Loan Review Officer (Finance)
SUMMARY :
Review consumer, mortgage, commercial real estate, and C&I loans to ensure loan quality, adequate documentation, and risk rating. Primarily works on medium complexity relationships with minimal assistance.
ESSENTIAL JOB FUNCTIONS :
- Authors analysis and reports without supervision with respect to consumer, mortgage and medium complexity commercial loan transactions
- May manage relationship reviews that involve some inter/intra-company analysis, may include C&I and syndicated C&I
- Work on special projects as needed with minimal assistance
- Independently resolve open issues with loan officers and loan operations
- Identify and recommend best practices and improvements to loan review processes and procedures
- Present loan review findings to management and board
- Ensure that acceptable credit standards are maintained
- Ensure all loans confirm to the bank's lending policies and relevant state and federal laws and regulations
- Analyze and document Large Loan Relationships (LLR) and other Concentration loan segments as established by the Loan Review Scope approved by the Board of Directors
- Analyze all pertinent financial information and guarantor(s) and noting where inadequate information exists
- Evaluate collateral coverage and stress testing values of collateral, where appropriate
- Interact with Loan Officers and support staff to obtain pertinent information on loan(s) and relationship
- Document individual loans and entire relationship in Loan Review template, for distribution to the Loan Officer and Management
- Ensure the credit worthiness of the loan portfolio and concentrations within the portfolio
- Validate the accuracy of the risk rating / loan grading system and completion of loan matrix
- Determine if any impairment exists and make appropriate referrals for non-accrual considerations and individual impairment analysis
- Identify trends (positive or negative) within the overall portfolio and by segments, including product type, lenders, regions and concentrations
- Review concentration levels during Concentration segment reviews against guidelines and recommend adjustments when risk levels appear elevated.
- Review bank's processes to monitor adequacy and effectiveness of tracking systems (financial information, insurance, etc.); proper approval procedures and adherence to loan authorities; improper disbursement of funds or potential fraud
- Advise management of current and potential loan problems, including identifying problem loans and ensuring proper Risk Rating assignment
- Assess problem loan management / workout plan effectiveness
- May be asked to pull loan files and collect documentation for regulatory review or internal audits.
JOB REQUIREMENTS :
- Bachelor's degree, or high school diploma plus relevant work experience
- Previous loan review experience or credit underwriting analysis, preferably in Commercial banking
KNOWLEDGE/SKILLS REQUIRED :
- Clear understanding of lending laws and regulations
- Clear understanding of loan compliance
- Strong analytical and problem solving skills
- Working knowledge of financial accounting and financial statements
- Effective oral and written communication skills
- Attention to detail
- Ability to work in a fast paced environment withstanding unpredictable changes to schedules and deadlines
- Ability to effectively present information and respond to questions from groups of lenders, managers, directors and/or regulatory officials
- Proficiency with Microsoft Office including Word and Excel
PHYSICAL AND MENTAL QUALIFICATIONS :
- Standing, walking, bending and stooping required
- Must be able to sit at a desk for long periods of time and use a computer
- Must be able to occasionally move or lift up to 10 pounds
- May be asked to work supplemental hours periodically
- Limited travel required occasionally during and after business hours
The above statements are intended to describe the general nature and level of work being performed by the incumbent assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties, and/or skills required of all personnel so classified.
NOT A CONTRACT
