Loan Quality Analyst

Description

This position can be worked out of any Choice location.

Job Summary

The Loan Quality Analyst performs reviews to ensure loan packages are complying with established bank policies and procedures. This role will create a QA process as well as participate in non-targeted and targeted quality reviews, presents and communicates results effectively while also providing sound recommendations based on findings. The Loan Quality Analyst recommends and develops processes that improve performance and overall quality based on results.

Responsibilities

Quality Review

• Reviews all commercial and agriculture loans loan packages for completeness and accuracy of approval, documentation, and post-closing tasks; and in adherence to regulatory requirements and bank policy and procedure.
• Reviews and tracks all loan exceptions within system and provides exception reporting to the leadership team.
• Compares the loan approval to the loan documents to ensure that loan documents are accurate.
• Ensures proper loan-specific legal documentation and conditions are obtained prior to closing
• Effectively communicates items needed for closing.
• Determines if exceptions have been satisfied based on received documentation and clears exceptions for closing.
• Ensures sufficient coverages of collateral with verification of Bank correctly listed as Mortgagee, Loss Payee or Additional Insured, as appropriate.
• Reviews monthly reports to ensure compliance of post-closing items
• Stays abreast of regulatory, legal, policy and procedural changes to ensure a strong understanding of all aspects of loan product requirements.
• Participates in special projects and assignments as needed.
• Review of servicing activities, such as demands and collateral releases, for compliance with established bank policies and procedures
• Review of all loan documents to ensure all financial terms, conditions and covenants are listed as approved.
• Review of the loan documentation packages post-closing within the predefined service level agreement to ensure accuracy.
• Tracks actions and responses to ensure that required information and/or documents are obtained both pre- and post-closing.
• Resolve loan documentation issues or questions on new loans, renewals, and modifications through effective communication with lending team.
  
  

Process Improvement

• Creates a workflow and process to complete necessary reviews to ensures loan packages are adhering to regulatory requirements and bank policy and procedure.
• Documents procedures and workflow and communicates effectively with impacted stakeholders.
• Has the ability to build relationships, train and communicate on results of review and recommend process and procedure changes where appropriate.
• Investigates issues, sorting through data and information to identity relevant or important details while recognizing how to identify and prioritize critical issues and report or cascade accordingly.
  
  

Requirements

Qualifications

• Strong communication skills (oral and written), displays professional demeanor and ability to work independently.
• Bachelor's degree or equivalent as well as 2+ years of job-related experience and/or training or equivalent combination of education and experience in bank policies/procedures.
• Ability to evaluate information against a set of standards and verify that it is correct.
• Ability to compile and summarize findings found during a review into a report format.
• Negotiate cross-departmental goals
• Can balance and adapt to changing requirements between #PeopleFirst/Customer and Bank Security
• Negotiate cross-departmental goals
• Proficiency with Microsoft Office suite, including advanced Excel skills
  
  

Culture Alignment

Choice is #PeopleFirst, banking second.

People don’t need just another bank. People need to be supported by a team of trusted partners who will get to know them and their business, understand their challenges, discover their dreams, and recognize the success in bringing people and banking together in our communities.

In contributing to our culture, Choice team members are guided by our core values.

• Embrace change and encourage innovation.
• Know when to ask for help and know when to offer help.
• Better the places we live.
• Work hard. Do the right thing. Have a little fun.
  
  

Our vision of Diversity at Choice is supported by our #PeopleFirst mission and our core values.

Being #PeopleFirst means that Choice is committed to focusing attention and resources towards creating an environment where everyone feels respected and valued and can do their best work. Doing the right thing means encouraging employees to share their experiences and ideas, and to bring their whole authentic selves to work. Together, we can build an inclusive culture that seeks out, supports, and celebrates diverse voices. We can use our diversity to fuel creativity and innovation and bring us closer to our customers and the communities we serve. Be welcome at Choice. We can see you here.

Disclosure

This job description is intended to describe the general content of, and requirements for, the performance of this job. It is not to be construed as an exhaustive statement of duties, responsibilities or requirements. All requirements are subject to possible modification to reasonably accommodate individuals with disabilities. Some requirements may exclude individuals who pose a significant risk to the health and safety of themselves or other employees.

All employment at Choice Financial Group is “at will” employment. This position description does not create an employment contract, implied or otherwise.

The base salary for this role is listed below. This pay range is posted to comply with wage transparency laws. The base salary may vary based on skill, ability, knowledge, experience and geographic location. Full time employees are also eligible for a competitive bonus and benefits package. Check out bankwithchoice.com/careers for an outline of current benefit offerings.