Senior Credit Analyst - Servicing Dept
Job DescriptionJob Title:
Senior Credit AnalystDepartment:
Loan Operations - Servicing FLSA Status:
ExemptReports to:
Credit Manager - Servicing Dept Classification:
Full TimeGENERAL PURPOSE OF JOBIndependently, the incumbent is responsible for performing a variety of analytical tasks to support the Company's SBA and USDA loan portfolio.
The incumbent is responsible for preparing annual loan reviews, loan modifications, financial statement spreads and preparing financing memoranda for new money to existing borrower relationships.
The incumbent is also responsible for supporting intensive servicing related to troubled or delinquent loans to include workout and liquidation strategy development, preparing the SBA or USDA guaranty purchase package, charge off package and related functions.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following.
Other duties may be assigned.
Liaison with bank contact to plan for and prepare Annual Loan Reviews and, as needed, Financing Memoranda for new loan requests with existing Borrower relationships.
Monitor delinquencies and assist with coordinating efforts to evaluate troubled Borrowers and obtain documentation required by SBA, USDA or Lender Policy.
Liaison with bank contact to document workout and liquidation plans and coordinate appropriate Lender and Agency approvals.
Assemble and submit Guaranty Purchase packages, Care and Preservation of Collateral packages, Offer In Compromise Packages, and Charge Off packages Review loan documentation requirements for consistency and accuracy and incorporate the ongoing loan conditions and identified exceptions or inaccuracies within a servicing administration software tickler program.
Track and monitor satisfactory and timely completion of programmed ticklers with detailed notes describing the status of pending items that have been requested but remain outstanding or past due.
Perform periodic monitoring of the Servicing email inbox to identify inbound requests and take appropriate action to deliver service.
Use Sharefile technology to file documents uploaded to and received in the Servicing Inbox.
Review received financial statements for quality and accuracy, and contact bank or borrower when loan documents or financial records are needed.
Capture information from Spread financial statements and tax returns and enter data into Cash Suite financial system.
Initiate tickler tasks and generate mail or email activities to resolve issue and provide service on existing loans.
When required for appropriate loan servicing, request evidence of insurance from agents and document in the financial system.
Perform research and analysis to verify real estate taxes are paid current and no other liens are active.
Periodically perform electronic data cleanup for all assigned loan folders.
Prepare and document memos to file and 327 Loan Modifications.
Conduct loan portfolio reviews for compliance and accuracy as assigned.
ADDITIONAL POSITION REQUIREMENTS Make appropriate adjustments in Cash Suite financial system to increase efficiency.
Add new or revise existing tickler options in Cash Suite financial system.
Carries out duties in compliance with all federal and state regulations and guidelines.
Complies with all company and site policies and procedures.
Remains current in profession and industry trends.
Makes a positive contribution as demonstrated by:
making suggestions for improvement learning new skills, procedures and processes.
Is available for other duties as required.
Is available for overtime as needed.
Is required to travel to execute duties of this role.
SUPERVISORY RESPONSIBILITIESNoneQUALIFICATIONS EDUCATION and/or EXPERIENCEBachelor's Degree in Accounting, Finance or other business-related concentration.
Five (5) years of credit underwriting, portfolio management, or special assets management experience in commercial finance.
LANGUAGE SKILLS Read and interpret documents such as financial spreads, loan underwriting documents, financial records, credit reports, tax statements, and standard operating procedures.
Write routine business correspondence.
MATHEMATICAL SKILLSWork with mathematical basic and advanced concepts such as additional, subtraction, division, multiplication, ratios, and percentages.
REASONING ABILITY Define problems, collect data, establish facts and draw valid conclusions.
OTHER SKILLS, ABILITIES OR QUALIFICATIONS Fundamental understanding of SBA program requirements.
Familiar with the commercial loan approval process.
Demonstrate integrity and attention to detail in executing the duties of the role.
Demonstrated experience using the MS Office Suite and Adobe Acrobat.
Successfully completes regulatory and job training requirements.
Computer skills:
Enter data into computer using software applications for data entry and word processing.
Work and be proficient with e-mail systems Ability to perform repetitive tasks while maintaining speed of work and attention to detail without loss to production.
Ability to work with others in a team environment.
PHYSICAL DEMANDS While performing the duties of this job, the employee is frequently required to stand, walk, use hands to touch, handle or feel, and talk or hear.
The employee is occasionally required to sit, reach with hands and arms, climb or balance, stoop, kneel, crouch or crawl.
The employee must occasionally lift and/or move up to 10 pounds.
Specific vision abilities required by this job include close vision and ability to adjust focus.
TRAVEL REQUIREMENTSNoneThe job demands described here are representative of those that must be met by an employee to successfully perform the functions of this job.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
This job description is not intended and should not be construed to be an exhaustive list of all responsibilities, skills, efforts, or working conditions associated with the job.
It is intended to be a reflection of those principal job elements essential for recruitment and selection, for making fair job evaluations and for establishing performance standards.
The percentage of time spent performing the various job duties is not absolute.
The incumbent shall perform all other functions and/or be cross trained as shall be determined by the sole discretion of management, who has the right to amend, modify, or terminate this job in part or in whole.
This document is not a contract for employment.
Recommended Skills Administration Adobe Acrobat Assembly And Installation Attention To Detail Business Correspondence Commercial Finance Estimated Salary: $20 to $28 per hour based on qualifications.
