Loan Administrator II

FVCbankCorp, Inc.; Virginia Beach (VA); On-site; USD 60,000 - 70,000; Full time

Job summary

FVCbank is seeking a Loan Administrator II to support the Commercial Lending Staff and Loan Administration in day-to-day operations in Virginia Beach. The role reports to the SVP/Regional Market President for Hampton Roads and offers a salary range of $60,000 to $70,000 annually.

Responsibilities include handling loan files, coordinating closings, ensuring proper booking in Horizon, and maintaining documentation.

Qualifications

• High school diploma required.
• Minimum 2 years in banking or financial services.
• Detail oriented with strong accuracy.
• Proficient in Microsoft Office (Excel/Word).
• Adaptability to other software programs.
• Solid business writing skills.
• Good organizational skills.

Responsibilities

• Receive new loan files and verify approvals; inform loan officer of missing information.
• Coordinate closing with loan administration and delivery of documents.
• Ensure collateral documents are recorded and loans booked correctly in Horizon.
• Establish auto transfers when needed; manage client inquiries about loans and deposits.
• Verify payoff amounts and loan closure; release collateral as required.
• Monitor exception reports and ensure compliance with loan approvals.
• Prepare HMDA worksheets to monitor compliance with equal credit opportunity laws.
• Maintain organized shared drives and timely notifications to lenders.

Skills

Detail oriented

Strong written communication

Verbal communication skills

Education

High school diploma

College degree (finance preferable)

Tools

Microsoft Office

Excel

Word

Job description

Reports to: SVP/Regional Market President, Hampton Roads

Salary Range: $60,000.00 - $70,000.00 Annually

About Us:

Since opening our doors in 2007, FVCbank has incorporated a vision of creating a positive and empowering work environment for our employees. Our continuous efforts in supporting our employees to be successful is one of our most important responsibilities. We believe that in order to provide exceptional service to our customers and the community, our employees must be a priority. If you want to join a company that is dedicated to helping you be successful and grow in your career, then join us at FVCbank.

Job Summary

Loan Administrator II supports the Commercial Lending Staff and Loan Administration management in the day-to-day operations of the commercial lending division.

Essential Job Functions

• Receive new loan files, verify approvals, establish check list, advise loan officer of missing information.
• Upon receipt and approval of all required pre-closing documentation, coordinate closing with loan Administration, and deliver of documents from settlement.
• Ensure recordation of collateral documents and verify loan was booked correctly on Horizon with all necessary reserve accounts in place.
• Establish auto transfer, when necessary.
• Engage with clients to answer questions regarding loan and deposit products.
• Verify payoff amounts and post transactions, verify loan closed and release collateral.
• Monitor exception reports for reporting requirements. Review corporate and personal financials ensuring they comply with loan approvals including liaising with guarantors to collect the necessary documents.
• Update ticklers once documents are received. Scan documents and organize files in Shared Drive and M Files.
• Receive Sharefile documents and ensure proper organization on the shared drive and notification to lenders
• Analyze and prepare all documents related to the Bank Secrecy Act by reviewing entity documents to determine accuracy of information and ensuring compliance with all aspects of the BSA Act.
• Follow up with insurance exception reports and coordinate with agents to obtain updated certificates of insurance.
• Send out third party requests as per approval guidelines.
• Help maintain pipeline reports within Sageworks and keep client data up to date
• Proactively review loans in process and reach out to lenders regarding outstanding items- further communicate to borrowers / guarantors if required
• Write up commitment letters and term sheets outlining terms and conditions as per approval guidelines.
• Prepare HMDA worksheets for monitoring purposes ensuring bank remains in compliance with equal credit opportunity, fair housing and home mortgage disclosure laws.
• Ensure client shared drive files are organized and properly maintained in accordance with the directive.

Job Requirements

• High school diploma
• Minimum 2 years in banking
• Detail oriented
• Working knowledge of Microsoft Office, excel and word skills
• Adaptability to other software programs
• Solid business writing skills
• Good organizational skills

Abilities Required

• Strong written and verbal communication skills
• Strong and effective planning and organizational skills
• Ability to interact with all levels of management, employees, industry peers, and customers
• Ability to prioritize multiple competing tasks

Desired Skills

• College degree, preferable in finance, a plus
• Professional and effective interpersonal skills

Essential Functions

• Ability to sit, stand, kneel, and bend for extended periods of time
• Must be able to operate a computer keyboard, mouse, and other computer components
• Ability to converse and exchange information with all levels of staff within the organization
• Ability to observe, perceive, and identify data
• Ability to travel via air, rail, automobile, and/or bus

Disclaimer

The position for which you are applying is one that would have access to cash, financial instruments, financial transactions, or confidential customer financial information. The Bank has determined that personal financial responsibility is substantially related to preventing misuse or misappropriation of financial instruments or information which is an essential function of the position for which you are applying. A consumer report (including a credit report) and additional background reports are requested of all applicants on that basis.

The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.

We are an Affinitive Action/EEO Employer. We do not discriminate on the basis of race, color, religion, national origin, physical or mental disability, protected veteran status, sex, gender identity, sexual orientation or any other characteristic protected by federal, state or local law.