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Loan Review Officer

Cedar Rapids, IA

Job Information:

Position SummaryResponsible for various loan review and analysis activities independent of the lending function.
 
Primary Accountabilities and Responsibilities:
 
Accountability 1: 60% Weighting. Business Loan Review - Review and analyze commercial and agriculture business loans to assess credit quality, adherence to bank policy, underwriting guidelines, documentation requirements, and regulation compliance. Provide an assessment of loans reviewed.
  • Develop annual loan review plan to cover 25 – 30% of business banking loan portfolio and gain approval of the Director’s Risk Committee.
  • Apply sampling methodology to portfolio to identify loans for review.
  • Coordinate with Chief Credit Officer/Senior Ag Banking Officer/ Senior Business Banking Officer to schedule loan file reviews. Perform loan reviews assessing the following areas. 
    • Asset Quality - evaluate if acceptable credit standards are maintained; confirm lien perfection, repayment capacity, sufficiency of collateral
    • Documentation – Ensure that loans conform to bank policy and underwriting guidelines and that there is documented support for credit decisions and loan structure.
    • Compliance – evaluate loans for conformance to relevant state and federal laws and regulations including Fair Lending. Notify the bank’s BSA Officer of any customers exhibiting unusual patterns of activity or loan fraud identified through customer profiles, Non Bank Financial Institution (NBFI) forms and risk ratings.
    • Evaluate loan portfolios for deviations from loan policy and underwriting guidelines and overall loan portfolio management.
    • Recommend credit risk rating grades and conform to governance as outlined in policy.
    • Identify problem loans and document deficiencies clearly and concisely.
    • Identify tracking exceptions and waivers and determine if proper approval procedures are adhered to. Report trends and make recommendations to mitigate risk.
    • Report results to the Board of Directors, Directors Loan and Risk Committees.
    • Provide assistance and consultation to loan officers, lending personnel, credit administration, auditors and examiners.
  • Create loan review write-ups for presentation to lending relationship managers, management and the board of directors. Prepare other reports as directed by the Chief Lending/Credit and Chief Risk Officers for committees and board.

Accountability 2: 15% Weighting. Consumer Loan Review – Review Retail consumer loans to assess adherence to bank policy, underwriting guidelines, documentation requirements, and regulatory compliance.
  • Compliance – evaluate loans for conformance to relevant state and federal laws and regulations.
  • Identify any non-preapproved exceptions to the retail underwriting guidelines.
  • Assist with periodic HMDA report loan quality review.

Accountability 3: 10% Weighting. Loan Portfolio Monitoring – Periodically, evaluate the loan portfolio(s).
  • Identify changes that prompt deeper review of lending practices.
  • Monitor portfolio diversification in accordance with policy and strategy. Determine if any lending limits are out of policy and evaluate and document the reason, and what management is doing to address.
  • Identify portfolio trends with respect to delinquency, bankruptcy, demographic and other factors.
  • Stress test individual loans and the loan portfolio(s) periodically.
  • Evaluate effectiveness of problem loan identification and work out plans.

Accountability 4: 5% Weighting. Loan Policy – Review loan policy annually prior to Board approval. Validate that applicable laws and regulations are addressed by policy. Verify that the lending and underwriting departments have procedures and processes in place that uphold the policy. Make suggestions for revisions to policy content accordingly.

Accountability 5: 5% Weighting. Appraisals/Evaluations back-up  Be trained and act as back-up for ordering business real estate and equipment appraisals and evaluations for all business loans according to the bank’s lending and appraisal policies. Review business appraisals and evaluations for quality and accuracy and complete appraisal review worksheets. As requested, assist with managing the Approved Appraiser list to ensure that there are sufficient options with coverage of all of the bank’s market area. Review a sampling of appraisal work of those appraisers who desire to be placed on BankIowa’s Approved Appraiser list and make recommendations to Chief Credit Officer to accept or deny.

Accountability 6: 5% Weighting. Analysis for Allowance for Loan and Lease Loss Reserve- perform various activities as assigned. 

Secondary Duties and Responsibilities:
  • Other tasks and activities as assigned.
  • Comprehend and comply with all pertinent Bank Secrecy Act/OFAC/CIP policies and procedures. Complete this and other compliance annual training as required by laws, regulations and bank policy.
  • Assist in coordinating Watch List meetings and reporting findings to the Board.
  • Stay abreast of regulations and legislations, as well as other political and policy-making events that directly affect the financial institution.
  • Promote favorable image of BankIowa in all business activities within the community and represent BankIowa in various civic and community functions to enhance its image. Support bank-wide business development activities.

Education, Experience, and Other Requirements:
  • Bachelor’s degree in accounting, finance or a business related field or equivalent career experience.
  • Extensive knowledge of C&I, CRE, Agriculture business lending and consumer lending.
  • Loan review, collections, workouts experience a plus.
  • In-depth regulatory and compliance knowledge.
  • Minimum of five years previous business/ banking/financial analysis experience.
  • Excellent analytical skills. Ability to define problems, collect data, establish facts and draw valid conclusions.
  • Working ability with all MS Office products and high level of proficiency with Excel and Word.
 
Performance Measures:
  • Successful completion of responsibilities on time.
  • Attends Loan Committee Meetings as a non-voting member.
  • Completes required annual training.

Physical Demands:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to talk or hear. The employee frequently is required to sit. The employee is occasionally required to stand; walk; use hands to handle or feel objects, tools, or controls; and reach with hands and arms. The employee must occasionally lift and/or move up to 10 pounds.

We are an Equal Opportunity, Affirmative Action employer. Minorities, women, veterans, and individuals with disabilities are encouraged to apply. EOE

Member FDIC

EEOC

Posted 01/12/18

Job ID: 33969596