GENERAL SUMMARY:
Under limited supervision, manages portfolio assets, underwrites loans and works with existing clients in support of one or more Workout Liqidation Officers. Facilitates existing credit underwriting for modifications and extensions. Works with Workout team to clear past dues, clear exceptions, review loan advances or pay downs and review borrowing bases.
MAJOR DUTIES AND RESPONSIBILITIES:
Assists workout officers with workouts and liquidations
Underwrites all credit modifications and extensions on workout deals; prepare LMM’s for workout officers
Ordering Credit Requests as needed ( analysis, spreads, credit reports from Credit)
Ensure loan collateral is perfected
Works with Workout Liquidation Officer, Loan Servicing and other Bank departments as needed to monitor and maintain portfolio performance
Maintain timeliness and accuracy of credit underwriting and documentation, including systems’ maintenance
Renews all credit facilities in the assigned portfolio
Contacts borrower (Owner, Principal, Controller, CFO, or CEO, depending on the size of the Company), spreads financials, writes approval memo, and puts together approval package
Creates default, acceleration, demand and set-off letters.
Collects information, prepares term sheet, may work with the Credit Group in underwriting the transaction if unable to complete in SAG
Coordinates with third parties (appraisers, attorneys, title companies) as needed
Works with team on past dues, exceptions, overdrafts, reviewing and signing off on advances and borrowing bases ; creates, reviews and approves loan payoffs in coordination with workout officers
Prepares Quarterly MCRC Reports
Participates on phone calls with existing clients
Work closely with Portfolio Administrator in support of workout officer
REQUIRED EDUCATION/EXPERIENCE:
PREFERRED EDUCATION/EXPERIENCE:
CERTIFICATIONS, LICENSES OR SYSTEMS NEEDED
REQUIRED KNOWLEDGE & SKILLS:
Proficient understanding of all aspects of commercial loan documents
Proficient in evaluating commercial credit risk
Excellent writing skills
Strong comminications skills
Strong credit/underwriting knowledge
Intermediate skill level MS Office products
PREFERRED KNOWLEDGE & SKILLS:
Banking product knowledge
We are an equal opportunity employer. Employment selection and related decisions are made without regard to sex, race, age, disability, religion, national origin, color or any other protected class.
Required Skills Required Experience