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The Loan IQ Sr. Analyst is a developing professional role which integrates in-depth specialty knowledge with a solid understanding of industry standards and practices; demonstrates good understanding of how the team and area integrate with others in accomplishing the objectives of the subfunction/ job family. Applies analytical thinking and knowledge of data analysis tools and methodologies. Breaks down information in a systematic and communicable manner. Developed communication and diplomacy skills are required in order to exchange potentially complex/sensitive information. Moderate but direct impact through close contact with the businesses' core activities. Quality and timeliness of service provided will affect the effectiveness of own team and other closely related teams. Individual must be accountable, ethical, results oriented, trustworthy, and credible.
Job Responsibility:
Manage preparing and reviewing loan documentation while providing support to a variety of tasks related to the loan process
Independently process and close loans within a complex loan operations environment
Deal with most loan-related problems independently and has some latitude to resolve complex issues
Apply judgment when interpreting data, preparing reports, and presents findings to management
Make resolution recommendations based on identified trends and facts
Design and analyze complex reports often related to loan documentation processes
Participate in and support the implementation of projects and process improvement initiatives
Interpret data and make recommendations for the launch of new products/services and upgraded platforms
Demonstrate a understanding of the loan documentation processes to identify policy gaps and formulate policies
Minimize risk to the bank through a solid understanding of procedural requirements
Timely escalation and resolution of all inquiries and issues related to loan documentation
Provide informal guidance and/or on-the-job-training to new team members
Work closely with own team and internal stakeholders in order to meet client needs
Have direct interaction with external customers to disseminate or explain information
Appropriately assess risk when business decisions are made
Requirements:
2 - 5 years relevant experience
Experience with Loan IQ is a must
Basic knowledge of Business Processes, Systems and Tools used in the Loan Process
Demonstrate understanding of Loan Processes, Procedures, Products and Services
General awareness of managing, preparing, and reviewing loan documentation
Able to identify, mitigate, manage, resolve, and escalate risks and issues
Reasonable awareness of risk types, policies and control measures and processes
Comply with applicable laws, rules, and regulations, and adhering to Policies
Bachelor’s/University degree or equivalent experience
What we offer:
Medical, dental & vision coverage
401(k)
Life, accident, and disability insurance
Wellness programs
Paid time off packages including vacation, sick leave, and paid holidays
Discretionary and formulaic incentive and retention awards
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