Manager of Loan Operations – Up to $110K – Arlington Heights, IL – Job # 1913
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 client is seeking to fill a Manager of Loan Operations role in the Arlington Heights, IL market. The successful candidate will be responsible for overseeing all daily Loan Operations functions including booking of new commercial loans, bought/sold participations, payment of real estate taxes and escrowed insurance, and booking financial and collateral ticklers, etc. Also, managing daily processing and production of all loan files and documents.
This position offers a generous target salary of up to $110K plus bonus and a full benefits package.
Loan Operations Manager responsibilities include:
- Leading and directing the activities of the Loan Operations Department personnel, ensuring all processing deadlines and service standards are met.
- Providing maintenance on the loan system, accurately processing loan transactions, including loan payments, payoffs, advances, escrows, participations, maintaining data on the system for new and renewed loans.
- Overseeing and direct involvement with CRE, C&I, and SBA loans (Opening, Processing, Closing, Compliance, Investor Delivery, and Accounting).
- Preparing and final review/approval of all construction draws.
- Assisting the controller with loan operations accounts.
- Interviewing and hiring Loan Operations staff; determines work priorities; schedules work assignments; orients, trains, and evaluates work performance; and provides ongoing recognition, mentoring, coaching, and counseling.
- Ensuring compliance with policies and procedures and federal and state laws.
- Assisting with the processing of loan payments, payoffs, repayments, and repurchases for loans, including charged-off and non-accrual loans.
- Interacting with FDIC, State, and 3rd party auditors and examiners.
- Maintaining and demonstrating proficiency in loan software applications.
- Preparing financial budgets, ensures compliance/achievement of the financial plan, and analyzes budget information for comparison of actual to plan.
- Producing management reports associated with loan servicing such as productivity reports, trend reports, accrual and fee accounting, progress reporting, etc.
- Completing monthly and quarterly FHLB QCR reports, and ensuring loans are accurately coded for eligibility.
- Reviewing HDMA reportable loan input in various servicing system for reporting compliance.
- Resolving credit policy issues identified internally or by the regulators by coordinating due diligence efforts with bank personnel.
- Resolving complex and sensitive loan operations and customer servicing issues.
- Representing Loan Operations in meetings with branches, account officers, and department managers.
- Keeping abreast of new and changing technologies within the loan services arena. Serving on committees that involve technological and system change and collaborates with others in the Bank to research and review proposals.
- Developing, achieving and delivering loan operations service standards.
- 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:
- Bachelor’s Degree required; however, industry experience may be taken into consideration.
- Three or more years of managerial/team lead experience.
- Excellent oral and written communication skills required to establish goals, direct and evaluate staff; interact with employees, industry peers, and outside vendors; make recommendations; prepare reports; and conduct presentations.
- Tactical as well as a strategic thinker, with excellent leadership skills.
- Excellent organization, project management, execution, and delivery skills. Must be able to multi-task with frequent interruptions; be comfortable in a fast-paced, changing environment; and manage multiple projects to conclusion on time.
- Comfortable with metrics-based performance, including the ability to meet critical deadlines.
- Ability to remain flexible and withstand unpredictable changes to schedules and deadlines.
- Prior experience with MS Office, LaserPro, FiServ system, and Core System preferred.
The next step is yours. Email us your current resume along with the position you are considering to:
