Covenant Administrator
About The Position
The Covenant Administrator is responsible for the set-up and maintenance of financial covenants and reporting requirements for the bank’s commercial loan portfolios in Moody’s CreditLens, the bank’s monitoring system. This role also involves processing document uploads to the Bank’s electronic credit file system, FCM ImageCentre. The position requires interaction with Line of Business (LOB) to obtain missing or incomplete information, processing account officer reassignments, and reviewing reports for accuracy. Additionally, the administrator will create folders for covenant requests, identify Annual Reviews, and assist Credit Services Specialists. Client support for assigned charters and troubleshooting internal inquiries are also key responsibilities.
Requirements
- Minimum of 3 years of experience setting up and maintaining financial covenants and reporting requirements for the bank’s commercial loan portfolios
- Commercial banking experience required, working knowledge and understanding of commercial lending and credit terms
- Ability to perform duties with a high degree of accuracy and attention to detail
- Advanced Computer Skills
Nice To Haves
- Bachelor’s degree a plus
Responsibilities
- Set-up/Update Moody’s tracking requirements based on loan approval documents.
- Verify appropriate loan documentation for new covenant set-up, updates, and maintenance.
- Ensure receipt of appropriate approvals for covenant waivers and modifications.
- Interact with LOB to obtain missing or incomplete information.
- Process account officer reassignments.
- Review Moody’s Detail Report for covenant tracking accuracy and updates.
- Upload documents to FCM ImageCentre, if applicable.
- Review documents, identify correct classification and make necessary updates when needed.
- Adhere to strict naming conventions and categorization guidelines.
- Create folders for all the covenant requests processed in Department’s shared drive.
- Identify Annual Reviews and update Moody’s tracking per line of business requests.
- Assist Credit Services Specialists with processing of covenant modification and Credit Services requests as needed.
- Provide client support for assigned charters.
- Respond to and troubleshoot internal inquiries and issues. Bring issues to the attention of the Supervisor.
Benefits
- Medical Insurance
- Dental
- Vision
- Life insurance
- Accidental death and dismemberment
- Short-term and long-term Disability Insurance
- Parental Leave
- Employee Assistance Program (EAP)
- Traditional and Roth 401(k) with company match
- Flexible Spending Account (FSA)
- Employee Stock Purchase Plan at 5% discount
- Critical Illness Insurance
- Accident Insurance
- Transportation and Commuting Benefits
- Banking Benefits
- Pet Insurance
- Competitive pay
- Discretionary or incentive bonus eligible
- Tuition reimbursement
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
Associate degree
