Work in Iowa Jobs

Commercial Loan Operations Specialist I

Location Des Moines, IA

# of openings 1

Apply Now (https://phh.tbe.taleo.net/phh03/ats/careers/v2/applyRequisition?org=BANKERSTRUST&cws=37&rid=1648)

Job Brief

Supports the Commercial Lending Department by performing operational duties, which include, but are not limited to, processing payment and advance transactions, sending and approving wires, & booking new notes, renewals, and changes in terms.

There are important qualities you look for in an employer – meaningful work, community engagement, competitive benefits, commitment to employee development, and so many more. At Bankers Trust, our team members experience an inclusive and community-focused culture and we’re proud of the premier workplace we’ve created. We regularly receive best in class results through our biennial employee engagement survey. We’re also proud to receive recognition from others, including our designation as a “Best Place for Working Parents®,” being a four-time recipient of the Greater Des Moines Partnership’s Inclusion Award, and being named one of the “Best Businesses Supporting Local Charity” by readers of the Business Record.

Job Summary:

The Commercial Loan Operations (CLO) Specialist I supports the Commercial Lending Department by performing operational duties, which include, but are not limited to, processing payment and advance transactions, sending and approving wires, & booking new notes, renewals, and changes in terms. The CLO Specialist I books commercial loans onto the core system and performs system maintenance as needed.

Primary Functions and/or Responsibilities:

· Processes all bank owned non-parted and purchased loans, booking new notes, renewals, and changes in terms

· Reviews and interprets loan variables to ensure proper payment and advances requests on all commercial loans

· Approves and sends wires and ACH transactions

· Upholds the Swap loan process from loan booking, payment processing, billing reviews, and fee payments

· Reviews maintenance crosscheck, ticklers, late fees paid, and past due reports

· Navigates the core system and codes loan bookings and payment processing; understands the correlation and process of all coding entered into the core system for each type of commercial loan

· Develops effective working relationships with peers in all commercial lending departments to enhance level of service and customer experience

· Identifies cross-functional dependencies by shadowing other teams to understand how their work directly or indirectly impacts the Operations team

· Performs other duties as assigned

Education and/or Experience:

· High school diploma or GED preferred

· At least one year of previous loan operations experience is required

· Or a combination of education and work experience

Specific Skills, Knowledge & Abilities:

· Knowledge of Commercial and Commercial Real Estate loan documentation and processing

· Knowledge and understanding of loan transactions

· Knowledge of syndicated and participated loans

· Knowledge of FIS processing system or other related system

· Knowledge of commercial loan origination system, preferably Sageworks

Hiring Salary Range

The hiring range below reflects targeted base salary. Actual compensation will be determined based on the candidate’s prior related experience & education and will be finalized at the time of offer. In addition to base salary, most positions are also eligible to participate in our annual bonus program. Select positions may also be eligible to earn incentives and/or commissions. Hiring Salary Range: $21.00 - $25.00 (Annualized at 40 hours per week: $43,680 - $52,000)

Benefits

• Group Health, Dental, and Vision Insurance

• Generous Paid Time Off (PTO)

• Volunteer Time Off (VTO)

• 401(k) plan with lucrative company match

• Tuition assistance

• Company Paid Life Insurance

• Paid Parental Leave

• Lifestyle Accounts that provide employees with reimbursement for the things that are most important to them such as childcare, student loan payments, gym memberships, pet insurance and much more.

• Team Member Banking - a suite of products and services with special benefits for employees

Hybrid Eligibility: Position may be eligible for a hybrid work schedule (requiring some days in the office each week).

AFFIRMATIVE ACTION/EQUAL OPPORTUNITY EMPLOYER

“PROTECTED VETERANS” AND “INDIVIDUAL WITH DISABILITY”