Loan specialist job description

Did you know that Zions Bancorporation is one of the nation's premier financial services companies with total assets exceeding $70 billion? With local management teams at the helm in 11 western states, Zions is dedicated to making a difference in their local communities. At Zions, we haven't forgotten who keeps us in business, meaning we're committed to the success of our customers, and our employees. Here, the possibilities are endless - come for a job, stay for a career.

The ideal candidate for the Enterprise Loan Specialist position will have the skills and experience necessary to:

* Provide administrative and/or operational support within the one or more of the following loan areas; processing, closing, servicing, documentation, notes, disbursements, etc.
* May clear all identified loan exceptions.
* Maintain files, documents, notes, etc.
* Verify completeness of files with all necessary documents and signatures required.
* Perform review of loan and collateral documents and loan packages to insure bank's security interest and adherence to established policies and procedures.
* Update computer system with pertinent collateral information and collateral exception information; tracks and clears said exceptions.
* Work with lending staff in resolving discrepancies in collateral documentation.
* Research and process rejected payments and handles payments received when collateral is released.
* Calculate pre-payments penalties and coordinates settle escrow funds when a loan is paid off.
* Conduct a complete and accurate payoff transaction.
* Produce reports as required.
* Other duties as assigned.

Qualifications:

* Requires High School diploma or equivalent and some previous banking or loan processing experience or other directly related experience.
* A combination of education and experience may meet job requirements.
* Basic knowledge of lending processes and procedures, loan documentation, exceptions, collateral review, payment and loan systems.
* Strong interpersonal and communication skills.
* Knowledge of banking processes helpful.
* Must have good organizational and customer service skills.
* Must possess numeric and verbal aptitudes.
* Good written and verbal communications skills.
* Ability to complete processes and meet deadlines.
* Working knowledge pc's and various word processing, spreadsheet or related software.

The Loan Origination Specialist coordinates activities between the market and other areas of Wholesale Lending Serves (WLS). Activities include the handling of executed commercial loan documentation, loan booking and funding.
Commercial Loan Documents

• Coordinate all commercial document preparation activities through Hot Docs or Outside Counsel

• Review draft and executed loan documents such as loan agreement, notes, guaranties, and security documents for accuracy and agreement with approved terms

• Experience:

• College degree or equivalent experience

• Minimum of 3 years' experience in commercial loan operations or a credit/lending environment

• Knowledge of commercial loan documentation. Ability to review commercial loan documents such as loan agreement, notes, guaranties, and security documents for accuracy and agreement with approved terms

• Knowledge of commercial credit products

• Good verbal, written and organizational skills

JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.

The health and safety of our colleagues, candidates, clients and communities has been a top priority in light of the COVID-19 pandemic. JPMorgan Chase was awarded the "WELL Health-Safety Rating" for all of our 6,200 locations globally based on our operational policies, maintenance protocols, stakeholder engagement and emergency plans to address a post-COVID-19 environment.

As a part of our commitment to health and safety, we have implemented various COVID-related health and safety requirements for our workforce. Employees are expected to follow the Firm's current COVID-19 or other infectious disease health and safety requirements, including local requirements. Requirements include sharing information including your vaccine card in the firm's vaccine record tool, and may include mask wearing. Requirements may change in the future with the evolving public health landscape. JPMorgan Chase will consider accommodation requests as required by applicable law.

Equal Opportunity Employer/Disability/Veterans

The Loan Specialist is responsible for the ongoing review of all consumer loans originated and processed within the company. The primary purpose of the review is to assure that approved underwriting guidelines are being complied with by all authorized lending personnel.
*Essential Functions*
_Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions._

* Responsible for conducting the daily “quality control” functions for consumer lending.
* Responsible for review of non-real estate consumer loans for adherence with underwriting and approval guidelines and the recording of any related exceptions.
* Responsible for recording & releasing collateral perfection documents.
* Responsible for processing documents on paid out loans.
* Responsible for producing various reports to lenders and management.
* Responsible for conducting periodic audits of the collateral vault.
* Serves as back-up to department staff as needed.
* Must comply with all applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.

*Supervisory Responsibility*
Position has no supervisory responsibilities.
*Work Environment*
This job operates in a clerical office setting. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines.
*Physical Demands*
This is a largely sedentary role. While performing the duties of this job, the employee is regularly required to see, talk, hear, sit for long periods of time, stand, squat, kneel, walk, climb stairs, bend, manual dexterity and reach with hands and arms. Position requires the ability to lift files, open filing cabinets and bend or stand on a stool as necessary. Proper lifting techniques are required. This position may occasionally lift up to 25 pounds.
*Position Type/Expected Hours of Work*
This is a full-time position. Regular days and hours of work are Monday through Friday, 8:00 a.m. to 5:00 p.m. The employee must work a minimum of 30 hours each week to maintain full time status.
*Travel*
No overnight travel is expected for this position. Occasional travel for training or to another branch may be expected.
*Other Duties*
Please note that this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.
*Competencies*

* High Level of Honesty and Integrity.
* Ethical Conduct.
* Work Independently/Team Member.
* Customer/Client Focus.
* Simple Math Proficiency.
* High Level of Communication.
* Decision Making.
* Problem Solving/Analysis.
* Time Management.
* Personal Effectiveness.
* Flexibility.
* Stress Management/Composure.
* Thoroughness.

*Required Education and Experience*

* High school diploma or equivalent.
* Minimum of one years' experience in similar or related field is preferred but not required.

*EEO Statement*
It is the policy of Vast Bank to afford equal opportunity in all phases of employment without regard to an individual's race, color, creed, religion, gender, national origin, age, disability, marital status, ancestry, sexual orientation, unfavorable military discharge for qualified individuals with disabilities, and for qualified disabled veterans and veterans of the Vietnam era, to the extent required by applicable local, state and federal law.

Job Type: Full-time