LOCUS Impact Investing
About Locus
At Locus, we know communities thrive when they have equitable access to capital. We collaborate with stakeholders across the community development ecosystem to invest in communities with strong aspirations, while addressing challenges like a shortage of affordable housing, limited access to fresh food, a lack of quality jobs, and clean energy innovation. We believe a capital system that centers community input and impact is essential to ensure that everyone, no matter their background, location, or economic status, can live in healthy, thriving places.
Locus is the parent organization for a family of community development enterprises, which includes a nonprofit CDFI loan fund, a CDFI bank, a fund management practice, and a national guarantee program. With offices in Christiansburg and Richmond, Virginia, Locus offers innovative and flexible financing tools and strategic consulting services to individuals and organizations in underestimated and excluded communities, most of which are low‑to‑moderate income. Alongside our many partners, Locus has generated over $2 billion dollars in total impact.
Locus is a nonprofit holding company regulated by the Federal Reserve. Locus Bank is an FDIC‑insured, certified bank and B Corp offering products tailored to socially conscious investors. Locus Bank is a majority‑owned subsidiary of Locus. Member FDIC. Equal Housing Lender. Learn more at www.locusimpact.org.
Position Overview The
Loan Operations Specialist
responsibilities will include but not limited to booking loans on loan system, imaging loan documents, verifying and auditing loan input, following up for loan documentation files, maintaining document tracking exceptions, performing loan research, and processing loan payoffs.
Essential Duties and Responsibilities Loan Booking Book and verify new loans, renewals, modifications, letters of credit and guidance lines of credit for commercial lending
Book and verify new SBA loans
Post‑closing loan review
Arrange loan ACHs
Post payments, draws, and principal reductions
Edit loans booked to loan platform for accuracy
Participation loan processing both purchased and sold
Clear loan unposted transactions
General loan account questions/research
Execute recording/release of applicable documents
Document exception tracking/reporting
Update adjustable rate on all loan accounts
GL Reconcilement
Balance multiple general ledger loan clearing accounts
Filing
Scan, index, and verify loan files to core system accurately
Filing of all physical loan files
Scanning trailing documents and filing them in the appropriate loan file
Work closely with the lenders and auditors to retrieve files for review
Paid Loans
Releasing collateral on loans such as UCC's, Titles, and Deeds of Trust
Sending paid loan documents to customers
Segregating and storing the paid off loan files
Process loan payoffs to include collateral releases
UCC Continuations
Filing of UCC Continuations
Insurance Monitoring
Review exception reports to ensure that proper insurance coverage is maintained
Coordinate force placed insurance coverage when necessary
Customer Service
Assist External and Internal Customers with questions or issues as they arise related to Loans
Reporting
Serve as back‑up for semi‑annual USDA Report
Review and update monthly Loan Tickler Report
Review and update daily Loan Payment Report
Review and update monthly Post Closing Exceptions Report
Review and update monthly UCC Continuation Report
Review and update weekly SBA Payment Report
Serve as backup for daily File Maintenance Report
Review and update monthly Closed Loan Report
Serve as backup for the weekly Purchased Participation Report
Serve as backup for the Interest Due Review Report
Other Duties
Backup for Operations personnel
Perform other duties as directed
Requirements Experience/Education/Certifications
Minimum high school diploma and 3 to 5 years of experience in a commercial bank lending environment
Knowledge of accounting is a plus
Skills Required Organizational Skills
Well‑developed
Experience/Education/Certifications : organizational and decision‑making skills, adaptability to changing priorities
Ability to meet deadlines and oversee multiple responsibilities simultaneously
Able to set one's schedule and execute according to a plan, seeking effective and efficient results
Communication
Ability to communicate in a clear, comfortable, and confident manner
Communicate effectively and in a way that supports teamwork
Demonstrate ability to write in a clear, concise and organized way
Computer/Technology
Excellent Word, Excel, and Windows file management skills mandatory
Demonstrated web research skills
Familiarity with Outlook, Teams, or similar network‑based email and calendar software
Compensation and Benefits
$47,000 - $57,000 annual salary, depending on skills and experience
Annual bonus opportunity
18‑days of PTO per year
13‑paid holidays per year
Medical, dental, vision, short‑ and long‑term disability insurance
Life Insurance
Paid Family Leave options
401k savings plan with employer match
Locus is an Equal Opportunity Employer. Locus does not discriminate in hiring or employment practices on the basis of race, color, religion, gender, age, sexual orientation, marital or familial status, national origin, non‑job‑related disability, or status as a veteran.
