Loan Post Close Specialist II - #9820362

First Interstate Bank

Date: 1 week ago
City: Billings, MT
Contract type: Full time
**If you are a current FIB employee, please apply through the Career Worklet in the Employee Portal . This position is located at our Great West Center branch in Billings, MT What’s Important to You We know your career is just one aspect of a meaningful, complex, and demanding life. That’s why we designed our compensation and benefits package to provide employees and their families with as much choice as possible
  • Accrue and use your paid time off (PTO) immediately – no waiting period – plus paid federal holidays in addition to PTO.
  • Child Care Assistance Program for eligible dependent(s).
  • We prioritize wellness by offering eligible employees a monthly stipend, toward a fitness club membership or exercise-related classes.
  • The health and happiness of the places we call home matter to us. Learn a little more about what we do for the communities we serve and why we want YOU to be a part of it.
We encourage you to apply. Reach for what you want and tell us why your work ethic and willingness to learn make you a natural fit for #TeamFirstInterstate SUMMARY The Loan Post Close Specialist II is responsible for the post-closing review of Consumer, Commercial and Specialty loans to ensure all document and perfection requirements have been met and that the bank’s position and security interest has been satisfied following Bank policy and procedures. The Loan Post Close Specialist II is responsible for reviewing a wide variety of loan and line products from simple to complex transactions. The Loan Post Close Specialist II will be responsible for meeting completeness, turn time and accuracy requirements dictated by established service level agreements ESSENTIAL DUTIES & RESPONSIBILITIES include the following; other duties may be assigned
  • Image and validate scan quality and completeness of the physical copies of original loan files and actively maintain file storage and organization.
  • Proficient with the post close review function, insuring that loan documents comply collateral terms of the approval.
  • Pro-actively works with the Loan Originators, Loan Closing Specialists, 3rd parties and customers to resolve loan document issues and to clear documentation exceptions within the appropriate time periods.
  • Inputs, updates and monitors exceptions on the bank’s exception system for Escrow taxes and insurance
  • Proficient at perfecting all types of collateral
  • Thorough understanding with reviewing UCC filings/releases, vehicle titles, recorded mortgages and flood and insurance assignments processes
  • Processes trailing documents, reviews and clears exceptions as appropriate through the tickler process
  • Manages weekly flood exception report and flood tracking/posting refunds for forced place insurance
  • Proficient at processing all paid notes; secured and unsecured; checking for any cross-collateralization
  • Contacts internal and external sources in order to pro-actively clear existing exceptions with little to no assistance
  • Performs post-closing activities in a timely and accurate manner meeting all service level agreements
  • Reviews final title policies to ensure accuracy per established policy and procedure.
  • Works with Loan Review during audits regarding loan document questions, tickler monitoring and exceptions.
  • Assists Banking Center and Relationship Manager Personnel with questions and information requirements
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 High School diploma or general education degree (GED) required; Bachelor's degree (BA/BS) from a four-year College or University preferred; three (3) years’ work experience in a financial institution preferred. Collateral Control and post-closing operational experience preferred with an understanding of bank policies and procedures, proficient in consumer and commercial lending and loans and applicable loan documents. Understanding of loan accounting systems; loan payment types and processing and ability to research and resolve accounting errors OTHER SKILLS & ABILITIES Advanced personal computer skills with demonstrated knowledge of Microsoft EXCEL, WORD, and e-mail; self-starter and works with minimal direction; strong verbal and written communication skills; interpersonal skills and team orientation; ability to meet deadlines; ability to appropriately escalate issues requiring problem solving and decision making LANGUAGE SKILLS Ability to read, analyze, and interpret technical procedures, or governmental regulations. Ability to effectively present information and respond to questions from managers, peers, or other business partners MATHEMATICAL SKILLS Ability to work with basic mathematical concepts. Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute rate and percent REASONING ABILITY Ability to define problems, collect data, establish facts, and draw valid conclusions. Demonstrates critical thinking tendencies to address problems decisively and to propose sustainable solutions. Accepts shared ownership and accountability for results PHYSICAL DEMANDS While performing the duties of this job, the employee is regularly required to talk, hear, see, stand, walk & use hands to type or write. The employee frequently is required to sit. The employee is required to reach with hands and arms and stoop, kneel, crouch, or crawl. The employee may lift and/or move up to 25 pounds WORK ENVIRONMENT The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Hours of operation may be adjusted from time to time to accommodate business demands The noise level in the work environment is usually moderate
**If you are a current FIB employee, please apply through the Career Worklet in the
Employee Portal .

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