Loan Operations/Disbursement Specialist

Job Title: 
Loan Operations/Disbursement Specialist
Position Type: 
Full-Time
Location: 
Redwood City
Summary: 

The Loan Operations/Disbursement Specialist role is to assist our Construction Loan Officers/Managers in gathering and analyzing Draw information on current and past draws.

Essential Functions and Basic Duties: 
  • Assist with managing construction loans: analyze draw request to ensure compliance with policies & procedures.
  • Assist with the setup of client spreadsheet/disbursement files and if needed contact customers to arrange for orientation meeting with regards to the disbursement process.
  • Set up folders and save all disbursements documents to include: Draw Request, Endorsements, Inspection Reports and Spreadsheet in the Shared Drive.
  • Provide superior customer service in order to ensure client satisfaction.
  • Process both routine and complex monetary and non-monetary transactions.
  • Coordinate with title companies to research and verify titles and endorsements.
  • Coordinate with insurance companies for required policies including: Course of Construction, General Liability and Worker's Compensation Insurance.
  • Provide assistance to relationship managers regarding overdraft accounts and other tasks assigned.
  • Participates in the on-going computerization of the loan review function and file setup for Audits/Exams.
  • Performs other duties as required.
Qualifications and Desired Skills: 
  • Associate or Bachelor’s Degree in finance, accounting, business, or related field.
  • Basic knowledge of commercial, construction, real estate and consumer loan processing. 
  • Understanding of financial statements, tax returns and basic financial analysis.
  • Understands government regulations with particular emphasis on the Bank Secrecy Act and related regulations and the fact that compliance with BSA regulations is an enterprise responsibility.
  • Strong analytic and computer skills, interpersonal skills and organizational skills.
  • Ability to effectively present information, verbally, and in writing. 
Experience Required: 

Minimum of two years’ experience in a financial institution in an accounting/financial, lending, or related area. Real estate lending experience preferred.

Updated: 
Tuesday, January 7, 2020