Secured Credit Specialist - Secured Credit Administration

WesBanco Bank, Inc. • Ann Arbor, MI

3d

About The Position

Responsible for supporting the job activities of the Department Head and Team Leaders for Secured Credit Administration (SCA). Acts as a liaison between SCA personnel, commercial lending, loan operations, commercial lending support groups, and perform various roles related to administration and follow-up support for SCA activities including but not necessarily limited to monitoring of Marketable Securities, Formula-Based Lines-of-Credit Monitoring, Floor Plans, Commercial Construction Draws, and Real Estate Valuations.

Requirements

• Banking is a highly regulated industry and you will be expected to acquire and maintain a proficiency in the Bank's policies and procedures, and adhere to all laws, rules and regulations that are applicable to your conduct and the work you will be performing.
• You will also be expected to complete all assigned compliance training in a timely manner.
• Professional demeanor in appearance, interpersonal relations, work ethic and attitude.
• Ability to maintain confidentiality.
• General understanding of systems and procedures used in making and servicing all types of loans.
• Ability to effectively present information and respond to questions from groups of managers, lenders and customers.
• Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages.
• Ability to apply concepts of basic algebra and geometry.
• Ability to work independently to meet all deadlines once fully trained.
• Proficient in MS Office, including Word, Excel, Outlook.
• Associates Degree in business or minimum of one year of related experience and/or training in commercial loan documentation; or equivalent combination of education and experience.

Nice To Haves

• Familiarity with commercial loan legal documents a plus but not required.
• Familiarity with IBS a plus.
• Familiarity with Capital Stream Finance Center a plus but not required.

Responsibilities

• Daily/Weekly/ or Monthly monitoring of report of loans secured by marketable securities to assure proper margins are maintained.
• Prepares monthly reports summarizing floor plan inspection activities.
• Adds new Formula Based Lending Lines of Credit to the Department’s Sharepoint Site.
• Uploads monthly floor plan inspection reports to Finance Center.
• Uploads monthly loan-to-value worksheets prepared for FDICIA regulatory compliance.
• Monitors and maintains control over the commercial construction builder’s risk insurance and worker’s compensation insurance expiration dates.
• Assists Department Head and Team Leaders as needed with their management duties, responses to Examiners/Audit/Loan Review/Compliance, preparation of various reports, uploading documents and sending updates to the Loan Operations Group.
• Other duties as may be assigned.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree