Loan Review Officer jobs in Connecticut
Loan Review Officer performs reviews of bank's loans to ensure compliance with established policies and standards. Reviews small- to mid-size loans. Being a Loan Review Officer may prepare and provide loan data to accounting. Requires a bachelor's degree. Additionally, Loan Review Officer typically reports to a manager or head of a unit/department. The Loan Review Officer works on projects/matters of limited complexity in a support role. Work is closely managed. To be a Loan Review Officer typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
Recently Added Loan Review Officer jobs
Loan Review Analyst Sr
- Liberty Bank - CT
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Middletown, CT
CONTRACTOR
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At Liberty, we are proud to integrate our Diversity, Equity and Inclusion (DE&I) throughout all functions and areas of the Bank in order to maximize our impact and exceed goals. We believe that deepening our DE&I strategies in the workplace and communities we serve, creates a much better place to work for our teammates and a safe place where our customers are connected and supported. We take pride in promoting through initiatives and investment a socially responsible and sustainable future.
SUMMARY OF THE JOB :
Reporting to the Loan Review Manager, the incumbent is responsible for providing an independent quality review of the Bank’s commercial loan and commercial real estate loan portfolio and lending practices. The position is responsible for supporting the Loan Review function through the assessment, on a loan specific or portfolio wide basis, of loan quality and corresponding potential loan loss exposure for the various loan portfolios. Monitors compliance with and adequacy of established lending and corporate policies.
ESSENTIAL FUNCTIONS:
The incumbent analyzes the composition of the Bank’s commercial loan portfolio to identify any deterioration of loan quality, potential problem loans, exceptions to loan policy, concentrations of credit, and documentary deficiencies. Monitors the risk rating system to insure it is both accurate and current. Recommends adjustments to risk ratings if credit quality warrants. Reviews commercial and industrial,, resort finance, commercial real estate, small business loans and other loan products as we expand and contract in accordance with Loan Review Department Policy and plan, which involves review of individual credit files including basic legal documentation review. Participates in Directors’ Credit Risk Committee meetings presenting information on Bank’s loan portfolio. Provides internal/external auditors and examiners with reports of loan review findings. Employs desktop systems to full advantage in performance of evaluative tasks. Maintains knowledge and skill in related technology to efficiently process assigned loan reviews.
Principal Accountabilities
Loan Review: Conducts highly complex loan reviews to ensure that loans are originated, processed, underwritten, and closed in compliance with relevant regulations and consistent with Company policies. Performs on-going review of commercial loan portfolio to identify potential problems, exceptions to policy, and other deficiencies. Conduct loan reviews in accordance with type, scope, and plan period. Expedite/improve processes where possible.
Analysis: Use credit and financial information to verify the continuing credit worthiness of existing customers. Strong ability to analyze corporate financial statements and tax returns.
Risk Rating: Assess adequacy of current grades and accrual status. Recommends adjustments to risk ratings and changes to loan policy and procedures when loan conditions warrant.
Independent Judgement: Provides consultative feedback to relationship managers and their unit managers relative to credit/loan quality issues arising from loan reviews when applicable. Evaluates effectiveness of management processes in the banks various loan portfolios.
Reporting: Prepares complete reports of loan portfolio composition which accurately reflect lending conditions. Assists in developing summary reports for senior management identifying trends and offering recommendations as assigned for process improvements. Assists in the completion of quarterly summary reports for executive management and Loan Committee. Attends Special Assets meetings and other Line of Business meetings as required.
Computer Use: Word, Excel Outlook and ability to learn Loan Review platform, Sage works. Prolonged sitting.
DIMENSIONS
Operate in a loan volume environment with loan volumes range from $5 thousand to $1 million (Small Business), C&I, $1 - $5 million and $5 million to 85 million (CRE & Resort Finance). Ability to successfully transition from reviewing diversified loan types based on specific Lines of Business. Comfortable in maintaining prolonged periods of “desk file” reviews. Ability to complete 2-3 loan file review/write-ups per week.
MINIMUM REQUIREMENTS:
Language, reasoning, and analytical skills normally acquired through completion of a Bachelor’s degree preferably in business, finance, or accounting and/or equivalent professional experience. An advanced degree is also preferred. In addition, and a minimum of 5 – 7 years loan review experience is required and formal credit training preferred. Strong communication skills with ability to relate well with the loan officers, team leads and loan servicing staff. Be detail oriented and work independently within deadlines. Skilled at multitasking. Demonstrated ability to make sound business decisions and prioritize work consistent with goals and objectives. Solid knowledge of desktop technologies (i.e. word, excel, Outlook) with technical aptitude to learn and employ new software. Strong analytical skills. Recognize trends and relationships in data and reports and can formulate appropriate conclusions and responses. Has experience/familiarity with due diligence processes. Can coach and develop others, proactively sharing information and expertise for the benefit of the team. All Loan review assignments including: Loan documentation, regulatory compliance, and report writing.
PHYSICAL REQUIREMENTS:- General Office Equipment
- Keyboard Dexterity
- Prolonged Sitting
Acts affirmatively in all activities under his/her control in conformance with the Bank’s Affirmative Action, Equal Employment Opportunity, and Fair Lending Programs to achieve the Bank’s goals and objectives. The bank shall provide equal employment opportunity to all qualified persons, and continue to recruit, hire, train and evaluate persons in all jobs without regard to race, color, religion, sex, national origin or veteran status.
