Commercial Lending Portfolio Specialist

4 months ago

Mahomet, United States Farm Credit Illinois Full time
Job DescriptionJob Description

Description/Job Summary

The Portfolio Manager completes compliance, credit administration, and loan servicing responsibilities and serves as an information resource for the Commercial Lending Department.

Responsibilities/Duties

Compliance & Credit Administration
  • Monitors and reviews Borrowing Base Reports (BBR) for compliance, following up with customers as needed
  • Monitors, reviews, and follows up for financial statements on accounts that are required to provide financials
  • For loan participations, monitors and follows up with lead lenders on accounts where periodic financial information is required
  • Identifies and resolves issues with above monitoring responsibilities
  • Ensures conditions of loan approvals are satisfied
Portfolio Servicing
  • Assists Commercial Lenders by processing renewals, new loan requests, and loan servicing actions
  • Monitors construction loan inspections, disbursements, and billing of undisbursed fees, reporting issues or concerns to the Commercial Lender for resolution
  • Works with corporate legal counsel on issues as diverse as review of loan participation documentation, eligibility opinions, and other actions requiring legal counsel's assistance and input
  • Monitors covenant compliance, ensuring timely and thorough compliance
  • Requests periodic financial statements from customers to maintain current financial information
  • Serves as tertiary contact for key loan relationships and key loan particpation partners
Commercial Lending Support
  • Assists support staff with loan document production by reviewing loan documents to ensure they include the correctlegal descriptions, note terms and covenants, and conform with the terms of approval
  • Provides assistance and guidance to support staff with quarterly calculations of unused fees to ensure accuracy
  • Provides guidance to support staff on customer relationship issues when the primary lender is unavailable
  • Coordinates with Loan Accounting Operations with servicing fees on loans sold, participation loan accounting setup on participations purchased, and other general accounting questions when the primary lender is unavailable
Back-Up Resource
  • Serves as the back-up resource to the support staff
    • Completes loan processing
    • Provides customer service
    • Creates board reports
    • Completes account maintenance
Reporting
  • Utilizes on-line research, published reports, contacts within the Farm Credit System, and other resources as needed to maintain and enhance knowledge of specific industries and targeted prospects
  • Develops and maintains understanding of risks specific to specific industries and shares information within the Commercial Lending Department
  • Utilizes industry knowledge in financing and servicing discussions
  • Creates standard quarterly reports on large loan relationships, utilizing information obtained from the Commercial Lender
Data Security and Confidentiality
  • Appropriately protects the confidentiality, security, and integrity of the Association's systems and data and clients' data

Required Skills

  • Working knowledge of accounting principles, practices and methods
  • Working knowledge of credit processing and procedures
  • Skill in listening and conveying awareness of a customer's problem or issue to find resolution
  • Skill in utilizing a systematic approach to problem solving
  • Skill in interacting and working effectively with others
  • Skill in engaging, colloaborating and building trust amongst team members, along with establishing and maintaining cooperative working relationships.
  • Ability to work independently, being self motivated
  • Skill in gathering, compiling, organizing and analyzing information
  • Skill in performing a variety of duties, often changing from one task to another of a different nature
  • Skill in utilizing technology, including Excel and PowerPoint proficiency, to increase efficiency
  • Oral and written communication skills, sufficient to exchange information effectively with peers, supervisor and customers
  • Expert customer service skills, including the ability to communicate complicated information, deliver bad news effectively, and exceed customer expectations
  • Skill in balancing logic and intuition to make sound decisions in a timely manner
  • Skill in project management

Required Qualifications

Bachelor's degree in accounting, business, finance or related field, and
3 years of related experience in finance, loan processing, or banking;
Or an equivalent combination of education and experience sufficient to perform the essential functions of the job

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