Credit Administration Specialist

Banco de Credito e Inversiones•Miami, FL

About The Position

The Credit Administration Specialist assists and supports the VP of Credit Administration with all aspects of portfolio management. The Credit Administration specialist serves as a subject matter expert, on current asset collateral, providing regular and ongoing collateral/availability trend analysis, root cause analysis/due diligence, and exception analysis. Individual must be detail oriented and must be able to work under the pressure of deadlines. Individual must also be able to multitask and work independently as well as in a team environment.

Requirements

Ability to operate IBM compatible personal computers; fluency with Microsoft Word, Microsoft Excel, Microsoft PowerPoint at intermediate level as well as the ability to operate AS400 preferred, but not required.
High School Diploma or equivalent required
One to three years of experience is required in a Credit Administration or similar banking/lending role
Demonstrated knowledge of Asset Based Lending (ABL) products/services and offerings Experience in Commercial and Industrial (C&I) lending, particularly those involving owner-occupied Real Estate
General knowledge of credit & collateral analysis techniques

Nice To Haves

Bachelor’s degree in Finance or a related field preferred

Responsibilities

Tracks and gathers required collateral information
Tracks and analyzes collateral availability and Customer trends and prepares management reports according to established department policies and procedures and legal/regulatory guidelines
Prompts identification of over-advance situations or collateral discrepancies and escalates appropriately for prompt and accurate resolution
Refers and validates key loan and collateral terms against important source documentation including the loan agreement, field examination documentation, internal credit approval documentation, and underwriting/credit policy references
Develop/construct a Borrowing Base Report template specific to particular loan/collateral structures
Train new hires in the area of credit administration
Translate all credit presentations and legal contracts as required
Monitor and control of lines of credit
Draft committee minutes
Monitor on an ongoing basis the international credit ratings for risk assets
Monitor on an ongoing basis the covenants of our credit customers
Monitor on an ongoing basis collateral control, LTV, insurance, appraisals, taxes
Monitor any waivers, amendments or changes in the terms and conditions of the loans
Maintain Relationship Managers aware of renewals and maturities Must be able to have the ability to create reports upon request
Assist in audits
Preparation, management, and control of electronic customer files and documentation
Open, delete, and renew credit lines and collaterals on the AS 400 (bank’s core processing system)
Collaborates with the Relationship Manager in the gathering of clients’ financial information for timely preparation of all underwriting and portfolio servicing assignments, including but not limited to annual loan review and covenant testing
Ability to understand, speak, read and write English and Spanish Effectively speaking before groups of customers or employees
Assume evolving duties and responsibilities of position
Work all hours required to fulfill job duties and responsibilities (including weekends, evenings and holidays as needed)
Travel as required
Provide coverage for other positions as requested
Perform additional duties and responsibilities as assigned by management