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Locus is the parent organization for a family of community development enterprises, which includes a nonprofit CDFI loan fund, a CDFI bank, a fund management practice, and a national guarantee program. With offices in Christiansburg and Richmond, Virginia, Locus offers innovative and flexible financing tools and strategic consulting services to individuals and organizations in underestimated and excluded communities, most of which are low‑to‑moderate income. Alongside our many partners, Locus has generated over $2 billion dollars in total impact.
Locus is a nonprofit holding company regulated by the Federal Reserve. Locus Bank is an FDIC‑insured, certified bank and B Corp offering products tailored to socially conscious investors. Locus Bank is a majority‑owned subsidiary of Locus. Member FDIC. Equal Housing Lender. Learn more at www.locusimpact.org.
Position Overview The
Loan Operations Specialist
responsibilities will include but not limited to booking loans on loan system, imaging loan documents, verifying and auditing loan input, following up for loan documentation files, maintaining document tracking exceptions, performing loan research, and processing loan payoffs.
Essential Duties and Responsibilities Loan Booking Book and verify new loans, renewals, modifications, letters of credit and guidance lines of credit for commercial lending
Book and verify new SBA loans
Post‑closing loan review
Arrange loan ACHs
Post payments, draws, and principal reductions
Edit loans booked to loan platform for accuracy
Participation loan processing both purchased and sold
Clear loan unposted transactions
General loan account questions/research
Execute recording/release of applicable documents
Document exception tracking/reporting
Update adjustable rate on all loan accounts
GL Reconcilement
Balance multiple general ledger loan clearing accounts
Filing
Scan, index, and verify loan files to core system accurately
Filing of all physical loan files
Scanning trailing documents and filing them in the appropriate loan file
Work closely with the lenders and auditors to retrieve files for review
Paid Loans
Releasing collateral on loans such as UCC's, Titles, and Deeds of Trust
Sending paid loan documents to customers
Segregating and storing the paid off loan files
Process loan payoffs to include collateral releases
UCC Continuations
Filing of UCC Continuations
Insurance Monitoring
Review exception reports to ensure that proper insurance coverage is maintained
Coordinate force placed insurance coverage when necessary
Customer Service
Assist External and Internal Customers with questions or issues as they arise related to Loans
Reporting
Serve as back‑up for semi‑annual USDA Report
Review and update monthly Loan Tickler Report
Review and update daily Loan Payment Report
Review and update monthly Post Closing Exceptions Report
Review and update monthly UCC Continuation Report
Review and update weekly SBA Payment Report
Serve as backup for daily File Maintenance Report
Review and update monthly Closed Loan Report
Serve as backup for the weekly Purchased Participation Report
Serve as backup for the Interest Due Review Report
Other Duties
Backup for Operations personnel
Perform other duties as directed
Requirements Experience/Education/Certifications
Minimum high school diploma and 3 to 5 years of experience in a commercial bank lending environment
Knowledge of accounting is a plus
Skills Required Organizational Skills
Well‑developed
Experience/Education/Certifications : organizational and decision‑making skills, adaptability to changing priorities
Ability to meet deadlines and oversee multiple responsibilities simultaneously
Able to set one's schedule and execute according to a plan, seeking effective and efficient results
Communication
Ability to communicate in a clear, comfortable, and confident manner
Communicate effectively and in a way that supports teamwork
Demonstrate ability to write in a clear, concise and organized way
Computer/Technology
Excellent Word, Excel, and Windows file management skills mandatory
Demonstrated web research skills
Familiarity with Outlook, Teams, or similar network‑based email and calendar software
Compensation and Benefits
$47,000 - $57,000 annual salary, depending on skills and experience
Annual bonus opportunity
18‑days of PTO per year
13‑paid holidays per year
Medical, dental, vision, short‑ and long‑term disability insurance
Life Insurance
Paid Family Leave options
401k savings plan with employer match
Locus is an Equal Opportunity Employer. Locus does not discriminate in hiring or employment practices on the basis of race, color, religion, gender, age, sexual orientation, marital or familial status, national origin, non‑job‑related disability, or status as a veteran.
#J-18808-Ljbffr