Loan Operations Associate II - Collateral Management Team (Hybrid)

Sandy Spring Bancorp
Columbia
Workplace: HybridFull timeFunction: Banking, Lending & CreditExperience: 2+ yearsEducation: high_schoolSkills: ["Customer service","Communication","Accuracy","Attention to detail","Prioritization"]

Support loan servicing for internal and external customers while improving and executing loan operations processes. Take accountability from receipt of work through resolution and closure, ensuring accuracy in loan boarding, maintenance, corrections, reversals, and payment reapplication. Perform collateral maintenance, escrow monitoring/disbursements, insurance force placement activities, and credit bureau reporting. Partner with Financial Accounting to balance loan general ledger accounts and contribute to year-end regulatory tax reporting.

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Sandy Spring Bancorp
Sandy Spring Bancorp
1 day ago

Loan Operations Associate II - Collateral Management Team (Hybrid)

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Source: Company careers pageValidated by: Fursa AI
Last checked: 11 hours agoStatus: Live

Job Summary

Support loan servicing for internal and external customers while improving and executing loan operations processes. Take accountability from receipt of work through resolution and closure, ensuring accuracy in loan boarding, maintenance, corrections, reversals, and payment reapplication. Perform collateral maintenance, escrow monitoring/disbursements, insurance force placement activities, and credit bureau reporting. Partner with Financial Accounting to balance loan general ledger accounts and contribute to year-end regulatory tax reporting.
Location: Columbia
Workplace: Hybrid
Employment Type: Full time
Job Function: Banking, Lending & Credit
Seniority: Mid level

Key Responsibilities

  • •Respond to inquiries related to assigned area and within established policy and time frames.
  • •Perform intermediate to advanced loan maintenance, code corrections/changes, reversals, and reapplication of payments.
  • •Process loan boarding to core operating systems with accuracy, including system conversions and quality assurance activities.
  • •Handle collateral maintenance, escrow records/screens, insurance monitoring, tracking, and force placement, and process escrow disbursements.
  • •Maintain compliance (including BSA/AML) and support year-end regulatory tax reporting and corrective reporting; partner on balancing loan general ledger accounts.

Key Requirements

  • •High school diploma or equivalent required.
  • •Minimum 2 years of loan servicing experience or 3 years of operations-related experience required.
  • •Banking, accounting, or finance experience required.
  • •Intermediate experience with MS Office Suite.
  • •Experience with loan operations processes and familiarity with loan documents.
Experience:2+ yearsBankingLoan servicingLoan operationsOperationsEscrowCollateral management
Education:High School
Skills:Customer serviceCommunicationAccuracyAttention to detailPrioritization
Tech Stack:MS Office Suite

Company Brief

Sandy Spring Bancorp
Bank holding company for Sandy Spring Bank, providing commercial and personal banking, lending, treasury management, and wealth services across the Mid-Atlantic region. Serves businesses, individuals, and nonprofit organizations through a branch and digital banking network.
Industry: Banking
Company Size: Large (251 to 1,000 employees)
Revenue: USD 100M to 250M
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Olney, United States
Founded: 1868
WebsiteLinkedIn