Loan Operations Specialist

your Jared; Silver Spring (MD); Hybrid; USD 43,000 - 66,000; Full time

Job summary

EagleBank in Silver Spring, MD is seeking a Loan Operations Specialist II to set up all types of new loans, modifications, renewals, Letters of Credit, and related entries into the bank's core system (IBS). You will perform loan servicing tasks including account maintenance, address changes, auto debit, payment adjustments, and GL entries, ensuring accuracy and timeliness.

The role requires 5 years of loan servicing/loan documentation experience, familiarity with MS Excel/Word, and knowledge of

Qualifications

• H.S. Diploma or GED required.
• 5 years of loan servicing/loan documentation experience in banking.
• Proficiency in MS Excel and Word preferred.
• Familiarity with core banking systems such as IBS.

Responsibilities

• Set up new loans, modifications, renewals, and Letters of Credit in IBS.
• Perform loan servicing activities including account maintenance and payments.
• Prepare General Ledger entries and review reports.

Skills

Loan servicing knowledge

General Ledger balancing

FIS/IBS knowledge

Education

H.S. Diploma or GED

Tools

MS Excel

MS Word

Job description

We are a values driven organization putting Relationships FIRST. EagleBank (NASDAQ – EGBN) is focused on being Flexible, Involved, Responsive, Strong, and Trusted. By prioritizing meaningful connections with our customers, employees, and shareholders, we relentlessly deliver the most compelling, valuable service to our customers. EagleBank is committed to inclusion, equity, and respect. We celebrate diversity and intentionally seek out opportunities to learn from one another’s experience. We believe employees are essential to the building of relationships and we prioritize investing in employee growth and wellbeing. Employee involvement is fostered through resource groups, mentorship programs, community service, and scholarship opportunities for continued education. With features including maternity and parental leaves, wellness discounts, healthcare premium sharing, employer funding in your HSA account, and 100% 401(k) matching up to 4%, we pride ourselves in the ways we support our internal relationships. The minimum and maximum projected hourly pay for this position is: $31.21 to $48.01.

We understand the need to be creative and flexible when it comes to telecommuting and other alternative work arrangements. This position is eligible for our hybrid remote work and will work in the Silver Spring, MDoffice four days per week.

The Loan Operations Specialist II is responsible for setting up all types of new loans, modifications, renewals, Letters of Credit, commitment extensions and Change in Terms into the bank's core system (IBS), timely and accurately. Perform variety of loan servicing activities such as, but not limited to, account maintenance, change of address, auto debit, payment adjustments, processing loan payments, mail out loan statements, and process General Ledger entries using PeopleSoft. Review reports and perform other duties as assigned.

Requirements

• H.S. Diploma or General Education Degree (GED)
• 5 years of a combination of loan servicing, loan documentation or related job experience in the banking and financial industry
• Thorough knowledge of various types of loan documentation
• Knowledge of Microsoft office products, preferably proficient in MS Excel, and MS Word
• Familiar with General Ledger balancing and common banking transactions
• Knowledge of FIS/IBS bank core system or other similar banking system

Preferences

• Completion of specialized banking or finance courses