Loan Administrative Assistant

Loan Administrative Assistant

Working at The Bank of Missouri

At The Bank of Missouri we know it takes great people to support the communities we serve! We are passionate about caring for people and communities, and know how to recognize and reward our employees for their talent and contributions. When you work at The Bank of Missouri, you not only get to help others, but you also get the resources, opportunities and support to grow your own career.

Staying in business for more than 130 years is hard. Really hard. If you think about it, we've endured many events, like the Great Depression and two World Wars. We've survived and thrived, thanks to our great customers and communities. We were founded on core values of accountability, community service and financial conservatism. Those principles are the reason we are still in business today. Caring for people and communities is our foundation! We've built a reputation of being financially secure and community focused. We are an independent community bank and fully intend to stay that way. We are big enough to accommodate any financial need, yet small enough to give every customer the personal treatment they deserve.

Here are some of the great benefits you will enjoy as a member of our team:

• Competitive salary
• Personal paid time off and paid holidays, as eligible
• 401K and Employee Stock Option Plan, as eligible
• Generous medical, dental, vision, life and disability insurance
• Fitness reimbursement
• Learning, development and growth opportunities

About this job:

Loan Administrative Assistants are responsible for producing correspondence, scheduling and assisting Officers in management of client relationships and maintaining client account files/relationships in conformity with bank policy and regulatory requirements. They also perform loan processing, closing, set-up, and follow-up (servicing) responsibilities associated with the documentation and posting necessary in granting credit to the Banks borrowers.

As a Loan Administrative Assistant, you will:

• Maintain educational and professional expertise by completion of relevant on-line or in-house training, and/or through attendance at job related seminars, conferences, and workshops.
• Maintain confidentiality of customer account information. Follow established policies and procedures in responding to inquiries and requests.
• Perform full range of duties pertaining to the loan processing/closing/servicing function, including, but not limited to the following: pull system inquiries to obtain credit history information on potential borrowers, answer customer inquiries, prepare processing and closing documents for new and refinanced loan closings.
• Review files to ensure that proper documents and disbursements are prepared accurately for loan officer or assistant performing the closing.
• Obtain pay-off information as necessary. Demonstrate ability to review files after closing to ensure that all documents are signed and checks are disbursed.
• Review loan document requirements prior to and after loan closing in conformity with compliance requirements
• Complete loan disbursements for clients timely and accurately.
• Prepare various legal documents to ensure proper lien on collateral of loan client.
• Type correspondence including memos, letters, mailings and file comments.
• Read and route incoming mail. Locate and attach appropriate file to correspondence to be answered by employer.
• Organize and maintain file system, filing correspondence and other records.
• Courteously answer and screen telephone calls.
• Courteously greet scheduled visitors and direct to appropriate area or person.
• Fed Ex loan papers to customers.
• Notarize signatures for loan closings and customers.
• Conduct research on file history in preparation for client meetings or in response to auditory inquiries.
• Process all types of loan payments.
• Forward lien requests to Recorder and follow-up to insure proper recording of liens. Prepare releases and satisfactions for loans.
• Request yearly financial updates, annual reports, and current tax filings from borrowers.
• May handle loan exceptions and communicate with appropriate loan officers in that regard.
• Make copies of correspondence or other printed materials
• Prepare outgoing mail and correspondence, including e-mail and faxes for loan officers.

Qualifications for success:

Associates Degree in business related field plus additional bank-related training and secretarial training; or three to four years related experience and/or training; or equivalent combination of education and experience.

The Bank of Missouri is an Equal Opportunity Employer.