CREDIT ADMINISTRATION AND WORKOUT MANAGER - WATERFORD

FirstBank

Miami (FL)

Sur place

USD 75 000 - 110 000

Plein temps

Il y a 5 jours

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Résumé du poste

FirstBank Florida is seeking a portfolio monitoring and credit support professional to oversee loan documentation, assist in closings, and manage past due and maturing loans. The role focuses on ensuring compliance with BSA/AML and OFAC policies while supporting credit decisioning and risk management.

Responsibilities include preparing underwriting, portfolios reviews, and coordination with legal teams for distressed assets and amendments.

Qualifications

Attention to detail and strong analytical skills.
Knowledge of loan documentation and credit policies.
Familiarity with BSA/AML and OFAC concepts is a plus.

Responsabilités

Facilitate preparation of credit underwriting and analysis for renewals and modifications.
Assist in facilitating closing of transactions.
Assist in managing past due and maturing loans.
Recommend loan structures for relationships and monitor covenant compliance.
Prepare periodic reviews of loan portfolios and monitor credit quality.
Collect and review financials to monitor compliance and performance.
Prepare files for annual reviews and for internal/external audits.
Coordinate with attorneys on distressed assets and UCC/loan documentation.

Description du poste

JOBSUMMARY

Monitor portfolio. Oversee Loan Portfolio documentation.Handle special assets. Draft procedures.

Accountable for adhering to the Bank's BSA, AML, and Office of Foreign Asset Control (OFAC) applicable policies. Employee must follow specific unit procedures developed in compliance with the policies. employee is also responsible for the reporting any suspicious activity and / or transactions i accordance with the Bank's processes and comply with any mandatory BSA, AML, and OFAC training assigned.

ESSENTIALFUNCTIONS

Facilitates the preparation of credit underwriting and analysis of existing loans in connection with renewals and modifications.
Assist in facilitating closing of transactions.
Assist in managing past due and maturing loans.
Recommend and models appropriate loan structure for new and existing loan relationships
Prepares periodic reviews of existing loans to assess credit quality and covenant compliance
Collect, receive and review financial reports to monitor loan compliance and performance.
Assists in preparing files for annual review and complete review on a timely basis.
Responsible for annual portfolio inspections
Timely response to open exception reports, loan review audits and support internal and external audits.
Review weekly reports and tickler file for assigned Portfolio.
Assists in the preparation of Waivers and Amendments.
Prepares Commercial portfolio and other miscellaneous reports as needed.
Requests and follows-up on pending and missing legal and other documentation supporting credit assets.
Prepare visitation reports summarizing visits to properties and/or with clients.
Providing loan document information as required which includes secondary market and NLP portfolios.
Create and send default letters as required.
Other ad-hoc duties as necessary in order to familiarize them with all department areas.

SAG

Manage and serve as a primary point of contact for a portfolio of credit facilities, secured by distressed commercial real estate assets.
Developed and implemented credit strategies to maximize improvement in credit risk and loan recovery, while observing bank policy and minimizing collection costs.
Employes a wide range of collection strategies including loan restructurings, cash pay downs, and the pursuit of collateral.
Completes detailed quarterly “Criticize Asset Reports” for each facility. Reports included a summary of the past quarter’s
developments and operating results, as well as an updated risk profile and exit strategy for each account.
Obtain approval for risk appropriate loan modifications and credit facility restructurings
Manage and work with attorneys regularly to come to a suitable solution on distress assets.
Reviews and underwrite loan files for risk grading and workout identification
Assist existing borrowers in identifying replacement lenders, managing collections, negotiating workout terms and early extinguishing certain loans at a discount and coordinating legal efforts.
Interact with investors, brokers, loan officers, and attorneys with the sale of distressed Assets and portfolio.
Monitoring sales and the closings of distress assets.
Keep track of deficiency judgments and assist in the collection process.
Attend mediations and/or depositions.
Coordinate with FirstBank Florida attorney in negotiating, preparing, and reviewing stipulation/ Forbearance Agreements.

CREDIT ADMINISTRATION

Loan monitoring including all internal and external reporting requirements, company/borrower information and all relevant events; supporting responses/ resolutions for internal and external customers and aiding the overall departmental workflow; responsible for the maintenance of the Loan Portfolio documentation and for providing support to the SAG/ Credit departments as detailed below.
Responsible for SAG/REO monitoring and handling.
Create and follow up of various reports
Perform/ Assist with Check requests, payments of invoices and GL reconciliations
Process deficiency payments
Prepare Datamart validation and certification as well as TDR reporting.
Complete CRA submission, appraisal ordering and all logs of credit department
Supervise credit administration officer/ specialists
Review of the monthly tickler report for accuracy, changes and updates.
Review Ncino system file upload accuracy. Position is responsible for reviewing and approving the placeholders below.

Relationship DocMan