Collateral Review & Pledging Specialist

Carter-Bank; Martinsville (VA); On-site; USD 43,000 - 74,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

401(k) & PTO

Job summary

Carter Bank is seeking a Collateral Review Specialist to oversee the collateral review process for pledging loans to FHLB and FRB. You will ensure access to contingent funding and compliance with regulatory requirements.

The role involves reviewing originations, auditing loan files, monitoring collateral, and preparing QCRs and FRB certifications, while coordinating with lenders and compliance teams to resolve issues.

Qualifications

• High school diploma or equivalent required; Bachelor’s degree in business, finance, or related field preferred.
• Prior experience in loan operations, credit administration, or related banking function required.
• Experience submitting QCRs or managing a loan collateral pledge program preferred.

Responsibilities

• Review and evaluate loan originations for FHLB/FRB pledging eligibility.
• Audit files for promissory notes, security instruments, insurance, and title policies.
• Monitor pledged collateral for compliance with FHLB/FRB guidelines.

Skills

Loan documentation

Regulatory compliance

FHLB/FRB collateral

Excel

Core banking systems

Organizational skills

Time management

Analytical skills

Written communication

Education

High school diploma

Bachelor's degree preferred

Tools

Microsoft Excel

Document imaging systems

Core banking systems

Job description

Carter Bank is seeking a Collateral Review Specialist to oversee the collateral review process for pledging loans to FHLB and FRB. You will ensure access to contingent funding and compliance with regulatory requirements.

The role involves reviewing originations, auditing loan files, monitoring collateral, and preparing QCRs and FRB certifications, while coordinating with lenders and compliance teams to resolve issues.