Loan Manager Job Description
Loan manager
provides quality customer service to internal clients; ability to provide support to the employees; ability to work independently.
Loan Manager Duties & Responsibilities
To write an effective loan manager job description, begin by listing detailed duties, responsibilities and expectations. We have included loan manager job description templates that you can modify and use.
Sample responsibilities for this position include:
Oversees loan/deposit portfolios for assigned portfolio of relationships
Cross-sell deposit, trade, treasury management, foreign exchange, private banking, asset management, and other services to our existing client base prospects
May be assigned sales goals for client relationships as skills in client management grow
Assist with due diligence/analysis with new client relationships as appropriate
Monitor loan repayment activities and financial condition of borrowing clients and take necessary action to collect past due accounts and ongoing repayment ability of all other accounts
May make presentations on specific loans and recommend approval and appropriate structure of credits
Review and negotiate credit agreements
Calculate deal realted fees
Manage closings for lenders
Calculate, invoice and disperse ongoing interest and fee payments from a borrow and/or lender perspective
Loan Manager Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Loan Manager
List any licenses or certifications required by the position: UCC, LEAN, GNMA, AOM, AIA
Education for Loan Manager
Typically a job would require a certain level of education.
Employers hiring for the loan manager job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Finance, Business, Accounting, Education, Economics, General Education, Management, Business/Administration, Graduate, MBA
Skills for Loan Manager
Desired skills for loan manager include:
Ability to assess customer needs and provide solutions for them
Ability to develop product line processes and strategies
Ability to leverage that information in creating customized customer solutions
Ability to use methods for identifying
Ability to utilize the processes
Analyzing
Communicating information about the competitive environment
Evaluating
Introducing and implementing more efficient approaches to performing business related activities
Ability to adhere to existing customer support service agreements and the associated support levels and activities
Desired experience for loan manager includes:
Advanced knowledge of commercial lending business
Advanced understanding of business risks and regulatory requirements
Has 5 years of commercial banking experience with a minimum of 3-4 years of credit analysis or commercial loan review
Strong relationship management skills ability to multiple competing priorities in a fast paced environment
Work with credit officers and legal counsel to amendments, waivers and extensions
Review credit agreements
Loan Manager Examples
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Loan Manager Job Description
Job Description Example
Our company is growing rapidly and is hiring for a loan manager. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for loan manager
- Solicit wholesale / retail residential and commercial mortgages in target area
- Promote the corporate self-assessment programs (ARC and ACA) ensuring technology control owners are assessing and identifying the technology risks (infrastructure, applications, third parties ) that the business faces in its operations
- Interface with AD teams & CB Risk/Controls teams on an on-going basis for risk activities project initiatives
- Coordinates scheduled meetings, training sessions and courses as needed for the transitional loan team
- Performs other duties as assigned by the Unit Manager
- Prepares and reviews loan reporting for management
- Provides management oversight and leadership in the performing of tasks within the Loan Operations Team
- Develops periodic goals, organizes work, sets short-term priorities, monitors all activities and ensures timely and accurate completion of daily work within the team
- Conducts performance management and career development processes, provides input for staff disciplinary actions
- Ensures the most effective processes are in place in order to make certain that the team is compliant with regulations and quality control measures
Qualifications for loan manager
- Demonstrated understanding of applicable bank policies and procedures as they pertain to the satisfaction of loan closing conditions vendor documents and services
- Strong knowledge of most common vendor documents, loan documents, commercial lending and loan requirements
- Thorough understanding of all Business Banking and Commercial loan products and Commercial Lending Credit Policy/Guidelines
- Thorough knowledge of B2B, CCAS, AFS, RIMS, CHQ, Loan Doc Prep System and other banking systems
- Excellent interpersonal skills and team orientation, including coaching and mentoring team members
- Completion of Loan Closing Specialists certification program (future)
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Loan Manager Job Description
Job Description Example
Our growing company is hiring for a loan manager. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for loan manager
- Manage the process for maintaining the allowance for loan and lease loss (“ALLL”) reserves for loans, trade finance products, and lending commitments
- Complete ASC 310 (FAS 114) analyses for individually impaired loans and work with stakeholders, including lenders and executive management, to determine the amount of impairment and establish appropriate loss reserves
- Monitor the performance of loans modified as troubled debt restructurings
- Coordinate all loan related disclosures reported in the company’s external financial reports (Forms 10-Q and 10-K)
- Oversee the preparation of materials for quarterly review by the Loan Quality Review Committee
- Integrate financial reporting and systems capabilities to enhance the internal control environment over financial reporting
- Implement new loan related accounting guidance
- Review general ledger reconciliations performed by team, and oversee the preparation of all loan related accounting journal entries required for the monthly financial close
- Manage overall team functions and performance ensuring adherence to internal accounting policies and procedures, U.S. GAAP, and banking regulations
