Loan Review Officer II, Credit Administration (Hybrid - Downtown Seattle, WA)

Salary Range:

(Depending on knowledge, skills, abilities and location. Certain level jobs may be eligible for bonus, commission, and/or equity awards.)

Posting Date:

This job will be open and accepting applications for a minimum of three days from the date it was posted.

Benefits* worth writing home about:

• Medical, dental, and vision coverage for employees and their families
• Life, disability and family Leave
• 401(k) and Roth 401(k) with employer match
• Wellness program, employee assistance program, "Commute Trip Reduction" (CTR) and various employee discounts
• Generous vacation, sick leave, 11 paid holidays, and 16 hours of paid leave every year for community service work
• Free employee checking account and employee home loan discounts

*For eligible employees averaging 20 or more hours per week.

EO/AA Employer including Vets and Disabled.

Qualified applicants with arrest and conviction records will be considered in accordance with legal requirements.

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Job Description Summary:

Job Details:

PRIMARY FUNCTIONS:

Loan Review Process

• Responsible for assisting in the completion of loan reviews of the commercial lending, residential construction and/or commercial real estate lending units. This includes: assisting in the file review process, completing line sheets, identifying key credit risks in loans reviewed.
• Understand the Review Scope outlined in the Loan Review Plan, and participates in meetings with department personnel to review and discuss the Scope.
• Understands Bank's credit policies and procedures and has knowledge of current relevant regulatory guidance and industry best practices.
• Communicate key findings during the loan review process to the examiner(s).
• Assists tracking responses to Loan Review recommendations and reporting of outstanding issues to the Bank Loan and Board Credit Committees

Analyze Credit Risk

• Evaluates loans included in the sample to ensure they meet credit and underwriting standards.
• Confirms that loans are properly structured: appropriate covenants, adequate controls, loan terms and maturity, payment frequency, and policy exceptions.
• Evaluates borrowers to determine repayment capacity under contractual terms. This includes analyzing complex financial statements, property cash-flows, budgets and projections, and relevant market sales trends.
• Analyze relevant industry standards and borrower's performance relative to their peers, using tools such as the SBA statement studies comparisons. Performs as needed more in-depth industry assessments utilizing internal and external resources.
• Assess the accuracy and timeliness of risk ratings assigned by underwriters, lending officers, management and loan approvers. Includes identification of interrelated credit risk components (layered risk).
• Confirms the accuracy of accrual status and/or ASC 310-10-35 (formally FAS 114) analysis.

Evaluate Portfolio Oversight

• Review loan monitoring and covenant calculations to ensure portfolio loans are managed according the terms of the loan.
• Ensures loans are documented per the terms of approval and that documents are consistent with relevant laws and regulations.
• Evaluate collateral values, including borrowing base certificates, equipment, and real estate and leasehold improvements.
• Confirms adherence to appraisal review and environmental policies and regulations.
• Assists in the development of new/improved credit risk practices. Includes performing special research projects and presentation of findings.

QUALIFICATIONS:

• Bachelor's degree in business, finance or equivalent education and work experience.
• Minimum 5 years' experience in loan review, underwriting, commercial credit analysis or equivalent work.
• Credit underwriting or analysis experience in the following lending areas: C&I, investor real estate and residential construction lending principals and loan structures, demonstrated ability to analyze complex financial statements, property cash-flows, budgets and projections and relevant market trends to determine the borrower's financial condition and repayment capacity.
• Strong knowledge of commercial appraisal methodology. Ability to evaluate if collateral is properly analyzed including borrowing base certificates, equipment, real estate and/or leasehold improvements.
• Strong written and verbal communication skills
• Proficiency using MS office suite
• Self-starter with the demonstrated ability to work independently and maintain objectivity in assessments, accurate and dependable in completing responsibilities with strong attention to detail, good organizational skills and able to work within deadlines.
• Demonstrated high level of personal integrity, judgment, and ability to handle confidential information.

PREFERRED QUALIFICATIONS:

• Knowledge of current loan review processes, loan classifications, risk management techniques and regulatory guidance on lending preferred.

MENTAL AND PHYSICAL CONSIDERATIONS:

• Able to operate a Personal Computer and view information on a monitor.
• Must be able to sit for many hours each day.
• Must be able to communicate via telephone and possess dexterity to include filing documents, reaching and bending.
• May be required to stand for extended periods of time.
• Ability to lift or carry up to 10 pounds
• Ability to speak and understand English and express ideas and have difficult conversations in person and over the telephone
• 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.
• Willing and able to travel occasionally as needed.

WORK ENVIRONMENT:

• Normal business office environment.
• Ability to work in artificial light for extended periods of time.

This Position Description may not be limited to the Functions and Requirements as outlined, now or in the future. For example, changes in corporate needs, position demands, or individual performance may result in changes to the Functions or Requirements of this position.

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