Loan Discounter

Loan Discounter

Work Happy is in line with our Bank Happy philosophy. At CBSI, we are committed to providing the highest level of employee support, whether through our benefits, our professional development or our challenging but rewarding professional experiences. We are dedicated to helping you succeed. We believe engaging and empowering our employees is key to our success and our Work Happy mission. Community Bank System, Inc. is looking for a Loan Discounter in our Indirect Lending Department located in Olean, NY. This exciting opportunity offers career growth within a full service financial institution that has been in business for over 150 years and is one of Forbes Top 12 twelve years running!

In addition to our Work Happy Mission, as a dedicated Loan Discounter, you will be rewarded with a competitive salary and benefits including : 10 paid holidays, paid vacation, Medical, Vision & Dental insurance, 401K with generous match, Pension, Tuition Reimbursement, Banking discounts and the list goes on!

Overview

This position will review, evaluate and retain several reserve payment structures by product and state. The Discounter will need to accurately fund or deny funding of installment loan contracts according to the Indirect Department and Bank policies and guidelines.

Basic Qualifications

Education, Training and Requirements :

• High School Diploma or GED required
• Associates Degree or equivalent in work experience preferred

Skills

Strong work ethics, attention to detail and proven organizational and analytical skills. Ability to prioritize and work effectively under time constraints. Good written and verbal communication skills. Moderate computer and typing skills. Familiar with Microsoft Word / Excel. Good customer service skills.

Experience

Two (2) to (four (4) years banking experience preferred with knowledge of the Banks lending products and services as well as a working knowledge of the required documentation for all loan types.

General Function

This position will review, evaluate and retain several reserve payment structures by product and state. The Discounter will need to accurately fund or deny funding of installment loan contracts according to the Indirect Department and Bank policies and guidelines.

Essential Responsibilities

Enter and evaluate loan package documentation for accuracy and adherence to compliance and procedure. Ensure the accuracy of contract figures, disclosures, signatures and documentation for the loan type and contract funding. Identify errors in calculations and / or missing documentation; work with dealership for corrections and help maintain department exceptions. Refer major loan violations to supervisor / manager for review. Disseminate and process mail, exception bags and loan bag runs. Manage logs and spreadsheets used by the department. Perform other related duties as assigned or directed. Maintain proficient knowledge of, and demonstrate ongoing compliance with all laws and regulations applicable to this position, ensure ongoing adherence to pertinent policies, procedures, and internal controls, and meet all job-specific training requirements in a timely fashion.

Hours : 40 hours per week; includes rotating late shifts, assigned Saturdays and some Holidays

Location : Olean, NY

Compensation : Level to be determined by experience. This position also provides potential for additional compensation, including an annual performance based merit increase and bonus, along with the generous benefits package mentioned above.