Prairie State Bank & Trust · 1 day ago
Loan Administrator
Springfield, IL
Full-time
Onsite
New Grad, Entry LevelPrairie State Bank & Trust is a locally owned community bank in Central Illinois, seeking a Loan Administrator to facilitate lending functions for commercial and consumer loans. The role involves managing loan portfolios, processing requests, and providing customer service related to loans.
BankingFinancial Services
Responsibilities
Communicating with customers, assisting lenders with all service-related communications. This may include serving as a liaison between customers and lenders when lenders are working out of the office for various types of requests and assisting customers with questions and problem-solving
Developing and maintaining a strong working knowledge of loan documentation, ensuring that terms are accurately reflected and the bank’s intended collateral position is achieved and preserved
Developing and maintaining a comprehensive understanding of the various banking regulations that govern the lending activities in which the bank is engaged and manage the loan portfolio to a high level of compliance with these regulations
Managing the loan origination and closing process including the recording of loans on the bank’s core data system, interface with third party providers for such things as appraisals and real estate title work, and tracking of outstanding documentation items
Preparation of periodic EXCEL based financial statements designed to monitor regional performance
Assist in preparing and organizing the process for loans meeting the criteria for annual financial collection and formal review of customer relationships
Regularly running and delivering reports to aid in the management of the region’s loan portfolio
Using information from regularly available reports, investigate items which appear unusual or irregular to identify potential posting or other errors
Qualification
Required
Talented and hardworking individuals who are looking to start their career with a growing company
Motivated to learn
Great communication skills
Passion for working on a team
Help facilitate the lending function for in-house commercial and consumer purpose loans and for secondary market home loans
Help the lenders manage their existing loan portfolios
Process new requests and perform loan customer service related duties
Communicating with customers, assisting lenders with all service-related communications
Developing and maintaining a strong working knowledge of loan documentation
Ensuring that terms are accurately reflected and the bank's intended collateral position is achieved and preserved
Developing and maintaining a comprehensive understanding of the various banking regulations that govern the lending activities
Manage the loan portfolio to a high level of compliance with these regulations
Managing the loan origination and closing process
Recording of loans on the bank's core data system
Interface with third party providers for appraisals and real estate title work
Tracking of outstanding documentation items
Preparation of periodic EXCEL based financial statements designed to monitor regional performance
Assist in preparing and organizing the process for loans meeting the criteria for annual financial collection and formal review of customer relationships
Regularly running and delivering reports to aid in the management of the region's loan portfolio
Investigate items which appear unusual or irregular to identify potential posting or other errors
Being detail-oriented
Being able to work under pressure of deadlines
Having strong oral and written skills
Working with Microsoft Word and Excel
Quickly learning new processes
An ability to walk customers through closing processes in person, via phone, in writing and through Teams or Zoom
Being able to work independently
Displaying a professional attitude
Maintaining a positive attitude while able to adapt to potentially quickly changing priorities
All candidates will be required to undergo a pre-employment credit/background check and drug screen
Benefits
Competitive benefits and compensation
Base compensation with bonus plan
401(K) with employer matching
Employer paid health/life insurance
Vacation
Paid holidays
Sick leave
Company
Prairie State Bank & Trust
Prairie State Bank and Trust are a banking services for business or personal banking, checking, savings, loans, and financial services.
Founded in 1968
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Jamie Kuhlmann
Chief Financial Officer
Hilary Patterson
Chief Marketing Officer
Company data provided by crunchbase