196 - Credit Risk Monitoring - Credit Risk Monitoring Specialist I

First United Bank & Trust•Oakland, MD

3d•Hybrid

About The Position

The Credit Risk Monitoring Specialist I supports construction escrow, insurance claim, commercial loan documentation, floor plan monitoring, collateral tracking, and approved appraiser and attorney list administration. The role prepares and tracks disbursements and commercial loan documents, coordinates with borrowers, contractors, inspectors, surveyors, Loan Operations, and other internal and external parties, and ensures records and collateral documentation are accurately maintained and imaged. The position also supports departmental procedures, regulatory compliance, risk management, and reporting. It is an hourly position eligible for overtime and is based at the Operations Center in a hybrid work arrangement.

Requirements

High school diploma or equivalent relevant experience.
Obtain and maintain the appropriate Bank Product Knowledge Certification.
Proficient reading, writing, grammar, and mathematics skills.
Proficient interpersonal and communication skills.
Detail oriented and able to prioritize workload to meet deadlines.
Proficient PC skills, including Microsoft Word, Excel, PowerPoint, Adobe/Nuance, and Laser Pro.
Visual and auditory skills.
Valid driver’s license.

Nice To Haves

Working knowledge of bank systems.
A minimum of one year of experience in related banking or finance positions is preferred.
Working knowledge of loan documentation principles and perfection of security interests.

Responsibilities

Maintain construction escrow disbursement files; coordinate construction inspections with inspectors, contractors, and borrowers; pay builders according to the applicable plans and review schedules; order foundation location surveys; coordinate escrow disbursements with Loan Operations; maintain approved contractor and inspector lists; prepare disbursements for electronic imaging; process required 1099 reporting; and collect documentation to close out project escrow funds.
Track insurance claim proceeds; coordinate inspections as needed; maintain insurance claim disbursement files; coordinate disbursements with Loan Operations; forward requests to CRMS II and/or DCRM for review and approval of whether proceeds should be released or held; prepare disbursements for electronic imaging; and process required 1099 reporting.
Prepare commercial loan documents accurately in accordance with approved credit facilities, and follow up with internal and external customers to clarify or obtain missing or incomplete information within established timeframes.
Process daily floor plan dealer transactions to accounting records; assist with processing new and used vehicle invoices and posting vehicle sales and purchases; and submit FTM credits and debits for approval.
Track loan-related collateral, including titled units and UCC filings; work with business units to resolve missing or unidentified collateral; and ensure collateral is properly imaged.
Maintain the Approved Appraiser List, including annual licensing and E&O updates; collect information from prospective appraisers; and submit documentation to the approving committee.
Maintain the Approved Attorney List, including annual E&O updates; collect and maintain information for requests to add attorneys.
Serve as backup to other Credit Risk Monitoring Specialist I staff as needed.
Update departmental procedures as needed.
Coordinate work with departmental personnel and other departments to support an efficient flow of information.
Follow workplace laws and organizational policies designed to prevent harassment and illegal discrimination.
Support internal risk-management and safety-and-soundness policies, procedures, and practices, including compliance with applicable regulatory requirements.
Report pertinent information to the manager, compile information as requested, and provide data to appropriate bank personnel.
Assist with information requests from bank consultants, regulators, and accountants.
Perform other related duties as assigned.

Benefits

12 days of paid time off for eligible full-time hourly employees, accrued at one day per month; accrued PTO may be used after 90 days of employment.
After one year of service, eligible employees receive an annual vacation benefit.
12 paid holidays.
2 personal days after completion of 90 days of employment.
2 family sick days after completion of 90 days of employment.
2 volunteer days after completion of 90 days of employment.
Health care, dental, and vision coverage for eligible employees, effective the first of the month following 30 days of full-time employment.
401(k) eligibility beginning the first day of the month following 30 days of employment, with an employer match available.
Company wellness program.
Company stock program available after one year of employment.
Annual performance reviews, with salary increases based on individual performance.
Eligible for overtime.