Loan Review Specialist

Job purpose

To provide an objective appraisal to credit union management of Member Business Loans and applications for credit in order to identify potential loan problems and ensure compliance with established loan policies and federal regulations.

Duties and responsibilities

Primary Duties:

• Performs regular loan portfolio reviews based on risk and/or size of all credit types (commercial real estate, equipment, Small Business Administration, asset-based lines of credit, participations, etc.) that cover the following areas:
  1. Asset Quality – Ensuring that acceptable credit standards are maintained (confirms lien perfection, repayment capacity, collateral, etc.)
  2. Documentation – Ensuring that loans conform to established bank lending policies and procedures and that required documents have been obtained and are thorough and accurate.
  3. Compliance – Ensuring conformance to relevant state and federal laws and regulations.
• Ensures the creditworthiness of the loan portfolio, looking for changes that merit a review of lending practices and/or adverse asset classification
  1. Validates the accuracy of the credit grading/loan rating system
     • Evaluates the allowance for loan loss methods/reserves/allocations/watch list
  2. Identifies problem loans and describes deficiencies
     • Recommends final credit grades for approval by supervisor of Loan Review function
     • Provides detailed reasons/rationale for assigning differing and/or adverse risk ratings
  3. Identifies and evaluates portfolio trends with respect to delinquency, bankruptcy, demographic and other factors
  4. Monitors portfolio diversification in accordance with policy guidance and strategic plan
  5. Stress tests the loan portfolio or individual loans for risk monitoring
• Reviews credit union processes (loan approvals, policy exception reporting, supervisory loan to value limits, underwriting, covenants, internal controls, concentration reporting, ALLL methodology, etc.)
  1. Evaluates the adequacy and effectiveness of tracking systems
  2. Determines if proper approval procedures and loan authorities are adhered to
  3. Reports trends and/or makes suggestions for changes
  4. Informs management of any potential fraud opportunities and/or detection
• Verifies quality, completeness and accuracy of supporting loan documentation and analysis
  1. Periodically reviews files for appraisals, deeds of trust, UCC filings, perfection on liens, collateral evaluations and valuations, etc.
  2. Performs regular back-end review of financials and related analysis (financial statements, tax returns, rent rolls, personal financial statements, cash flow statements, etc.)
     • Identifies trends, debt service coverage, performance ratio analysis
• Reviews loan policy for adequacy
  1. Validates that applicable laws and regulations are addressed by policy
  2. Ensures that actual procedures/processes uphold the written policy
  3. Makes suggestions/recommendation for changes/updates/revisions to policy content
• Assesses problem loan management/workout plan effectiveness
• Provides assistance and consultation to loan officers, other lending personnel (loan administration, lending assistants, etc.), auditors and regulatory examiners.
• Prepares an executive summary of each review and supporting analysis
  1. Creates write-ups for presentation to individual lenders and/or management
  2. Presents findings to Board of Directors as appropriate
• Participates in special lending-related projects as directed
• Performs additional job-related duties as assigned or required

Other Responsibilities:

• Other duties as assigned

Qualification – Minimum Requirements

• Bachelor’s Degree with an emphasis in finance or accounting – or equivalent combination of education and experience (5 years) required.
• Minimum of three (3) years’ experience in a Loan Review or credit analysis capacity is required.
• Must exhibit strong analytical skills, recognizing the importance of attention to details.
• Must have the ability to multitask to meet deadlines and deal tactfully with clients.
• Computer aptitude with MS Office programs, Word, Excel, Adobe, Access and PowerPoint.

Key Success Factors:

• Thorough knowledge of lending laws and regulations
• Strong analytical, technical and statistical skills
• Sound working knowledge of accounting principles and financial statements
• Ability to create reports of review findings
• Capability to effectively present information and respond to questions form groups of lenders, managers, directors and/or regulatory officials
• Strong integrity in all areas, adhering to policies, regulations and utmost ethical and legal standards
• Uphold confidentiality and privacy of findings in all situations
• Demonstrate ability to prioritize and handle multiple projects
• Remain flexible to withstand unpredictable changes to schedules and deadlines
• Interact and communicate effectively with personnel at all levels of the organization

Desirable Performance Behaviors:

• Ability to interact easily at all levels of the organization
• Flexibility in working with team members to meet deadline
• Commitment to excellence and attention to detail
• Exhibit professional behavior
• Ability to work on multiple projects while meeting tight deadlines and achieving expected level of accuracy

Equipment/Software Operating Requirements;

Windows based PC (MS Word/Excel/Power Point/Outlook

Familiar with Bank CORE syatems

Document Imaging

copy machine; telephone

Working conditions

• Normal business office environment in a professional business setting.
• Occasional travel to credit union locations and off-site vendors.
• Work pace can be very fast during deadlines and peak periods.

Physical requirements

• Operation of a Personal Computer and viewing information on a monitor
• Must be able to sit for many hours each day
• Ability to sit in artificial light for extended periods of time.
• Must be able to communicate via telephone and possess dexterity to include filing document, reaching, and bending
• May be required to stand for extended periods of time
• Ability to lift or carry up to 20 pounds
• Ability to speak English, express ideas and have difficult conversations in person and over the phone
• Ability to listen and comprehend speech
• Ability to problem solve, make decisions, interpret data and information, read, write, and organize information in an orderly manner