Overview
The Loan Participation Specialist will assist with maintaining the portfolio of participation loans sold and purchased. The Loan Participation Specialists will perform maintenance on loans including general maintenance, posting payments, special payments and payoffs.
RENASANT BANK IS AN EQUAL OPPORTUNITY EMPLOYER
Responsibilities
Perform work on participation loans as assigned, including but not limited to:
Post payments and advances
Load new loans and renewals
Serve as a back-up for the total participation portfolio
Serve as the secondary participation loan clerk
Maintain integrity of the participation loan for balancing and remittance
Perform alternate loading/editing of participation loans into the FIS system
Daily verification of Participation Loan Team Leader participation work from prior day
Assist with Participation loan document imaging to Vision Content
Exhibit knowledge of general loan department maintenance including, but not limited to:
Ordering coupons
Posting rejects
Auto-draft/ACH set-up
Due date changes
Posting special payments
Mail-in payments
Payoffs and payment extensions
ACH
Auto pay and Funds Management Sweeps
Name and address changes
Posting and advancement for floor plan loans
Perform researching and correcting errors on loan payments, advances, rate changes and other loan errors
Perform rate changes as needed
Assists the balancing clerk with research on items not cleared
Perform other related duties as assigned
Qualifications
Physical Demands
The physical demands described are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to stand or sit; kneel, stoop, or squat; use hands or fingers to handle or feel objects, tools or controls; reach with hands and arms, and talk or hear. The employee is occasionally required to walk. The employee must occasionally lift and /or move up to 25 pounds. Specific vision abilities required by this job include close vision, peripheral vision, depth perception and the ability to focus.
Work Environment
The Banks professional working environment requires employees to communicate effectively, both verbally and in writing. Employees must demonstrate strong interpersonal skills when working closely with internal business partners and external clients. Employees may be exposed to confidential and propriety information within the working environment, therefore, must uphold confidentiality at all times. Due to the possibility of being exposed to high risk situations (i.e. robbery), detailed instructions and procedures are required to be followed at all times to safeguard the Banks employees, customers, and assets.
The above is intended to describe the general content of and requirements for the performance of this job. It is not to be construed as an exhaustive statement of duties, responsibilities, or requirements. The principal duties and responsibilities enumerated are all essential job functions except for those that begin with the word May.
This job description is intended to describe the normal level of work required by the person performing the work. The principle duties outlined are the essential responsibilities and duties. Other duties may be assigned as needs arise. Job requirements and/or processes may be modified to reasonably accommodate persons with a disability as required by law.
This description is not intended as a contract and is subject to change. Any written contractual agreements supersede this job description.