- Establishing, communicating and monitoring key risk controls and performance and productivity standards to ensure the underwriting of Consumer Card and DNRE products in accordance with department and bank policies and established service level agreements (SLAs)
Qualifications for loan manager
- Exceptional time management and organizational skills evidenced in previous assignments
- Exceptional knowledge of loan documents, commercial lending collateral evaluation, lien perfection, local, state and federal regulatory requirements
- Strong interpersonal skills and team orientation, including Ability to coach and mentor team members
- Ability to meet deadlines under pressure utilizing excellent time management skills
- Utilizes complete independence in problem solving and decision making
- Completion of Loan Closing Specialist certification programs (future)
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Loan Manager Job Description
Job Description Example
Our company is searching for experienced candidates for the position of loan manager. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for loan manager
- Proficiency with the supporting operating systems utilized by the department (including but not limited to Shaw, TSYS, Branch Connections)
- Acting stakeholder in the oversight and prioritization of development of the Consumer Loan underwriting systems including Helios, ASAP
- Making exception underwriting decisions and overseeing the exception approval process for manually decisioned loans
- Managing unit costs and controlling expenses through process improvements and automation where possible
- Working directly with product line and operational area managers to coordinate budgets, volumes, staffing levels and service expectations to balance productivity and cost
- Developing strong partnerships with business line leaders to support strategies and blue chip initiatives balancing risk with the business line’s financial goals
- Collaborating with the Risk Department to analyze loan performance and adjust underwriting criteria as appropriate to ensure optimal pull through rates
- Active engagement in all regulatory and product development projects to ensure processes and procedures meet evolving requirements and expectations
- Promote employee engagement through designated talent development strategies to emphasizing innovation continuous improvement throughout the department
- The performance of various loan file reviews and audits including, but not limited to, post funding, prefunding, cancelled loans, servicing, and secondary market loans to ensure compliance with all applicable state, federal and FHA guidelines
Qualifications for loan manager
- Knowledge of commercial credit products and loan documentation
- Knowledge of creditors rights, collection practices, and bankruptcy
- Proficient in Microsoft Office (Word, Excel and PowerPoint) programs
- Ability to communicate and interact effectively with all levels of Associates and management, with the customers and outside vendors as needed
- Excellent written and strong verbal communications
- Excellent computer skills including enterprise applications, email and pc software packages
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Loan Manager Job Description
Job Description Example
Our innovative and growing company is hiring for a loan manager. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for loan manager
- Participating in the planning and development of procedures to meet corporate objectives and to comply with regulatory requirements
- Researching various guidelines/regulations as needed
- Conducting organizational efficiency analyses to improve workflows and productivity
- Assisting in external and internal audits of the lending procedures and programs
- Ordering desk and field reviews and analyze and track the results of those reviews
- Responsible for working with Enterprise Project Teams for potential New Products and their potential impact to Master Servicing, both from a business and systems perspective
- Funding Packages and Authorization– complete the review and funding of all loans within 30 minutes of package receipt
- Responsible for the performance and development of the external mortgage sales team
- Assist sales team with Home Buying Seminars and branch
- Identify and report funding exceptions appropriately
Qualifications for loan manager
- Excellent presentation skills (development and delivery to all levels up to and including Executive Management)
- Possesses 10+ years relevant work experience
- Possesses 5+ years previous leadership experience (Manager or Team Lead)
- Possesses 5+ years of Loan Administration experience
- 8+ years of banking experience, primarily in loan accounting
- University degree in a relevant discipline (Finance, Accounting, Business)
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Loan Manager Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of loan manager. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for loan manager
- Assist lending staff with the structuring of commercial loan packages
- Ensure that the department maintains and monitors letter of credit files via the FIS tickler system, which includes notifying the lenders/beneficiaries of impending expiration dates, preparing appropriate billing notices, and reviewing incoming documentation for proper payment when a draw on a letter of credit takes place
- Develop staff - conduct regular one-on-one and team coaching sessions
- Coordinate with Manager and/or Human Resources on employee performance ratings, promotions, job descriptions, hiring, termination and other personnel matters
- Oversee the scheduling of employees
- Enhance quality of service
- Assist with coordinating, planning and/or participating in seminars for Loan Operations staff
- Create timely and accurate monthly reports on production results, including service levels and accuracy/quality of loan documentation
- Monitor, create, and update departmental procedures
- Manage loan closings and disbursements of funds to residential and non-residential solar systems having achieved permission to operate
Qualifications for loan manager
- Superior financial analytics
- 7-10 years of related work experience (Loan administration)
- Experience in Construction Loan Administration is an Asset
- Advanced written, oral and interpersonal skills
- Proficiency with personal computers and related software
- Excellent customer service skills and ability to hold staff to high standards