Loan Operations Specialist III

Loans Operations Specialist III

Native American Bank is a one-of-kind institution that is an Agent of Change for Native Communities. At our core, we are committed to the vision and mission of the Bank. We believe our employees are our greatest asset, and we are at our best through teamwork.

The Loans Operations Specialist III will oversee the closing processes for commercial, consumer, and construction loans, manage construction draw requests, and provide customer service while communicating with third parties such as attorneys and vendors. This role is responsible for reporting, lien perfection, lien terminations, and document imaging, working closely with lenders, credit staff, bank customers, and the Loan Operations team.

*This role is only open to candidates currently residing within a 45 miles radius from Denver, CO. at this time

Responsibilities

• Oversee day-to-day workflow to ensure efficient operations.
• Make suggestions for formulation, development and implementation of loan operations procedures and policies, while ensuring existing internal controls are adhered to.
• Review and interpret new regulations and inform Loan Operations or Compliance Management should updates to the Compliance Program be necessary.
• Adheres to all State and Federal Regulations by researching new policies and procedures and implementing them accordingly.
• Ensure compliance with the requirements and regulations of government-guarantee credit enhancement programs such as BIA, SBA, HUD, and USDA, and complete all relevant documentation to guarantee that all government conditions are met.
• Prepare and submit monthly and quarterly reports for board meetings, including reports on government guarantees and other necessary documents.
• Provide technical expertise and resolve complex issues, critical business matters, inquiries, and complaints from both internal and external customers.
• Oversee the processing of new and renewed loans, including onboarding to the core system, perfecting security interests, processing subsequent advances and payments, maintaining negotiable collateral files, and processing adverse actions.
• Oversee the processing of construction draws and collaborate with internal loan documentation software and external vendors, such as attorneys or SBA consultants.
• Work with internal loan documentation software as well as external vendors such as attorneys or SBA consultants.
• Responsible for imaging documents into cold storage.
• Review loan files to ensure completeness, accuracy, and regulatory compliance standards.
• Manage the processing of special assets, charged off accounts, repossession, participations, and syndications.
• Prepare for audits and examinations addressing and remediating any audit findings or exceptions.
• Serve as liaison to both external and internal auditors
• Performs other related duties as necessary or assigned.

Qualifications

• Excellent attention to detail.
• Knowledge of SBA guidelines, processes and regulations governing servicing actions preferred.
• Ability to read and interpret complex documents.
• General understanding of accounting-related topics that impact loan portfolios.
• General understanding of regulatory requirements and comprehensive understanding of reporting standards.
• Advanced knowledge of Microsoft Excel is required.
• Proficiency in Microsoft applications.
• Knowledge of government guarantees is preferred.
• Advanced knowledge of commercial lending, consumer and commercial lending compliance laws and regulations, and loan documentation standards.
• Must have ability to work independently, be flexible, multi-task and organize priorities in a fast-paced work environment.
• Strong analytical skills, combined with sound judgment and decision-making abilities.
• Bachelor's degree in business related fields preferred.
• 7+ years previous experience in commercial lending with a deep background in loan processing and funding, loan documentation, collateral perfection, and portfolio maintenance required.

Physical Requirements

• Prolonged periods of sitting at a desk and working on a computer.
• Must be able to lift 15 pounds at times.

Benefits

• Competitive salary and benefit package
• Professional development opportunities
• Health, Dental and Vision Insurance
• Health Savings Account with company contribution
• Employer paid Short-term and Long-term disability insurance
• Employer paid Life Insurance
• 401(k) plan and matching
• RTD Eco Pass (Denver) / ORCA (Seattle)
• Pet Insurance
• Paid Time Off
• Volunteer Time Off

Company Culture

Native American Bank is a full-service community bank committed to meeting the financial needs of individuals, businesses, and non-profits within the Native American community and beyond. Our focus is on delivering a personalized banking experience that honors cultural sensitivities. Since our founding in 2001, our mission has been to empower Native American and Alaskan Native individuals, enterprises, and governments by providing affordable and flexible banking and financial services tailored to their unique goals.

We take pride in cultivating personal relationships with our customers while upholding the highest standards of professionalism. Our diverse range of services includes personal and business banking, lending solutions, and more, all designed to support our clients' aspirations.

At Native American Bank, we go beyond traditional banking by encouraging our employees to engage in community service through our Mission in Motion program. We believe in giving back and nurturing a collaborative spirit among our neighbors. By joining Native American Bank, you play a crucial role in helping our community thrive while ensuring that our financial practices are guided by our cherished traditional values.

Additional Information

• Pass background check prior to hire.
• This position allows for a hybrid schedule.
• This role is only open to candidates currently residing within a 45 miles radius from Denver, CO. at this time.
• The annual salary range for this full-time position: $53,500 - $80,500.