What are the responsibilities and job description for the Special Assets Analyst position at First Foundation Inc.?
Summary: This position supports the Bank’s Asset Quality Review and Special Assets Departments with credit review, analytics, documentation, and loan monitoring responsibilities.
Salary Range: The salary range budgeted for this position is $52,700/yr to $72,800/yr and represents the Company's good faith minimum and maximum range for this role at the time of posting. The compensation offered to a candidate may vary depending on several factors, including a candidate's qualifications, skills, competencies, experience, and location.
The Company also offers various benefits, including medical, dental, vision, and a 401(K) match. Other rewards may include annual performance-based bonuses and wellness days.
Applicants must have current work authorization when accepting a First Foundation Inc. position. Currently, we cannot sponsor or take over the sponsorship of an Employment Visa.
Duties And Responsibilities
Education And/or Experience
While performing the duties of this job, the employee is regularly required to sit; use hands and fingers, handle, or feel; and talk or hear. The employee frequently is required to stand, walk, and reach with hands and arms. The employee is occasionally required to stoop or kneel. The employee must occasionally lift and/or move up to 10 pounds (loan files). Specific vision abilities required by this job include close vision, distance vision, peripheral vision, and the ability to adjust focus (heavy use of a computer terminal).
First Foundation is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with a disability, sexual orientation, gender identity, or any other characteristic protected by law.
Salary Range: The salary range budgeted for this position is $52,700/yr to $72,800/yr and represents the Company's good faith minimum and maximum range for this role at the time of posting. The compensation offered to a candidate may vary depending on several factors, including a candidate's qualifications, skills, competencies, experience, and location.
The Company also offers various benefits, including medical, dental, vision, and a 401(K) match. Other rewards may include annual performance-based bonuses and wellness days.
Applicants must have current work authorization when accepting a First Foundation Inc. position. Currently, we cannot sponsor or take over the sponsorship of an Employment Visa.
Duties And Responsibilities
- Understands and complies with the requirements of all laws and regulations applicable to the position.
- Understands and complies with the requirements of the Bank’s Credit Policy.
- Assist in the periodic collection and filing of operating statements, and lease summaries, and sponsor financial information of the existing Commercial Real Estate Portfolio and Special Assets loans.
- Analyze financial information (e.g., financial statements, tax returns, etc.) provided by borrowers and use this information to complete AQR loan reviews and Problem Loan Reports (PLRs) as needed.
- Recommend appropriate risk-rating grades of credits within the Bank’s Credit Policy
- Perform and document property inspections on real property held as collateral on seasoned loans within the Commercial Real Estate portfolio or secure business loans in the Special Assets portfolio.
- Assist in preparing asset quality review reports to management, the Board of Directors, and/or regulatory agencies.
- Assist Special Assets Officers in the daily management of assigned account relationships to ensure loans are appropriately graded and treated in a manner consistent with the Bank’s Credit Policy, guidelines, and accounting and regulatory requirements
- Assist Special Assets Officers in the timely procurement, review, and analysis of financials, appraisals/valuations, and site/business inspections, and the timely and accurate completion of PLRs and impairment analyses
- Perform other duties as assigned
Education And/or Experience
- High School diploma or equivalent required; higher degree preferred or compensating level of work experience
- Minimum of 3-5 years previous experience as a bank credit analyst or related bank credit experience preferred.
- Business and real estate lending analyses experience preferred.
- Solid knowledge and understanding of business financials and credit documentation.
- PC proficiency in Microsoft Word and Excel
- Highly organized and flexible
- Excellent verbal/written communication skills with the ability to effectively communicate with all levels of personnel. Self-motivated, detail-oriented team player
- Ability to work under pressure and within prescribed deadlines
- Strong knowledge of business English, spelling, and punctuation
- Organized, independent, and self-motivated with a team player attitude.
- Present a professional image in dealing with customers, interdepartmental and external representatives
While performing the duties of this job, the employee is regularly required to sit; use hands and fingers, handle, or feel; and talk or hear. The employee frequently is required to stand, walk, and reach with hands and arms. The employee is occasionally required to stoop or kneel. The employee must occasionally lift and/or move up to 10 pounds (loan files). Specific vision abilities required by this job include close vision, distance vision, peripheral vision, and the ability to adjust focus (heavy use of a computer terminal).
First Foundation is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with a disability, sexual orientation, gender identity, or any other characteristic protected by law.
Salary : $52,700 - $72,800
