Loan Review Officer - Loan Review

WesBanco Bank • Bowie, MD

1d

About The Position

Under the direction of the Director of Loan Review, the Loan Review Officer assists with the independent and objective evaluation of loan portfolio quality, adequacy of loan documentation, and effectiveness of loan administration functions. The role also assists with communicating 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 collectability and credit risks, assigns appropriate risk grades, evaluates documentation and loan administration, and recommends corrective actions for problem situations. The role requires proficiency in applicable banking policies, procedures, laws, and regulations, as well as timely completion of assigned compliance training.

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, banking laws, and regulations.
• Proficiency in Microsoft Word, Excel, and Outlook.
• Ability to use tools provided to perform job responsibilities.
• Ability to develop working knowledge of commercial lending, including collateral documentation, generally accepted practices, and financial analysis.
• 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 both subjective and concrete variables.

Nice To Haves

• Accounting or Finance major.
• BAI Loan Review Certification or RMA Credit Risk Certification.

Responsibilities

• Assist in evaluating the quality of the loan portfolio, adequacy of loan documentation, and effectiveness of loan administration functions.
• Assist with communicating review results verbally and in writing.
• Assist in assessing credit risk and monitoring compliance with loan policy, procedures, applicable laws, and regulations.
• Identify and assess credit, legal, and strategic risks arising from lending activities.
• Assess collectability of extensions of credit by reviewing customer financial information, collateral information and documentation, and payment history.
• Assign risk grades that reflect relative risk of default or loss.
• Recommend corrective actions to help resolve or work 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 the Bank’s policies and procedures and adhere to applicable laws, rules, and regulations.
• Complete assigned compliance training in a timely manner.

Benefits

• 22 days of paid time off (PTO)
• 5 days of short-term disability (STD)
• 11 annual paid holidays
• Medical insurance
• Dental insurance
• Vision insurance
• Health Care Flexible Spending Account
• Dependent Care Flexible Spending Account
• Transportation Fringe Benefit Plan
• Group Life insurance
• Long-Term Disability
• Optional Life insurance
• Access to voluntary benefits including Cancer, Term and Universal Life, Accident, Short-Term Disability, and Critical Illness policies
• Other ancillary benefit products
• 401(k) with employee match

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level