Magnolia Bank is a community bank that has served the surrounding area for over 100 years. Our footprint includes banking centers located in Central Kentucky, mortgage offices throughout the U.S. and over 300 employees. We hold ourselves to the highest standard when it comes to providing an excellent customer experience through our personal way and the nurturing of our employees’ personal and professional growth. We keep a fun, friendly and engaging atmosphere all while living the Magnolia Values of Honesty, Integrity, Confidentiality, Excellence and Professionalism every day. Magnolia Bank is a customer focused bank that empowers, encourages, and engages our employees. Being Adaptive and Innovative is one of the main reasons Magnolia Bank continues to prosper.
We are currently seeking applicants for a Loan Operations Support Specialist II.
Essential Duties & Responsibilities:
- Maintain a current understanding of loan documentation
- Reconcile loan general ledger accounts daily
- Review daily loan maintenance to ensure accuracy
- Review loan payment ledger daily to ensure accuracy in posting
- Review new loan uploads to ensure accuracy/completeness in coding and documentation
- Ensure accurate exception tracking is recorded in core system for each loan
- Review loan modifications and new participation transfers for accuracy
- Review paid out documentation for accuracy
- Review Hazard and chattel insurance processes for accuracy
- Maintain Kentucky Livestock & Grain Market Report file
- Embrace and comply with the Bank’s policies and procedures
- Embrace and comply with the Bank’s Purpose, Core Values and Mission
Additional Duties & Responsibilities:
- Serve as back-up in uploading new, refinanced, renewed, and modified loans to core processing system
- Serve as back-up for processing daily participation remittance to investor
- Serve as back-up for scan verification of new loan uploads and miscellaneous loan documents
- Serve as back-up for Flood, Force Placed and all other insurance processing and tracking procedures
- Serve as back-up for insurance and tax escrow disbursement processing
- Serve as back-up for processing warehouse correspondent advance wires daily batch posting
- Other projects/duties as assigned by Loan Operations Officer
Ability to:
- Maintain confidential information
- Organize activities and handle multiple tasks simultaneously while maintaining accuracy
- Communicate effectively and efficiently with other departments within the bank
- Stay abreast of banking laws and regulations as they pertain to the position
- Quickly adapt to new procedures and processes as loan regulations change
Skills:
- Ability to research and analyze
- Strong attention to detail
- Excellent verbal and written communication skills
- Excellent organizational and time management skills
Knowledge, Skills, & Abilities:
Thorough knowledge of:
- Applicable banking regulations and how they relate to Magnolia Bank’s lending policies and procedures
- Bank’s loan platform and core processing systems as they relate to loans and job responsibilities
A High School Diploma or GED is required. Associates Degree in a business, finance and/or accounting concentration or a minimum of 2 years’ experience with loan documentation, loan processing and basic loan compliance preferred.
This position reports to the Loan Operations Officer.
If you want a place to work with opportunities to grow and a place that feels like home-come join us!
