Senior Loan Review Officer, Credit Administration (Remote, HI)

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:

• Contributes as needed to the annual review of Loan Review Policy and Procedures including updates that reflect changes in regulatory guidance and current industry best practices.
• Assists as needed in the annual assessment of credit risk within the Bank as part of the formulation of the Loan Review Plan for the coming year.
• Maintains understanding of Bank's credit policies and procedures and is knowledgeable of current relevant regulatory guidance and industry best practices.
• Responsible for managing the completion of loan reviews of the Commercial Lending, Residential Construction and/or Commercial Real Estate lending units. This includes, in whole or in part, determining review scope, drawing a risk based sample, and managing the work flow process for completion of the review within the timeframe outlined in the Loan Review Plan. Depending on the size and scope of the review, responsibilities may include assisting in the file review process, completing line sheets, identifying key credit risks or material weaknesses in loans reviewed and contributing to the final Loan Review Report as appropriate.
• Reviews and quantifies the information and conclusions in the line sheets, coaching the review officers on timely and appropriate completion issues as they arise, determines whether the objectives of the Scope have been achieved, and directs meetings with Management and key department personnel to communicate and discuss the review findings.
• Tracks the review results efficiently by borrower and by issue and organizes the presentation of key findings to Business Unit personnel in interim review meetings as well as the Pre-Exit meeting.
• Prepares and presents Loan Review Reports to Management and the Board of Directors Manages the tracking of Open Issues remediation to Loan Review recommendations and reporting monthly to the Loan Review Manager.
• Attends Bank Loan Committee and Board Credit Committee meetings

Analyze Credit Risk

• Evaluates loans in the sample to ensure they meet credit and underwriting standards.
• Confirms that loans are properly structured including appropriate covenants, adequate controls, loan terms and maturity, payment frequency, and policy exceptions identified.
• Evaluates borrowers to determine repayment capacity under contractual terms. This includes analyzing 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. This includes identification of interrelated credit risk components (risk layering).
• Confirms the accuracy of accrual status and and/or the ASC 310-10-35 analysis (formally FAS 114).

Evaluate Portfolio Oversight

• Reviews loan monitoring and covenant calculation to ensure that portfolio loans are managed according the terms.
• Maintains a detailed knowledge of documentation and lien perfection including UCC law and real estate documentation Reviews documentation to determine that loans are documented per the terms of approval and that documents are consistent with relevant laws and regulations.
• Evaluates whether collateral values are current, properly analyzed and sufficiently support the loan including borrowing base certificates, equipment, real estate and leasehold improvements.
• Demonstrates a thorough knowledge of Appraisal, Appraisal Review and Environmental policies and regulations and evaluates lending unit's to them.
• Assists in the development of new/improved credit risk practices. This includes performing special research projects and presentation of findings.

QUALIFICATIONS:

• Bachelor's Degree in business, finance or equivalent education and work experience.
• Minimum 7 years' experience in loan review, underwriting or commercial credit analysis.
• A strong working knowledge of current loan review processes, loan classifications, risk management techniques and regulatory guidance on lending required. Must have a general knowledge of federal and state laws and regulations governing credit administration functions and experience in developing credit policies and procedures.
• Credit underwriting or analysis experience in the following lending areas: C & I, investor real estate and/or residential construction lending principals and loan structures, with demonstrated abilities in analyzing 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 with the ability to evaluate whether collateral is properly analyzed including borrowing base certificates, equipment, real estate and/or leasehold improvements.
• Strong written and verbal communication skills.
• 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.
• Proficiency using MS office suite with particular expertise using Excel for data analysis.

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 document, 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 conversation 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.

Area: