Loan Assistant

Loan Assistant

The Loan Assistant is primarily responsible for assisting commercial lenders by verifying, compiling, and completing loan applications. This position prepares new loan requests to submit to loan processing and reviews the loan file to verify that data is complete and meets established standards. The Loan Assistant processes the documentation for loans and extensions. This position closes loans, prepares for booking, computes payment and interest, and handles telephone inquiries promptly and professionally.

To perform this job successfully, an individual must be able to perform each essential duty mentioned satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

Education and experience: High school or GED, plus specialized schooling and/or on the job education in a specific skill area; e.g. data processing, clerical/administrative, equipment operation, etc, plus 2 years related experience and/or training, or equivalent combination of education and experience.

Communication skills: Ability to read and understand documents such as policy manuals, safety rules, operating and maintenance instructions, and procedure manuals; Ability to write routine reports and correspondence. Ability to effectively communicate information and respond to questions in person-to-person and small group situations with customers, clients, general public and other employees of the organization.

Mathematical skills: Ability to add, subtract, multiply and divide numbers. Ability to perform these mathematical skills using money and other forms of measurement.

Critical thinking skills: Ability to utilize common sense understanding in order to carry out written, oral or diagrammed instructions. Ability to deal with problems involving several known variables in situations of a routine nature.

Required certificates, licenses, registrations: Not indicated.

Preferred certificates, licenses, registrations: Notary Public

Software skills required: Intermediate: Word Processing/Typing. Basic: 10-Key, Accounting, Alphanumeric Data Entry, Contact Management, Database, Spreadsheet.

Working conditions: Periodically exposed to such elements as noise, intermittent standing, walking, occasionally pushing, carrying, or lifting; but none are present to the extent of being disagreeable.

Environmental conditions: The following work environment characteristics described here are representative of those an employee encounters while performing essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The noise level in the work environment is usually moderate.

Physical activities: The following physical activities described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions and expectations.

Semi-repetitive, low physical. Semi-repetitive type work which requires periods of concentration for varied time cycles as prescribed by the tasks.

While performing the functions of this job, the employee is frequently required to sit, use hands to finger, handle, or feel, talk or hear; and occasionally required to stand, walk, reach with hands and arms, climb or balance, stoop, kneel, crouch, or crawl. The employee must occasionally lift and/or move up to 25 pounds; frequently lift and/or move up to 10 pounds. Specific vision abilities required by this job include color vision; close vision; distance vision; and ability to adjust focus.

Additional information: Previous loan or loan documentation experience - Good understanding of financial institution products and services - Time management: the ability to organize and manage multiple priorities - Excellent proof-reading skills and attention to detail - Strong team player - Basic computer proficiency.