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Analyst
Chemical Financial Corporation
Midland, MI, United States
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JOB SUMMARY
The Loan Funding Analyst position is responsible for ensuring accuracy and execution of funding for loans. S/he will communicate an outgoing and friendly professional demeanor not only to customers but to staff as well.
REQUIRED KNOWLEDGE AND SKILLS
• High School Graduate or GED; Associates Degree in Business related field highly preferred.
• 3 to 5 years’ experience in all loan applications (Business, Personal and Credit Line) with an emphasis on loan documentation and State and Federal regulatory requirements.
• Demonstrates a solid knowledge of loan documents and disbursements.
• Excellent organizational and problem solving skills.
• Detail oriented.
• Ability to work as an integral member of a team
• Proficient in using the personal computer including Word and Excel.
• Ability to Multi-task.
• Ability to work in a fast paced environment to meet tightly defined deadlines.
• Ability to maintain composure under stressful situations
• Excellent verbal and written communication skills.
• Ability to describe complex funding scenarios in simple language to a broad range of team members, customers, and vendors.
ESSENTIAL DUTIES AND RESPONSIBILITIES
• Collaborate with various loan origination teams regarding the scheduling and logistics of loan funding
• Calculate funding amount for loan packages of varying complexity
• Coordinate funding with lenders, accounting, and/or external vendors
• Review specific loan documents to ensure compliance with regulatory requirements, as well as with bank policies and procedures
• Document the disbursement instructions for all involved parties
• Disburse funds accurately to a variety of endpoints by Check, ACH, and/or Wire
• Respond to inquiries related to loan disbursement questions
• Approve and disburse draw requests for lines of credit according to prescribed instructions
• Ensure loans are closed according to approved terms and conditions, including balancing
• Perform other job related duties and special projects as required