Loan Participation Specialist

at Equity Bank in Wichita, Kansas, United States

Job Description

Loan Participation Specialist

• Department:  Loan Operations
• Location:       Wichita, KS
• Status:            FT Hourly

Jump start your career at Equity Bank! We are currently hiring energetic, team oriented, and community focused individuals to join our team! With a team of best-in-class customer service experts, you'll help to build and expand on client relationships, deliver the banking products and services that meet the unique and individual needs of clients, and create and uphold an atmosphere of superior experience and service. At Equity Bank we’ll help you invest in your community through volunteer opportunities which align with our company initiatives and core values.

The Loan Participation Specialist is responsible for day-to-day processing of Participation, SWAP Loans, SBA, USDA, and Mortgage Pool Transactions.  A successful candidate in this role will have experience using Microsoft Office products, strong verbal and written communication skills, organizational skills, the ability to communicate issues and solutions.  This role works with individuals at all levels of the business.  We are looking for a team player who is proactive with good problem-solving skills

Responsibilities and Expectations:

Participation, SWAP Loans, SBA, USDA & Mortgage Pool

• Administer payments/transaction on Participations, SWAP, SBA, USDA and Mortgage Pool loans
• Coordinate with participating/lead bank(s) as need to process transactions
• Performing maintenance, calculations and adjustments on complex interest and fee accruals
• Verifying and funding all incoming funding requests from agent banks in a timely manner
• Understands all documentation pertaining to any participation, syndication, and SBA including the most complex Loan and Credit agreements. Fair knowledge of agency agreements and syndication marketplace is essential for this position
• Assists with responding to various audits performed in the unit relating to the Participation Desk
• Assists with and may serve as liaison with lenders, loan administration, and outside vendors
• Partner with Servicing team members to develop and adjust processes as applicable related to specialized loan controls and servicing  
• Perform other duties as assigned or required

Compliance - Required to adhere to lending policies and procedures, as well as disclosures required by government regulations

Required Skills & Education:

• College degree or 3 years equivalent experience
• 3+ years of bank operations, complex lending, and bank system application experience
• Three years of experience in accounting or related field.
• Must have knowledge of real estate lending, compliance requirements and government regulations
• Must have a good understanding of commercial loan terms, loan programs, and documents
• Must have a good working knowledge of the FISERV or equivalent loan servicing systems
• Working knowledge of PC software including Word, Excel, Internet, etc
• Good organizational and analytical skills
• Excellent interpersonal skills and professional manner

The above statements are intended to generally describe the nature and level of work to be performed by most people assigned to this job. It is not intended as an exhaustive list of all responsibilities, duties, and requirements. 

Physical Requirements:  

This position requires standing, walking, bending, and squatting on a regular basis. May require the ability to stoop, kneel, crouch or reach with hands and arms. Requires the ability to carry, lift, move or push up to 10 pounds on an occasional basis. Must be able to talk and listen to others. Frequently uses hands and fingers to handle or feel. Requires ability to see up close and distant, distinguish colors, peripheral vision, depth perception and the ability to adjust focus. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Work Environment:  This position regularly works in an office setting. Most of the job duties require the employee to be working with computers and electronic media on a regular basis.

Equity Bank is an equal opportunity employer and will not make employment decisions based on an applicant’s race or skin color, national origin or ethnicity, religious beliefs, age, sex, physical or mental ability.