Loan Boarding & Funding Supervisor

Overview:

For nearly 150 years, Univest has stayed true to our philanthropic spirit and the strength of our Committed to Local giving program is one of the things that differentiates us. In 2024, Univest donated $2.1 million to our local nonprofits and our employees volunteered more than 16,000 hours.

Our employees are encouraged to work collaboratively and embrace innovation to deploy needs-based financial solutions in the communities we serve.

We're hiring a Loan Boarding and Funding Supervisor to join our Loan Operations Team in Souderton. Please note, this position will become hybrid after the initial training period.

Responsibilities:

Oversee daily workflows; monitor turnaround time and adjust workloads for the Centralized Funding and Loan Boarding team.

Oversee and assist with the following core loan operations: verification of loan documents for booking, process funding requests for initial loan advances, process general ledger entries for fees, complete wire transfers, daily loan settlements and balance accounts as needed.

Oversee and assist with transaction processing of commercial participation loans, SWAP loans, warehouse lines, unused & evergreen letters of credit fees. This includes monitoring spreadsheets, creating invoices, fee transactions, and corresponding with lenders and customers as needed.

Accountable for interpreting and translating complex loan documents for loans to the Jack Henry Silverlake operating system, including RIF creation and maintenance input, AFT setup, FASB 91 fee and cost records.

As needed support of collateral item records input, setting up tracking for new liens and send items for recording as needed. Ensure collateral ownership is correct for each item within a relationship.

Perform file maintenance necessary to record loan extensions and modifications, including interest accruals and billing calculations for all loan types

Reply to all lender, customer and financial institution inquiries regarding servicing issues for commercial loans.

Supervise team, provide training on new policies and procedures to existing team and assist in training new team members

Prepare and maintain procedures to uphold bank policies, regulatory requirements and operations processes

Accountable for tracking, scanning, and verification of documents to the Synergy Imaging System

Accountable for compliance with laws and regulations that apply to this position including the Univest Code of Conduct.

Perform other duties as assigned

Qualifications:

Bachelor’s degree in finance or business helpful with a minimum of 3 years bank loan operations experience, or equivalent required related education and experience

Strong initiative skills and ability to train employees on policies and procedures

Advanced comprehension of mortgage, commercial, and consumer loans

Ability to read and comprehend complex loan contracts

Ability to perform loan accounting computations, including interest accruals, payment amortizations, billing calculations

Ability to read and comprehend consumer, commercial and mortgage documents; discern inconsistencies and errors; and follow-up with the required decision makers for resolution

Ability to work independently, prioritize and enter data quickly and accurately to meet deadlines, including end of month activity

Strong communication, organizational, and problem-solving skills with ability to think “outside the box” when unusual situations are presented

Advanced PC and word processing skills required to utilize varying proprietary Windows based software applications

Familiarity with Jack Henry, Salesforce and nCino preferred

Wage Range:

The salary for this position ranges from $35,300 to $61,300

Benefits Overview:

Univest offer's a comprehensive benefits package that includes:

• Health Insurance: Medical, dental and vision coverage (single or family; begins the first of the month following start date)
• Retirement Plan: Participation in 401(k) plan with up to a 3% employer match after 6 months of employment
• Paid Time Off (PTO): 15 days annually (prorated your first year)
• Short Term Disability: 10 days annually of sick time with a doctors note (prorated your first year)
• Holiday Time Off: 11 paid holidays
• We offer company paid life insurance: as well as other supplemental insurances
• Tuition reimbursement
• Employee Wellness programs: including fitness club discounts and fitness tracker discounts/ annual reimbursement
• Discounts: on loan products
• Professional development trainings

Click here for Benefit Information

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An Equal Opportunity Employer. Univest does not discriminate against any applicant for employment because of race, color, religion, religious creed, ancestry, national origin, age, sex, disability or protected veteran status.