Monitor new and existing credit facilities on a regular basis; promptly identify loans that have potential weaknesses and exposure to risk of loss; project relevant trends that affect the risk profile of the portfolio and provide essential information to determine the adequacy of the Loan Loss Reserve. Ensure that credit facilities adhere to existing policy guidelines, that documentation is adequate to ensure security of collateral and that lending personnel provide an appropriate level of portfolio management to ensure that credit risk is acceptable and profitable. Review appraisals for commercial loans to ensure regulatory compliance and overall appropriateness including concluded value.
Firstrust Bank is an Affirmative Action Contractor and is an Equal Opportunity Employer.
Perform new and existing loan reviews and comment on responses.
Perform lender or unit portfolio reviews as directed by the Chief Credit Officer and comment on the responses.
Monitor loan ratings; recommend upgrades or downgrades.
Identify potential problem credits. Report to the Chief Credit Officer any findings, which may have an adverse effect on loan collateral or a borrower’s ability to repay the loan.
Assist Chief Credit Officer in advising credit and loan personnel on the company’s overall lending policy, noting significant trends and recommend policy changes as necessary
Work with other groups to ensure that administrative and review systems and procedures are adequate to protect the quality and profitability of the loan portfolio.
Coordinate efforts for the training and development of lending personnel and credit support functions.
Review data integrity of the risk ratings, risk dates, property types and NAICS codes to ensure management reporting is accurate.
Maintain a good working knowledge of the Bank’s lending policies and procedures.
Perform other duties as assigned by the Chief Credit Officer.
Perform reviews of commercial and residential appraisals.
Ensure appraisals adhere to USPAP and any other regulatory requirements
Verify the technical attributes of appraisals for accuracy and reasonableness.
Examine assumptions of appraiser and note any extraordinary assumptions made.
Examine suitability of comparable properties, rents, etc. for type of property and location.
Opine on the quality of the overall quality of the appraisal.
State agreement with value or any disagreement of value with supporting evidence or commentary.
Verify any revisions made prior to finalizing the review.
Maintain database of approved appraisers, environmental firms and inspectors.
Assist in administering the appraisal management system.
While performing the essential functions of this position, the incumbent is subject to sedentary work for extended periods of time. Some mobility in order to access files and attend meetings is necessary. The incumbent must be able to operate a computer terminal and office equipment and communicate and exchange information to internal and external customers.
This position functions independently and is responsible for reporting Loan Review findings to the Chief Credit Officer. This position is responsible for recommending changes in risk ratings and charge offs to the Chief Credit Officer for deteriorating credits. This position is responsible for recommending changes to commercial loan related appraisals.
This position is responsible for exercising high levels of judgment and discretion in the performance of all duties. The individual is responsible for ensuring loans are in compliance with credit policy and are properly documented. This individual is responsible for ensuring all loans are properly risk reviewed annually, the allowance for loan loss is properly stated and sufficient and that management reporting regarding the loan portfolio is accurate and complete. The individual is responsible for the quality and efficiency of appraisal reviews
Bachelor’s Degree in Accounting, Financial Management or Business Administration.
5+ years of Relationship Management or Credit experience and/or 10+ years of banking/audit/appraisal experience.
Appropriate appraisal experience or other educational equivalent.
Good credit analysis background.
Strong writing and interpersonal skills.
Strong knowledge and understanding and application of computing functions and capabilities. Intermediate skills with Microsoft Office (Word, Excel and Outlook).
Excellent analytical skills.
Well rounded supervisory banking experience and background.