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Loan Associate II - Fargo, ND #5579758


Company: First International Bank and Trust

Date: 10/11/2018

Category: Telecommunications Services

City: Fargo, ND

Loan Associate II


Department:
Commercial Support


Location:
Fargo, ND


PT/FT/Temporary :
Full Time


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Position Summary: Under the direction of Loan Associate Manager, provides assistance to the Lending Department by performing the following duties. This position requires a sound knowledge of established procedures, methods and practices. Expected to handle specialized processing work of an advanced nature.


Essential Duties and Responsibilities include the following. Other duties as assigned.


  • Primarily works Commercial / Ag lending files


  • Proficient in all Loan Associate I duties


  • Backs up Consumer Loan Associates


  • Maintains and collects current information on technical exceptions, such as insurance, titles, financial statements, etc.


  • Assists with collateral inspections and customer calls


  • Works with credit analysts to provide documentation required for underwriting and periodic information required for credit.


  • Performs loan support duties of complex variety such as charged-off accounts, participations and commercial loan accounts


  • Orders title work


  • Reviews and analyzes title report or survey to determine issues and any present or potential risk.


  • Works with Loan Operations throughout process of ordering loan documentation, providing information and reviewing completed documentation prior to closing.


  • Assists lenders with closing instructions including funds and signatures required for closing.


  • Processes incoming dealer loans.


  • Processes extension agreements.


  • Performs loan support duties of complex variety such as charged-off accounts, recoveries.


  • Responds to customer inquiries including payment questions, payoffs and loan values.


  • Calls specified companies to obtain property abstract, survey and appraisal.


  • Notifies customer of approval or prepares and mails adverse action forms to applicants.


  • Provides support to loan officers in closing a loan by entering information into computer database and by generating and assisting customer in completing all required documentation and disclosures


  • Ensures all title issues are met and that loan is properly recorded.


  • Examines loan terms and ensures loan is funded within established time frames.


  • Ensures timely recording of lien documents to ensure collateral perfection.


  • Updates tickler system to note funding activities, interest rate settings and billings.


  • Prepares, scans and maintains loan files.


  • Work loan / line tickler reports for outstanding documentation (titles, insurance, etc)


  • Orders final title work


  • Processes paid notes and collateral releases


  • Processes loan payments.


  • Files respective offices- new notes in vault.


  • Answers telephone for loan department and directs customers to appropriate lenders if necessary.


  • Retrieves and reviews loan reports for completeness and accuracy; corrects non-post or errors.


  • Originates loan correspondence.


  • Prepares past due letters


  • Maintains proper correspondence and legal files.


  • Works with Loan Operations throughout process of ordering loan documentation, providing information and reviewing completed documentation prior to closing.


  • Assists lenders with closing instructions including funds and signatures required for closing.


  • Explains, promotes, cross-sells or refers bank, insurance and trust products or services.


  • Reviews emails and branch messages to remain current on policy or procedural changes and new product offerings.


  • Attends periodic training to receive information about various bank services and participates in an exchange of ideas and problems.


  • Assists with various projects and assignments as needed.


  • Comply with federal, state, and company policies, procedures, internal controls, and regulations.


  • Responsible for confidentiality including protection of sensitive information and its integrity in compliance with First International Bank & Trust information security and departmental policies, standards and procedures. Responsible for reporting events including suspicious activity as well as cooperating with all investigations.

Competencies: To perform the job successfully, an individual should demonstrate the following competencies:


  • Maintains confidentiality.


  • Follows policies and procedures; Upholds organizational values; Works with ethics and integrity. Observes safety and security procedures; Reports potentially unsafe conditions; Uses equipment and materials properly; Responsible for loss prevention according to this position.


  • Gathers and analyzes information skillfully; Works well in group problem solving situations.


  • Pursues training and development opportunities; Strives to continuously build knowledge and skills; Shares expertise with others.


  • Manages difficult or emotional customer situations; Responds promptly to customer needs; Solicits customer feedback to improve service; Responds to requests for service and assistance.


  • Speaks clearly and persuasively in positive or negative situations; Listens and gets clarification; Responds well to questions; Demonstrates group presentation skills.


  • Writes clearly and informatively; Edits work for spelling and grammar; Presents numerical data effectively; Able to read and interpret written information.


  • Communicates changes effectively; Prepares and supports those affected by change; Monitors transition and evaluates results.


  • Looks for ways to improve and promote quality; Demonstrates accuracy and thoroughness.


  • Treats people with respect; Benefits organization through outside activities; Supports affirmative action and respects diversity.


  • Exhibits sound and accurate judgment; Includes appropriate people in decision-making process.


  • Prioritizes and plans work activities; uses time effectively; Sets and achieves challenging goals.


  • Adapts to changes in the work environment; Manages competing demands.


  • Is consistently at work and on time; Ensures work responsibilities are covered when absent.

Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.


Education and/or Experience: 2 to 5 years prior Loan Associate experience. Associate's degree (A. A.) or equivalent from two-year college or technical school; or two to four years related experience and/or training; or equivalent combination of education and experience.


Language Skills: Ability to read and interpret documents such as safety rules, operating and maintenance instructions and procedure manuals. Ability to write routine reports and correspondence. Ability to speak effectively before groups of customers or employees of organization.


Mathematical Skills: Ability to add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions and decimals. Ability to compute rate, ratio and percent and to draw and interpret bar graphs.


Reasoning Ability: Ability to apply common sense understanding to carry out instructions furnished in written, oral or diagram form.


Physical Demands: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.


While performing the duties of this job, the employee is regularly required to use hands to finger, handle, or feel; reach with hands and arms, talk and hear. The employee is regularly required to stand, walk and sit. The employee is occasionally required to climb or balance and stoop, kneel, crouch or crawl. The employee must occasionally lift and/or move up to 50 pounds. Specific vision abilities required by this job include close vision, distance vision and ability to adjust focus.


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