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Loan Review Officer
BancorpSouth
Tupelo, MS, United States
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There are many things to consider when deciding on your next employer. Do you want a job where you earn a paycheck? Or do you want a CAREER with a company that values their employees as well as the communities that they are in? At BancorpSouth we are more than just a work place. We are a company that prides itself on values and the people that we employ. Start your search for a career with BancorpSouth.
Job Title: Loan Review Officer
Functional Title: Loan Reviewer
Organizational Location: Administration Team
Reports To: First Vice President and Operations Manager
Working Conditions: Normal, no adverse or hazardous conditions
Job Group Category: Exempt
Work Hours: Monday - Friday (8:00 am - 5:00 pm)
Primary Purpose: (Summary of major reason this job exists)
• Independently evaluate the loan classification or credit grading of individual loans reviewed
• Ensure that problem loans are identified in a timely manner by account officers and that action plans are in place and reasonable
• Ensure that loans are granted and documented in compliance with approved lending policies and procedures and that they are within regulatory requirements including inspecting loans for non-approved Loan Policy/Regulatory violations and technical exceptions
• Report results of Loan Reviews to the Credit Risk Committee members, the appropriate senior executives and bank management
Principal Duties and Responsibilities: (Majority of duties performed, but not meant to be all inclusive or to prevent other duties from being assigned)
• Analysis and underwriting of loans and assigning an appropriate risk rating
• Verifying completeness and accuracy of loan documentation with exceptions being noted
• Understanding and enforcing Bank, State and Federal loan policy with violations being noted
• Preparing loan review reports
• Presenting recommendations to Management
Job Specifications: (Knowledge, skills, and abilities normally required for competent performance in the job)
• Bachelor’s degree in Finance, Banking or related field required
• Knowledge of lending process with a focus on loan underwriting, loan documentation and regulatory and loan policy required
• Be able to work in a team environment
• Previous loan review experience with another bank or state/federal agency or previous experience with consumer and commercial loans desirable
• Some travel may be required