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Small Business Lending Portfolio Officer

Westmont, IL 60559

Posted: 09/26/2024 Job Number: 13216

Job Description

Small Business Lending Portfolio Officer I
HYBRID - Western Suburbs (Downers Grove)

Great opportunity for a recent finance graduate. 

TempExperts is recruiting for an entry level Finance & Accounting professional to join a multibillion-dollar financial services company. Previous accounting/financial experience is a plus. Perform annual reviews, run credit and complete write-up. Open to non-degree with a few years of experience in banking or accounting/finance.

This is a contract position with strong potential for permanent placement.

RESPONSIBILITIES:
  • Performs in-depth loan monitoring and customer follow-up.
  • Sends monthly payment statements and collect monthly payments, maintain records of payments and balances, collect and pay taxes and insurance, remit funds to the note holder, and follow up on delinquencies.
  • Documents loan files to support approved servicing actions.
  • Performs research activities including gathering information, analysis of borrowers through inquiries and investigations for annual reviews.
  • Creates and designs charts and graphs, using computer spreadsheets, to illustrate reports.
  • Analyzes most complex loans using a variety of documents after credit withdrawal.
  • Audits and scans loan files post close to assure SBA/Bank compliance.
  • Interprets data on price, yield, stability, future investment-risk trends, economic influences, and other factors affecting investment programs. Submit servicing actions with a recommendation for subsequent review and approval.
  • Responds to loan servicing telephone calls and inquiries loan payment collection efforts. Prepare plans of action for investment, using financial analyses.
EDUCATION/EXPERIENCE REQUIREMENTS:
  • Undergraduate degree in a business-related field, Finance preferred.
  • One-year commercial credit requirements, loan operation payment collections, or servicing, with banking loan operations/portfolio or loan servicing, Loan credit, documentation and collateral knowledge-extends to Small Business Administration and Commercial loan collateral requirements experience.
PREFERRED REQUIREMENTS:
  • Strong working knowledge of Small Business Administration preferred.
  • Excellent verbal, written, and interpersonal communication skills.
  • Proficient in financial software including Bank Platforms, FIS, Loan Manager, SBA Portal, also in Microsoft Office suite, e.g. Excel.
  • Excellent customer service skills with a high level of customer focus and motivation.
  • Previous experience working in a Banking/Portfolio/Loan Collections and Collateral environment.
  • Team player able to work effectively in a team fostered, multi-tasking environment. 
TempExperts is an Equal Opportunity Employer.

Additional Information

If interested please apply online or call 727.210.7855.
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About Westmont, IL

Explore exciting job opportunities in the vibrant area surrounding Westmont, Illinois! Located in DuPage County, this charming suburb boasts a perfect blend of city convenience and small-town charm, making it an ideal place to pursue your career. With its proximity to Chicago, accessible transportation options, renowned dining scene, cultural hotspots like the Mayslake Peabody Estate, Rialto Square Theatre, and Brookfield Zoo, as well as its scenic parks and vibrant community events, Westmont offers a compelling setting for professional growth and personal fulfillment. Discover your next career opportunity in this dynamic region today!