Loan Review Analyst

ChoiceOne Bank; Kent City (MI); On-site; USD 65,000 - 90,000; Full time

Job summary

ChoiceOne Bank in Michigan seeks a Loan Review Analyst to assess credit and collateral information for diverse loan types, determine loan ratings, and prepare annual reviews for committee approvals.

The role involves reviewing appraisals and environmental reports, compiling key management reports, and using tools to input financial spreads. Requires a Bachelor’s degree, 3+ years of credit review experience, and proficiency in Windows and Office.

Qualifications

• Bachelor’s degree required; business or finance preferred.
• At least three years of credit review experience.
• Strong PC skills with Windows and Microsoft Office.
• Working knowledge of banking products, policies, and procedures.

Responsibilities

• Conduct annual credit reviews on commercial loan relationships and assign grades.
• Analyze credit and financial information from multiple sources.
• Coordinate appraisal and environmental orders and review results.
• Prepare management reports and present findings to committees.
• Maintain compliance with internal credit and loan policies.

Skills

Credit analysis

Analytical thinking

Communication skills

Documentation / report writing

Education

Bachelor’s degree

Tools

Windows

Microsoft Office

Job description

Description

Loan Review Analyst

Exempt - Grade Level 8

Equal Employment Opportunity

Corporate Values & Mission

"Provide superior service, quality advice and show utmost respect to everyone we meet."

General Summary

Review and analyze credit and collateral information for diverse types of loans, including ascertaining an appropriate loan rating. Prepare and occasionally present annual loan reviews for approval to various committees. Review appraisals, property evaluations, and various environmental reports. Prepare and compile various key management reports.

Reports To

AVP Loan Review Supervisor

Essential Duties And Responsibilities

• Manage and perform annual credit reviews on commercial loan relationships, to include review of all pertinent credit & financial information, such as credit bureaus, UCC & title searches, various financial statements, the loan files to include both credit & collateral, and provide credit analysis and assign grading to same.
• Assess the adherence to internal credit and loan administration policies and procedures.
• Coordinate Appraisal/Environmental orders and complete reviews as assigned and in accordance with guidelines.
• Provide special reviews as requested to assess the state of certain loan portfolio segments.
• Input financial statement spreads using Flash Spread.

Qualifications

To perform this job successfully, an Individual in this position must be able to perform each of the above essential duties satisfactorily and exhibit the values of the Company. In addition, the requirements listed below are representative of the knowledge, skill and/or ability required.

Experience and/or Education

• Bachelor’s Degree
• Minimum three (3) years of review experience; or equivalent combination of education and experience
• Computer knowledge – Windows, Microsoft Office
• Working knowledge of Banking

Competencies

In addition to the Corporate Core Competencies, individuals in this position are expected to have the following skills:

Communication – Speaks clearly and persuasively in positive or negative situations; listens and gets clarification; responds well to questions; demonstrates group presentation skills; participates in meetings. Writes clearly and informatively.

Analytical – Synthesizes complex and diverse information; collects and researches data; uses intuition and experience to complement data.

Adaptability – Adapts to changes in work environment; manages competing demands; changes approach or method to best fit the situation; able to deal with frequent change, delays or unexpected events.

Initiative – Undertakes self-development activities; takes independent actions and calculated risks; looks for and takes advantage of opportunities; asks for and offers help when needed.

Technical Skills – Assesses own strengths and weaknesses; pursues training and development opportunities; strives to continuously build knowledge and skills; shares expertise with others. Has a thorough understanding of underwriting, coverages and rating procedures.

Judgment – Displays willingness to make decisions; exhibits sound and accurate judgement; supports and explains reasoning for decisions; includes appropriate people in decision-making process. Makes timely decisions.

Business Acumen – Understands business implications of decisions; displays orientation to profitability; demonstrates knowledge of market and competition; aligns work with strategic goals.

Physical Demands and Work Environment

Ability to work in an office environment which may include many hours of computer and telephone usage. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

This position description is not to be construed as an exhaustive statement of duties, responsibilities, or requirements. Employees may be required to perform any other job-related instructions as requested by their supervisor, subject to reasonable accommodation.