout for any mis-postings and make corrections when necessary

• GL Items
  • Clear any outstanding items being carried in the loan suspense GLs
    • Payments to be posted
    • Wires to be posted
    • Wires to be sent out
    • Payment/Payoff corrections

• Miscellaneous input requests for payments and file maintenance to loans

• Participation Loans (Special Commercial Loans)
  • CL Participation Bought Loans: monitoring payments posted and draw funds are wired in.
  • CL Participation Sold Loans: ensure wire payments to participating banks are sent in a timely manner.

Monthly-

• Commercial Loan - SWAP payment posting (1st 5th 10th 15th 20th 25th)
• Commercial Loan - SWAP notice creation & mailing (1st 5th 10th 15th 20th 25th)
• Consumer Loan Workout Bankruptcy & Forbearance Payment postings

Annually

• Will process stop payments and reissue official checks as part of the Escheatment process

Knowledge Skills and Abilities Required for this position:

• Basic analytical thinking skills to complete a diverse set of tasks that are moderately complex- such as loan processing corrections which entail high level recalculations.

• Decision making skills- must be able to demonstrate initiative and use good judgement to make decisions that protect the Banks best interest while being regulatory compliant to the client.

• Proficiency at Microsoft Office- Word Excel Outlook Teams SharePoint OneNote

• Ability to use office equipment copier fax calculator etc.
• Effective written/verbal communication skills
• Highly detailed & exceptional follow-through to ensure all tasks are completed.
• Ability to work with limited supervision.

Minimum Qualifications:

• High School Diploma
• 1 year of Loan Servicing experience

Internal pay level 6

What do I do now

• Apply with us!
• Refer this opening to others!

Disability Accommodation Statement
Centier Bank is an Equal Employment Opportunity/Affirmative Action employer and is committed to providing reasonable accommodations to individuals with disabilities in the employment application process. If you need an accommodation due to a disability to use our online system to apply for a position at Centier Bank please call us at or send us an email at .

Equal Opportunity Employer/Disability/Veteran
Centier Bankis proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race color gender national origin religion age disability sexual orientation gender identity military status veteran status or any other legally protected status.