Loan & Appraisal Review Officer

Objectives of this Role

The Loan Review Manager is responsible for conducting an independent review and risk assessment of the Bank’s loan portfolio, ensuring adherence to Bank credit policies, procedures, and processes, underwriting guidelines, and applicable laws, rules, regulations, in addition to determining that risk is accurately identified via the Bank’s internal loan risk rating system to ensure the Bank maintains sound credit quality.The Loan Review Manager is also responsible for the management of the Appraisal Process, including the ordering and review of appraisals and preparation of internal real estate evaluations, and supervision of staff performing this function.
 

Essential Functions

Loan Review

• Establish the annual loan review plan and scope and provides monthly reports to the Board Loan Committee
• Conducts reviews of borrower loan files, including loan documentation, credit histories, personal and/or business statements, and other financial information including collateral valuations.
• Evaluates the quality of loans and assigned risk ratings indicating borrower's financial strength and probability of loan repayment.
• Maintains strong working knowledge of the bank's lending policies and procedures and identifies deviations from the policy.
• Assist with post-origination classification of loan assets for accounting and regulatory reporting requirements.
• Identifies problem loans and describes deficiencies.
• Writes summary of analysis and reasons for assigning adverse risk rating.
• Provides assistance and consultation to loan officers, other lending personnel (loan administration, lending assistants, etc.), auditors and regulatory examiners.
• Participates in special lending-related projects as directed.
• Engage and manage third-party loan review service providers, if and as needed
• Performs additional job-related duties as assigned or required.

Appraisal/Evaluation

• Manage the daily operations and functions of the appraisal and evaluation functions.
• Assist in implementing an automated appraisal management platform
• Review appraisal and evaluation reports to ensure they are adequately supported and in compliance with laws and regulations

Other Duties

Interacts with lending-related personnel throughout the bank. Communicates and coordinates with external contacts (government agencies/regulatory officials, outside vendors, etc.)
 

Competencies

• Thorough knowledge of lending laws and regulations
• Strong analytical, technical and statistical skills
• Sound working knowledge of accounting principles and financial statements
• Ability to create reports of review findings
• Capability to effectively present information and respond to questions from groups of lenders, managers, directors and/or regulatory officials
• Strong integrity in all areas, adhering to policies, regulations and utmost ethical and legal standards
• Uphold confidentiality and privacy of findings in all situations
• Demonstrate ability to prioritize and handle multiple projects
• Remain flexible to withstand unpredictable changes to schedules and deadlines
• Interact and communicate effectively with personnel at all levels of the organization

Skills and Qualifications

• Achievement of a bachelor’s degree in business related field with an emphasis in finance or accounting; or equivalent combination of education and experience required.
• A minimum of three years’ experience in a regulatory examiner or five-year equivalent loan review or credit analysis capacity is required.
• Strong leadership skills with proven results in defining and achieving key initiatives and leading teams
• Must be highly organized and able to simultaneously maintain and manage multiple time-sensitive reports and projects
• Strong problem-solving and critical thinking skills
• Effective written and verbal communication skills
• Proficient in Word and Excel computer programs.

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. While performing the duties of this job, the employee is regularly required to talk or hear. This is largely a sedentary role; however, some filing is required. This would require the ability to lift files, open filing cabinets and bend or stand on a stool as necessary.