First International Bank and Trust Loan Associate in Grand Forks, North Dakota

Loan Associate

Department: Accounting/Finance

Location: Grand Forks, ND

PT/FT/Temporary : Full Time


First International Bank & Trust is a growing, relationship-driven community bank. We are seeking a Loan Associate to support our lenders in Bismarck. The ideal Loan Associate will have sound knowledge of established procedures, methods and practices.

Our success is the result of assembling a team dedicated to providing extraordinary customer service. We are driven by our strong values and compassion to help families, businesses and communities thrive.

Interested in learning more? Please see below for additional information regarding the Loan Associate position and submit your online application!

The Job:

  • Focused on all loan types with main focus on commercial/ag loans.

  • Works with Loan Operations throughout process of ordering loan documentation, providing information and reviewing completed documentation prior to closing. Assists lenders with closing instructions including funds and signatures required for closing.

  • Performs loan support duties of complex variety such as charged-off accounts, recoveries.

  • Responds to customer inquiries including payment questions, payoffs and loan values.

  • Calls specified companies to obtain property abstract, survey and appraisal.

  • Provides support to loan officers in closing a loan by entering information into computer database and by generating and assisting customer in completing all required documentation and disclosures

  • Ensures all title issues are met and that loan is properly recorded.

  • Examines loan terms and ensures loan is funded within established time frames.

  • Ensures timely recording of lien documents to ensure collateral perfection.

  • Does quality control on the core system after note funding to ensure note was properly booked to system.

  • Prepares, scans and maintains loan files.

  • Work loan/line tickler reports for outstanding documentation (titles, insurance, etc)

  • Orders final title work

  • Processes paid notes and collateral releases

  • Processes loan payments.

  • Files respective offices- new notes in vault.

  • Answers telephone for loan department and directs customers to appropriate lenders if necessary.

  • Retrieves and reviews loan reports for completeness and accuracy; corrects non-post or errors.

  • Originates loan correspondence.

  • Prepares past due letters

Experience Needed:

  • Associate's degree (A. A.) or equivalent from two-year college or technical school;

  • or two to four years related experience

  • and/or training; or equivalent combination of education and experience.

  • To be qualified, experience must include understanding all loan closing documents as well as understanding items such as title work, insurance, valuations, etc.

  • Experience within a commercial bank is preferred.