About this opportunity
City National Bank lists this Loan Processor III opportunity in jacksonville, Florida. Review the employer’s description below for duties, qualifications and application requirements.
Job description
Loan Processor IIIReviews all requests for boarding, funding, and servicing Commercial Loans (SBA, Real Estate, Construction, Syndication, Swap), completeness & accuracy. Boards new and renewed commercial loans. Processes advances, payments & payoffs on various commercial loan products. Performs all maintenance, calculate and adjust interest and fee accruals. Determines causes of rejected items and process corrections. Balances work and prepare appropriate GL entries to various cost centers as required.What Will You Do?Loan Boarder is proficient in FASB91 and GAAP accounting guidance related to treatment of fees/costs for new loans. For loans that are renewed, or significantly modified, loan boarder must determine if change is considered significant based upon comparison of cash flows in determining if fees can be taken into income or must be amortized over the life of renewed/modified loan.Pricing and Repayment Schedules – Loan Boarder is responsible to ensure for the accuracy of the entered pricing (All-in Rate, Margin, and Index, teaser rates, SOFR pricing options, as applicable) and repayment schedules (Interest only period, repayment terms (Mortgage style amortization. Straight-line amortization, 12-month average amortization schedule, and SWAP related schedules, all of which may be customized for each particular client.Reporting requirements – Loan Boarders are responsible to enter critical information for reporting purposes gleaned and/or translated from the Credit Approval Document, Loan Documentation Checklist, or other documents which supports governmental, regulatory, and General Ledger/Financial and management reportingLoan Funding – Fund loan based upon disbursement authorization. Funding may take the form of an out-going wire, credit to a demand deposit account, issuance of Cashier's Checks or offset to payoff/pay down an existing loan.What Do You Need To Succeed?Required Qualifications*Bachelor's Degree or equivalentMinimum 3 years of loan processing experience in a financial institution required.Minimum 2 years of basic computer experience(e.g. Microsoft Word, Excel, Outlook) requiredAdditional QualificationsAbility to communicate effectively.Able to handle a heavy volume of transactions and multiple tasks.Detail oriented with strong follow-up skills.Able to manually compute accrual adjustments.Ability to operate Personal Computers and WordPerfect/Word Programs.Able to operate calculators, encoding, fax and copying machines.CompensationStarting base salary: $22.27 - $33.43 per hour. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.Benefits and PerksAt City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including:Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start dateGenerous 401(k) company matching contributionCareer Development through Tuition Reimbursement and other internal upskilling and training resourcesValued Time Away benefits including vacation, sick and volunteer timeSpecialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programsCareer Mobility support from a dedicated recruitment teamColleague Resource Groups to support networking and community engagementAbout Us Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at About Us.Inclusion and Equal Opportunity EmploymentCity National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.
Worksite address
jacksonville, FL, 32201, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.