Role Overview & Mandate
Executive Summary
1. Assist Team Leader/Loan Officers with commercial loan requests including interviewing borrowers to determine credit qualifications and...
Reviewed by Compensation & Visa Analysts •
Sources: USCIS E-Verify & Home Office CoS
1. Assist Team Leader/Loan Officers with commercial loan requests including interviewing borrowers to determine credit qualifications and borrowing needs; analyzing borrowers’ information/financial statements, collateral and tax returns to determine ability to pay; conducting forecast analysis, assist in preparing and underwriting credit approvals for review; providing support to calling officers or account representatives and coordinating activity in support of credit approval process.
2. Responsible for ordering loan documentation to evidence debt and to ensure perfection of the bank’s security interests in compliance with regulatory and legal requirements. Assist senior loan officers with review of loan documentation before loan document signing with clients.
3. Responsible for covenant testing for trade finance and asset based lending borrowers to ensure credit worthiness and compliance.
4. Responsible for site inspection (Site Inspection Report), review of Construction Progress Report and recommendation of hard/soft loan draws, transfer and change orders for construction and real estate loans.
5. Responsible for ordering documents with the credit department that relates to underwriting process: TRW, Appraisal reports, Environmental reports, OFAC, Preliminary reports, Title reports, Title Insurance, and Asset Review reports.
6. Responsible for monitoring and updating monthly and weekly portfolio reporting requirement reports, past due reports and weekly pipeline reports.
7. Assist clients with monthly borrowing base certificates, daily notice of borrowing preparations, and account openings.
8. Responsible for maintaining an existing loan portfolio, including annual reviews (DCR and Stress Test) and site inspections for commercial real estate loans.
9. Prepare credit memos, loan modification reports, and problem loan reports.
Job Type: Full-time
Pay: From $95,000.00 per year
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Health insurance
- Paid time off
- Vision insurance
Physical setting:
- Office
Schedule:
- Monday to Friday
Supplemental pay types:
- Bonus pay
COVID-19 considerations:
Facemask is highly recommended.
Education:
- Bachelor's (Preferred)
Experience:
- Underwriting: 2 years (Required)
Work Location: One location
