Secured Credit Officer I

S&T Bank (Chester NS, Canada) 1 day ago
West Chester:  2 North Church Street, West Chester, PA 19380 Main Office:  800 Philadelphia Street, Indiana, PA 15701 Work Days and Expected Hours: Monday-Friday: 8:00 AM to 5:00 PM (Additional hours as necessary to meet the objectives of the department). Function: Assumes responsibility for complex activity of Asset Based Commercial Loan monitoring and operations, as well as Commercial Construction Loan monitoring. Ensures the timely processing of commercial loan draw requests, monitors collateral positions, project status conditions, performance metrics and borrower trends. Duties and Responsibilities: Reviews and analyzes borrowing base certificates, account receivable schedules, account payable schedules, inventory listings and other various collateral reports to ensure compliance with Formula Based Line of Credit conditions. Communicates core system maintenance information to the Loan Systems Department for availability on Formula Based loans. Participates in loan structuring with account officers and helps prepare information for Commercial Loans, underwriting including: Collecting and analyzing collateral data, and recommending conditions for proper loan structure. Reviews and analyzes loan documentation to determine appropriate recommendations. Receives and responds to various customer questions, works to resolve issues and provides ongoing customer service in the administration of Formula Based and Construction loans. Ensures compliance with existing loan policies and procedures and assists in policy development and modification. Provides assistance regarding accounts to less experienced Secured Credit Administrators. Reviews borrowing base certificates and supporting schedules and approves loan requests for Formula Based loans. Reviews AIA documents, invoices, project budgets, engineer inspection reports and title updates in the monitoring of large, complex commercial construction loans. Contacts formula-based customers who are delinquent on their collateral reporting and reports the delinquent status to the Commercial Banker, Regional Credit Officer and Secured Credit management. Maintains a database and files on Formula Based collateral reports, as well as information necessary to verify collateral and supporting documentation on construction loans. Maintains databases and files for Commercial Construction loan budgets, loan adequacy, project timelines, interest reserves and absorption rates. Coordinates third party inspections by professional engineers of commercial construction projects, reviews results and discusses variances with engineer and utilizes report to decision construction loan disbursements. May be asked to conduct site inspections on Construction Loans and Formula Based loans to verify collateral. Assists in the preparation of summary reports of the Formula Based Lines of Credit and Commercial Construction Lines of Credit portfolios. Coordinates 3^rd party audits of certain Formula Based Lines of Credit customers. Reviews results of audit and reports findings to Commercial Lending Account Officer, Regional Credit Officer, Credit Management and Lending Management. Independently monitors a portfolio of commercial construction and formula-based loan accounts and is responsible for ensuring loans are in compliance with the Credit Memo and Business Loan Agreement. Responsible for reporting any exceptions or performance issues. Performs loan request callback procedures to external customers to ensure appropriate customer representatives are requesting funds. Maintains a good working relationship with bank employees. Demonstrates strong interpersonal skills with the ability to work independently, as well as motivated to work as a team player to contribute to the success of the department, and in turn the organization. Utilizes the bank’s credit underwriting, approval and workflow system, nCino, to track loan status, verify pre-funding documentation and approve initial funding. Determines whether information submitted for underwriting meets bank policy and procedures as well as regulatory requirements for commercial construction credit applications. Reviews construction loan terms and conditions and transaction sources and uses to determine appropriateness of loan structure and reasonableness of loan purpose. Identifies improper structure and makes recommendations to Relationship Managers, lending management and/or credit approval authorities for improving loan structure. Conducts background checks and credit bureau inquiries via third party vendors to prevent fraud and assess the overall character of credit applicants. Utilizes financial and quantitative analyses techniques to evaluate financial and related information to gauge borrower’s overall ability to repay debt as well as to assess financial performance relative to peer companies, industry benchmarks or other standards of performance. Identifies significant performance and credit issues during the underwriting process through a comprehensive listing of major strengths and weaknesses in the proposed loan transaction(s). Responsible for defending positions taken. Prepares the entire underwriting document utilized by executive management to approve loans for the highest credit risk exposures. Ensures that documents are accurate with a high level of detail. Ability to thoroughly document the approaches taken and to defend assumptions utilized in the credit analysis. Assigns appropriate risk ratings to proposed loan transactions, including regulatory non-Pass ratings, which will directly influence the ALLL provision and bank earnings. Defends assigned risk ratings. Occasionally accompanies lending officers or manager on calls/site visits with significant commercial construction projects.   Provides support in identifying the appropriate information to be gathered from customers for new loan requests. Assumes additional responsibilities as required. Physical Demands 50% of the day is spent operating a keypad device. 10% of the day is spent operating office equipment. The primary parts of the body involved in performing these tasks are fingers, thumbs, and hands. Sitting is required 75% of the day. Walking is required at 25% per day. Use of manual dexterity skills for typing and data entry up to 40% of the business day. Specific vision requirements include close vision of 18”-20” for computer work. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions. Requires the use of dexterity skills for typing and data entry up to 40% of the business day. Specific vision requirements include close vision of 18”-20” for computer work. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

Secured Credit Officer I

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