Loan Review Officer

Job description

Benefits: 401(k) matching Bonus based on performance Competitive salary Dental insurance Health insurance Paid time off Training & development Vision insurance SUMMARY: Performs reviews of bank's commercial loans to ensure compliance with established policies and standards. ESSENTIAL DUTIES AND RESPONSIBILITIES include the following: • Evaluates quality of commercial loans and assigns risk rating indicating borrower's financial strength and probability of loan repayment. • Selects loans to evaluate for credit risk according to factors, such as geographical location, and type and amount of loan.: • Records data in software, such as purpose of loan, balance, collateral, and repayment terms. • Evaluates information to determine whether lending officers have stayed within guidelines of lending authority, if loan is in compliance with banking regulations, and if required documents have been obtained. • Identifies problem loans and describes deficiencies. • Writes summary of analysis and reasons for assigning adverse risk rating. • May act as senior analyst and coordinate data collection and evaluations of credit quality of commercial loans, and present loan review information and report...