Loan Operations Business Application Specialist

Loan Operations Business Application Specialist Racine, Wisconsin Hybrid Credit/Loan Support Services 3377 Get future jobs matching this search or Job Description Overview The Loan Operations Business Application Specialist is responsible for the day-to-day loan servicing of commercial and/or consumer loans, including participation loans. The role ensures accurate loan processing, timely remittance of funds, compliance with credit agreements and effective communication with agents, participants and internal partners.

KEY RESPONSIBILITIES

Service both commercial, including participations and agent loans, and consumer loans; in accordance with credit agreements, participation agreements and internal policies. Process loan funding, paydowns, rate changes, repricing and commitment extensions. Calculate and apply interest, fees, and principal payments. Prepare and distribute loan notices, payment advices, and funding requests to participant banks. Support onboarding of new facilities and amendments. Communicate effectively with internal business partners and participants. Monitor system reports for accuracy and resolve any exceptions. Reconcile loan general ledger accounts; investigate and resolve discrepancies, exceptions and cash differences. Ongoing monitoring of Flood Insurance on all RE Secured loans designated in a flood Zone. Ensure Current and correct flood insurance is received and information is input into loan system. Execute Force Place insurance process on any lapsed or cancelled policy. Other duties as assigned.

JOB REQUIREMENTS - EDUCATION, KNOWLEDGE & SKILLS

1 - 3 years' bank experience highly desirable; loan operations/loan support role preferred Excellent PC skills including Microsoft Office applications. Requires the ability to effectively research and solve problems independently. Must possess strong attention to detail and be able to function in a fast-paced environment with demonstrated ability to balance multiple priorities. Strong communication and organizational skills required. Must be self-motivated and able to collaborate in an agile team environment. Come as you are. Our culture embraces diversity, equity, & inclusion; one where everyone feels valued and heard. For more information on JFG's culture and diversity efforts, including our employee resource groups, please visit the Diversity section of our career website.