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- Prepare a loan review scope in accordance considering established regulatory and internal methodology guidance.
- Periodic sampling of commercial loan files providing validation of assigned loan grades by assessing the customer's financial condition, completeness of loan file documentation, and compliance with the bank's lending policies, related to operating procedures, and regulatory guidelines.
- Ensure all assigned credits are appropriately graded prior to origination, renewal or material change.
- Compile all monthly and quarterly reports.
- Review of all TDRs and loan grade change requests to ensure the integrity of the loan grading system.
- Attend Officer Loan Committee meetings, Board Loan Committee meetings, and Charge Off Committee meetings.
- Review administrative loan reports and attend ALR Committees on an "as scheduled" basis. Seek to support and improve loan structure and reduce the bank's loss exposure.
- From an independent perspective, recommend changes in structure to improve the bank's position or strengthen the credit.
- Provide guidance to the commercial lenders through this process and as lenders raise questions throughout the lending processing.
- Monthly review of watch list, classified and problem loan listings and specific file reviews and assessments where warranted.
- Document exceptions and follow-up to ensure resolution.
- Perform periodic analytical review of loan quality indicators (i.e. credit concentrations, delinquent loans watch list, loan extensions, significant lines of credit, out-of market loans) for the bank with the objective of refining specific loan review activities and highlighting concerns for senior management.
- Primary support to the Chief Risk Officer related to complex commercial situations when litigation is threatened or a complaint is escalated to the regulators.
- Other duties as assigned by the Chief Risk Officer.
- Demonstrated knowledge and expertise in commercial lending techniques and practices. General knowledge and understanding of retail lending techniques and practices.
- Excellent analytical ability.
- Ability to work independently and manage time effectively.
- Excellent written , oral, and presentation skills along with the ability to effectively listen and interface with bank personnel, appropriate management personnel, and third party professionals.
- Ability to effectively utilize word processing and spreadsheet software applications as well as bank mainframe computer applications.
- Bachelor's degree in a related field and between 5-8 years of commercial lending, portfolio management, or independent loan review experience.
Loan Review Analyst - Holland, United States - Macatawa Bank
Description
POSITION SUMMARY
Under limited direction of the Chief Risk Officer, the Loan Review position will be the sole FTE dedicated to the bank's independent loan review activity, leveraging experience, analytical tools and specific loan file review techniques to validate the effectiveness of management's loan grading system, process of identifying problem loans. The position will have the responsibilities to quantify the level of risk associated with the commercial loan portfolio and loan grading system.
ESSENTIAL FUNCTIONS
Required Attributes
SALARY GRADE: 37
*Macatawa Bank's full position description is available upon request.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR c)