Loan Operations Regulatory Specialist

PlainsCapital Bank; Lubbock (TX); On-site; USD 60,000 - 90,000; Full time

Job summary

PlainsCapital Bank is seeking a Loan Operations Regulatory Specialist in Lubbock, TX. You will monitor regulatory and credit quality compliance, review loan agreements for covenants, and assist lending staff with exceptions and financial tracking.

The role requires strong analytical skills, attention to detail, and proficiency with MS Office and bank systems. Join a team dedicated to risk management and accurate reporting.

Qualifications

• High School diploma, GED, or equivalent; Bachelor’s degree preferred.
• At least one year of financial statement analysis with knowledge of financial ratios.
• Excellent verbal, written and interpersonal communication skills.
• Excellent PC skills, including MS Office and system applications.
• Analytical, time management, organizational and problem-solving abilities.
• Self-motivated with accountability and attention to detail.

Responsibilities

• Monitors and updates collateral tracking for compliance and quality control.
• Reviews loan documents for covenants and reports discrepancies to loan officers.
• Supports lending staff in resolving financial tracking questions and exceptions.
• Updates IBS and Arcs for loan risk rating changes and reporting.
• Downloads and tracks underwriting documents from the loan pipeline.

Skills

Financial statement analysis

Verbal communication

Written communication

Interpersonal skills

Time management

Attention to detail

Problem solving

Education

Bachelor’s degree in Business or related field

High School diploma or GED

Tools

Microsoft Office

IBS

LQAS

Arcs

CASH

Job description

PlainsCapital Bank is looking to hire a Loan Operations Regulatory Specialist. The Loan Operations Regulatory Specialist is responsible for all regulatory and credit quality compliance activity. Reviews loan agreements for financial covenants and accounts for said covenants in the Bank’s monitoring system. Works with Lending staff on satisfying financial monitoring exception items. Monitors and updates borrowing bases and financial covenants using the Bank’s core banking system and any ancillary systems. Performs quarterly financial covenant monitoring reporting.

Responsibilities

• Monitors and updates the Bank’s collateral tracking system for compliance and quality control of financial monitoring exception items.
• Updates and reconciles collateral based loan requirements from updated borrowing base certificates in IBS for commitment availability and multiple collateral values. Updates necessary exception items in LQAS for the borrowing base.
• Identifies borrower financial document reporting deficiencies and discrepancies, and assists lending staff with resolution.
• Helps Loan Officers and Lending Assistants with financial tracking questions and in getting exceptions cleared.
• Reviews and updates IBS and Arcs for loan risk rating changes. Performs Arcs action requests to ensure proper reporting of loan risks.
• Reviews and analyzes loan approval documents and loan agreements for financial monitoring and financial covenant requirements and reports any discrepancies to the loan officer.
• Updates CASH spreading software with defaulted covenant information where appropriate and notifies loan officer of any covenant breaches.
• Performs quarterly financial covenant monitoring scrub and assists to compile data in CASH noting any waiver, forbearance, or red ink memo information. This reporting information is available to the board of directors, examiners, and auditors.
• Sets up initial financial monitoring requirements from the daily note list and requests any financial underwriting documentation not yet received and imaged into the borrower file.
• Downloads and tracks all available financial documents that are used in underwriting from the loan pipeline in Arcs.

Qualifications

• High School diploma, general education degree (GED), or equivalent required. Bachelor’s degree in Business or related field with coursework in Finance or Accounting strongly preferred. Equivalent experience in lieu of education will be considered.
• Either through related work experience or education, at least one year of financial statement analysis with a demonstrated knowledge of financial statements and financial covenant ratios.
• Excellent verbal, written and interpersonal communication skills.
• Excellent PC skills, including word processing and spreadsheets via Microsoft Office products as well as custom applications and systems.
• Excellent analytical, time management, organizational, and problem-solving skills with the ability to multi-task and work in a deadline-driven environment.
• Must be self-motivated with strong initiative, high level of accountability and attention to detail.

The above statements are intended to describe the general nature and level of work being performed by individuals in, or assigned to, the above position and are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required, and may be changed at the discretion of the Company.

About Us

PlainsCapital Bank was founded in 1988 by a group of young bankers who dreamed of bringing relationship banking to their hometown of Lubbock, Texas. With the acquisition of Plains National Bank, a Lubbock financial institution with one branch and approximately $198.8 million in assets, they began growing the bank one relationship at a time.

Over 30 years later, PlainsCapital Bank has held fast to its tried-and-true relationship-based culture and its commitment to financial strength and stability. PlainsCapital Bank ranks sixth among the largest banks headquartered in Texas by deposits and has a statewide presence with approximately 55 locations in markets such as Austin, the Coastal Bend, Dallas, Fort Worth, Houston, Lubbock, the Rio Grande Valley, and San Antonio. Backed by decades of experience, our knowledgeable bankers are renowned for their straightforward approach and for taking exceptional care of their clients. They bring both financial and industry expertise along with vast local market knowledge to each client relationship.

PlainsCapital Bank conducts both commercial and consumer banking, providing a full suite of commercial banking products and services to fit any business model and convenient services, personal attention, and account features to help simplify managing personal finances.

PlainsCapital Bank continues to remain strong and stable, delivering highly personalized service and a single point of contact to help customers reach their financial goals.

To learn more, please visit us online at plainscapital.com/about.