Loss Mitigation Administrator

About the role

Loss Mitigation Administrator is primarily responsible for providing complex administrative and analytical support with analyzing and servicing, performing and non-performing loan portfolios while ensuring quality and service to customers.

Responsibilities

• Analyzes financial information, credit reports, collateral and loan information for consultation, reporting, and system maintenance.
• Compiles and analyzes account data in preparation of tracking and trend reports for management.
• Responds to the officer’s requests for various documents, ensuring the acquisition, transfer, and storage of applicable files.
• Maintains account portfolio ensuring timely and necessary account maintenance and updates.
• Assists with gathering related loan information and preparing various forms and submissions.
• Reviews and audits loan documentation.
• Works closely with internal/external legal counsel and auditors, providing needed information and research.
• Performs other duties and special projects as assigned.
• Incumbent is required to comply with all applicable federal, state and local banking and industry related laws and regulations including but not limited to the Bank Secrecy Act.

Requirements

• High School Diploma or GED; Bachelor’s degree in a related field preferred
• 5+ years’ related experience preferably in a financial institution required.
• Knowledge and understanding administrative practices and policies, loan documentation requirements, and regulations
• Thorough knowledge of deposit and loan systems, report generation, and information gathering
• Excellent customer relation skills focused on delivery superior service quality
• Excellent PC skills including spreadsheet and word processing application and proprietary applications
• Excellent oral and written communication skills
• Ability to work under stress and meet deadlines
• Ability to travel if required to perform the essential job functions
• Ability to operate related equipment to perform the essential job functions
• Ability to read and interpret a document if required to perform the essential job functions
• Ability to lift/move/carry approximately 10 pounds if required to perform the essential job functions. If the employee is unable to lift/move/carry this weight and can be accommodated without causing the department/division an “undue hardship” then the employee must be accommodated; hence omitting lifting/moving/carrying as a physical requirement.