Loan Review & Workout Officer at Shore United Bank in Easton, Maryland

Posted in Other 16 days ago.





Job Description:

Shore United Bank is looking for a Loan Review & Workout Officer to join our team! The Loan Review & Workout Officer is responsible for tracking, managing, and restructuring the Bank's problem loan portfolio and for managing the Bank's Loan Review function to assist in the ongoing management of credit risk.

Essential Functions


  • Analyze the bank's largest and most complex problem loans and determine the most effective method for maximizing financial recovery.

  • Discuss collection strategies with lending officers.

  • Negotiate restructuring of credit and repayment terms with customers, attorneys, and representatives of other creditors and lending personnel from other companies to secure appropriate workout arrangements.

  • Establish and monitor adherence to terms of workout agreements.

  • Assist the charged-off loan recovery efforts of bank personnel.

  • Evaluate collateral position to better secure loan and establish recourse to other borrower assets against the possibility of charge off.

  • Monitor the sale of repossessed items through auction or other means.

  • Coordinate the timely purchase of SBA guaranteed loans and reimbursement of qualified expenses from SBA.

  • Calculate and submit required documentation for SBA portion of recoveries.

  • Attend bank foreclosure sales and assist in the administration of bank-owned property (i.e., obtains insurance coverage, shows property to prospective buyers, lists property with realtor, follows up on maintenance concerns, attends closings, etc.)

  • Review, grade, and comment on bank loan arrangements, credit authorizations involving lines of credit, commitments, and term arrangements reported by all lending units and credit departments; prepare periodic summary reports.

  • Assist with reviews of past-due and criticized loan reports, supervisory examination reports, and other sources of information for possible downgrading of deteriorating situations.

  • Maintain an accurate picture of the overall credit and regulatory risks associated with the loan portfolio; keep the Board of Directors and management informed as to this situation.

Competencies


  • Problem Solver

  • Detail Oriented

  • Self-Motivated

  • Time Management

  • Patience

Position Type/Expected Hours of Work
This is a full-time exempt position, Monday through Friday.

Required Education and Experience


  • Bachelor's degree in related field or equivalent experience

  • A minimum of 4 years' experience in lending and loan review required

Preferred Skills and Qualifications


  • Strong knowledge of bank products and services

  • Strong knowledge of bank policies and procedures

  • Ability to analyze financial statements

  • Knowledge of current lending and collection laws and regulations

  • Ability to manage multiple priorities daily

  • Proficient computer skills; specifically, Microsoft Office Suite and Outlook

  • Strong written and verbal communication skills

Company Benefits


  • Join a family and community-oriented workplace that offers a team environment, along with a collaborative and friendly place to work

  • Comprehensive benefits packing including health, dental, vision, short-term and long-term disability, long-term care insurance, company paid life insurance, and much more!

  • 401k savings plan with up to a 4% company match

  • Employee perks such as: employee banking services, loan discount program, tuition reimbursement, 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 is a full-service community bank with a rich history dating back to 1876. In excess of one billion in assets, we offer innovative financial services delivered with the personal touch you expect from a community bank. We serve a broad geographic area with branches in Maryland, Delaware, and Virginia, and we also provide a comprehensive suite of digital banking services that allow you to bank with us no matter where life takes you.

In addition to banking, we offer trust and wealth management services through Wye Financial & Trust, a division of Shore United Bank. Together, our team of experienced professionals is dedicated to helping you achieve your financial goals.

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.