What are the responsibilities and job description for the Loan Review Analyst position at Southern Bank?
Primary Purpose Of Job
The Loan Review Analyst is responsible for reviewing loans to ensure that acceptable credit standards are maintained and that loans conform to established company policy.
EXPECTATIONS OF ALL SOUTHERN BANK TEAM MEMBERS
The following specifications are general guidelines based on the minimum education and experience normally considered essential to the satisfactory performance of this position. The requirements listed below are representative of the knowledge, skill and/or ability required to perform the position in a satisfactory manner. Individual abilities may result in some deviation from these guidelines.
Knowledge, Skills And Abilities
Family & Trust: Southern Bank team members build relationships based on trust and mutual respect, maintain an inclusive and honest environment and uphold integrity and transparency in all interactions.
Rooted & Service: Southern Bank team members are committed to serving customers, communities and teams with purpose, professionalism, and respect, while effectively communicating and actively listening to meet their needs.
Innovation & Strength: Southern Bank team members foster collaboration and continuous improvement, encourage visionary thinking, and strive for excellence to drive the organization forward.
Continuous Learning: Actively identifying new areas for learning; regularly creating and taking advantage of learning opportunities; and using newly gained knowledge and skill on the job and learning through their application.
Information Monitoring: Setting up ongoing procedures to collect and review information needed to manage an organization or ongoing activities within it.
Initiating Action: Taking prompt action to accomplish objectives; Taking action to achieve goals beyond what is required; being proactive.
The Loan Review Analyst is responsible for reviewing loans to ensure that acceptable credit standards are maintained and that loans conform to established company policy.
EXPECTATIONS OF ALL SOUTHERN BANK TEAM MEMBERS
- Southern Bank team members are a family, rooted in the communities we serve and working together to be the best in our industry, utilizing innovative ideas and strong products. The Southern Bank Patch illustrates these ideals.
- Ensures the confidentiality of customer non-public personal information and secures information systems to comply with bank regulations.
- Conduct a systematic review of commercial, installment and mortgage loans to determine adequacy of documentation;
- Assess the adequacy and adherence to internal loan policies and loan administration procedures;
- Verify proper approval, covenant compliance, financial data analysis and documentation review for credit worthiness;
- Promptly identify loans with potential credit weaknesses;
- Appropriately grade or adversely classify loans, especially those with well-defined credit weaknesses that jeopardize repayment, so that timely action can be taken and credit losses can be minimized;
- Produce high quality working papers and reports to document the tests performed, findings, conclusions and recommendations;
- Follow up to ensure corrective actions are achieved within agreed timetables;
- Provide meaningful assessments of financial, risk and regulatory reporting control environment;
- Prepare reports for and advises committees and relevant groups;
- Maintain a working knowledge of relevant legislation, statutory instruments, codes of practice, departmental policies and ensures these are adhered to;
The following specifications are general guidelines based on the minimum education and experience normally considered essential to the satisfactory performance of this position. The requirements listed below are representative of the knowledge, skill and/or ability required to perform the position in a satisfactory manner. Individual abilities may result in some deviation from these guidelines.
Knowledge, Skills And Abilities
- Demonstrated knowledge of all pertinent regulatory requirements and compliance program elements;
- Proven organization and facilitation skills;
- Demonstrated expertise in oral and written communication;
- Demonstrated expertise in analysis and decision support
- Ability to prioritize, multi-task and manage deadlines
- Bachelor’s degree in accounting or equivalent work experience;
- One to three years work experience in a highly diversified organization
Family & Trust: Southern Bank team members build relationships based on trust and mutual respect, maintain an inclusive and honest environment and uphold integrity and transparency in all interactions.
Rooted & Service: Southern Bank team members are committed to serving customers, communities and teams with purpose, professionalism, and respect, while effectively communicating and actively listening to meet their needs.
Innovation & Strength: Southern Bank team members foster collaboration and continuous improvement, encourage visionary thinking, and strive for excellence to drive the organization forward.
Continuous Learning: Actively identifying new areas for learning; regularly creating and taking advantage of learning opportunities; and using newly gained knowledge and skill on the job and learning through their application.
Information Monitoring: Setting up ongoing procedures to collect and review information needed to manage an organization or ongoing activities within it.
Initiating Action: Taking prompt action to accomplish objectives; Taking action to achieve goals beyond what is required; being proactive.