Loan Officer II

Bank of Hope; Los Angeles (CA); On-site; USD 75,000 - 90,000; Full time

Benefits offered by this job

Bonus

Benefits

Job summary

Bank of Hope in Los Angeles is seeking a commercial lending professional to manage risk, analyze financials, and present loan cases for approval. You will support underwriting, due diligence, and ongoing covenant monitoring while building client relationships.

The role requires 3–5 years of lending experience, a accounting/finance background, and Korean language skills. Salary ranges from $75,000 to $90,000 plus bonus and benefits, with on-site work in LA.

Qualifications

• Bachelor’s Degree in Accounting and Finance preferred.
• 3–5 years of commercial lending experience.
• Korean bilingual preferred.
• Intermediate MS Office skills.

Responsibilities

• Keep abreast of industry changes and regulatory events impacting commercial lending.
• Analyze cash flow, liquidity, profitability, leverage and other ratios.
• Prepare loan presentations outlining risk and borrower strengths/weaknesses.
• Recommend or deny loan requests per regulations and bank policies.
• Gather documents to perfect collateral interests.
• Detect early warning signs of problem loans and notify supervisor.
• Monitor loan covenants and report violations to manager.
• Assist in loan closing and funding per procedures.
• Analyze collateral values and insurance coverage.
• Submit calls and document customer contact; meet customers to grow relationships.
• Conduct site visits and interviews under portfolio manager supervision.
• Comply with Reg B, HMDA, BSA, OFAC, USA Patriot Act, CRA, Privacy, Security.
• Review End-User Computing Agreement and maintain security protocols.
• Stay current with industry trends to prevent data leaks and fraud.
• Report suspicious activities to management or CISO.
• Occasional local travel for client meetings with Relationship Managers.
• Participate in community organizations to meet CRA objectives.
• Mentor junior lending staff.
• All other duties as assigned.

Skills

Credit analysis

Financial statement analysis

Relationship building

Regulatory compliance

Education

Bachelor’s Degree in Accounting/Finance

Tools

MS Office/Applications

Job description

• Keep abreast of industry changes, local economic, financial and legislative events which may have an impact on commercial lending activities.
• Analyze cash flow, liquidity, profitability, leverage and other financial ratios and be able to come to various conclusions, including evaluation of collateral and other relevant credit information.
• Prepare loan presentations that include all pertinent information associated with the overall risk of the loan, identifying the strengths and weaknesses of borrower’s surrounding credits.
• Recommend or deny loan requests in conformance with banking regulations and Bank’s loan policies and procedures.
• Gather documents to perfect the security interest in collateral, if applicable.
• Detect early warning signs of problem loans and immediate notification to a supervisor, Chief Credit Administrator, Loan Review, or Loan Servicing.
• Monitor loan covenants and conditions per loan agreement and report any violation to manager.
• Assist in loan closing and funding including obtaining signatures on loan documents according to the Bank’s procedures.
• Analyze collateral values and insurance coverage.
• Collect loan accounts and overdraft information.
• Submit reports of calls made and document customer contact.
• Meet customers regularly and seek opportunities to grow relationship.
• Conduct site visits and on-site interviews under the supervision of a portfolio manager.
• Comply with regulatory requirements including but not limited to: Reg B, HMDA, Bank Secrecy Act, OFAC, and USA Patriot Act, CRA, Privacy, and Security.
• Comply with the Bank’s security program, including but not limited to:
• Review and comply with the End-User Computing Agreement.
• Acquire good knowledge on functions and usage of computer systems as related to the assigned job functions.
• Be current and knowledgeable in industry’s trend in safeguarding the Bank against confidential data leak, identity theft, fraudulent activities, and computer security threats.
• Reports suspicious activities to manager, Chief Risk Officer or Information Security Officer.
• Occasional local travel is required, as may participate in client meetings with Relationship Managers.
• Participate in community organizations and/or events to help the Bank meet its CRA Objectives.
• All other reasonable duties as assigned.

• Keep abreast of industry changes, local economic, financial and legislative events which may have an impact on commercial lending activities.
• Analyze cash flow, liquidity, profitability, leverage and other financial ratios and be able to come to various conclusions, including evaluation of collateral and other relevant credit information.
• Prepare loan presentations that include all pertinent information associated with the overall risk of the loan, identifying the strengths and weaknesses of borrower’s surrounding credits.
• Recommend or deny loan requests in conformance with banking regulations and Bank’s loan policies and procedures.
• Gather documents to perfect the security interest in collateral, if applicable.
• Detect early warning signs of problem loans and immediate notification to a supervisor, Chief Credit Administrator, Loan Review, or Loan Servicing.
• Monitor loan covenants and conditions per loan agreement and report any violation to manager.
• Assist in loan closing and funding including obtaining signatures on loan documents according to the Bank’s procedures.
• Analyze collateral values and insurance coverage.
• Collect loan accounts and overdraft information.
• Submit reports of calls made and document customer contact.
• Meet customers regularly and seek opportunities to grow relationship.
• Conduct site visits and on-site interviews under the supervision of a portfolio manager.
• Comply with regulatory requirements including but not limited to: Reg B, HMDA, Bank Secrecy Act, OFAC, and USA Patriot Act, CRA, Privacy, and Security.
• Comply with the Bank’s security program, including but not limited to:
• Review and comply with the End-User Computing Agreement.
• Acquire good knowledge on functions and usage of computer systems as related to the assigned job functions.
• Be current and knowledgeable in industry’s trend in safeguarding the Bank against confidential data leak, identity theft, fraudulent activities, and computer security threats.
• Reports suspicious activities to manager, Chief Risk Officer or Information Security Officer.
• Mentor junior lending staff.
• Occasional local travel is required, as may participate in client meetings with Relationship Managers.
• Participate in community organizations and/or events to help the Bank meet its CRA Objectives.
• All other reasonable duties as assigned.

Job Qualifications/Requirements

• Minimum Education Level: Bachelor’s Degree, preferably in Accounting and Finance
• Minimum Job Experience: 3-5 years of commercial lending experience
• Language requirements: Korean bilingual preferred
• Computer/software skills: Intermediate with MS Applications

The salary range for this full-time position is $75,000 - $90,000 annually + bonus + benefits. Salary ranges are determined based on qualifications, level, and location. Exact compensation may vary based on your skills and experience.

Bank of Hope is an equal employment opportunity employer and does not discriminate on the basis of race, color, gender, religion, age, sexual orientation, genetic information, national or ethnic origin, disability, marital status, veteran status or any other basis protected by federal, state, or local law.