Director of Loan Operations

Farmers National Bank of Canfield•Canfield, OH

10h

About The Position

The Director of Loan Operations oversees the Bank’s loan servicing and loan administration, ensuring loan approvals are properly documented and recorded in the loan accounting system. The role ensures policy exceptions are documented, recorded, and reported to executive management and the Board of Directors, and works with Loan Servicing managers to identify and limit risk through internal controls. The Director leads the loan operations and loan servicing departments, maintains loan policies and procedures, and works with senior banking and risk leaders and department managers to monitor adherence to commercial policies. The position oversees loan acquisition discount and premium management, asset quality reporting, loan-related regulatory and financial reporting, and training and compliance support for lending personnel. The Director serves on the Executive Loan Committee and Regional Loan Committee, without individual lending authority or authority to approve policy exceptions outside those committees.

Requirements

Bachelor’s degree in finance, accounting, management, or a related field, or related experience.
Ten years of experience in lending, loan audit, or credit analysis, plus the requisite educational background.
Knowledge of Microsoft Word, Excel, Internet navigation and research, and Outlook.
Ability to communicate clearly and effectively, verbally and in writing.

Responsibilities

Lead and oversee the Bank’s loan operations and loan servicing departments.
Ensure related loan policies and procedures are updated promptly and provide methods for corrections or changes.
Work with the Chief Credit Officer, Chief Administrative & Risk Officer, Chief Banking Officer, and Department Managers to ensure adherence to commercial policies and procedures by reviewing system reports.
Manage purchase discounts and premiums on acquired commercial, consumer, and mortgage loans.
Serve as an active member of the Executive Loan Committee; outside the committee, the role has no individual lending authority or authority to approve policy exceptions.
Serve as an active member of the Regional Loan Committee; outside the committee, the role has no individual lending authority or authority to approve policy exceptions.
Oversee monthly asset quality reports to executive management and quarterly reports to the Board of Directors.
Oversee compilation of the loan section of the Quarterly Call Report.
Oversee compilation of loan footnotes for the Bank’s quarterly and annual financial statements.
Assist with education, training, and development for direct reports and other commercial line personnel as needed.
Complete mandatory and elective training, including BSA and anti-money-laundering procedures, and maintain compliance with applicable rules and regulations.
Assist the BSA Officer in monitoring alerts produced by the AML system to ensure compliance with the Bank Secrecy Act and governmental regulations concerning anti-terrorism, money laundering, and Bank security.
Maintain regular, predictable attendance.
Complete other duties as assigned.