Firstrust Bank

  • Loan Operations Boarding Specialist

    Location US-PA-Horsham
    Job ID
    # Positions
  • Objective

    Timely and accurately complete the daily functions associated with booking new, renewed, and modified loans to the appropriate loan accounting system.


    Firstrust Bank is an Affirmative Action Contractor and is an Equal Opportunity Employer.




    Assist in the development of new business for Firstrust. Is alert to expressed customer/prospect needs to suggest appropriate services. Directs customers to the appropriate person to open account. Actively sells and promotes corporate products to potential and existing customers. Possesses knowledge of corporate products and services to suggest products.


    Accurately and efficiently, board Commercial Loans, Business Banking Loans, Corporate Syndicated Loans, Real Estate Loans, Construction Loans, Small Business Administration Loans, Letters of Credit, and Consumer Loans to the appropriate core loan accounting system.


    Board & Fund new loans, renewed loans, and modified loans upon proper approval.


    For Construction Loans, enters new construction loan inputs in the Pipeline section of the construction loan accounting system. Sets up loan budget including collateral and insurance records; reviews data input for accuracy and assures that new loan set up line


    item budgets are in accordance with approval. Understands and implements required primary and subaccount data entry input. 


    For SBA Loans, accurately boards new loan and renewal information into SBA loan accounting system including collateral and insurance records.


    Responsible for lien perfection including recording real estate property lien instruments, UCC-1 filings and/or UCC-3 filings, vehicle title encumbrances, and brokerage account control agreements.


    Responsible for setting up all collateral and insurance records in the proper loan accounting system.


    Participate in testing of boarding processes in loan accounting systems during annual releases and system upgrades.


    Maintain a basic knowledge of the various core systems to understand the impact various field value.


    Perform various departmental administrative tasks, such as filing and maintaining storage records.

    Assist with other tasks as assigned by departmental manager.

    Essential Functions

    While performing the essential functions of this position, the employee may be required to ascend/descend stairs and work atop a small ladder to store and retrieve files.  The employee will need to position self to lift up to 20 pounds of materials for file maintenance.   The worker sits most of the time; however, some amount of mobility is necessary to accomplish tasks.  The ability to communicate and exchange information verbally and written is required.  The incumbent will operate a computer terminal and phone with repetitive motion, while analyzing or preparing data.  Temperature changes may occur during the workday in the office setting. 


    Knowledge - Skills & Abilities

    • College degree in a business or accounting degree preferred
    • 1-3       year experience in a loan operations environment
    • SBA, Construction, ABL or Commercial loan operations experience a plus
    • Possess strong work habits, attention to detail and ability to work on a team
    • Possess a demonstrated commitment to quality service
    • Knowledgeable with MS Word and MS Excel. Experience with entire MS Office Suite helpful.
    • Detail oriented
    • Strong organizational and accounting skills
    • Ability to multi-task with an excellent degree of versatility and flexibility



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