What are the responsibilities and job description for the Loan Review Analyst position at Business Alliance Financial Services LLC?
About the Role:
The Loan Review Analyst plays a critical role in ensuring the integrity and quality of loan portfolios within the securities and financial investments sector. This position involves conducting comprehensive reviews and assessments of loan documentation, creditworthiness, and compliance with regulatory standards to mitigate risk and support sound lending decisions. The analyst will collaborate closely with underwriting, risk management, and compliance teams to identify potential issues and recommend corrective actions. By providing detailed analysis and reporting, the Loan Review Analyst helps maintain the financial institution’s adherence to internal policies and external regulations. Ultimately, this role contributes to the overall financial health and risk management strategy of the organization by ensuring loans meet established quality and performance criteria.
Minimum Qualifications:
- Bachelor’s degree in Finance, Accounting, Business Administration, or a related field.
- At least 2 years of experience in loan review, credit analysis, or a related financial services role.
- Strong understanding of loan documentation, credit risk assessment, and regulatory compliance requirements.
- Proficiency in financial analysis and familiarity with loan portfolio management systems.
- Excellent written and verbal communication skills for preparing reports and collaborating with cross-functional teams.
Preferred Qualifications:
- Professional certifications such as Certified Credit Analyst (CCA), Chartered Financial Analyst (CFA), or similar credentials.
- Experience working within the securities, commodity contracts, or financial investments industry.
- Advanced knowledge of regulatory frameworks such as Dodd-Frank, Basel III, or other relevant lending regulations.
- Familiarity with data analytics tools and software to enhance loan review processes.
- Demonstrated ability to manage multiple projects and deadlines in a fast-paced environment.
Responsibilities:
- Perform detailed reviews of loan files to assess credit quality, documentation accuracy, and compliance with regulatory and internal policies.
- Analyze borrower financial statements, credit reports, and collateral documentation to evaluate risk and loan performance.
- Prepare comprehensive reports summarizing findings, highlighting potential risks, and recommending corrective actions or improvements.
- Collaborate with loan officers, underwriters, and risk management teams to address identified issues and support loan portfolio quality.
- Stay current with industry regulations, lending standards, and best practices to ensure ongoing compliance and risk mitigation.
Skills:
The Loan Review Analyst utilizes analytical skills daily to scrutinize loan files and financial documents, ensuring accuracy and compliance. Strong attention to detail is essential for identifying discrepancies and potential risks within loan portfolios. Communication skills are critical for effectively reporting findings and collaborating with various departments to implement solutions. Proficiency with financial software and data analysis tools enables the analyst to efficiently process large volumes of information and generate actionable insights. Additionally, staying informed about regulatory changes and industry best practices allows the analyst to adapt processes and maintain compliance in a dynamic financial environment.
Salary : $39,800 - $59,000