The Loan Operations Specialist performs a wide variety of activities in the daily processing of loan transactions for First Bank & Trust and works closely with lending staff, including loan officers and processors.
Qualifications: A high school diploma, one year of education beyond high school, and two years of relevant experience or the equivalent are required. Knowledge of bank loan and accounting procedures is preferred. The role requires attention to detail, effective communication, and working collaboratively with team members across the company.
Principal Responsibilities:
Perform shared loan operations responsibilities, including:
Complete loan accounting activities for loans across the organization, which may include input of new loans, funding of new loans, loan payments, wire transfers, advances, loan extensions, loan file maintenance, and system-generated reports and related processing tasks.
Respond to customer loan inquiries and work with contacts at other institutions related to: loan participations, payments, and taxes.
Balance all loan totals to the general ledger daily and resolve discrepancies according to established procedures.
Work unposted loan transactions daily and correct any errors.
Enter and balance loan participation activity while adhering to legal lending limits.
Run automated workflow processes.
Perform review and verification processes for loan maintenance, automated workflows, loan uploads, and balancing.
Assist with training new team members, answering department questions, and completing assigned projects.
Act in accordance with FBT policies and procedures as set forth in the employee handbook.
Adhere to compliance procedures and participate in compliance training when required.
Compensation Grade
Hourly Grade 4
First Bank & Trust is an Equal Opportunity, Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression, national origin, disability, or status as a protected veteran. Read our complete Equal Employment Opportunity Policy Statement Applicants who would like to request reasonable accommodation to the application or interview process should call Human Resources at 800.843.1552 or email hr@bankeasy.com
First Bank & Trust is one of South Dakota's largest family- and employee-owned banks, with 22 locations in 17 towns in South Dakota and Minnesota.
For more than a century, financial institutions led by generations of the Fishback family have proven that banking professionals can be conservative risk managers and entrepreneurs at the same time. The same entrepreneurial spirit that led Horace Fishback Sr. to open his first check-cashing station in Brookings, SD in 1880 drives us toward our vision: To grow a diversified independent financial corporation that excels in delivering community banking services and providing niche products nationwide.
We are proud to be a family- and employee-owned community bank. Our 700+ employees take pride in our Be the 1 Service Culture principles - and it shows! We offer all of the strength and capabilities you might expect from a big-bank, but still have the flexibility and responsiveness of an independent local bank.
Let us show you how we make banking EASY.
{Member FDIC; Equal Housing Lender}
