Loan Review Officer performs reviews of bank's loans to ensure compliance with established policies and standards. Reviews small- to mid-size loans. Being a Loan Review Officer may prepare and provide loan data to accounting. Requires a bachelor's degree. Additionally, Loan Review Officer typically reports to a manager or head of a unit/department. The Loan Review Officer works on projects/matters of limited complexity in a support role. Work is closely managed. To be a Loan Review Officer typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
Description
The Senior Loan Review Associate resides in the Risk Management team. This position performs loan reviews of existing loan relationships for credit quality, risk assessment and credit administration, while ensuring coverage and frequency of reviews conforms to policy. The annual loan review plan will encompass all loan portfolios. The Senior Loan Review Associate consults with loan officers and lending personal and provides the Chief Credit Officer and Chief Risk Officer timely, an objective assessment of the credits reviewed.
The Senior Loan Review Associate validates the loan risk ratings and timely identification of problem loans by the business units so that necessary action can be taken to strengthen credit quality and minimize the bank’s credit loss. An effective credit risk review system identifies relevant trends that affect the quality of the loan portfolio and highlights portfolio segments that are potential problem areas. Lastly, internal loan review provides management and the board with an objective, independent, and timely assessment of the overall quality of the loan portfolio.
Requirements
After one year as our Senior Loan Review Associate you'll know you were successful if you...
What we are looking for...
Ranked as the top-performing U.S. public bank by S&P Global Market Intelligence, Merchants Bancorp is a diversified bank holding company headquartered in Carmel, Indiana, operating multiple lines of business, including multifamily housing and healthcare facility financing and servicing, mortgage warehouse financing, retail, and correspondent residential mortgage banking, agricultural lending, and traditional community banking. Merchants Bancorp conducts its business through its direct and indirect subsidiaries, Merchants Bank of Indiana, Merchants Capital Corp., Farmers-Merchants Bank of Illinois, and Merchants Mortgage, a division of Merchants Bank of Indiana.
Merchants understands the positive impact of making employees feel valued and is proud to once again be recognized by the Indiana Chamber of Commerce’s Best Places to Work Program. This is the seventh year in a row that Merchants was recognized as a Best Places to Work organization.