Senior Loan Review Examiner Job in Seattle 98101, Washington Us
Our Senior Loan Review Examiner is responsible for the completion of reviews of business units' loan portfolios, including commercial real estate, residential construction and commercial and industrial, to ensure compliance with established policies and standards. Recommend appropriate corrective actions.
ESSENTIAL FUNCTIONS:
Contributes to the annual review of policy and procedures for the loan review function including scope and method of reviews.
Performs loan review examinations including:
- Independently designs and executes loan reviews for a variety of business units. including commercial real estate, residential construction and commercial and industrial.
- Evaluates individual loans to ensure that acceptable credit standards are maintained and that the loans conform to established policies and approved underwriting standards.
- Has comprehensive knowledge of Bank's credit policies and procedures.
- Evaluates the financial position of bank borrowers to analyze repayment capacity of loan customers including analyzing complex financial statements to determine borrower's financial condition and adequacy of cash flows to ensure continued ability to service debt.
- Ensures that loans are properly structured and accurately risk graded by the lending officers.
- Reviews any credit risk issues identified in external exams to ensure subsequent adherence.
- Communicates key findings during the loan review process during the exam to senior management prior to the issuance of final findings.
Reports loan review exam findings verbally and in writing providing recommendations for corrective actions if needed.
Performs systematic reviews of the Bank's loan portfolio to assess the accuracy and effectiveness of management's credit risk monitoring mechanisms. Interacts with external auditors and regulatory agencies as necessary.
Assists in the development of new/improved credit risk practices. Keeps informed on new loan products, industry trends, and regulatory changes.
REQUIREMENTS:
Education: Bachelors Degree in Business or Finance or equivalent work experience.
Requires a minimum of five years experience in loan review with a commercial bank or a related financial services company, including a working knowledge of current loan review processes, loan classifications, risk management techniques and loan loss reserve analysis.
Must have experience in a variety of lending areas such as residential and commercial construction, multifamily and commercial real estate, and commercial/business lending.
Must have a general knowledge of all federal and state laws and regulations governing credit administration functions and experience in developing credit policies and procedures.
Requires strong analytic, problem solving, interpersonal, and organizational skills.
Excellent verbal and written communication skills.
Ability to communicate effectively across all levels of management.
Proven ability to provide objective feedback in constructive manner.
Ability to work independently and maintain objectivity in assessments.
Must have demonstrated proven ability to improve existing processes that will result in improved processes while maintaining credit risk controls.
Demonstrated PC skills including MS Office with strong excel proficiency required.
HomeStreet Bank is an Equal Opportunity Employer
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