Loan Review Officer - Loan Review
About The Position
Under the direction of the Director of Loan Review, the Loan Review Officer assists with the independent and objective evaluation of the quality of the loan portfolio, adequacy of loan documentation, and effectiveness of loan administration. The role also helps communicate review results verbally and in writing. The position works under the supervision of the Loan Review Department Manager. The officer reviews commercial credits of varying types and complexity, assesses credit and related risks, evaluates collectability and loan documentation, and assigns appropriate risk grades. The role recommends corrective actions to help resolve or work out problem situations and may lead exit meetings for unit reviews. The position requires maintaining proficiency in bank policies, procedures, and applicable regulatory requirements, and completing assigned compliance training on time.
Requirements
- Bachelor’s degree from an accredited college or university in a business-related field.
- At least 3 years of experience as a Federal Bank Examiner or in Loan Review or Credit Analysis.
- Thorough knowledge of commercial and consumer lending and banking laws and regulations.
- Proficiency in Microsoft Word, Excel, and Outlook.
- Ability to use tools provided for performing job responsibilities.
- Ability to develop knowledge of commercial lending, including collateral documentation, generally accepted practices, and financial analysis skills.
- Ability to read, analyze, and interpret financial reports and legal documents.
- Ability to write management reports that conform to prescribed style and format.
- Ability to define problems, collect data, establish facts, and draw valid conclusions.
- Ability to interpret technical and financial information and work with subjective and concrete variables.
Nice To Haves
- Accounting or Finance major.
- BAI Loan Review Certification or RMA Credit Risk Certification.
Responsibilities
- Assist with independent and objective evaluations of loan portfolio quality, loan documentation adequacy, and loan administration effectiveness.
- Assist in communicating loan review results verbally and in writing.
- Assess credit risk and monitor compliance with loan policies, procedures, laws, and regulations.
- Identify and assess credit, legal, and strategic risks arising from lending activities.
- Assess collectability by reviewing customer financial information, collateral information and documentation, and payment history.
- Assign appropriate risk grades to reflect relative risk of default or loss.
- Recommend corrective actions to assist with resolving or working out problem situations.
- Evaluate the adequacy of loan and collateral documentation and the effectiveness of loan administration.
- Review commercial credits of all types and complexities.
- Lead exit meetings for unit reviews.
- Maintain proficiency in bank policies and procedures and comply with applicable laws, rules, and regulations.
- Complete assigned compliance training in a timely manner.
Benefits
- 22 days of paid time off.
- 5 days of short-term disability.
- 11 annual paid holidays.
- Medical insurance.
- Dental insurance.
- Vision insurance.
- Health Care Flexible Spending.
- Dependent Care Flexible Spending.
- Transportation Fringe Benefit Plan.
- Group Life.
- Long Term Disability.
- Optional Life.
- Access to voluntary benefit products, including Cancer, Term & Universal Life, Accident, Short-Term Disability, and Critical Illness policies.
- Other ancillary benefit products.
- 401(k) with employee match.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
