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Senior Loan Review Officer, Credit Administration (Remote, WA)
Senior Loan Review Officer, Credit Administration (Remote, WA)-November 2024
Seattle
Nov 23, 2024
About Senior Loan Review Officer, Credit Administration (Remote, WA)

  Salary Range:$85,400.00 - $140,900.00(Depending on knowledge, skills, abilities and location. Certain level jobs may be eligible for bonus, commission, and/or equity awards.)Benefits worth writing home about:Medical, dental, and vision coverage for employees and their familiesLife, disability and family Leave401(k) and Roth 401(k) with employer matchWellness program, employee assistance program, "Commute Trip Reduction" (CTR) and various employee discountsGenerous vacation, sick leave, 11 paid holidays, and 16 hours of paid leave every year for community service workFree employee checking account and employee home loan discountsEO/AA Employer including Vets and Disabled.Qualified applicants with arrest and conviction records will be considered in accordance with legal requirements.If you are a California resident, you may be entitled to certain rights regarding your personal information, which is information that identifies, relates to, or could reasonably be linked with a particular California resident or household.Additional information about our data collection practices and location specific notices is available on ourJob Description SummaryThis position is responsible for leading loan reviews which analyze and evaluate the Bank's commercial lending, commercial real estate and/or residential construction loan portfolios. As well as loan administration of each of these lending units from a risk management perspective. With a specific emphasis on assessing portfolio data and drawing risk based samples that are statistically representative of key risk components within the target portfolio. Responsibilities also include assessing the accuracy of risk ratings within the portfolio, adherence to underwriting and credit policy standards, and portfolio administration and monitoring requirements. Incumbents evaluate complex financial statements and loan transactions with minimal supervision, including reviewing appraisals on real estate related loan. As a senior review officer, responsibilities include the assimilation of data and review findings which are communicated to management and the Board of Directors.Job DetailsPRIMARY FUNCTIONS:Contributes as needed to the annual review of Loan Review Policy and Procedures including updates that reflect changes in regulatory guidance and current industry best practices.Assists as needed in the annual assessment of credit risk within the Bank as part of the formulation of the Loan Review Plan for the coming year.Maintains understanding of Bank's credit policies and procedures and is knowledgeable of current relevant regulatory guidance and industry best practices.Responsible for managing the completion of loan reviews of the Commercial Lending, Residential Construction and/or Commercial Real Estate lending units. This includes, in whole or in part, determining review scope, drawing a risk based sample, and managing the work flow process for completion of the review within the timeframe outlined in the Loan Review Plan. Depending on the size and scope of the review, responsibilities may include assisting in the file review process, completing line sheets, identifying key credit risks or material weaknesses in loans reviewed and contributing to the final Loan Review Report as appropriate.Reviews and quantifies the information and conclusions in the line sheets, coaching the review officers on timely and appropriate completion issues as they arise, determines whether the objectives of the Scope have been achieved, and directs meetings with Management and key department personnel to communicate and discuss the review findings.Tracks the review results efficiently by borrower and by issue and organizes the presentation of key findings to Business Unit personnel in interim review meetings as well as the Pre-Exit meeting.Prepares and presents Loan Review Repor

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