Loan Funding Specialist - Harrisburg, PA

A great experience starts with a great team! Mid Penn Bank is actively seeking a Loan Funding Specialist in Harrisburg, PA We believe that our ongoing success depends upon a skilled, satisfied and valued work force. As a member of our team, you can expect opportunities to develop your skills to help you excel in your role and achieve your professional career goals.

We offer a comprehensive range of flexible benefits to support your personal and financial well-being. Our inclusive culture encourages all employees to share ideas, collaborate, and contribute to the values that make us a winning team for our customers, shareholders, and communities.

Position Overview

The Loan Funding Specialist is responsible for recording and remitting payments related to participated, swapped, syndicated, and SBA guaranteed loans. This individual is also responsible for funding new loans, ensuring that advances are processed timely, accurately, and distributed to appropriate parties per the terms of the loan.

They are responsible for providing guidance and on-the-job training to new and/or less experienced members of the loan servicing team and will also assist department management with tasks and duties to support department operations.

Essential Duties and Responsibilities

Performs loan maintenance changes to the core servicing system, in accordance with current maintenance procedures. Manages financial transactions and reporting process with secondary market loans, including participations, swap loans, syndications, and SBA loans. Completes research and makes necessary corrections to loans, including payment corrections, rate changes, and interest adjustments.

Reviews and verifies maintenance entered by other users of core system for all loan types. Accepts and processes draws on lines of credit for purchased participation loans. Monitors, completes, and assigns maintenance requests received via the ticketing system. Coordinates specific work tasks with other personnel within the department as well as with other departments to ensure the smooth and efficient flow of information.

Remits payments to participant banks and/or the SBA. Reports monthly SBA activity. Disburses funds for all new loans per the terms of the loan. Manages Letters of Credit within the core system. Reviews documentation for new loan funding and completes appropriate transactions for disbursement. Reviews participation, swap, syndication, and SBA loan activity, reports appropriately, and remits funds as accurately and timely.

Completes daily non-post transactions report. Completes account research and makes appropriate corrections, including payment adjustments. Completes billing maintenance and creates manual billing notices. Reviews and verifies maintenance entered by other Loan Operations personnel to ensure accuracy and compliance. Handles direct communications with customers to ensure quality service.

Handles customer telephone calls. Completes various forms and reports for internal and external distribution, which may include any of the following: Participation payments & advance notifications SBA 1502 form & other SBA reports Swap loan reports Education & Qualifications A high school diploma or equivalent with an emphasis in a business curriculum.

Some college or degree preferred. A minimum of two (2) years related experience is normally required. Skill(s) Proficient reading, writing, grammar, and mathematics skills; proficient interpersonal relations and communicative skills; knowledge of loan processing; proficient PC skills, including knowledge of Microsoft Word, Excel and Access; ability to sit, stand, walk, bend, stoop, reach with hands or arms, use hands to manipulate objects, handle or feel, and lift items weighing 20 lbs.

or less; visual, auditory and speaking skills. Equipment/Machines Telephone PC/Computer keyboard Printer Calculator Fax machine Copy machine Pay Transparency We set standard salary ranges for our roles based on the position, function, and responsibilities, as benchmarked against similarly sized companies in our industry.

Specific compensation offered will be determined based on a combination of factors including the candidate’s knowledge, skills, depth of work experience, and relevant licenses/credentials. The salary range may vary based on geographic location.

Benefits

Mid Penn Bank offers a comprehensive benefits package to those who qualify. This includes medical plans with prescription drug coverage; flexible spending account, dental and vision insurance; life insurance; 401(k) program with employer match and employee stock purchase plan; paid time off, paid holidays; disability insurance coverage, parental leave; employee assistance program, and tuition reimbursement.

In addition, all employees are eligible to participate in mentorship programs, receive individualized development and career counseling, and participate in Mid Penn University courses and development programs. EEO Statement Qualified applicants are considered without regard to race, color, age, sex, sexual orientation, gender identity, religion, national origin, genetic information, pregnancy, disability, or protected veteran status.

We also comply with all applicable laws governing employment practices and do not discriminate on the basis of any unlawful criteria. Equal Opportunity Employer–Minorities/Females/Veterans/Individuals with Disabilities/Sexual Orientation/Gender Identity Sponsorship Statement As a condition of employment, individuals must be authorized to work in the United States without sponsorship for a work visa by Mid Penn Bank currently or in the future.