Senior Credit AnalystDepartment:
Loan Operations - Servicing FLSA Status:
ExemptReports to:
Credit Manager - Servicing Dept Classification:
Full TimeGENERAL PURPOSE OF JOBIndependently, the incumbent is responsible for performing a variety of analytical tasks to support the Company's SBA and USDA loan portfolio.
The incumbent is responsible for preparing annual loan reviews, loan modifications, financial statement spreads and preparing financing memoranda for new money to existing borrower relationships.
The incumbent is also responsible for supporting intensive servicing related to troubled or delinquent loans to include workout and liquidation strategy development, preparing the SBA or USDA guaranty purchase package, charge off package and related functions.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following.
Other duties may be assigned.
Liaison with bank contact to plan for and prepare Annual Loan Reviews and, as needed, Financing Memoranda for new loan requests with existing Borrower relationships.
Monitor delinquencies and assist with coordinating efforts to evaluate troubled Borrowers and obtain documentation required by SBA, USDA or Lender Policy.
Liaison with bank contact to document workout and liquidation plans and coordinate appropriate Lender and Agency approvals.
Assemble and submit Guaranty Purchase packages, Care and Preservation of Collateral packages, Offer In Compromise Packages, and Charge Off packages Review loan documentation requirements for consistency and accuracy and incorporate the ongoing loan conditions and identified exceptions or inaccuracies within a servicing administration software tickler program.
Track and monitor satisfactory and timely completion of programmed ticklers with detailed notes describing the status of pending items that have been requested but remain outstanding or past due.
Perform periodic monitoring of the Servicing email inbox to identify inbound requests and take appropriate action to deliver service.
Use Sharefile technology to file documents uploaded to and received in the Servicing Inbox.
Review received financial statements for quality and accuracy, and contact bank or borrower when loan documents or financial records are needed.
Capture information from Spread financial statements and tax returns and enter data into Cash Suite financial system.
Initiate tickler tasks and generate mail or email activities to resolve issue and provide service on existing loans.
When required for appropriate loan servicing, request evidence of insurance from agents and document in the financial system.
Perform research and analysis to verify real estate taxes are paid current and no other liens are active.
Periodically perform electronic data cleanup for all assigned loan folders.
Prepare and document memos to file and 327 Loan Modifications.
Conduct loan portfolio reviews for compliance and accuracy as assigned.
ADDITIONAL POSITION REQUIREMENTS Make appropriate adjustments in Cash Suite financial system to increase efficiency.
Add new or revise existing tickler options in Cash Suite financial system.
Carries out duties in compliance with all federal and state regulations and guidelines.
Complies with all company and site policies and procedures.
Remains current in profession and industry trends.
Makes a positive contribution as demonstrated by:
making suggestions for improvement learning new skills, procedures and processes.
Is available for other duties as required.
Is available for overtime as needed.
Is required to travel to execute duties of this role.
SUPERVISORY RESPONSIBILITIESNoneQUALIFICATIONS EDUCATION and/or EXPERIENCEBachelor's Degree in Accounting, Finance or other business-related concentration.
Five (5) years of credit underwriting, portfolio management, or special assets management experience in commercial finance.
LANGUAGE SKILLS Read and interpret documents such as financial spreads, loan underwriting documents, financial records, credit reports, tax statements, and standard operating procedures.
Write routine business correspondence.
MATHEMATICAL SKILLSWork with mathematical basic and advanced concepts such as additional, subtraction, division, multiplication, ratios, and percentages.
REASONING ABILITY Define problems, collect data, establish facts and draw valid conclusions.
OTHER SKILLS, ABILITIES OR QUALIFICATIONS Fundamental understanding of SBA program requirements.
Familiar with the commercial loan approval process.
Demonstrate integrity and attention to detail in executing the duties of the role.
Demonstrated experience using the MS Office Suite and Adobe Acrobat.
Successfully completes regulatory and job training requirements.
Computer skills:
Enter data into computer using software applications for data entry and word processing.
Work and be proficient with e-mail systems Ability to perform repetitive tasks while maintaining speed of work and attention to detail without loss to production.
Ability to work with others in a team environment.
PHYSICAL DEMANDS While performing the duties of this job, the employee is frequently required to stand, walk, use hands to touch, handle or feel, and talk or hear.
The employee is occasionally required to sit, reach with hands and arms, climb or balance, stoop, kneel, crouch or crawl.
The employee must occasionally lift and/or move up to 10 pounds.
Specific vision abilities required by this job include close vision and ability to adjust focus.
TRAVEL REQUIREMENTSNoneThe job demands described here are representative of those that must be met by an employee to successfully perform the functions of this job.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
This job description is not intended and should not be construed to be an exhaustive list of all responsibilities, skills, efforts, or working conditions associated with the job.
It is intended to be a reflection of those principal job elements essential for recruitment and selection, for making fair job evaluations and for establishing performance standards.
The percentage of time spent performing the various job duties is not absolute.
The incumbent shall perform all other functions and/or be cross trained as shall be determined by the sole discretion of management, who has the right to amend, modify, or terminate this job in part or in whole.
This document is not a contract for employment.
Recommended Skills Administration Adobe Acrobat Assembly And Installation Attention To Detail Business Correspondence Commercial Finance Estimated Salary: $20 to $28 per hour based on qualifications.
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