Escrow Specialist I

Founded on a legacy of more than 120 years in banking, Bank OZK is much more than just a company. We’re nationally recognized as an industry leader in financial services. That means we combine exceptional service with innovative technologies to deliver smart solutions to our clients across the country. We’re investing in small businesses, fueling economies in local communities and changing skylines in the largest cities across America. Here, we're not simply filling roles. We're fostering even greater careers.

The foundation for a great career starts with an exceptional team and a comprehensive benefits package. We believe in providing our dedicated team members with the best resources to support their physical, mental and financial wellbeing, including generous PTO, 401(k) matching, health, dental, vision (and pet!) insurance as well as special perks and discounts. Learn more about Bank OZK benefits.

Responsible for supporting the Community Bank lending staff with excellent customer service and operational integrity by establishing escrow accounts on the core banking system, reviewing and processing escrow analysis statements, and disbursing real estate tax and insurance payments.  Also provides support in establishing escrow accounts on new loans and researching and solving inquiries from the community bank lending staff.

1. Performs responsibilities in a professional and accurate manner, according to Bank policies, procedures, and established compliance regulations.

2. Serves as primary point of contact for insurance agents and taxing authorities related to escrowed loans.

3. Establishes, maintains, and monitors escrow accounts and escrow payments.

4. Reviews and disburses payment of escrow related invoices, including researching and problem-solving related to such disbursements.

5. Prepares correspondence to customers regarding changes to their escrow account.

6. Reviews and processes escrow analysis statements, answering questions and solving problems relating to statements.

7. Adheres to all Bank policy and procedures and federal regulations relating to escrow.

8. Utilizes core software to its full potential to service escrow accounts.

9. Responds to requests and questions from the Community Bank lending staff.

10. Handles customer calls and researches items for problem resolution.

11. Scans and links escrow related documentation to the loan file.

12. Ensures data input is accomplished correctly and efficiently.

13. Maintains customer confidentiality at all times.

14. Completes all required training by assigned deadlines.

15. Maintains good attendance and punctuality to work.

16. May complete additional duties as assigned.

1. Ability to demonstrate accuracy and thoroughness in performing assigned tasks.

2. Ability to maintain confidentiality.

3. Ability to communicate effectively both verbally and in writing.

4. Ability to work effectively and demonstrate flexibility in a continually changing environment.

5. Ability to work effectively both independently and in a team environment.

6. Ability to work extended hours as needed.

7. Ability to demonstrate effective troubleshooting and problem-solving skills.

8. Ability to respond promptly to requests and demonstrate effective customer service skills.

9. Ability to learn, follow, and interpret Bank policies and procedures.

10. Ability to manage multiple tasks with exacting deadlines in a fast-paced environment.

11. Ability to utilize common sense understanding in order to carry out written, oral or diagrammed instructions.

12. Ability to deal with problems involving several known variables in situations of a routine nature.

13. Skill in using computer and Microsoft Office, including Outlook, Word, Excel.

1. High school diploma or equivalent required; bachelor's degree preferred.

2. Minimum of one (1) year experience with computers, including Microsoft Word and Excel, required

Operate customary equipment and technology used in a business environment, with or without accommodation.

Note: This description is not an exhaustive list of all job functions, duties, skills, and job standards required.  Other job functions, duties, skills, and standards may be added.  Management reserves the right to add or change the job requirements at any time.

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Bank OZK is an equal opportunity employer and gives consideration for employment to qualified applicants without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, disability status, protected veteran status, or any other characteristic protected by federal, state, and local law. Member FDIC.