Loan Review Officer

About the role

Organizes and conducts loan review of existing commercial loan portfolio to assess and manage risk and ensure conformance with established credit standards and bank policy. Provides the Loan Review Manager or, Sr. Loan Review Officer with a timely, objective assessment of the overall quality of the bank’s loan portfolios.

Responsibilities

• Assesses overall lending portfolio risks; reviews policies and procedures in order to improve management of those risks.
• Gathers timely and pertinent data to project trends that affect the ability to collect loans and to isolate potential problem areas early.
• Identifies factors that might create potential loan loss problems, i.e. economic or market conditions, deficient loan documentation or underwriting support, early signs of financial weakness, etc.
• Maintains compliance with all of the bank’s lending policies and procedures and related laws and regulations.
• Ensures that the credit department, in conjunction with Commercial Loan Officers, assigns appropriate risk grades to loans.
• Monitors problem commercial loans and ensures they are appropriately risk-rated and monitored closely until the status has improved or the loan has been paid or charged off.
• Periodically reviews Commercial Loan Officer’s portfolios to review and discuss loan grades that are different from those assigned by the loan officer, documentation and/or financial statement deficiencies discovered, and any dangerous tendencies that appear to be developing in the officer’s portfolio.
• Verifies that the Bank’s documentation control system is working and determines its adequacy; identifies deficient or inadequate loan documentation.
• Assumes additional duties and responsibilities as necessary to ensure department objectives are met.
• Ensures compliance with all banking laws, rules, regulations, and prescribed policies/practices/procedures necessary to reduce risk and uphold ethical standards related to and required by one’s duties.

Requirements

• BS degree in Accounting or Business or equivalent work experience
• Ongoing education in commercial lending/loan review
• 5+ years of experience as a credit analyst, Loan Review Associate, credit officer, or risk analyst of a steadily growing commercial portfolio
• Some accounting experience preferred

Qualifications

Strong analytical and organizational skills
Working knowledge of computer programs such as Excel and Access
Strong written and verbal communication skills

Skills & Knowledge

• Strong analytical and organizational skills
• Working knowledge of computer programs such as Excel and Access
• Strong written and verbal communication skills

Benefits

Actual compensation within the pay range will be determined based on factors including, but not limited to, skills, prior relevant experience, and specific work location.

Pay

$55,588 - $102,474

Schedule

Exempt