Loan Administration Specialist
About The Position
Shore United Bank is hiring a full-time Loan Administration Specialist to support the operational integrity and ongoing administration of the Bank’s lending portfolio. The position ensures loan servicing, monitoring, and documentation processes are completed accurately and efficiently, and supports Credit Administration and lending functions in meeting regulatory requirements, internal policies, and risk management standards. The role maintains accurate information flow across departments and helps ensure lending activities are monitored, documented, and maintained throughout the life of each loan. It also collaborates with internal stakeholders and responds to customer-related inquiries to support portfolio management and credit administration practices. The role is non-exempt and works Monday through Friday. It may be based at one of three locations: Shore Bancshares Headquarters in Easton, Maryland; the Westgate Building in Annapolis, Maryland; or the Waldorf Branch in Waldorf, Maryland. The hourly pay range is $23.00 to $30.00. Actual compensation may vary based on relevant experience and other factors and is finalized at the time of offer.
Requirements
- High school diploma or GED equivalent.
- At least 1 year of experience successfully providing excellent customer service in a fast-paced environment.
- Strong professional communication skills.
Responsibilities
- Monitor and invoice annual renewals for letters of credit.
- Maintain borrower financial statement records by logging receipts, requesting statements, and following up with obligors.
- Maintain covenant and financial-indicator records by logging testing verification, requesting Credit or Lender involvement, and following up.
- Monitor asset-based loans; receive draw requests and required reports and ensure advances are within approved advance-rate limits.
- Periodically request required financial reporting documents for active lines of credit.
- Coordinate monthly renewals for small lines of credit by receiving, reviewing, and updating renewal reports, gathering required approvals, and forwarding final reports to the appropriate departments and people.
- Initiate reviews of loan portfolio segments, including 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.
- Prepare monthly and quarterly reports.
- Review borrowers’ insurance claim checks and determine whether funds will be released to the borrower or monitored by the Bank.
- Assist with preparation for loan reviews and bank examinations.
- Complete required regulatory and compliance training, including BSA, CRA, and ECOA, by deadlines and support policies, procedures, and practices that promote risk management, safety, and regulatory adherence.
- Demonstrate the Company’s core values and principles through behaviors, actions, and decisions.
Benefits
- Health insurance
- Dental insurance
- Vision insurance
- Company-paid life insurance
- Mental health and well-being benefits
- Company-paid short-term and long-term disability
- Paid parental leave
- 401(k) savings plan with up to a 4% company match
- Employee Stock Purchase Plan
- Education assistance
- Employee banking services
- Loan discount program
- Career development program
- Employee Assistance Program
- Wellness initiatives
- Opportunity for growth and advancement
- Paid training program and continuous training sessions throughout the year
- Generous paid time off
- Paid sick time
- Community involvement opportunities
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
High school or GED
