Loan Closing Associate

Position Summary

Join a team focused on the success of our customers, the success of our communities, and the success of each other. Farm Credit East (FCE) is the leading provider of loans and farm advisory services to farm, forest product, fishing, and other agricultural business owners across the northeast with $13.5 billion in total loan volume and $29 million in annual financial services revenue from 18,000 customers across our 8-state territory. We are One Team Working Together with a focus on our five pillars: Outstanding Customer and Employee Experience, Quality Growth, Operational Excellence, Commitment to our Communities, and Protecting Customer Information.

The Loan Closing Associate serves in an operational capacity to support efficient functioning and monitoring of Farm Credit East's internal operations while providing outstanding customer service and advancing strategic initiatives. This role is a member of the Loan Closing team which is responsible for documenting and booking new and modified loans of varying complexity. This person plays a critical role in the loan closing process and is responsible for providing a superior internal and external customer experience. This person possesses a proactive mindset along with a willingness to maintain effective coordination and working relationships with analysts, loan coordinators, lenders, and fellow operations staff.

The value drivers for this role are as follows:

• Provide organization wide internal and external customer support for operational processes
• Fuels organizational synergy through consistent processes and effective communication with team members

Come join a collaborative, customer-focused team at Farm Credit East!

Duties and Responsibilities:

Loan Documentation

• Prepares timely and accurate loan documentation including loan agreements, applications, security documents, promissory notes, and other required documents
• Works in coordination with underwriting and marketplace staff to ensure that documents are legally enforceable
• Completes actions within prescribed timeframes
• Accurately files completed loan documents
• Maintains knowledge of ACA policies and procedures and complies with all applicable laws and regulations
• Maintains proper documentation and communication with customers and staff and meet internal and external customer needs

Loan Booking

• Accurately books loans of varying sizes and complexity
• Processes all monetary transactions associated with loans being booked

Job Qualifications and Requirements:

• This position requires a Bachelor's degree Accounting, Agriculture, Agri-Business, Economics, Finance, Business or related field. Or an equivalent combination of education and experience to perform the essential functions of the job.
• This position is primarily conducted out of a physical Farm Credit East office location in order to effectively serve local customers. Farm Credit East requires new employees to work at their assigned office location for the first 2 weeks of their employment. After 2 weeks of acceptable performance, the employee is eligible for a hybrid working structure of 4 days in-office and 1 day working from home each week.

Compensation and Benefits:

• Salary Range: $55,000 to $60,000 commensurate with experience
• Short Term Incentive to reward business results
  
• Retirement Contributions:
  
  
  
  
  • 401(k) match up to 6% of salary; or for those unable to take full advantage of the 401(k) match, verified student loan payments may qualify for an employer match in your 401(k) up to 6% of salary
    
  • Defined Contribution retirement plan funded at 2-9% of salary depending on years of service
  
  
  
  
• Time Off:
  
  
  
  • 15 - 25 days of vacation leave per year, depending on years of service
  • 12 days of holiday leave per year
  • 7.5 days of sick leave in your first year, followed by 12 days of sick leave per year thereafter; unlimited rollover of unused sick leave year to year
  • Paid Parental Leave: Up to 80 hours of paid leave for birthing, non-birthing, and adoptive parents
  • Family Care Leave: Additional leave options available under SMLA and company policy
  
  
  
  
• Health and Insurance:
  
  
  
  • Comprehensive medical, dental, and vision plans, including preventive care and wellness programs to support your overall health and well-being
  • Health Savings Account
  • Life insurance at 2x base pay
  • Accidental Death and Dismemberment insurance at 2x base pay
  • Long-term disability insurance at 2/3 base pay
  
  
  
  
• Additional Benefits:
  
  
  
  • Tuition reimbursement
  • Continuing education and training
  • Employee Assistance Program offering a wide variety of tools and resources
  
  
  
  
• Benefits Eligibility
  
  
  
  • Eligibility Begins: First of the month following your hire date
  • Eligible Employees: Full-time employees working 30+ hours per week; Part-time employees working 20+ hours per week
    
  
  
  
  

Farm Credit East is an Equal Opportunity Employer. As an Equal Opportunity Employer, we do not discriminate on the basis of race, color, religion, national origin, sex, sexual orientation, gender identity or expression, age, marital status, parental status, political affiliation, disability status, protected veteran status, genetic information or any other status protected by federal, state or local law. It is our goal to make employment decisions that further the principle of equal employment opportunity by utilizing objective standards based upon an individual's qualifications for a specific job opening. In compliance with the Americans with Disabilities Act ("ADA"), if you have a disability and would like a reasonable accommodation in order to apply for a position with Farm Credit East, please call 1-800-562-2235 or e-mailFarmCreditCareers@farmcrediteast.com