Job Title: Bank Loan Review Officer
FLSA Status: Non-Exempt
Location: Alexandria
Summary: Oversees adherence of establishment’s policies and procedures to federal and state laws and regulations by performing the following duties.
Essential Duties and Responsibilities include the following, other duties may be assigned. Assists as directed in completion of Loan Reviews as appropriate, including the following:
- Reviews and understands the Review Scope for Reviews outlined in the Loan Review Plan and participates in meetings with key personnel in departments to review and discuss the Scope.
- Evaluates individual loans included in the sample to ensure that acceptable credit standards are maintained that the loans conform to established relevant policies, and that approved underwriting standards are met.
- Understands Bank’s credit policies and procedures and has understands current relevant regulatory guidance and industry best practices.
- Confirms that loans are properly structured and accurately risk graded by the lending officers.
- Evaluates the financial position of bank borrowers to analyze repayment capacity of loan customers. This includes analyzing complex financial statements, property cash-flows, or relevant market sales trends to determine borrower’s financial condition and ability to repay the debt under contractual terms.
- Reviews loan monitoring and covenant calculation to ensure that portfolio loans are managed according to the terms of the loan.
- Reviews documentation to determine that loans are documented per the terms of approval and that documents are consistent with relevant laws and regulations.
- Confirms the accuracy of accrual status and, if impaired, the ASC 310-10-35 (formally FAS 114) analysis.
- Determines that collateral values are current, properly analyzed and sufficiently support the loan.
- Confirms adherence to Appraisal, Appraisal Review and Environmental policies, policies and regulations.
- Reviews any credit risk issues identified in external exams to ensure subsequent adherence.
- Communicates key findings during the loan review process during the exam to senior management prior to the issuance of final findings.
- Assists in completion of the Loan Review Report as directed.
- Participates as needed in the quarterly Problem Loan Review process.
- Performs systematic reviews of the Bank’s loan portfolio to assess the accuracy and effectiveness of management’s credit risk monitoring mechanisms.
- Interacts with external auditors and regulatory agencies as necessary.
Supervisory Responsibilities
This job has no supervisory responsibilities.