Loan Quality Specialist I

Loan Quality Specialist

As a Loan Quality Specialist, you will be responsible for conducting comprehensive reviews of Ag and Commercial loans within a specified timeframe after origination. This role involves coordinating with administrative assistants and lenders to ensure timely routing of loan information, consistent documentation tracking, accurate loan coding, and monitoring of policy and guideline exceptions. You will also ensure adherence to all federal and state laws and regulations while maintaining consistent and accurate loan files.

The position requires independent judgment and discretion in identifying issues, preparing reports for management, and recommending process or procedural enhancements. Additional responsibilities include assisting with the creation of accurate loan documents for Commercial, Ag, and Retail departments, ensuring compliance with banking regulations and policies, and supporting AccuAccount administration.

In addition, our FIRST Values apply to all teammates without exception.

FIRST Values

• Family We support, trust, and respect each other, our customers, and our shareholders.
• Independence & Innovation We embrace change as vital to our success.
• Relationships We build relationships that are based on strong character, mutual loyalty, trust, and respect.
• Stewardship We take care of ourselves so we can take care of others.
• Teamwork We help each other grow and succeed.

Who we are:

The First National Bank in Sioux Falls began its long-term commitment to the Sioux Falls area in 1885. The oldest bank in Sioux Falls owes its longevity to a combination of service, stability, innovation, and family involvement. Over the past 140 years, The First National Bank in Sioux Falls has worked diligently to promote the growth and vitality of our city and the surrounding area. The Bank strives to continually be recognized as a community leader by reinvesting financial resources back into the communities it serves and encouraging active employee involvement in community volunteer organizations.

The First National Bank Way, which is a blend of our Mission Statement and FIRST Values, serves as the foundation of our culture. It is a gift that has been passed down to us and is the legacy that we will protect and preserve. Nothing is more important to us it is the cornerstone of our success.

Our culture is driven by integrity, service, and strong values; nothing has shaped it more than our FIRST Values.

Our FIRST Values are not just words; they are truly felt by our employees, customers, shareholders, and communities. They tell us who we are as a business and guide our behaviors and decisions as we move forward and build successful relationships.

Although banking has evolved over the years, our mission and values have not and will not change.

What will you do:

Accountabilities

Business Loan Review and Reporting

Review loan files and documentation for accuracy and acceptance based on established Loan policy. Analyze and interpret guidelines and apply understanding to reviewing documents and credit information.

• Monitor timely receipt of critical loan documents and file them appropriately. Identify missing/incorrect documentation in loan files and report issues through proper channels.
• Review all file documentation for loan files, including title commitments and policies, UCC's, letters of credit, insurance policies, liens (collateral perfection), releases, commercial entity constituent documents and other documents relating to the loan.
• Perform loan quality post review to ensure required loan documentation has been properly executed. Monitor regulatory documentation requirements are fulfilled and uploaded to the imaging system setting exceptions for any missing documentation.
• Develop thorough understanding of all bank policies including bank loan policy, government regulations, and compliance requirements involving commercial lending.
• Enter loan quality findings in spreadsheet to ensure remediation. Notify lending personnel of potential problems and makes recommendations to resolve potential problems or conflicts with a loan, collateral, or documentation.
• Follow written policies, standards, and procedures for how the remediation and monitoring programs are designed to function. Utilize a tracking spreadsheet to categorize the errors found and when corrections are made in the loan system.
• Validate imaged documents and loan documentation exceptions.
• Manage Teammate access to AccuAccount.

Loan Documentation

Create loan documentation and reviewing that insurance documentation is accurate and in compliance with laws, regulations, policies, and procedures.

• Accurately code loans following procedure in place and create loan document for consumer loans.
• Complete due diligence review of documentation requests to validate compliance with bank regulations and internal policies and procedures.
• Communicate with lending personnel to resolve discrepancies, identify missing documentation, and obtain additional information when necessary.

Partner with Others

Partner with others to ensure team goals are met.

• Participate in cross-functional training to support all areas within the Loan Operations team.
• Champion change management initiatives and serve as a role model for change in the organization.

Qualifications

Secondary education in business or related field preferred. One or more years of relevant work experience or a combination of education/experience that would enable incumbent to meet accountabilities and required competencies of the position. Experience in banking preferred.

Skills and Abilities

• Goal-oriented and self-motivated.
• Excellent verbal and written communication skills.
• Excellent organizational skills and attention to detail.
• Ability to conduct relationships in a manner that ensures cooperation and positive results.
• Working knowledge of Microsoft Office programs and be able to learn job-related software.
• Ability to adapt to the needs of the organization and teammates.

What's in it for you?

• Health Insurance
• Dental & Vision Insurance
• Profit Sharing
• Paid Vacation & Holidays
• Company paid short and long term disability
• Tuition Reimbursement Program
• Employee Banking Perks
• Community Volunteer time
• And More!