196 - Credit Risk Monitoring - Credit Risk Monitoring Specialist I

First United Bank & Trust•Oakland, MD

4d•$15 - $29•Hybrid

About The Position

The Credit Risk Monitoring Specialist I performs administrative and monitoring duties supporting consumer and commercial construction escrow disbursements, insurance claims, commercial loan documentation, floor plan monitoring, and approved appraiser and attorney lists. The role tracks collateral, prepares accurate commercial loan documents, maintains records and files, coordinates with borrowers, contractors, inspectors, surveyors, Loan Operations, and other internal and external parties, and supports compliance with departmental procedures and regulatory requirements. The position reports to the Director of Credit Risk Monitoring and supervises no employees. It is based at the Operations Center in a hybrid work arrangement and is hourly, with overtime eligibility.

Requirements

High school diploma or equivalent relevant experience.
Obtain and maintain 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, and Adobe/Nuance; Laser Pro.
Visual and auditory skills.
Valid driver’s license.
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.

Nice To Haves

Working knowledge of bank systems.
At least one year of experience in related banking or finance positions.

Responsibilities

Maintain construction escrow disbursement files and coordinate inspections with inspectors, contractors, and borrowers.
Pay builders according to plan review, draw schedules, and inspector reviews; order foundation location surveys; and coordinate disbursement application with Loan Operations.
Maintain approved contractor and inspector lists and their licensing information; prepare disbursements for electronic imaging; process 1099 reporting for consumer construction disbursements; and collect documentation to close out escrow funds.
Track insurance claim proceeds, coordinate inspections as needed, maintain insurance claim disbursement files, and coordinate disbursement application with Loan Operations.
Forward insurance claim requests to CRMS II and/or DCRM for review and approval on whether to release funds or hold them until repairs are complete.
Prepare insurance disbursements for electronic imaging and process 1099 reporting for insurance disbursements.
Prepare commercial loan documents accurately in accordance with the final approved credit facility and follow up with internal and external customers to clarify or obtain missing or incomplete information within established timeframes.
Process daily dealer transactions to accounting records; assist with processing 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 imaged electronically.
Maintain the Approved Appraisers List, update licensing and E&O requirements annually, collect information from prospective appraisers, and submit required documentation to the approving committee.
Maintain the Approved Attorney List and its annual E&O updates; collect and maintain information from commercial teams requesting new attorneys.
Serve as backup to other Credit Risk Monitoring Specialist I employees as needed and update department procedures as necessary.
Coordinate work with departmental personnel and other departments to support an efficient flow of information.
Comply with applicable laws, organizational policies, procedures, risk-management practices, safety and soundness requirements, and regulatory requirements, including CRA, BSA, and ECOA.
Report pertinent information to the manager, compile and provide requested data to bank personnel, and assist with information requests from consultants, regulators, and accountants.
Perform other related duties as assigned.

Benefits

12 days of PTO for full-time hourly-paid employees, accrued at one day per month; accrued PTO may be used after 90 days of employment.
Unused PTO at the end of the first year converts to sick-time accrual; sick time accrues up to 120 days under the described policy.
Annual vacation benefit eligibility after one year of service.
12 paid holidays.
2 personal days after 90 days of employment.
2 family sick days after 90 days of employment.
2 volunteer days after 90 days of employment.
Health care, dental, and vision coverage for single or family plans beginning the first of the month following 30 days of full-time employment.
401(k) eligibility beginning the first 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.
Overtime eligibility.