United Bankers' Bank (UBB) is the nation’s first bankers’ bank, providing services to over 1,000 community banks. They are seeking a Loan Documentation Specialist to join their Loan Operations team, where the role involves preparing and tracking loan documentation while ensuring integration with accounting systems.
Responsibilities
- Prepares/Generates new loan documentation, generates promissory notes, security agreements, limited/unlimited guarantees and participation agreements/renewals/extensions/modifications
- Prepares correspondence to accompany mailed loan documents
- Creates new loan file/folder, if applicable, and creates working file for pending documents
- Enters collateral and insurance information, and sets up pending collateral documents in Sageworks system to track collateral and make sure we have final copies of documentation
- Boards/Enters loans onto Jack Henry/Loan system, making sure they are set up correctly, following the terms of the note
- Tracks original loan documents
- Monitors Paid Loan History Records and determines status and needs of collateral
- Monitors weekly FF and Libor rates, along with Senior Documentation position
- Sends notice of all changes to Loan department
- Maintains list of contact names, sends requests to add branch locations and team requests to add loans to secure file transfer
- Maintains collateral safekeeping records
- Issues collateral receipts for new stock certificates and return collateral receipts/certificates for stocks being released
- Maintains original note and safekeeping drawers
- Performs yearly audits of each, along with Senior Documentation position
- Facilitates running the system monthly reports
- Sorts and distributes daily mail
- May serves as backup for loan payments/advance requests
- Assists with maintenance and tracking of Construction loans
- Assists with monitoring and tracking Real Estate property tax information
Skills
- Associate's degree in Accounting or related field or high school diploma plus equivalent work experience
- 1 - 2 years of loan documentation experience, specifically with Loan documentation generation/creation
- Excellent attention-to-detail
- Strong interpersonal skills, to include the ability to communicate with all levels of employees throughout the organization and outside of the organization
- Microsoft Office (Word, Teams and Excel)
- Excellent written and verbal communication skills
- Problem solving skills
- Strong ability to work on multiple tasks/priorities and meet deadlines
- Knowledge in credit file setup and organization, loan documentation review and follow up, and exception tracking software utilization
- Commercial loan documentation experience
- AS400/Loan System experience
Benefits
- Medical, Dental, and Vision
- HSA with a generous company contribution
- Medical and Dependent Care Flexible Spending Accounts
- 401(k) plan with a 3% company contribution, plus up to an additional 1% match -Roth option available
- 12 Paid holidays
Company Overview
- First for Your Success Starts with UBB - the Nation's First Bankers' Bank When the founders of UBB gathered together in 1975, they faced a serious threat. It was founded in 1975, and is headquartered in Bloomington, Minnesota, USA, with a workforce of 51-200 employees. Its website is https://www.ubb.com.