• | Assists in managing financial analysis and annual reviews of assigned existing loan relationships and participation loans; ensures that the loans are graded properly according to the Credit Union’s loan grading policy. | |
• | Reviews collateral property inspections performed by 3rd party vendor(s) and follows up with borrower to remedy identified deferred maintenance. | |
• | Monitors the borrower’s ability to repay the loans as structured through periodic check-ins and information collection; ensures post-closing compliance with loan documents. | |
• | Assists in monitoring the performance of borrowers and guarantors, evaluating and monitoring covenant compliance and financial and industry trends, and identifying problem credits. | |
• | Assists with providing information on a timely basis to participants for loans that have been participated to other institutions as needed. | |
• | Reviews borrower requests, including, but not limited to, assumption, partial release, collateral exchange, modification, waiver, etc. in accordance with Logix established policies and procedures and applicable loan documents; provides recommendation for Senior Management approval. | |
• | Assists in the preparation of loan portfolio reports such as PCRM (Problem Credit Report Memorandum) for audit and management; ensures the audit-soundness of loan portfolio is maintained. | |
• | Monitors critical asset levels through action plan implementation activities and managing loan delinquencies and maturing loans. | |
• | Assists the Manager - Business Credit Administration with developing and implementing Loan Workout/Resolution plans, as approved under appropriate authority. | |
• | With the guidance of management, coordinates with legal counsel or outside collection agencies as needed to minimize LFCU liability. | |
• | Assists in the annual review, updating and development of commercial lending policy and procedures and adheres to current regulatory standards. | |
• | Point of contact for various 3rd party systems and platforms utilized for loan monitoring and servicing. | |
• | Assists in assembling information and reports pursuant to regulatory exams and outside audits. | |
• | Responds to escalated customer inquiries regarding servicing and payment issues. | |
• | Responsible for ensuring loan file maintenance. | |
• | Prepare Commercial portfolio reports (monthly, quarterly, semi-annual and annual) to be presented to various reporting committee with assistance from Manager | |
• | Ensures that the Annual Shock test is performed on the loan portfolio. | |
• | Co-planners on the annual performance review. | |
• | Assist in providing objective and sound judgment on employee matters, i.e. coaching, counseling, employee development, etc. | |
• | Assist as another level of engagement with employees to foster continuous positive feedback and connect new hires with our CATFISH values. | |
• | Responsible for being the team leader for the department. |