Loan Operations Specialist – Chicago, IL – Job # 2292

Who We Are

The Symicor Group is a boutique talent acquisition firm based in Lincolnshire, IL & San Antonio, TX. Our nationally unique value proposition centers around providing the very best available banking and accounting talent. In fact, most of our recruiters are former bankers or accountants themselves!

We know how to evaluate the very best banking and accounting talent available in the market. Whether you are a candidate seeking a new opportunity or a bank or company president trying to fill an essential position, The Symicor Group stands ready to deliver premium results for you.

The Position

Our bank client is seeking to fill a Loan Operations Specialist role in the Chicago, IL market. The candidate will be responsible for maintaining the real estate tax and insurance escrow payments, balances and disbursements, maintaining loan collateral system and its components, verifying accuracy of daily loan system information, completing daily reconciliations, approving loan customer information (CIP) and regulatory reporting, processing loan payments, preparing general ledger reconciliations, monthly loan operation department reports, and handling customer inquiries.  

Loan Operations Specialist responsibilities include:

  • Performs loan tasks, including but not limited to: loan boarding, loan payoffs, loan denials, loan modifications, subordinations, tickler updates, monthly insurance reconciliations, and collateral vault maintenance.
  • Boards loans and completes quality control to core system.
  • Performs Flood Insurance requirements and responsibilities.
  • Research payment issues and discrepancies. Resolves any loan exceptions or corrections.
  • Scans, files, and refiles documents in file room and imaging system.
  • Perform Verify that all data entered into the loan system is accurate based upon supporting loan documentation.
  • Review the daily loan reconciliation process for key loan categories to assure that the reconciliations are correctly completed, and reconciling items are properly identified.
  • Process loan payments and disbursements, and services loan payments with participation banks.
  • Process Construction Draws.
  • Perform Loan System maintenance as needed.
  • Provide assistance to other Loan Operations functions as needed.
  • Process Paid Loan Files.
  • Perform Home Mortgage Disclosure Act reporting and related loan system procedures.
  • Update and maintain the existing real estate tax escrow database information, complete periodic escrow analyses and coordinate payment of real estate taxes and hazard insurance premiums.
  • Maintains standard operations procedural documentation.
  • Assist customers with loan-related inquiries.
  • Supports department conversion initiatives and new product launches.
  • Conducts report writing as needed or assigned.
  • Prepare Monthly and Quarterly Loan Operations reports.
  • Other duties as assigned.

Who Are You?

You’re someone who wants to influence your own development. You’re looking for an opportunity where you can pursue your interests and your passion. Where a job title is not considered the final definition of who you are, but merely the starting point for your future.

You also bring the following skills and experience:

  • Minimum of five years experience in commercial loan operations.
  • Experience in utilizing Fiserv loan system product is a plus, with expertise in loan origination, loan modification and loan disbursement procedures, and preferred experience in tax escrow processing.
  • Knowledge of customer information and Home Mortgage Disclosure Act reporting requirements and possess strong computer skills and including a comprehensive knowledge of Microsoft Officer products.
  • Must have excellent written and verbal communication skills and good figure aptitude.

The next step is yours.  Email us your current resume along with the position you are considering to: