What are the responsibilities and job description for the Loan Review Professional position at Arrow Bank NA?
The Arrow Financial Corporation Family of Companies is seeking dynamic, authentic individuals to join our amazing team! Currently, we are looking for an experienced professional to join our Loan Review team as:
Loan Review Professional
This opportunity may be perfect for you if you have experience in:
> Loan Review and/or credit risk management
> Meeting deadlines
> Analytical thinking
About this Position:
Responsible for overseeing review of the Company’s consumer and commercial loans for quality, accuracy and regulation compliance. Implement the Board-approved Loan Review Program. Initiate strategies to achieve goals established for the department.
Responsibilities:
> Provide assessment of loan condition and quality, independent of the lending function.
> Maintain thorough working knowledge of Company’s lending policies and procedures and identify deviations from policy; analyze credit and financial information to verify credit-worthiness of borrowers falls within assigned risk ratings.
> Review loan documentation, risk ratings and risk rating requests, bank loan arrangements, credit authorizations involving lines of credit, commitments and term arrangements reported by all lending units and credit functions.
> Coordinate monthly required quality control reviews for residential mortgages with the outside auditing firm to ensure completeness.
> Evaluate and provide input on the adequacy of Allowance for Expected Credit Losses.
> Assess larger credits periodically to detect and report on potentially deteriorating situations.
> Review past due and criticized loan reports, examination reports and other sources of information for possible downgrading of deteriorating situations.
> Cooperate with, participate in, and support adherence to all regulations, internal policies, practices and internal controls promoting risk management and overall safety and soundness of Company.
> Manage, coach and counsel staff to meet department goals and achieve performance standards; encourage continuous improvement for career development.
> Participate actively in Community Service as designated by Community Service Requirements.
What you will need to thrive in this role:
Education/Certifications:
> Bachelor’s Degree or equivalent experience required
> 6 years Loan Review and/or credit risk management-related experience required
Skills/Knowledge:
> Proven leadership qualities and presentation skills
> Strong communications skills, both written and verbal; comfortable communicating with customers, co-workers and management
> Strong analytical and organizational skills; ability to prioritize multiple tasks/projects to meet deadlines
> Sound business judgment and ability to think independently; flexible and willingness to adapt
> Proficient in Microsoft Office including: Word, Excel, and Outlook
Physical Demands:
> Must be able to sit for prolonged periods of time and walk/stand for brief periods of time.
> Must be able to repetitively use a telephone and computer mouse and keyboard.
> Ability to lift/move up to 15 lbs.
What we will bring to the table:
We believe in investing in our employees and helping them grow their career with us. We offer a pleasant, inclusive work environment, career development opportunities, and competitive compensation. Through our total rewards program, we offer a comprehensive benefits package featuring:
> Competitive compensation including potential bonus and incentives as well as paid vacation, sick time, and holidays
> Medical, Dental, and Vision Insurance and Flexible Spending Plan
> Multiple retirement plans including: 401(k), Pension, and Employee Stock Ownership
> Education and Tuition Reimbursement
> Employee Assistance Program for our employees and their immediate family members
We are an Equal Opportunity Employer. Our philosophy and practice are to provide equal opportunity to all employees and applicants for employment without regard to race (including traits historically associated with race), color, religion, creed, gender, sex, pregnancy (including childbirth and related conditions), sexual orientation, gender identity or expression, status of being transgender, national origin, age, disability, genetic information, predisposing genetic characteristics or carrier status, marital status, familial status, amnesty, status as a victim of domestic violence, reproductive health decision making, citizenship or immigration status, prior convictions or arrests, military status, status as a protected veteran, known relationship or association with any member of a protected class, or any other federal, state, or local legally protected classes. As a multi-bank holding company, Arrow Financial Corporation has over $4 billion in assets. Through our subsidiaries we provide a broad range of banking and insurance services across northeastern New York, including online and mobile banking, wealth management, money market and deposit accounts, and mortgage, consumer and commercial loans.
We are committed to delivering value for our shareholders, our customers, and our communities. Our conservative business model and strategy of steady growth have resulted in many recognitions from the nation’s leading publications and bank-rating firms.
The pay range for this position is $62,500-$90,000 annually commensurate with experience and education.
Additional compensation may be earned through the Company’s annual bonus and incentive programs, subject to individual and company performance.
L1-st1
Salary : $62,500 - $90,000
