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 role 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 specialist maintains accurate information flow across departments and collaborates with internal stakeholders while responding to customer-related inquiries. The position may be based at Shore Bancshares Headquarters in Easton, Maryland; the Westgate Building in Annapolis, Maryland; or the Waldorf Branch in Waldorf, Maryland. This is a full-time, non-exempt position working Monday through Friday.
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 Letter of Credit renewals.
- 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 reporting documents to ensure advances remain within approved advance-rate limits, and 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 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 vital monthly and quarterly reports.
- Review borrowers’ insurance claim checks and decide 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 by deadlines and support policies and practices promoting risk management, safety, and regulatory adherence.
- Demonstrate the Company’s core values and principles through behaviors, actions, and decisions.
Benefits
- Comprehensive benefits package for full-time, permanent employees, including health, dental, and vision coverage, company-paid life insurance, mental health well-being resources, and company-paid short- 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 and a loan discount program.
- Career development program and paid training, with continuous training sessions throughout the year.
- Employee Assistance Program and wellness initiatives.
- Opportunity for growth and advancement.
- Generous paid time off and paid sick time.
- Community involvement opportunities.
- Collaborative, friendly, family- and community-oriented team environment.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
High school or GED
