Loan Quality Specialist II – Specialty Financing – QCR Holdings, Inc. – Cedar Rapids, IA

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QCR Holdings, Inc

Job details

Salary

From $20.68 an hour

Job Type
Full-time
Contract
Number of hires for this role
1

Full Job Description

QCR Holdings, Inc

Job Description

TITLE: Loan Quality Specialist II – Specialty Financing

REPORTS TO: VP, Loan Quality Assurance

DEPARTMENT: Loan Operations

LOCATION: Quad Cities, Cedar Rapids, Des Moines, or Springfield, MO

JOB SUMMARY:

The role will support our Specialty Finance Group / Division at QCRH as well as other areas of niche or specialized lending. In a fast-paced environment and in conjunction with loan policy, performs various functions to assist the Banks in managing risk related to loan origination activities. This includes but is not limited to pre-closing due diligence, loan documentation review, and quality control of post-closing requirements.

ESSENTIAL FUNCTIONS:

  • Performs loan documentation reviews, servicing requests to support our specialized lending lines of business. Ensures that loan documentation is consistent with and reflects the intent of, the loan approval and proper due diligence has been performed to ensure that the Bank will be properly secured and regulatory requirements are met. Performs due diligence requirements and properly identifies items for follow-up. The role will also include, daily, weekly, monthly collaboration with our specialized lending management teams and their team members.
  • Performs reviews on third party documentation received as part of the process to ensure that the documents meet regulatory and bank standards and, in some instances, to determine if additional due diligence is warranted. This includes,but is not limited to preliminary promissory notes, final title opinions, and attorney prepared credit agreements.
  • Identifies exception items through tickler tracking system and provides feedback to the banks as needed. Verifies receipt of documents necessary to clear exception items and removes ticklers from tracking reports as appropriate.
  • Ensure the loan agreements are in compliance based upon underwriting, closing and servicing for the life cycle of the loan. Works with the specialty lending teams to establish 1st line of defense for risk management/compliance.
  • Develops and maintains reporting systems to disclose compliance exceptions to the banks.
  • Communicates with managers, lenders, processing staff and operations personnel in an effective manner to facilitate the appropriate exchange of information necessary to meet documentation objectives.
  • Assist’s managers, lenders and processing staff in developing procedural changes and operating enhancements as necessary to reduce closed loan audit exceptions.
  • Serves as a resource and as backup for other Loan Quality personnel. Helps organize and manage workflow in the absence of the manager.
  • Performs various other duties as required or assigned.

QUALIFICATIONS:

  • Bachelor’s degree in accounting, business administration or relate field.
  • Three to Five years of previous loan processing, loan documentation or lending experience.
  • Knowledge of bank loan products and loan documentation requirements.
  • Knowledge of bank regulatory requirements a plus.
  • Strong math skills; ability to organize and analyze complex financial information.
  • Excellent attention to detail is required.
  • Good written and oral communication skills.
  • Strong PC skills including Microsoft Office Suite.

Job Types: Full-time, Contract

Pay: From $20.68 per hour

Benefits:

  • 401(k)
  • 401(k) matching
  • Dental insurance
  • Employee assistance program
  • Flexible spending account
  • Health insurance
  • Health savings account
  • Life insurance
  • Paid time off
  • Parental leave
  • Professional development assistance
  • Referral program
  • Retirement plan
  • Tuition reimbursement
  • Vision insurance

Physical Setting:

  • Office

Schedule:

  • 8 hour shift
  • Day shift
  • Monday to Friday

Work Location:

  • One location

Work Remotely:

  • No

Source:

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