What are the responsibilities and job description for the Collateral Management Officer - Harlingen, TX position at Texas Regional Bank?
Position Summary
The Collateral Management Officer (CMO) is responsible for assisting the bank’s loan officers in monitoring loan covenants and collateral to ensure that credit risk is adequately mitigated and accurately assessed. Periodic inspection, examination, analysis of collateral, and confirmation of borrower compliance with loan covenants are essential components in this regard. Consequently, the role of the CMO is dynamic, requiring a positive attitude, the ability to work with loan officers and their customers, the ability to set and achieve goals, and dedication to do what is needed to be successful in protecting the bank’s interests.
Principal Duties and Responsibilities
- Participate, as needed, in the commercial application and origination process including but not limited to inspecting the customer’s place of business, reviewing its business policies and procedures, and ascertaining its compliance with regulations and laws that govern the customer’s business. This may also include in-depth review and analysis of collateral that will secure the bank’s loans. These services will also be employed from time to time with existing customers as circumstances and market conditions change or when a periodic review is needed to reconfirm or update a range of topics that might include: business acumen, industry experience, succession planning, compliance with regulations, etc.
- Responsible for conducting collateral reviews and inspections, followed by analysis and reporting of the findings to the file, the Chief Real Estate Officer, respective loan officers, or members of Executive Loan Committee. This may include review and analysis of borrowing base compliance related to accounts receivable & inventory lines, note receivable financings, livestock loans and automobile floorplan loans. Also included are onsite inspection of commercial and residential construction jobsites, land development projects, loan agreement compliance, and partial releases of lien on various types of collateral.
- Responsible for the real estate appraisal procurement process for the bank. For more details see Appraisal Procurement Procedures.
- Occasionally, CMO may be asked to assist in or to assume active management of one or more loans to support Loan Officers or to implement strategies to bring a borrower’s loan collateral back into compliance.
- Maintain active communication with the Chief Real Estate Officer, Chief Credit Officer, loan officers, Appraisal Review Officer, credit analysts, and Loan Administration.
- Keep appropriate parties up-to-date on collateral and compliance issues or other findings, and when so directed, disclose the information to the respective customers in a timely and organized manner.
- Adhere to the bank’s loan and credit policies, appraisal guidelines and applicable regulatory requirements.
Other Responsibilities
- Support and promote the bank’s Vision, Mission, Core Values, organizational structure, and policies and procedures.
- Must be keenly observant and have excellent analytical and decision-making skills.
- Highly focused, able to identify and communicate key priorities clearly and to ensure resources are properly aligned.
- Excellent interpersonal and communication skills, necessary for maintaining effective relationships with internal constituents and members of the local business and civic community.
- Capable of working effectively in time sensitive situations and remaining composed when reporting information that may not be received with immediate or universal acceptance.
- Demonstrate a firm, yet understanding style in interactions with the bank’s employees, its customers, and prospects.
- Comply with federal and state regulations as well as all established Bank policies and procedures.
- Other duties as assigned.
Qualifications, Education and Experience Requirements
- Minimum of five years banking experience in areas such as business development, collateral structuring, loan underwriting, and portfolio management.
- High school diploma or equivalent; college degree preferred.
- Computer literate with the ability to utilize all programs including but not limited to: Microsoft Windows, Excel, Outlook, Word, the Internet, and specific bank related software.
- Ability to prioritize responsibilities and tasks.
- Strong communication skills.
- Bilingual (English and Spanish), preferred.
- Effective time management skills.
- Strong analytical, problem solving, and mathematical skills.
- Capable of making decisions and exercising sound judgment in matters related to the bank’s loan customers and the collateral that secures their loans.
- Ability to travel and train when necessary.
- Must be able to be physically present in the Bank to perform job duties.
- Texas Regional Bank is an Equal Opportunity Employer.