Loan Administration Officer – LAO
BancFirst
full-time
Posted on:
Location Type: Office
Location: Del City • Oklahoma • United States
Visit company websiteExplore more
About the role
- Management position responsible for the processes and workflow of the Loan Administration Systems; including staff supervision, note accounting, collateralization, credit file maintenance, and account reconciliations.
- The position also acts as the Loan Compliance Officer for both Banking Regulations and BancFirst Loan Policy/Procedure.
- Understand the loan system (Horizon) as it relates to the core data processing system (FIS) and demonstrate the ability to troubleshoot issues.
- Understand the general ledger process as it relates to the loan function and demonstrate the ability to troubleshoot issues.
- Understand the loan documentation system.
- Responsible for overall loan compliance.
- Responsible for managing, and can readily back-up, the process of preparing loan documents, booking loans, correcting reconcilement issues, posting loan payments and maintaining the loan file.
- Responsible for collateral perfection.
- Responsible for tracking/reporting credit exceptions.
- Responsible for maintaining, reconciling and reporting charged-off loans, acquired loans, purchased loans, loan participation and specific allocations.
- Responsible for credit life reconcilement, rebates, vendor assistance, incentive programs and other life insurance issues.
- Responsible for the process of accurately and timely reporting (i.e. routine and ad hoc reports) to the support center while ensuring appropriate approval, if necessary.
- Responsible for managing staff (loan operations staff and loan administrative staff) with focus on consistent communication, training and cross-training.
- Responsible for related Ad hoc projects/assignments/tasks/reports.
Requirements
- Knowledge of the loan system (Horizon) and the core data processing system (FIS)
- Knowledge of Banking Regulations and BancFirst Loan Policy/Procedure
- Ability to analyze complex financial data and credit memorandums
- Knowledge of maintaining loan portfolio including, but not limited to: managing loan covenants & loan quality
- Knowledge of accounting, finance or related fields (experience or degree preferred)
- Demonstrated ability to act as a subject matter expert as the need arises
- Demonstrated ability to successfully interact with others (both internal and external) in order to achieve the desired outcome or to resolve issues
- Demonstrated ability to manage people and achieve desired results
- Demonstrated strong customer service ability
- Demonstrated ability to think critically
- Demonstrated ability to analyze and improve department workflow
- Strong communication skills both verbal and written
- Strong interpersonal skills
- Strong supervisory skills with a focus on achieving results as a team
- Proficient in computer usage including, but not limited to Word and Excel
- Must be confident and possess the ability to stand firm in the face of opposition
- Must be organized
- Must be flexible and willing to work additional hours as the need arises
- Must be able to work under stress and deadlines
Benefits
- Health insurance
- Retirement plans
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
loan administrationnote accountingcollateralizationcredit file maintenanceaccount reconciliationsloan compliancefinancial data analysisloan portfolio managementaccountingfinance
Soft Skills
staff supervisioncommunicationcustomer servicecritical thinkinginterpersonal skillssupervisory skillsorganizational skillsflexibilityproblem-solvingteamwork