Loan Administrator
3 weeks ago
Job Overview
We are looking for a Loan Officer/ Credit Analyst to evaluate loan applications for people or for business.
Responsibilities:
- Conduct thorough analysis of financial statements and assessment of credit requests, including new requests, changed requests, refinancing and annual due diligence.
- Conduct ongoing analysis of the loan portfolios to identify, manage and monitor credit risk and changes that need to be made.
- Present analysis, findings, and recommendations to managers, especially findings that involve a borrower's ability to repay.
- Responsible for the overall quality of the residential and commercial loan portfolio and profitability of the department.
- Continually evaluate current processes and identify opportunities for increased operational efficiencies.
- Ability to write loans.
- Provide constant updates, obtain approvals, promptly respond to requests and inquiries, and conduct follow-ups on any missing or pending documentation.
- Develop, propose, gain acceptance for and implement consumer lending program policy and lead activities relating to new product development with respect to consumer programs.
- Ensure appropriate legal documentation of credit transactions in compliance with company standards and approved credit terms.
- Develop individualized plans for clients to help meet their financial objectives.
- Actively partner with appropriate parties to grow new loan volume in a proactive and responsible fashion.
- Complete loan contracts and coordinate with the team on compliance.
- Develop and prepare spreadsheets and models to support analysis of new and existing credit applications.
Qualifications
- Bachelor's Degree in business, finance or business administration, or equivalent experience.
- Minimum 2 years experience in Private Lending Industry.
- Strong attention to detail and ability to notice discrepancies in data.
- Strong command of the English language and good communication skills.
- Comprehensive understanding of lending and refinancing processes.
- Ability to work independently.
- Proven working experience as a Loan Administrator and/or Credit Analyst.
- Familiarity with computers and banking applications/software.
- Solid understanding of direct/indirect lending products and practices.
- Excellent communication and interpersonal skills.
- Ability to work in a goal-oriented environment.
- BS degree in finance, economics or a related field.
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