Loan Review Officer

Company: Heritage Bank
Location: Tacoma
Posted on: May 28, 2023

Job Description:

Base Salary Range:$79,400.00 - $ 99,250.00- $119,100.00 annual$96,080.00 - $120,100.00 - $144,120.00 annualDepending on qualifications and experience Loan Review Officer or Loan Review Officer Senior may be considered.Geographical location for this position is Tacoma or Lynnwood, WA. Depending on experience, other Heritage Bank locations in Washington and Oregon may be considered.At Heritage Bank, we work hard, but we also know how important it is to take time off to stay healthy, relax, and spend time doing what makes your heart happy!As part of our team you'll enjoy a total rewards package, which includes base salary based on the role, experience, and skill set, along with an exceptional benefits package (medical, dental, vision, life insurance, 401(k), community volunteer time), and generous time off policy. Full-time team members receive a minimum of 10 paid vacation days annually* and eight hours of paid sick leave per month*, while also enjoying 11 paid holidays each calendar year, and an annual float day. Position Overview:The loan review officer is responsible for the independent review and objective appraisals of the Bank's loan portfolio and related risk management activities to ensure that acceptable credit standards are maintained and loans and related documentation adhere to the Bank's policies, procedures, guidelines, and regulatory requirements.Investment credit review experience - highly desired.The successful candidate:Participates in the evaluation of the bank's asset quality, assessing adherence with lending and portfolio policy, loan approvals, and evaluating and reporting on risk rating integrity.Performs regular loan reviews, ensuring loans adhere to general loan policy and regulatory guidelines.Assess the accuracy of risk grades, timeliness of grade changes, justification of rationale, and adherence to bank policy for risk grading methodology.Prepares independent analysis and supporting documentation for loan reviews.Prepares reports summarizing portfolio quality and risk issues with recommended corrective action.Participates in the loan review process; makes recommendations to management to optimize the loan review program, as needed.Assists in the development and scope of the internal loan review process, including risk-based sampling of the loan portfolios, and coordinates with outsourced loan reviews.Prepares reports and work papers recapping discussions with loan officers and business unit management, and/or other functional areas under review to present risk issue findings and secure commitments for resolution of areas in question.Performs continuous monitoring of key business unit credit related activities and effectively documents and communicates findings to management.Maintains strong relevant knowledge of key legal, compliance, and market-risk issues involved in credit related activities.Promotes and maintains positive relationships with unit managers and staff; provides information and assistance when appropriate.Assists with site coordination and logistics for outside vendors, contractors, and staff performing third party commercial loan reviews.Performs continuous monitoring of key business unit credit related activities and effectively documents and communicates findings to management.Monitors assigned portfolios to evaluate proper coverage and assessment of risk on an ongoing basis.Understands and maintains working knowledge of, and ensures bank activities are performed in compliance with, all state and federal banking laws and regulations applicable to assigned area.Maintains an independent viewpoint derived from fact-based analysis and patterns of performance.Requirements:High School diploma or equivalent - required. Bachelor's degree in Business, Economics, Accounting, Finance or relevant course of study - preferred.Loan Review Officer: 3+ years recent experience in commercial lending, credit/loan review and/or similar position requiring strong business knowledge and credit judgment - required.Equivalent combination of education, training and experience in portfolio management, loan audit and/or credit risk may be considered.Loan Review Officer Senior: 7+ years recent experience in commercial loan review, underwriting, credit risk, or portfolio management in a mid to large size commercial bank, demonstrating advanced business knowledge and credit judgment -required.Professional credentials as a (CRC) Credit Risk Certification, (CIA) Certified Internal Auditor, (FRM) Financial Risk Manager or other risk credentials - preferred and highly desired.Pacific Coast Banking School Graduate or equivalent - highly desired.Equivalent combination of education, training, certifications and/or comparable work experience as a consultant or financial regulator with emphasis in the assessment and performance of commercial lending programs may be considered.Demonstrated ability to deliver exceptional customer service and maintain client relationships, both internally and externally.Business and financial analysis and modeling skills, with understanding of financial accounting, income statements, balance sheets, etc., requiring the ability to gather, analyze and prepare reports.Working knowledge of lending practices, policies, procedures, disclosures, and terminology related to banking laws, regulatory requirements. and legal documents.Understanding of the Bank's credit underwriting policies and approval process.Technical and analytical reasoning skills to synthesize information accurately and effectively to understand and interpret regulatory requirements and appropriately apply principles, procedures, requirements, regulations, and policies to the position.Well-developed interpersonal and written/verbal communication skills demonstrating the ability to communicate effectively, clearly and persuasively in a variety of settings, formats, and audiences; with the ability to read, write, speak, and understand English well.Strong planning, organizational, time management and follow up skills, demonstrating a strong sense of urgency and ability to execute quickly, timely and efficiently.Ability to multi-task and decide key priorities with confidence, motivation, decisiveness, flexibility, and sound business judgment.Unquestionable integrity in handling sensitive and confidential information required.Proficient use and understanding of MS Office products (Word, Excel, Outlook), with the ability to learn and adapt to new technologies quickly. Working knowledge of automated underwriting and financial systems - requiredWork Environment:Climate controlled office environment.Work involves being able to concentrate on the matter at hand, under sometimes distracting work conditions and frequent employee and customer contacts and interruptions during the day.Work requires regular attendance, punctuality and adherence to agreed-upon schedule with willingness to work a flexible and/or rotating schedule and or extended hours, which may require assisting at other locations, as needed.Physical Demands:Work may involve the constant use of computer screens, reading of reports, and sitting throughout the day.Ability to operate a computer keyboard, multi-line telephone, photocopier, scanner and facsimile which often requires dexterity of hands and fingers with repetitive wrist and hand motion.Typically sitting at a desk or table; intermittently standing, stooping, bending at the waist, kneeling or crouching to file materials.Occasional lifting up to 10 lbs. (files and/or boxes)The above statements are intended to describe the general nature and level of work being performed and are not an exclusive list of all qualifications for this position.Heritage Bank is an Equal Opportunity Employer Salary Range DisclaimerThe base salary range represents the min, mid and max of Heritage Bank's salary range for this position. Actual salaries will vary depending on factors including, but not limited to, qualifications, experience, and job performance. The range listed is just one component of Heritage Bank's total compensation package for full time and part time employees. Depending on position, other total compensation rewards may include monthly, quarterly or annual incentive, and/or bonuses.PDN-990d1924-0dad-4113-b589-d77a1f103ccc

Keywords: Heritage Bank, Tacoma , Loan Review Officer, Accounting, Auditing , Tacoma, Washington