JOB SUMMARY
Monitor portfolio. Oversee Loan Portfolio documentation. Handle special assets. Draft procedures.
Accountable for adhering to the Bank's BSA, AML, and Office of Foreign Asset Control (OFAC) applicable policies. Employee must follow specific unit procedures developed in compliance with the policies. employee is also responsible for the reporting any suspicious activity and / or transactions i accordance with the Bank's processes and comply with any mandatory BSA, AML, and OFAC training assigned.
ESSENTIAL FUNCTIONS
Facilitates the preparation of credit underwriting and analysis of existing loans in connection with renewals and modifications.
Assist in facilitating closing of transactions.
Assist in managing past due and maturing loans.
Recommend and models appropriate loan structure for new and existing loan relationships
Prepares periodic reviews of existing loans to assess credit quality and covenant compliance
Collect, receive and review financial reports to monitor loan compliance and performance.
Assists in preparing files for annual review and complete review on a timely basis.
Responsible for annual portfolio inspections
Timely response to open exception reports, loan review audits and support internal and external audits.
Review weekly reports and tickler file for assigned Portfolio.
Assists in the preparation of Waivers and Amendments.
Prepares Commercial portfolio and other miscellaneous reports as needed.
Requests and follows-up on pending and missing legal and other documentation supporting credit assets.
Prepare visitation reports summarizing visits to properties and/or with clients.
Providing loan document information as required which includes secondary market and NLP portfolios.
Create and send default letters as required.
Other ad-hoc duties as necessary in order to familiarize them with all department areas.
SAG
Manage and serve as a primary point of contact for a portfolio of credit facilities, secured by distressed commercial real estate assets.
Developed and implemented credit strategies to maximize improvement in credit risk and loan recovery, while observing bank policy and minimizing collection costs.
Employes a wide range of collection strategies including loan restructurings, cash pay downs, and the pursuit of collateral.
Completes detailed quarterly "Criticize Asset Reports" for each facility. Reports included a summary of the past quarter's
developments and operating results, as well as an updated risk profile and exit strategy for each account.
Obtain approval for risk appropriate loan modifications and credit facility restructurings
Manage and work with attorneys regularly to come to a suitable solution on distress assets.
Reviews and underwrite loan files for risk grading and workout identification
Assist existing borrowers in identifying replacement lenders, managing collections, negotiating workout terms and early extinguishing certain loans at a discount and coordinating legal efforts.
Interact with investors, brokers, loan officers, and attorneys with the sale of distressed Assets and portfolio.
Monitoring sales and the closings of distress assets.
Keep track of deficiency judgments and assist in the collection process.
Attend mediations and/or depositions.
Coordinate with FirstBank Florida attorney in negotiating, preparing, and reviewing stipulation/ Forbearance Agreements.
CREDIT ADMINISTRATION
Loan monitoring including all internal and external reporting requirements, company/borrower information and all relevant events; supporting responses/ resolutions for internal and external customers and aiding the overall departmental workflow; responsible for the maintenance of the Loan Portfolio documentation and for providing support to the SAG/ Credit departments as detailed below.
Responsible for SAG/REO monitoring and handling.
Create and follow up of various reports
Perform/ Assist with Check requests, payments of invoices and GL reconciliations
Process deficiency payments
Prepare Datamart validation and certification as well as TDR reporting.
Complete CRA submission, appraisal ordering and all logs of credit department
Supervise credit administration officer/ specialists
Review of the monthly tickler report for accuracy, changes and updates.
Review Ncino system file upload accuracy. Position is responsible for reviewing and approving the placeholders below.
Relationship DocMan
Financial Statement - Business/Company Prepared - Interim
Main Street Lending Quarterly Certification
Tax Returns - Business
Financial Statement - Personal
Tax Returns - Personal
W-2
10Q & 10K Filings
Accounts Payables Aging Report
Accounts Receivables Aging Report
Accounts Receivables Availability Report
Annual Company's Budget
Asset Based Audit Report
Borrowing Base Certificate
Capital Budget
Certificate of Compliance with Financial Covenants
Certificate of No Default with Loan Agreement's Covenants
Call Reports (Call Code Report)
Debt Schedule
Financial Statement - Business/Company Prepared
Financial Statement - Business/Compiled
Financial Statement - Business/Compiled - Interim
Financial Statement - Business/CPA Audited
Financial Statement - Business/Reviewed
Financial Statement - Business/Reviewed - Interim
Financial Statements - Proforma
Financial Statements - Projected
Financial Statements Disclosure
Inventory Availability Report
Inventory Reports
Projection Report
Rent Rolls
SBA 413: Personal Financial Statement
SBA form 2202 Schedule of Liabilities
STAR Report
Tax Return Extension - Business
Tax Return Extension - Personal
Tax Returns Debt Certification
Transcripts of Corporate Tax Return
Transcripts of Personal Tax Return
Work on Hand
Financial Statements
360 Criticized Report
Loan DocMan
Call Code Form
Tickler Checklist
Commercial Loan Disclosures
Loan to One Borrower (TOO) Disclosure
Other Documents
Forbearance Agreement
Administrative Extension Letter
Profitability Model
360 High Priority Report
CAM Amendment TDR Report
Commercial Loan Application
Collateral DocMan
Equipment Appraisal
Lease Agreement
Modification to Mortgage Note
Payment Plan/Forbearance Agreement
Site Visit
Rent Rolls
Appraisal Engagement Letter
Appraisal Report
Appraisal Report-Invoice
Internal Appraisal Review (market value over $250K)
Business Valuation
Modification of Mortgage/Deed of Trust
Property Inspection Report
