Position Summary:

The Loan Document Specialist I is responsible for recording timely receipt and maintenance of homeowner’s insurance and flood insurance policies. In this position you will assist in the creation of accurate loan documents for Commercial, Ag and Retail departments through our established system and ensure their completeness and compliance to current banking regulations and policies. You will gain knowledge of different types of loan collateral, banking laws and regulations related to Bank operations. In this position you will communicate with loan officers about loan documentation, proofing all loan worksheets for input errors along with knowledge of LaserPro software and its components. The Loan Document Specialist reviews loan officer’s lending limits, lending approvals, and pre-loan closing compliance documents to verify they are within Bank and compliance guidelines. You will learn the Fiserv Premier core platform and assist in testing new documentation system release updates for documentation system, LaserPro. As a Loan Document Specialist, you will also assist with the comprehensive review of Ag and Commercial loans within a specified time after origination using AccuAccount.

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 135 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

Loan Documentation

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

• Code loans accurately to ensure quality of data for financial reporting to regulatory agencies utilizing procedures.
• Prepare, process, and generate Loan documentation for simple business and consumer loans to ensure terms of documents are in accordance with committee approved request and following bank policy, lending practices and regulatory statutes.
• Report all compliance issues, violations of law or regulations in accordance with the steps defined in bank policies.
• Report discrepancies, identify missing documentation, and obtain additional information when necessary.
• Generate closing and amended loan documentation, including but not limited to notes, letters of credit, participation agreements, change in terms agreements, security documents, guaranties, construction, and entity lending resolutions.
• Receive declaration pages for homeowners’ insurance and update system to reflect current policy and expiration dates.
• Track and update hazard insurance collateral and sending reminder letters when necessary to meet the bank and the government guidelines.
• Communicate with title companies and customers regarding missing documents and other issues identified. Monitor timely receipt of critical loan documents.

Loan Review

Review loan accounting system/file maintenance report (Checkback) and assist with comprehensive review of unsecured Ag and commercial non-real estate loans.

• Learn quality assurance, and Loan Accounting System (LAS) file maintenance reports daily to verify data input and coding accuracy.
• Assist in testing LaserPro release notes and document results.
• Perform loan quality post review to ensure required loan documentation has been properly executed. Identify missing/incorrect documentation in loan files and report issue through proper channels.

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

• Excellent verbal and written communication skills.
• Goal-oriented and self-motivated.
• Excellent organizational skills and attention to detail.
• Ability to conduct relationships in a manner that ensures cooperation and positive results.
• Demonstrate self-starter qualities and effectively manage and prioritize multiple tasks to meet deadlines.
• 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!