What are the responsibilities and job description for the Loan Quality Specialist position at Johnson Financial Group?
Overview
The Loan Quality Specialist possesses a thorough understanding of the principles governing loan documentation and security interest. They are responsible for ensuring that loans are documented according to the approved credit presentation and in accordance with state and federal laws.
Key Responsibilities
Position Specific Responsibilities
Our culture embraces diversity, equity, & inclusion; one where everyone feels valued and heard. For more information on JFG's culture and diversity efforts, including our employee resource groups, please visit the Diversity section of our career website.
The Loan Quality Specialist possesses a thorough understanding of the principles governing loan documentation and security interest. They are responsible for ensuring that loans are documented according to the approved credit presentation and in accordance with state and federal laws.
Key Responsibilities
Position Specific Responsibilities
- Ensures that all internally prepared consumer and commercial loans, extensions, modifications, and renewals and Lease Documents documented according to the approved credit presentation in accordance with the Bank's loan policy and are in compliance with applicable banking regulations as well as any other requirements designated by the credit approval authority.
- Performs pre-closing and full file audits for commercial leases, commercial and consumer loans documented through the loan documentation system to ensure compliance with credit, regulatory and collateral terms of the approval.
- Reviews title reports, UCC searches and other collateral perfections to ensure that the chain of title is satisfactory and does not contain exceptions that are unacceptable to the bank.
- Works with commercial and consumer lending documentation associates to provide detailed analysis of findings along with action plan for required resolution.
- Maintain knowledge of commercial and consumer loan documentation requirements, and Commercial Lease Documents, and remains current on all pending and proposed state and federal regulatory changes impacting commercial and consumer lending and leasing.
- Maintain and update Pre-Close procedures.
- Conducts a comprehensive and timely post loan closing review of commercial and consumer loan packages and leasing packages, ensuring service level agreement (SLA) is met.
- Records liens on collateral and ensures collateral is perfected per loan approval, make any necessary changes on Recorded Documents that are rejected or received back from register of deeds due to incorrect information or changes in legal description or other pertinent information. Research as needed and Re-Record document to ensure collateral lien position perfected correctly.
- Other duties as assigned.
- 3 -5 years’ experience in the financial services industry preferred.
- Good understanding of commercial and consumer loan documents and lien requirements for various types of collateral.
- Must possess excellent analytical and communication skills.
- Above-average computer skills and demonstrated proficiency in Microsoft Office applications (Word, Excel).
- Must function as a team player.
- Excellent interpersonal skills and relationship building skills.
- Proven ability to multi-task and meet deadlines.
- Must demonstrate attention to detail and accuracy.
Our culture embraces diversity, equity, & inclusion; one where everyone feels valued and heard. For more information on JFG's culture and diversity efforts, including our employee resource groups, please visit the Diversity section of our career website.