What are the responsibilities and job description for the Loan Administration Specialist position at Shore United Bank?
Shore United Bank is seeking a full-time Loan Administration Specialist to join our team. The Loan Administration Specialist is responsible for providing clerical and administrative support to the Credit Administration departments, coordinating work within the Credit Administration and other departments, and maintaining appropriate records and providing assigned reports.
Essential Functions Include
Position Type/Expected Hours Of Work
Shore United Bank: Good things are happening here. ®
Shore United Bank is an Affirmative Action/Equal Opportunity Employer. Shore United Bank is an E-Verify participant.
Essential Functions Include
- Monitors and invoices Letter of Credit annual renewals.
- Maintains records on borrower’s financial statements by logging receipt, requesting financial statements, and follow ups with obligors.
- Maintains records of covenants/financial indicators by logging receipt of testing verification, requesting Credit or Lender involvement, and follow ups.
- Monitors asset-based loans. Receives draw requests and required reporting documents to ensure that loan advances are within approved advance rate limits. Periodic requests of required financial reporting documents for active lines of credit.
- Coordinates the monthly renewal process for small lines of credit by receiving, reviewing, and updating information on the renewal reports, gathering the required approval information., and forwarding the final report to the necessary departments and people.
- Initiates review of various segments of loan portfolio. (ie. Automated Approval Monitoring and Rate Resets)
- Monitor and obtain critical loan deficiencies that are 90 days past due.
- Review and obtain necessary documentation for non-originated commercial loans.
- Prepares various vital monthly and quarterly reports.
- Assists in preparation for loan review and bank examinations.
- Cooperates with, participates in, and supports the adherence to all internal policies, procedures, and practices in support of risk management and overall safety and soundness and the Bank's compliance with all regulatory requirements, e.g. Community Reinvestment Act (CRA), Bank Secrecy Act (BSA), Equal Credit Opportunity Act, etc.
Position Type/Expected Hours Of Work
- Full-time.
- Non-exempt.
- Days of Work: Monday-Friday.
- High school diploma/GED equivalent.
- 1 year experience successfully providing excellent customer service in a fast-paced environment.
- 1 year experience in a lending-related position preferred.
- The pay range for this position is $23.00 to $26.00 hourly.
- Actual compensation offered may vary from the posted hiring range based on factors such as relevant experience, time in role, base salary of internal peers, prior performance, business sector, licensure requirements and/or skill level, and will be finalized at the time of offer.
- Join a family and community-oriented workplace that offers a team environment, along with a collaborative and friendly place to work.
- Comprehensive benefits package for full-time employees including health, dental, vision, company-paid life insurance, mental health well-being, short-term and long-term disability; and much more!
- Paid parental leave
- 401k savings plan with up to a 4% company match
- Employee perks such as: employee banking services, loan discount program, education assistance, career development program, Employee Assistance Program, and wellness initiatives.
- Opportunity for growth and advancement
- Paid training program and continuous training sessions throughout the year on various topics
- Generous paid time off and paid sick time
- Community involvement opportunities
Shore United Bank: Good things are happening here. ®
Shore United Bank is an Affirmative Action/Equal Opportunity Employer. Shore United Bank is an E-Verify participant.
Salary : $23 - $26
