Loan Operations Specialist III

Native American Bank N A•Denver, CO

1d•$48,000 - $72,000•Hybrid

About The Position

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 position will work closely with Lenders, Credit Staff and Bank customers in addition to Loan Operations team members. This role is only open to candidates currently residing within a 45 miles radius from Denver, CO. at this time

Requirements

Excellent attention to detail.
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.
Comprehensive understanding of safe and sound credit underwriting and administration practices and procedures
Advanced knowledge of Microsoft Excel is required.
Proficiency in Microsoft applications.
Advanced knowledge of commercial lending, laws, and documentation.
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.

Nice To Haves

Knowledge of SBA guidelines, processes and regulations governing servicing actions preferred.
Knowledge of government guarantees is preferred.

Responsibilities

Oversee day-to-day workflow to ensure efficient operations.
Formulate, develop and implement loan operations procedures and policies, while ensuring adequate internal controls are in place.
Review and interpret new regulations, updating the compliance program as necessary.
Adheres to all State and Federal Regulations by researching new policies and procedures and implementing them accordingly.
Receives and researches new regulations, policies and procedures and implements them.
Staying current on compliance and regulations by attending seminars and reading available information.
Ensure necessary changes or recommendations have been implemented as directed.
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.