SAG Loan Specialist II

First Interstate•Boise, ID

2d•Onsite

About The Position

The SAG Loan Specialist II assists Special Asset Group (SAG) Officers in the restructuring, rehabilitation, collection, and liquidation of criticized and/or classified loans. This position is responsible for assisting SAG Officers with portfolio management by performing loan processing duties, reporting and analyzing data, researching issues, and problem resolution.

Requirements

High School Diploma or General Education Degree (GED) required
4-6 years loan related banking experience required
Strong and demonstrated client service and problem resolution skills.
Developed word processing and spreadsheet skills utilizing systems such as Microsoft Word and Excel.
Ability to work effectively with individuals and groups across the company to manage client relationships.
Proficiency with personal computers and multiple related internal and external software packages and loan operating systems.
Ability to read, analyze, and interpret common scientific and technical journals, financial reports, and legal documents.
Ability to respond to common inquiries of complaints of clients, regulatory agencies, or members of the business community.
Ability to write speeches and articles for publication that conform to prescribed style and format.
Ability to effectively present information to top management, public groups, and/or boards of directors.
Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane and solid geometry and trigonometry.
Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.
Ability to define problems, collect data, establish facts, and draw valid conclusions.
Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.

Responsibilities

Handles client transactions and client problem resolution; responds to client account inquiries, performs account maintenance, and researches and resolves client problems.
Drafts requests for financial information, past due and demand letters to clients, and handle special mailings, as requested.
Executes client transactions within applicable department guidelines, escalating to the assigned SAG Officer any requests outside specified norms or items requiring SAG Officer signature or approval; transactions may include transfers, withdrawals, distributions, wire transfers, payments, fee waivers, fee refunds, client overdrafts, loan payoffs, processing paid loans, monitoring reports, and other loan and account operations as requested.
Reconciles client accounts, enters client financial data into databases, and monitors exceptions to company policies.
Performs covenant tickler maintenance, monitoring, and updates.
Prepares and/or reviews client account documents for meetings between the SAG Officer and the client, focusing on completion of signatures, accuracy, and fulfillment of standard regulatory and compliance guidelines.
Assists in obtaining necessary information to process loan applications, such as financial statements, tax returns, business documentation, credit reports, UCC searches, title work, appraisals, flood determinations, bankruptcy filings, etc.; may also work with outside counsel, title companies, other product vendors, etc. to request documents needed for loan requests.
Orders loan documents in accordance with loan approval conditions, responds to SAG Officer inquiries regarding the status of loans, loan documentation, client accounts, etc.
Facilitates booking loans onto core system and perform post-booking check to ensure entries are correct.
Schedules quarterly Asset Quality Meetings (AQM), produces a detailed agenda, gathers and organizes all PLSR’s by the deadline, and provides to all meeting attendees.
Takes detailed notes of discussions during AQM, provides a detailed analysis of final risk ratings and quality trends to SAG Manager, and audits the PLSR process to identify missing PLSR’s and timeliness of upload to SharePoint.
Runs daily, weekly, monthly, and quarterly reports; reviews report for accuracy and compliance and takes action to update systems or make other corrections.
Performs file check-ins and advises SAG Officer of documentation deficiencies, uploads documents to Director according to applicable procedures.
Maintains the security and integrity of all files and databases.
Attends operational meetings and keep abreast of all credit policies and changes associated with loans, documentation, ticklers and tracking, asset quality, credit reviews, etc.
Assists SAG Officers in preparing for internal and external audits, ensuring that borrower file documentation and electronic files are in order.
Performs various duties related to OREO such as reconciling accounts, 1099 reporting, paying invoices and taxes, maintaining property specific workbooks, and other duties as assigned.
Maintains compliance with all state and federal banking laws and regulations, internal lending policies and procedures, and First Interstate Bank values.
Assist with SBA guarantee purchases by preparing 10-tab submissions and submits to SBA.
Completes semi-annual reporting to SBA on loans that are in liquidation, pending charge-off and wrap-up.
Provides administrative assistance to SAG Manager, as needed.