Liberty Bank is an Equal Opportunity employer. It is the policy of Liberty Bank to provide equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran or disabled status, or genetic information.
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- Just Posted
Loan Review Analyst Sr
- Liberty Bank
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Middletown, CT
FULL_TIME
- At Liberty, we are proud to integrate our Diversity, Equity and Inclusion (DE&I) throughout all functions and areas of the Bank in order to maximize our impact and exceed goals. We believe that deepen...
- 6 Days Ago
Commercial Credit Loan Review Manager
- Bankwell
-
Canaan, CT
FULL_TIME
- DescriptionAbout Bankwell:Bankwell is a commercial bank with more than $3 billion in assets that serves the banking needs of businesses and individuals. At Bankwell, we pride ourselves on our unique a...
- Just Posted
Commercial Credit Loan Review Manager
- Bankwell Financial Group Inc
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Canaan, CT
FULL_TIME
- DescriptionAbout Bankwell:Bankwell is a commercial bank with more than $3 billion in assets that serves the banking needs of businesses and individuals. At Bankwell, we pride ourselves on our unique a...
- Just Posted
Commercial Loan Officer
- New Silver
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West Hartford, CT
FULL_TIME
- Commercial Real Estate Loan Officer (Specializing in Construction and Fix and Flip Lending)Location: Remote, available to any candidate who meets or exceeds criteria based in the USSalary: On target e...
- Just Posted
Loan Officer Outside Sales
- Primary Residential Mortgage
-
Guilford, CT
FULL_TIME
- Position Purpose - Responsibilities/Duties/Functions/TasksThe main function of this position is to proactively solicit new residential mortgage clients, while developing and cultivating a strong busin...
- 1 Day Ago
Loan Review Officer jobs at Popular Companies
Loan Review Officer
- Natixis Corporate & Investment Banking
-
New York, NY
- Natixis is searching for a director-level Loan Review Officer to join the New York team to help support the Managing Dir...
- 6/2/2024 12:00:00 AM
Vice President of Business Development
- Tioga Capital, LLC
-
Atlanta, GA
- About Tioga Capital, LLC (“Tioga”) is a private investment firm based in Atlanta, GA that takes an opportunistic approac...
- 6/2/2024 12:00:00 AM
AVP/VP Loan Review
- JCW
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- JCW is recruiting for a Senior Loan Review Officer on behalf of a top commercial bank in Fairfield County. If you have e...
- 6/1/2024 12:00:00 AM
CRE Loan Review Specialist II
- CityFirst Bank
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Inglewood, CA
- WHO WE ARE City First Bank N.A. is a mission-driven Community Development Financial Institution (CDFI) principally focus...
- 5/31/2024 12:00:00 AM
Loan Review Officer
- First Utah bank
-
Salt Lake City, UT
- Job Description Signing Bonus Available. The Loan Review Officer performs loan reviews of the Bank's commercial loan por...
- 5/30/2024 12:00:00 AM
Loan Review Officer
- Groupe BPCE
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New York, NY
- Poste et missions Natixis is searching for a director-level Loan Review Officer to join the New York team to help suppor...
- 5/30/2024 12:00:00 AM
Loan Review Officer/Analyst
- Seres Smith Consulting
-
Tulsa, OK
- Loan Review Officer/Analyst DESCRIPTION OF POSITION FUNCTIONS: Conduct and write reports of loan reviews Answer Loan Pol...
- 5/30/2024 12:00:00 AM
Loan Review Officer II
- AmeriServ Financial Bank
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Johnstown, PA
- SUMMARY OBJECTIVE: Support the Loan Review Program, as assigned, to minimize the impact of losses, assess the quality of...
- 5/29/2024 12:00:00 AM
About Connecticut
Connecticut is bordered on the south by Long Island Sound, on the west by New York, on the north by Massachusetts, and on the east by Rhode Island. The state capital and fourth largest city is Hartford, and other major cities and towns (by population) include Bridgeport, New Haven, Stamford, Waterbury, Norwalk, Danbury, New Britain, Greenwich, and Bristol. Connecticut is slightly larger than the country of Montenegro. There are 169 incorporated towns in Connecticut.The highest peak in Connecticut is Bear Mountain in Salisbury in the northwest corner of the state. The highest point is just east...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Loan Review Officer jobs
$61,444 to $90,189
Most Popular Cities in Connecticut for Loan Review Officer Jobs
What does a Loan Review Officer do?
Loan Review Officer in Burlington, VT
A commercial loan officer performs portfolio reviews and must consider all factors including risk, size, type of commercial loan and asset quality.
January 21, 2020
Loan Review Officer in Chillicothe, OH
This guide is for people who have been authorised, nominated or commissioned to make or review Budgeting Loan decisions.
February 21, 2020
May also review retail loans and other commercial and non-commercial credit exposures.
January 16, 2020
Loan Review Officer in Indianapolis, IN
The major decisions are still decided upon by the commercial loan manager.
December 27, 2019